acquisition of shares for loan notesForums › Ask ACCA Tutor Forums › Ask the Tutor ACCA FR Exams › acquisition of shares for loan notesThis topic has 4 replies, 2 voices, and was last updated 9 years ago by MikeLittle.Viewing 5 posts - 1 through 5 (of 5 total)AuthorPosts August 9, 2015 at 8:34 am #266313 VictoriaParticipantTopics: 28Replies: 70☆☆one more question, Mike, help needed, pleasefor every 1,000 shares acquired, P is to issue a 4.5% $100 loan note values at par. we bought 85% of S 600,000 shares. the market price of the S shares was $2.20 at the moment. how should we account for this in our FS? August 9, 2015 at 10:15 am #266330 VictoriaParticipantTopics: 28Replies: 70☆☆could it be this way: 4.5% loan notes (600,000 x 85% x 100/1,000) = $51,000?just desperately tried to apply my critical thinking skills to the issue in your absence :)) August 9, 2015 at 1:13 pm #266360 MikeLittleKeymasterTopics: 27Replies: 23327☆☆☆☆☆That’s absolutely correct – well done with your critical thinking! August 9, 2015 at 1:14 pm #266362 VictoriaParticipantTopics: 28Replies: 70☆☆thank you 🙂 August 9, 2015 at 1:58 pm #266375 MikeLittleKeymasterTopics: 27Replies: 23327☆☆☆☆☆You’re welcomeAuthorPostsViewing 5 posts - 1 through 5 (of 5 total)You must be logged in to reply to this topic.Log In Username: Password: Keep me signed in Log In