[goodgirlone]

Thank you.

[goodgirlone]

thank you.

[goodgirlone]

Thank you

[goodgirlone]

you will need to multiply contribution per course and the total planned.

700 x 40 with four delegates and continue the process for all delegate volume.

the net contribution per year is then reduced by fixed cost to achieve profit.

[goodgirlone]

OK, thanks.

it really does make it clearer now.

[goodgirlone]

Thank you.

This is my understanding.

Since the contingent liability was unrecognized at acquisition and would have been included in the goodwill calculation at acquisition. It was effectively duplicated in current year financials. Then the current year entry needs to be reversed.

For unrecognized amounts at the date of acquisition, is it safe to always treat as being recognized at that date given that goodwill would have included the unrecognized amount?.

[goodgirlone]

@tallaghthoop said:
Part b really tough….q2 was doable…q3 i did….but not very well….consolidation goodwill 50 and Negative goodwill 10 taken to gain reserves….ethics was nice….Also got fair value gain from associate to sub….think it was 5 or 10 milion…head wrecking exam hated the essay layout of q3 / q4..

I too got fairvalue gain on 30% investment of $5. which was taken to OCE.

balance sheet had investment of $1675. which does not include the FV gain of 5.

30% investment made was $600.00 + $90 profits earned since investment up to 1-12-2013 + $10 for increase in Fv up to 1-12-2013.

($600+90+10=700) for value of 30% at 1-12-2013 but question said additional 40% investment was $975.00 which was the total in the balance sheet. But fair of $30% on 1-12-2013 was given as $705.00

Hence fair value gain not in balance was $5

[goodgirlone]

@dublin10 said:
what did people get for the Investments of the group ? did you take the FV or the cost proce from the Investment figures in the BS

[goodgirlone]

can some one please help

how did you get market value for Q 4 therp

[goodgirlone]

@kinolga:

how did you find MV?

[goodgirlone]

https://opentuition.com/members/marta0101/

[goodgirlone]

I got same answer as you was so worried that it wrong based on previous posts

[goodgirlone]

However in my mind the fact that in reality a discount is on Sales which means that customer will pay less, therefore amounts receivable will automatically less, unless there is additional sales volume or adjustment to selling price then sales revenue will fall.

[goodgirlone]

Thank you.
I was very anxious for this answer as i see where the original value of receivables was used in the answer.

However in my mind the fact that in reality a discount is on Sales which means that customer will pay less, therefore amounts receivable will automatically less, unless there is additional sales volume or adjustment to selling price then sales revenue will fall.

Thanks again

[goodgirlone]

Please ignore I choose the wrong forum- The question was meant for Ask The Tutor. Question has been posted there.

sorry about the error apologies for any inconvenience caused

[goodgirlone]

Thank you. This as really enlightened my darkness

[goodgirlone]

failed pretty miserably, devastated really

[goodgirlone]

Give thanks to christ he has done it again. 57%

I am so ilated yes, yes my world has been restored

[goodgirlone]

Hey very very Happy Third time is really a charm 57% I’M on top of the world.

Thank you Geoff

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