[Thanh]

I think goodwill is 11m, cause in my option, the 4m for provision will increase asset and also increase liability, so the net asset is still unchanged.

[Thanh]

After read the whole topic, i understood my same issue, thanks Mike and Lukayl.

[Thanh]

Thanks Mike,

I mean: % of NCI x bases figures (post adjusted profit of subsidiary) = profit attributed to NCI.

For intragroup loan, NCI still earns/charged with their share of finance income/expense on intragroup loans (that means no adjustment related to intragroup loan when calculating NCI)?

And base figures for the nci are (scenario 1) $3,000 and (scenario 2) $3,800 if there are no other adjustment?

[Thanh]

thanks Mike,

In case that the loan is vice versus ( s lend p), does group retained earnings also reduced by $160,000?

and for consolidated statements, assume that there are no other adjustments, is it corrected to say that the base figures for NCI in the case that P lend S is $3,000,000, and in case that S lend P is $3,800,000.

thanks again.

[Thanh]

thank for your answer, now i got it, but i have another question.

when disposal an investment property that transferred from owner-occupied property with a surplus revaluation.

how to treat with that surplus revaluation (transfer to retained earning or remain surplus revaluation account)?

thank in advance.

[Thanh]

Thanks for your answer.

[Thanh]

could you tell me why “B” entry in note is included in control account. Thanks

[Thanh]

Now i got it, thank you so much.

[Thanh]

so, as your answer we should using cost of asset for cash flow from investing activities when the question provides cost and net book value?

ps: thank you so much for your help.

[Thanh]

Sorry Tutor, cause post in this topic, but in my kit from BPP, B is the given answer and i think it is right cause it will have the effect of reducing the difference when corrected.

i also have a question.

4,600 paid for motor van repairs was correctly treated in the cash book but was credited to motor vehicles asset account.

my work for this error: we need suspense account and entries in suspense account are:

opening balance: debit 9,200

motor vehicles asset account: credit 4600
motor van repairs expense: credit 4600

please tell me my answer is right or wrong, when im wrong, tell me why, thank you so much.

[Thanh]

Thank you so much, now i understand. i thought credit note is debit on receivable in this question, so poor.

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