• Skip to primary navigation
  • Skip to main content
  • Skip to primary sidebar
Free ACCA & CIMA online courses from OpenTuition

Free ACCA & CIMA online courses from OpenTuition

Free Notes, Lectures, Tests and Forums for ACCA and CIMA exams

  • ACCA
  • CIMA
  • FIA
  • OBU
  • Books
  • Forums
  • Ask AI
  • Search
  • Register
  • Login
  • ACCA Forums
  • Ask ACCA Tutor
  • FIA Forums
  • CIMA Forums
  • OBU Forums
  • Qualified Members forum
  • Buy/Sell Books
  • All Forums
  • Latest Topics

September 2025 ACCA Exam results

Post comments & Instant poll

20% off ACCA & CIMA Books

OpenTuition recommends the new interactive BPP books for December 2025 exams.
Get your discount code >>

Calculations upon disposal of a subsidiary

Forums › ACCA Forums › ACCA FR Financial Reporting Forums › Calculations upon disposal of a subsidiary

  • This topic has 1 reply, 2 voices, and was last updated 4 years ago by Kim Smith.
Viewing 2 posts - 1 through 2 (of 2 total)
  • Author
    Posts
  • October 27, 2020 at 5:41 am #593216
    sartersanbor
    Member
    • Topics: 5
    • Replies: 5
    • ☆

    Dear Sir/Madam,

    I cannot understand the workings laid out in the solution to the following activity. How did they arrive to the $660 part of the workings for net assets and $200 for NCI?

    Pelmer Co acquired 80% of Symta Co’s 100,000 $1 shares on 1 Jan 20X2 for $600,000 when the reserves of Symta were $410,000. Symta had a brand name valued at $50,000 which was recognised on acquisition. The FV of the NCI at acquisition was $150,000. On 01 Jun 20X6 Pelmer disposed of its shareholding for $1,500,000. At that date, Symta’s reserves were $710,000 and it had net assets with a carrying amount of $650,000. The value of the brand name has not changed since acquisition.

    Solution:

    Consideration transferred 1,500,000
    Less
    share of consolidated
    amount at date control lost:
    Net assets (100+660+50) 810
    Goodwill 190
    NIC at date control lost 200

    Gain 700

    November 28, 2020 at 5:16 pm #596925
    Kim Smith
    Keymaster
    • Topics: 135
    • Replies: 8361
    • ☆☆☆☆☆

    If you mean to address a tutor with “sir/madam” you need to use the ask the FR tutor forum https://opentuition.com/forum/ask-acca-tutor-forums/ask-the-tutor-acca-financial-reporting-fr-exams

  • Author
    Posts
Viewing 2 posts - 1 through 2 (of 2 total)
  • You must be logged in to reply to this topic.
Log In

Primary Sidebar

Donate
If you have benefited from our materials, please donate

ACCA News:

ACCA My Exam Performance for non-variant

Applied Skills exams is available NOW

ACCA Options:  “Read the Mind of the Marker” articles

Subscribe to ACCA’s Student Accountant Direct

ACCA CBE 2025 Exams

How was your exam, and what was the exam result?

BT CBE exam was.. | MA CBE exam was..
FA CBE exam was.. | LW CBE exam was..

Donate

If you have benefited from OpenTuition please donate.

PQ Magazine

Latest Comments

  • belz92 on MA Chapter 28 Questions Financial Performance Measurement
  • devin on Practice Question Klopp
  • mrjonbain on MA Chapter 6 Questions Inventory Control
  • Aozorahime on Presentation of financial statements – SFP and SPLOCI – ACCA Financial Reporting (FR)
  • areebamaqbool on MA Chapter 6 Questions Inventory Control

Copyright © 2025 · Support · Contact · Advertising · OpenLicense · About · Sitemap · Comments · Log in