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Consolidation

Forums › Ask ACCA Tutor Forums › Ask the Tutor ACCA FR Exams › Consolidation

  • This topic has 1 reply, 2 voices, and was last updated 8 years ago by MikeLittle.
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  • October 7, 2016 at 9:37 am #342612
    roselyimo
    Member
    • Topics: 1
    • Replies: 0
    • ☆

    Hi, am solving this acca past paper: https://www.accaglobal.com/content/dam/acca/global/PDF-students/acca/f7/exampapers/int/F7INT_2013_jun_q.pdf

    The answer (https://www.accaglobal.com/content/dam/acca/global/PDF-students/acca/f7/exampapers/int/f7int_2013_jun_a.pdf) for question 1a iv) shows that the post acquisition profit for Strata was calculated by adding pre acquisition losses. pls explain why it was not deducted since it is a loss?

    October 7, 2016 at 10:04 am #342613
    MikeLittle
    Keymaster
    • Topics: 27
    • Replies: 23321
    • ☆☆☆☆☆

    If the profit for the year is made up of a pre-acquisition loss and a post-acquisition profit (let’s say the pre-acquisition loss was $4,000 and the results FOR THE YEAR were $10,000 profit) please tell me how much profit was made in the post-acquisition period

    OK?

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