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Consolidation Example 6 – workings chapter 23

Forums › Ask ACCA Tutor Forums › Ask the Tutor ACCA FR Exams › Consolidation Example 6 – workings chapter 23

  • This topic has 1 reply, 2 voices, and was last updated 4 days ago by P2-D2.
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    Posts
  • January 14, 2021 at 12:00 am #605753
    Sakina
    • Topics: 10
    • Replies: 19
    • ☆

    Hello sir

    Hope you are well

    I had one doubt on the NCI mentioned in this question.

    They have said Matthews measures NCI using fair value method.

    So in order to calculate NCI through fair value method isnt the below workings correct?

    NCI% * Shares of Subs * share price

    Therefore:

    20% * 200 (as 1$ is each share) *1 = 40

    So the NCI @ ACQ is 40

    Rather than the 200 which is given as the FV of equity shares acquired.

    Let me know please

    January 14, 2021 at 8:12 pm #605860
    P2-D2
    Keymaster
    • Topics: 4
    • Replies: 4896
    • ☆☆☆☆☆

    Hi,

    When using the fair value method you are correct in stating that we use the share price, but you have used the par value of $1 and not the market value. We are not given the market value per share but we are given the total fair value of the 20% NCI, hence why that has been used in the answer.

    Thanks

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