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hi guys this will be mine next paper to attempt and i like the discussion
there was a joint operation, shares was giving, contribution, assets, receivable and liability, the joint operation was in losses giving too.
i too found consolidation fairly easy not that easy if not prepared, mine nearly balanced with only 8 figure different. 1a &b i wrote well in a but b was on ethical issue but didn’t write much.
Q2 on contract, i went head to list 5 levels and relating to the scenario in the question and recognition of the revenue in the contract, how and went to recognize .
down to Q3 only a i didn’t write much but mange to explain the difference between financial liability and equity instrument.
Overall i was confident.
Hi tutor am a new member, will like to be part of this, this is my third attempt on P2
