Carrying amount of an investment in an associate in case of URP

This topic has 0 replies, 1 voice, and was last updated 9 years ago by cvincil.

Viewing 1 post (of 1 total)

Author

Posts
August 19, 2016 at 11:01 am #334061
cvincil
Member
- Topics: 5
- Replies: 0
Hi Mike, in the exam of June15, Q.18 the solution states:
Investment at cost 1200
Share of post-acq. profit 150
URP in inventory -15
Carrying amount 1335

However, in a similar exercise in my BPP book (ex.11. pag. 413) the solution only sums up Investment at cost + share of post acq. profit.
A note further specifies that “URP will be credited to group inventory, not investment in associate”.

Thanks
Luigina
Author

Posts

Viewing 1 post (of 1 total)

You must be logged in to reply to this topic.