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Hi, I have managed to calculate the bonus fraction, realized where I gone wrong with this part.
I have read the third bullet point but I still don’t quite understand what it means, can you help to explain it in a simpler explanation?
Thank you.
oh, actually, I mistyped 72% as 78%, I was trying to calculate W4B NCI share which at that point of time I thought there was NCI.
I think my mistake here is that I thought that there would be a NCI share in this chapter.
Okay, I think I understand better now. thank you.
okay, I understand, after re-reading the notes, I think I was confused about this question with chapter 7 example 4. Okay, I am now clear with the receivable and payables too.
Thank you.
Okay, yes, I understand now, thanks for the explanation, have a happy new year!
Hi, thanks for the quick reply,
Just 1 last clarification on the retained earnings part for chapter 5 example 1,
what I was trying to ask is that in the answer, in the statement of changes in equity, under the column retained earnings for Balance at 31 December 2008, the figure was $2000, may I know why? As in, I understand it is the figure from the reserves, but why in the statement of changes in equity, it is placed in retained earnings for Balance at 31 December 2008?
Would that mean that reserves for the year 2008 = retained earnings in the balance for 2008?
Thank you for the explanations!
oh, I see, I mistook question 4 as a similar question to example 2 when it should have been example 3. Understood question 5 now as well. Thank you.