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