[gargakh]

@daisypeg said:
Unbelievably passed with 79%!!! Woohoo one more exam roll on December

May I know your teacher please?

[gargakh]

Hello Chris,

Greetings!!

Thanks for the reply.

Can you help me with the contingent liability part in that is mentioned in note 2 of the question?

I didnt understand its treatment.

Why are we deducting (1) from the calculation of goodwill and why are we adding 5 to the retained earnings as it is still a liability?

Regards,
Akhil garg

[Author]

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