[piotr88]

71% in my first attempt

[piotr88]

Shouldn’t you use CoS instead of purchases to calculate inventory days?

[piotr88]

First attempt, 75%.

[piotr88]

agboolakenny84 wrote:Same here, I got negative goodwill. Where did you include the negative goodwill.

I adjusted retained earnings

[piotr88]

It had to as in my question was nothing about goodwill, patent and licence.

[piotr88]

Has anyone had section C question with company+subsidiary+associate where preparation of SOFP was required (the only requirement)?

I got negative goodwill and I am not sure if it is fine or I messed up in calculations 🙁

[piotr88]

I chose ‘neither’. I think that only goodwill and intangible assets with indefinite useful life have to be reviewed annually.

[piotr88]

Do you mean the question which of them should be the subject of impairment review?

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