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- June 18, 2015 at 11:26 pm #257983
I am keeping my fingers crossed for 50%.
June 18, 2015 at 11:24 pm #257979yup, it is a decrease in the pension liability of $2m and I think it should be a treated as a gain and taken to the P/L.I misinterpreted it and treated the $8m as the net liability.
Journal entry should be :
Debit Defined benefit obligation $2m
Credit P/L $2mJune 12, 2015 at 1:16 am #256504In d consol on restructuring, pension plan of $3m before restructuring n afterward $8m, d difference of $5m I treat as current service n expense to parent r/e.
June 12, 2015 at 1:12 am #256503profit was $3.6m @ p/e ratio of 19 =$68.4m but I think d nci was at fair value n I did not bother to compute 20% of $68.4m n used d $68.4m in my calculations.
June 12, 2015 at 1:06 am #256502I think ya hve to deduct d transport cost frm d price to get d fair value price.
June 12, 2015 at 1:02 am #256501P2 was very tough. I mess up question 4. instead of discussing sploci I write up an extract n said dat unrealized gains n losses pass through it n dat d cost of investment in d subsidiary on remeasurement to oci n dat on disposal of d sub is recycled to p/l is dis so n will I get any marks for dis?
June 12, 2015 at 12:34 am #256500You should include the parent and parent % share of subsidiary post acquisition profit or loss.
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