D'14 – Plastik

This topic has 5 replies, 2 voices, and was last updated 10 years ago by MikeLittle.

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December 7, 2015 at 2:19 pm #288499
cara12
Participant
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Hello,

In the BPP exam kit, in the GRE workings, the impairment of Goodwill is deducted at full amount from Subtrak. Why is it not deducted at 80% from the total GRE?

Thank you

Cara
December 7, 2015 at 2:24 pm #288504
MikeLittle
Keymaster
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It’s deducted in full but then allocated (if nci is valued on a full, fair value basis. If nci is proportional, then no allocation)
December 7, 2015 at 2:27 pm #288509
cara12
Participant
- Topics: 21
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NCI is valued at fair value but impairment is not deducted from it, why?
December 7, 2015 at 2:41 pm #288510
MikeLittle
Keymaster
- Topics: 27
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Have you reconciled the value of the nci on the statement of financial position?

Value at date of acquisition + share of S post-acquisition retained – nci share of goodwill impairment?
December 7, 2015 at 2:50 pm #288517
cara12
Participant
- Topics: 21
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Yes I got the answer, thank you. I had omitted share of property revaluation gain
December 7, 2015 at 2:55 pm #288524
MikeLittle
Keymaster
- Topics: 27
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Ah!

All sorted now though, so that’s good news
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