[LaoHac]

Only opentuition note. passed p1 58 and p3 63. thank you amazing opentuition.

[LaoHac]

85% with helps from Opentution!

[LaoHac]

<cite> @kynhonglongbong said:</cite>
GW is 8500, i’m totally sure about this number 😀

Are you vietnamese 😀

OMG! I got 3100.
Congrats your correct answer!
Yep, i’m from Ha Noi :lol

[LaoHac]

Does anyone remember the Goodwill at acquision date?
I think it shoud be 3,100
Anyone the same?

[LaoHac]

<cite>@danf1981 said:</cite>
The only hard one was adjustment nr 1 for the consignment inventory

DR Revenue 10000
CR NC liabitilies 10000
DR Finance Costs 10% of 10000 = 1000
CR NC Liabilities 1000

Consignment inventory is tricky as I oroginally took it out of inventory but as the inventory stays in the warehouse there is no need

Don’t you remember that the sale taken place by 1 October 2012, that means the finance costs should be 10%*10,000*6/12?
About inventory adjustment, the question is silient about inventory, therefore, an adjustment is required.

[Author]

Posts