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ACCA P2 Past Exam Question Weston March June 2016 Part 2
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I would also like to ask about the loss on disposal being included in operating activities. If you look at a pro forma statement of cash flows any gain/loss on a disposal of a subsidiary is included, yet this was not done in the memo. Could someone please explain? Also I agree that the bal b/f for goodwill should be on the debit side.
Hi Chris,
why do you open the goodwill balance of the credit side? Goodwill being an asset I would have expected to have a debit opening balance.
Can please someone help me with why the bank overdraft of 2 million added bank to find the net proceeds? Where in the question it says we got rid of the liability?
Never mind a break, I think you deserve some kind of medal after all that.
What a hideous question.
Why didn’t you credit the FV dep RE: note (i) in the PPE T account?
The b/f amount of the goodwill account should be on the debit side?
I agree with you
Sir you included the loss on disposal in CFO, but the answer did not include it? Any possible reason why it was or was not to be included?
I have also questioned this. Gains/losses are included under operating activities so I agree with what Chris has done, yet it was done in the memorandum.