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ACCA FR Chapter 23 Consolidated statement of financial position Questions

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Comments

  1. tds11 says

    November 20, 2018 at 7:58 am

    In question 1, can you please explain how you calculate the initial 1’200’000? (I guess it’s the number of shares)
    Thank you in advance

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  2. gorikrish says

    September 22, 2018 at 12:25 pm

    Normally , the fair value of NCI is given in the question.Is there any other way in which NCI value will be asked like the one in q.1?

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  3. gorikrish says

    September 21, 2018 at 6:07 am

    in question 1, can you please explain the fair value adjustment calculation ?

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    • P2-D2 says

      September 21, 2018 at 6:44 am

      Hi,

      The fair value at acquisition is the uplift of $2.4 million on the PPE(building). In the post acquisition period this will need to be depreciated over 8 years, so $2.4m/8years = $0.3m per annum. The acquisition date is 31 August 2014 and the reporting date 31 December 2014, so we need 4 months of depreciation as $0.1m ($0.3m x 4/12, or $0.3m/3, being the one third of the year).

      Hope that clears it up.

      Thanks

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      • gorikrish says

        September 22, 2018 at 12:23 pm

        Thank you!

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      • hodge says

        February 20, 2019 at 7:23 pm

        Hi there,

        Please can you explain for Question 3 where the 20,000 that is multiplied by 25% comes from?

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