[Kiara]

Sorry that was a mistake on my part.

I meant X replied saying he’ll give 100.

Hm, alriight.
However if A were to reply yes to X’s question (would you take 75), wouldn’t it become binding?
Thereby making X’s text an offer?

[Kiara]

So just to double check.
X’s advert is an invitation to treat followed by A’s enquiry regarding the price.
this is followed by X’ refusal.
A then makes an offer.

Am i right?

[Kiara]

I have a small confusion,
Could the first text be considered an offer in any case?

[Kiara]

But isn’t the advert a invitation to treat and not an offer?
So shouldn’t A’s reply be an offer followed by X’s rejection which leads to termination of A’s offer?

[Kiara]

Sorry, I assumed I mentioned 22% in the first post. Sorry for the inconvenience.
But thank you!
Finally understood it!

[Kiara]

Also, do we have to account for parents share of dividends paid by the associate?
i.e 22% of 1000?

[Kiara]

I didnt quite understand.
But from what I did
X’s share in associate will be 22%*19000?

[Kiara]

So just to clarify mid year acquisitions are only taken into account if it occurs in the year financial statements are prepared?

Everything else I understood.
Thank you!

[Author]

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