311 Prodigal Co (BPP REVISION KIT)

Hi, I'm a bit confused as I've not got the revision kit to hand, sorry. Could you please elaborate a bit further? Thanks

Hello the extracts are from Sentinel Co Profit for the year 66,000 Other comprehensive income Gain on revaluation of land ?1,000 Loss on fair value of investment (400) Total comprehensive income 66,600 It says in the first note 1) During the post acquisition period Sentinels land had increased in value over its value at date of acquisition by 1 million. Sentinel has recognised the revaluation within its own financial statements. The goodwill calculation in the solution takes the other comprehensive income of 66,600 and not the 66,000, although it states that it hapenned after acquisition. Thank you

Hi, Does it not say that the 1 million was at the date of acquisition and not after the acquisition date? If so then this would form part of the net assets at the date of acquisition and not form part of the past acquisition movement in net assets. Thanks.