[phil1990]

ARUMUGAM you should find deferred tax liability at beginning then at end and the difference you have to split it in OCI(revaluation) and the other to P&L. Do you remember what was the amount both years for FV and C.A??

[phil1990]

guys was it agent or principal? the standard says that the main characteristic is the control prior transfer to customer, so i choose agent…

[phil1990]

i found deferred tax 19.2 for OCI and 6 (credit) for P+L.
Does anyone find the same??

[phil1990]

guys does anyone remember the amounts in q1 regarding revaluation?
tax base, fv and ca for both years??

[phil1990]

100% A

[phil1990]

Feroz are you sure?

[phil1990]

Guys does anyone remember the answer in MCQ with foreign currency? The goodwill was increased or decreased in MCQ with liability (was it overstate or understate?? i dont remember…) Any other answers in theoretical MCQs of part b?? like revenue recognition on combined products.. any thoughts??

[phil1990]

What about increase or decrease in goodwill by 20.000? Does the question mention overstate or understate of liability? On section b were the two operations discontinued? Does anyone remember the question about capitalisation of borrowing costs? I think i found 10435000. The question about subsidiaries may all answers are right as the company has the right to exercise some options, maybe an indicator of control. Another two theoretical questions am not sure is the one with revenue recognition of combined goods in section b and another one about development costs – research expense over the life of project & capitilasatio of deprecation or neither of two??

[phil1990]

You are right is 3600 unrealised profit as subsidiary sells to parent and you have to apportion 60% of 6000 in R.E

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