Chapter 25 Example 4-Group SPL incl. Associate

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October 8, 2022 at 9:31 am #668117
afritop
Participant
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I will like to know why midyear acquisition is 6/12ths. Helvellyn acquired Armboth on 1 June 2020 and not 1 July 2020.
1 June 2020 to 31 December 2020 is 7 months post acquisition.
I think the post acquisition should be computed as 7/12 and not 6/12.
October 11, 2022 at 8:30 pm #668342
P2-D2
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Yes, it should be changed to 1 July as opposed to 1 June to give the 6/12 midyear acquisition.

Thanks
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