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Roberto example Fv RE

Forums › Ask ACCA Tutor Forums › Ask the Tutor ACCA FR Exams › Roberto example Fv RE

  • This topic has 1 reply, 2 voices, and was last updated 7 years ago by MikeLittle.
Viewing 2 posts - 1 through 2 (of 2 total)
  • Author
    Posts
  • December 2, 2017 at 10:35 am #419634
    iyamu
    Participant
    • Topics: 286
    • Replies: 171
    • ☆☆☆

    I still see the example of reboerto as very complicated .

    The RE at reporting date was 20,000
    What is the brought forward figure ??

    RE bf should be RE at reporting date of $20,000- profit for the year of Ingrida 6,000
    B/f $14,000
    Profit for the 7 months 7/12*6000= $3500,

    14,000 + 3500= 17500

    Post Acq profit 5/12* 6000= 2500
    RE @ reporting date = $20,000
    RE @ acq bal =$ 17500

    You see what I mean , so I do not know if there is an error on the note or not . Please, clearify me on this .

    Thanks

    December 2, 2017 at 4:53 pm #419732
    MikeLittle
    Keymaster
    • Topics: 27
    • Replies: 23333
    • ☆☆☆☆☆

    If post-acquisition is 2,500 and the parent’s own retained earnings is 20,000, why have you totally that to 17,500?

    Surely 20,000 + 2,500 should be 22,500

    Or am I on the wrong question?

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  • The topic ‘Roberto example Fv RE’ is closed to new replies.

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