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Chapter 12, Example 2 – NCI B/F

Forums › Ask ACCA Tutor Forums › Ask the Tutor ACCA SBR Exams › Chapter 12, Example 2 – NCI B/F

  • This topic has 1 reply, 2 voices, and was last updated 7 years ago by MikeLittle.
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  • Author
    Posts
  • November 30, 2015 at 11:00 am #286375
    pbtpriyantha
    Member
    • Topics: 6
    • Replies: 7
    • ☆

    Mr. Mike

    in the above Eg., you have arrived at NCI – B/F in one way which is understandable, But, If I tried to calculate using our normal way, we learnt. it show a different figure .. as below

    NCI -B/F
    NCI Value as of date of acquisition = 42,857
    Post acquisition R/E (500,000-50,000)30%=135,000
    Total = 177,857
    In USD 177,857/5.90 = 30,145$

    But, Your way show 62,960$

    What’s the mistake I have made, Because, I couldn’t understand.
    Pls advise….

    BR,
    Priyantha

    November 30, 2015 at 8:58 pm #286558
    MikeLittle
    Keymaster
    • Topics: 26
    • Replies: 22705
    • ☆☆☆☆☆

    The figure of 42,857 is quoted in dollars whereas 135,000 is in soum

    What you’re trying to do is convert the dollar figure into ……. dollars!

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