[js12]

@xanpech said:
I also got positive goodwill after not fair valuing the inventories. I think the own figure rule will mean we will still get marks for the goodwill calculation. I also didn’t finish, I ran out of time before 4C, I wonder how many ppl actually did 4c? lol.

Fingers Crossed

[js12]

Q1 I got positive goodwill but i didn’t FV the inventories, so i reckon that’s why i got positive. But if you left it out and carried it forward, so that mean you would get a penalty just for those mark(s) but no more penalties if you carry it forward?

Also, it appeared a joint venture just from the seperate entity however, on the next question it mentioned something about the £10m share issue for the 51% being included as debt rather than NCI? I wonder if it’s something to do with the other entity having a contract to makes them having to get a % of the gross receipts might be why it’s being designated as debt as they get contractual cash flows.

And very time pressurised, didn’t manage to finish the exam ;(

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