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Purchase consideration was 34,000 plus the deferred consideration of 12,272 (around 12k)
I’m not sure why I cannot tally that amount? How did you treat the contingent liability? I included it as an adjustment in the FV of the subsidiary, if I remember it correctly it’s 400,000.
Wasn’t able to tally my financial position. I got a difference of 12,623 which is my goodwill computation.
Any one have the same answer? Company name is Phyton.
Same with us here in SG, the exam was stopped with 22 minutes still remaining in my time. I was actually hoping to start the exams again as I got stuck with first 5 questions which took me 30 mins to answer. Because of this, I wasn’t able to go back and review my answers.
Did anyone here had the question on rolling budget of revenues and cost of sales? How did you guys answer it? What I did was I took the Jan 200X actual result and added the revised Feb and March Budget. Is this correct?
I sat the exam today, Sections A and B is a bit hard as there are 5 questions in a true or false format, some of the questions also don’t have the choices. I took the CBE exam for the first time.
With regards to Section C, the topics were relevant costing and not-for profit organisation which I think I did well.
I hope I get at least 50%. 🙂