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In practice exam 2 for an acquisition the WC items inventories, receivables and payables are deducted. In SBR – UK December 23/24, there is also an acquisition but the WC items are not deducted
Just wondering if you knew why as both are correctly included in P&L and both are acquisitions. Im refereeing to the pre populated spreadsheets part of the exam for both
Thanks,
ChloeI don’t have all the detail of these questions.
Best I can do is give you an example.
If inventory increases from 12 to 20, and the subsidiary acquired has inventory of 5, then the INCREASE IN INVENTORY will be 3 (and not 8).
If you agree with that, move on!! If not, come back to me.
🙂
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