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Also about the question on services in Sect.B it confused me. I choose the answer where says about perishability of services… and not the option I can’t remember what was it exactly.
I hate those maximin and minimax questions. For both, I answered the same the A. i.e. the lowest. Why examiner didn’t you put a maximax question?? 🙁
Also for q.1 about lifecycle costing did you include the depreciation in calculation. I confused and left it back. i put the C option which was the highest. even there for simple calculation examiner distract me.
In last question i did not had time to do it. so I lost all the marks there. Again this time management. I think i fail for the last question.
Negative goodwill ? I don’t think so. The deferred tax was unknown for me, so I recognise it in the RE of consolidated, since it was asking GW on acqn date and the deferred tax was still unknown until reporting date. The question with contract asset I found that it was a loss making ie onerous and recognize it immediately in P/L. Also I had huge difference in my balance sheet due to NCA where there were far less than NCL. About the revenue I confused, I deducted the revenue included and add up the service and the sale of product /4. Mcqs I didn’t had time to do it so I put some in luck.