Consolidation of holding and its sole subsidiary
I need to consolidate the accounts of a holding company and its sole subsidiary. The holding company has no activity; it solely earns revenue in the form of dividends from its subsidiary. In the Balance Sheet, it owes money to its subsidiary (that can also be found as receivables in the subsidirary's account; which both cancelled out), holds fixed assets (not detailed but most likely the value of the subsidiary), and then capital/reserves in shareholders' equity.
How do you consolidate those in a single balance sheet? Do you maybe have resources online where I can check that? (More specifically on the asset side, what do I do with the shares of the subsidiary showed in the fixed assets of the holding; and with the capital of the subsidiary and its holding)
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