[tang]

Thanks Mr. John

[tang]

Thanks Mr. John for your prompt replied. 🙂 I have watched your lectures and it’s really give a lot of help on my self-study route. Thanks a bunch for your free lectures and notes and MCQ test as well. Words can’t express how thankful I am. However, I’m only able to cover until Chap 11 due to insufficient of time as the exam on this week Wednesday. 🙁

Time management for self-study students is important !!! Well, just try my best and take this batch of exam as an experience.

Perhaps I should give bell curve god offering now….

[tang]

Another question, which is Question 20 with same case. For statement 1, the investment is more sensitive to a change in sales volume than sales price.

Refer to the answer given,
The investment is more sensitive to a change in sales price of 29.6%, so the aforesaid statement is incorrect.

My understanding is if the sales volume increased, profit generated increased as well. Why sales volume is not relevant in this case?

Thanks in advance for the guidance. 🙂

[tang]

^^

[tang]

Thanks to Open Tuition, I pass with marks 51%. ^^
Congratulations for those who pass exam with me.
While for those who failed December 2014 exam, please don’t give up and try again. I know next time you sure can pass with flying color and over my marks too!
Add more oil!

[tang]

Thank you, Mr. Mike. It’s a really big help. ?

[tang]

I’m sorry, another question. When we calculate the profit for the year attributable to non-controlling interest. Why no deduct the unrealised profit in inventory?

[tang]

Yup. Thank you so much. It’s really help. ^^

[tang]

Regarding the investment income. Penketh acquire 30% of Ventor’s equity shares. Why answer for share of profit from associate is (10,000 x 30% x 6/12)? My understand is Penketh is the owner of parent, Penketh acquired Sphere’s 90 million shares and Penketh acquire Ventor’s, not Sphere’s. Please correct me if I’m wrong.

[Author]

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