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Answer to Example 6 Pg. 169 of OT Notes

Forums › ACCA Forums › ACCA FR Financial Reporting Forums › Answer to Example 6 Pg. 169 of OT Notes

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  • July 1, 2011 at 3:28 pm #49000
    stasi
    Participant
    • Topics: 14
    • Replies: 69
    • ☆☆

    Can anyone explain how the 68.8 for NCI was calculated and also the 980 in L’s share of G’s post acq. ret’d ???

    Thanks for any help

    July 16, 2011 at 12:04 am #83293
    sue888
    Member
    • Topics: 4
    • Replies: 43
    • ☆

    Hi Stasi,

    W4a-NCI -10%
    10% per Q
    =10*1180*7/12=68.8

    W3 – RE

    S
    Re- 1,180
    less div propose (200 )

    980 – Annual
    owning period 7/12
    P’s shares 10%
    =980*7/12*980=514.5
    =98

    July 17, 2011 at 1:26 pm #83294
    sue888
    Member
    • Topics: 4
    • Replies: 43
    • ☆

    there is type there:

    P’s shares in S = 980*7/12*0.9=514.5

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