ACCA F7 June 2008 Question 1 Patronic

Comments

1. willie91 says:

   October 23, 2012 at 1:15 pm

   can u adjust your handwriting its not that clear

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   • MikeLittle says:

     October 23, 2012 at 2:27 pm

     @willie91, Sorry Willie – I’ll make a note “Must try harder”

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2. marky123 says:

   May 14, 2012 at 10:31 am

   Yes I calculated G/will to be 27,000 too. Im just wondering if Mike maybe using an old unmodified/modified version of the question from a text book maybe instead of ACCA ??
   Be interesting to know what that 30.5 was though

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3. marky123 says:

   May 8, 2012 at 4:26 pm

   Hi just a quick one. In the video at 12m 40s, Mike writes in a figure of 30.5 bringing the total to 135.5. Where does this figure come from???? I cant see it or calculate it.
   Also, at around 17m, Mike gets Goodwill to be 29,500 yet ACCA standard answer is 27,000 ?? Why the differences?
   Any help appreciated thanks

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   • e1e4 says:

     May 13, 2012 at 9:57 am

     @marky123, I also can not find the figure of 30.5 .In the paper june 2008,the nci is 26m,so the calculation of goodwill is 27m.you can try it .

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     • jessiewong says:

       October 11, 2012 at 2:43 am

       @e1e4, how to get the value of nci of 26m that u state ? what is the calculation step?

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       • MikeLittle says:

         October 11, 2012 at 11:29 am

         @jessiewong, Hi, I’ll look at it again and also at the video. But it will have to wait for a few hours – I’ll get back to you

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       • nyarasi says:

         November 6, 2012 at 9:48 am

         @jessiewong, to get the value of 26m u have to multiply 104m * 25% of nci [share capital 24m +retained earnings 73.5 +fair value adjustments of 6.5m = 104m]

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