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@lesbella said:
I did not manage to finish . Probably 15 mark nothing written due to time pressure on question 115 marks is not too bad Lesbella. Hope we did enough!
I really knew I should have moved on sooner from Q1 but I had info I wanted to get down as I was pretty confident with the answer for C & D.. The remaining questions were just too rushed! regret it now!!
Timing is just such a pain.. Spoke to lecturer after and he said that timing is the main reason the pass rate is so low because people usually leave out questions.
He said mainly people leave out question 2.
I left question 4 until the end. I got part A & B complete (1. 5 paragraphs per mark).. Regarding section C, 7 marks, I got 1 or 2 bullet points down as time was lost but i also didnt have a clue what to write.
Did you guys get it finished?/ all questions answered?
People mentioning not calculating goodwill, you did need to as there was an impairment. Did anyone use partial goodwill for company L? As it mentioned measuring based on NCI of net assets.
As it was a steo up acquisition, for the start of the reporting year. It said it started at 40%. That they then acquired a further 20% . Did anyone calculate this extra 20% as 20% of the remaining 60 and got 12 , there for company L owned 40%+12% which gave 52%?