Sir, I am confused with FV of NCI. The normal procedure just like in example 2 will give 30% of $3400 GW for NCI as $680, whereas it is given as $700. Shouldn’t the $20m be accounted for differently? Kindly explain
Think of it as a long term loan from the subsidiary to the parent hence we put it in equity as it is part of the parents capital but not attributable to the parent
Sir, In exam do we have write Current Assets and Current Liability In GSFP if we dont score marks on it( unless their is no adjustment in it)
Sir, I am confused with FV of NCI. The normal procedure just like in example 2 will give 30% of $3400 GW for NCI as $680, whereas it is given as $700. Shouldn’t the $20m be accounted for differently?
Kindly explain
Hi Sir, why don’t we include the share capital of Subsidiary in the group calculations?
When do we add investment cost?
I don’t understand why NCI is shown under the group’s equity? Why is the group concerned with the equity held by the NCI?
Think of it as a long term loan from the subsidiary to the parent hence we put it in equity as it is part of the parents capital but not attributable to the parent
Thanks for the lecture.May the force be with you:P
Furqan
The year 1/1/14 is incorrect. Finn is incorrect.