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Hey Mike,
In your calculation of G/W, you did not include the FV of the NCI of $42,857, however you did include that at the back of your answers.
I’m confused now, isn’t this the full G/W method where you always show your workings in previous lectures including the NCI share in your G/W calculation than splitting US & NCI.
I’m really confused, there were no workings like you always did. Please help??
Also,
Why in the CSOCIETY for the TOTAL column we only included $322,581 instead of $385,161? The LTL and CL were not included. Why?
In reference to my previous question. Do we do the G/W this way just for foreign subsidiary consolidation?
A number of points arise!
Is it really chapter 13?
You say I haven’t included the nci in the goodwill calculation, but then I have? I simply have no idea what you mean! I haven’t included it where?
In SOCIETY I’ve only shown $322,581. So I haven’t included Long term liabilities nor Current liabilities.
Tell me, what does the “ETY” in “SOCIETY” stand for?
Need I go further?
Hey Mike,
I’m terribly sorry. It was chapter 12, its been a rough few days here.
‘ETY’ = EQUITY !
Get it now.
In reference to the G/W calculation, why wasn’t the FV of the NCI of $42,857 added after the cost of $100,000? I’m confused here.
In the printed answers, the $42,857 was added after the cost of investment, but as per lecture it was not added after the cost B/F and C/F.
Understand ?
Yes, I understand. But I can’t explain it! Are you sure that it wasn’t just an illustration or was it really my attempt at a full answer?
Now that I’m not too sure mike, was it?
Now my concern is adding the fv of the nci after the coi or was this illustration just for a foreign subsidiary?
Oh god !
Don’t panic (Captain Mainwaring) (- you’re probably too young to appreciate that quotation, sorry)
Just include the nci value in the goodwill calculation within the “cost of acquisition” section the same as we always do
Check out the printed solution – I have included it there haven’t I?
Yes you have boss !
Lol what was that all about? I’m sorry, I’m from Malaysia so I’m not familiar with that quote, however I know its from a famous BBC sitcom.
(your prob. too young to appreciate that quotation.. Lol, what does that mean? Do my questions feel as if I was him?
I’m so worried Mike. ALL im thinking about is not getting through this paper!!
I’ll not go into the explanation of the quote here – too many questions to answer and too little time to answer them
Stay cool, chill, calm, collected and remember, you don’t need 100% to get through this exam. Pick up the easy marks and follow those golden rules of exam technique, particularly time allocation
You can do it! Look around and see others that have done it before you and gain strength from knowing that, if they can do it, so can you!
Thank you so much for the boost Mike.
God bless you, sincerely from the bottom of my heart. 🙂
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