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Hi
Regarding the PPE adjustment for new subsidiary.
Details from Q.
SOPL
– disposal of property 1250Notes:
– Disposed PPE, Sales proceed: $2.250m
Carrying value of asset at DOD $1m
Dprciation: $7.95mThe answer gave a “new subs” figure on the dr side of 4200.
I literally dont get where this value is coming from. Im referring to Kaplan textbook pg 525.
Also mention in the question there was a new subs acquired on 1/1/x5 and the y/e was 30/6/5.How does this Parent PPE value of ‘new subs” relate to the new subs acquired. They only gave goodwill calculation figure, like consideration: cash and share exhange, FVNCI @DOA FVSNA @ DOA and saying g/w impaired has been + to op cost and goodwill at full fv.
Please shed a beacon of light like you always do.
Regards,
Arina lost in cloud 0Hi chris,
Actually still the same question, AH group pg 523 on kaplan textbook.
Can you please explain why they are saying that the receivable & payable have decreased? Because the x4 and x5 figures shows contradictingly. Is there a correlation to the new sub addition but i cant understand.X4
– receivables: 26.3
– payables: 32810X5
– receivables: 27.13
– payables: 33340New sub
-rec: 1300
– payble: 1950Self studying is the hardest and slowest when you cant get (instant answer) dont have any irl friends who’s doing acca that can help…So you barrage everyone on acca whatsapp “study” group msg but none could replied because the usually template would be: “aint my problem/figure yourself/aint got time to help you/no one is kind/who is this person? where did u get my number? i dont know you so i dont want to answer your irrelevant and random question”.. and youre sat there stuck and no one to help you except your brain, and occasionally chris. So then as is in life you move along, dissatisfied but with an underlying navievity optimism that the world is kind, everything is beautiful and nothing hurt. I am budha and namaste.
What i would normally do is take the difference in x4 and x5
and then deduct the new sub acquisition by that difference. Am i right?Also why wouldnt it have a proceeds from share issue in financing?
Because i see the share capital has increase from 18K (x4) to 20K (x5)
and also mentioned in the noted acquisition was financed by in exchange of fresh issue of 2m $1 equity shares issued at $1 premium and $2m in cash.How do i account for this?
I dont know wht i would do with the support of opentuition. i’d probably go mental again ahhahahahahha
Also may i know when you wil; upload the ifrs video is it after march exam?
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