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Control To Control Step Acq

Forums › Ask ACCA Tutor Forums › Ask the Tutor ACCA SBR Exams › Control To Control Step Acq

  • This topic has 1 reply, 2 voices, and was last updated 9 years ago by MikeLittle.
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  • November 30, 2015 at 12:23 pm #286408
    k0006825
    Member
    • Topics: 7
    • Replies: 2
    • ☆

    Hi Mike,

    i am struggling with how to post this issue in a cashflow statement..

    Control to control – 80% to 90% with cash consideration of £11m…. Now i have included this as an outflow under investing activities….

    Its the next part which i struggle with…”At the date of the share purchase, the non-controlling interest in Beige had a carrying amount of $13 million. Adjustments to equity attributable to the group have been recorded in ‘other components of equity’”

    I am unsure as to what i am required to do? If you could point me in the right direction what would be a great help…

    November 30, 2015 at 9:01 pm #286559
    MikeLittle
    Keymaster
    • Topics: 27
    • Replies: 23333
    • ☆☆☆☆☆

    Is it not just an outflow of $11 million in investing activities?

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