past paper 2008 Dec question 1

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    sj626
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    Dear Tutor,
    When calculte the posted Sophistic’s Retain earning,why don’t consider the Fair value adjustment $2M (fair value excess),
    my answer is=3000*6/12+2,000fair value excess-(800URP+200 depreciation)? where is my answer wrong.
    and I think the paper answer missing the both “other comprehensive “item in income statement and “surplus reverse in statement of fiancial position. do i understand right?
    Looking forward your answer.


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    admin
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