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May i know how come to calculate the sale of supermarkets division as a going concern we just take the profit after tax divided by two…?
Thanks…
The question tells you to!!!!
Read the second sentence after the extracts from the recent financial statements.
I have a question on this: sale of assets separately 550 (NCA) and 122 (CA) is reflected in the Financial statement is this amount realisable value or? And when we sell this assets is Nubo co. still operating as a going concern company?
Values in the SOFP are never realisable values – they are book values.
The question tells you that the realisable values are 110% and 80% of the book values.There is no reason why Nubo should not continue as a going concern.
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