[Ryan]

P3 74% second attempt lol

[Ryan]

Ok sir…thx alot….I didn’t see any question on this topic in bpp but had seen one question in Kaplan so just wanted to confirm again

[Ryan]

Ok sir.thank you

[Ryan]

Ok.thx alot

[Ryan]

Ok thank u

[Ryan]

Sure

[Ryan]

Ok 🙂

[Ryan]

It isn’t cost of invest in assoc?

[Ryan]

A doubt. How do we get 5000 as cost in associate ac? Is it taken from the investment income given in the question?

[Ryan]

hey.cud u tell me how u got 5000-5000+7500 in A

[Ryan]

OK.thank u

[Ryan]

OK sir.thanks alot

[Ryan]

Ok sir.thank u

[Ryan]

Sir when the parent sells to the sub we add the unrealized profit to the cos.just in case they ask sofp,what will be the adjustment in the balance sheet

[Ryan]

Thanks a lot. Im clear now

[Ryan]

Oh yes.
The associate pays the dividend
So Dr cash
And cr invest in associate

But do we have to add this cash amount in the con’s sofp under current assets?

[Ryan]

The journal for dividend paid by an associate.is it Dr.ret earnings and cr.invest. in associate?

[Ryan]

OK thx:)

[Ryan]

Thanks a lot:)

[Ryan]

OK.thanks a lot. So in the end if we end up wasting few pages its fine then I believe…:)

[Ryan]

Yes… But how will I do the adjustment in a consolidation question. Cud u tell the journal

[Ryan]

Ah!OK! My mistake…the millions n dollar ‘000s were confusing me.I got it now

[Ryan]

Thanks a lot 🙂
One doubt
Here the residual income is positive so why is the investment not good.
How do we get 212,000 in 132000-212000=(80000)

[Ryan]

Why is 902500 taken for a discount of 5% when in the question the say 3%.cud u explain the logic sir

[Ryan]

Sir,in part b the answer is we make 33334 display screens.so how many keypads do we make?100000-33334?

[Author]

Posts