[kloutsenyessi]

Hello sir
Sorry for delaying to reply.
In fact i was trying to understand how they got the 20000 for shares capital and 50000 for shares premium in their answer.
Finaly i understand that they have made the mistake in the book
The share capital and premuim are the same at the acquisition and reporting date ie 40000 and 30000 respectively.

Once again thanks for the support

[kloutsenyessi]

Yes thanks you very much for your support

[kloutsenyessi]

my problem is how you get 87.5 cent per share.
From the question , i undersand that the sub company issued 80 000 shares but the parent company took only 64 000 shares from the 80 000 shares ?
I will be happy if you enlighten this little beat.

[kloutsenyessi]

the statement of financial position of a parent company P and its subsisdiary S at December year 6 are as follows
Parent
non current asset :
property palnt and equipement $ 620000
investment in s $ 188000
Current assets $ 112000
equipty shares of $ 0.50 each $100000
Share premium $ 200000
accumulated profits $ 480000
bank loan $140000
subsidiary
non current asset :
property palnt and equipement $ 120000
Current assets $ 60000
equipty shares of $ 0.50 each $40000
Share premium $ 30000
accumulated profits $ 90000
bank loan $20000
P acqired 64000 shares in s on 1 january year 6 when the accumulated profits of S were $65000.The value for assets and liabilities in the statement of financial position of S represente fair values.
the accounting policy of P is to measure non controlling interest at their proportionate shares of the net assets of the subsidiary(and not to measure NCI by the fair method including some goodwill
A review of goodwill at 31 dec year 6 found that had been impaired and now valued at $50000.
Prepare a conslodated statement of financial position as at 31 dec year 6

please Sir i want do not understant the amount of Equity share and premium for the sub.
Can you please help me???

[kloutsenyessi]

the statement of financial position of a parent company P and its subsisdiary S at December year 6 are as follows
Parent
non current asset :
property palnt and equipement $ 620000
investment in s $ 188000
Current assets $ 112000
equipty shares of $ 0.50 each $100000
Share premium $ 200000
accumulated profits $ 480000
bank loan $140000
subsidiary
non current asset :
property palnt and equipement $ 120000
Current assets $ 60000
equipty shares of $ 0.50 each $40000
Share premium $ 30000
accumulated profits $ 90000
bank loan $20000
P acqired 64000 shares in s on 1 january year 6 when the accumulated profits of S were $65000.The value for assets and liabilities in the statement of financial position of S represente fair values.
the accounting policy of P is to measure non controlling interest at their proportionate shares of the net assets of the subsidiary(and not to measure NCI by the fair method including some goodwill
A review of goodwill at 31 dec year 6 found that had been impaired and now valued at $50000.
Prepare a conslodated statement of financial position as at 31 dec year 6

[kloutsenyessi]

Thank you very much for your inspiring story .Your story is full of motivation.I am also i self study for P2 .Did somebody can help me get an audio cd for P2. I have used it for P1 it was very very interessing!!!!
I have noticed that i can learn quickly through listen the various subject.Also it gave me the opportunity to learn everywhere.
I want to get the link or address of the publisher

[kloutsenyessi]

Thank you very much.

[kloutsenyessi]

Hi
thanks you very much.
Please can you help me with the contribution too? ie $28 000 or $56 000.
Thanks you in advance
Nyessi

[kloutsenyessi]

Thanks very much Davlim to share this inform with me.Please i am planing to write P1 and P3 this december .However i have not finished the syllabus of P3.i am very afraid to be behind the schedule .Please adivise me.

[kloutsenyessi]

Hi
I am doing also P1and P3. I am going through the P3 text I notice its involves a lot .It needs great determination and commitment.

[kloutsenyessi]

Thank you very much to share this experience with me.One again thanks.Please can you kindly explain further more why we need to add the sentence” market condition is bounded rationale” .is it apply always when assessment of strategy.

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