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Chapter 18, IAS 12 , Eg 2

Forums › ACCA Forums › ACCA FR Financial Reporting Forums › Chapter 18, IAS 12 , Eg 2

  • This topic has 1 reply, 2 voices, and was last updated 11 years ago by MikeLittle.
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  • October 10, 2013 at 4:39 am #142457
    nari
    Member
    • Topics: 261
    • Replies: 176
    • ☆☆☆

    Hello. After the 100 has been released in 05 and 06 , what happens to the 50 that was calculated as 25% of the 200 in 2005??? Please explain. Thanks.

    October 10, 2013 at 11:21 am #142491
    MikeLittle
    Keymaster
    • Topics: 27
    • Replies: 23333
    • ☆☆☆☆☆

    You’ve just said yourself – it was released in 2006. At the end of 2005 it will be shown as a current liability and then, in 2006, it is released

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