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Consolidated Income Stmnt–Q13 Panther Group (In BPP Question bank)

Forums › Ask ACCA Tutor Forums › Ask the Tutor ACCA FR Exams › Consolidated Income Stmnt–Q13 Panther Group (In BPP Question bank)

  • This topic has 2 replies, 3 voices, and was last updated 12 years ago by MikeLittle.
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  • December 3, 2012 at 10:06 am #56094
    partson
    Member
    • Topics: 1
    • Replies: 0
    • ☆

    Working number 2 Non-Controlling Interest. Why is interest interest income being treated as an expense?

    December 3, 2012 at 3:38 pm #109672
    Sangria9
    Member
    • Topics: 25
    • Replies: 282
    • ☆☆☆

    From what have you concluded that interest income is treated as an expense?

    My BPP book eliminates $20,000 from finance costs AND from finance income, for the half of the year of intra-group loan. So we eliminate interest AND income.

    December 3, 2012 at 3:59 pm #109673
    MikeLittle
    Keymaster
    • Topics: 27
    • Replies: 23336
    • ☆☆☆☆☆

    What an amazing interpretation of the question Panther! Interest income treated as an expense?? Where has that come from?

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