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If it is said that a person sells goods for 20000 and nothing is mentioned in the question about whether it is a cash or credit transaction what should we do
during 2015 the company made a bonus issue of 1 share for every two held, using the share premium a/c for the purpose and later issued for cash another 60000 shares at 80 cents per share
What do you mean by thisBob acquired 80% of the voting equity shares of Bill. Bill had the following equity at the date of acquisition:
$
Ordinary shares $1 1,000,000
Retained earnings 800,000
The cost of the investment was $1,500,000 and the fair value of the non-controlling interest at acquisition was
$360,000how do you answer such a question
You must watch my free lectures because the topics being tested in both of your questions are covered in detail in my lectures – you cannot expect me to type out all of my lectures here 🙂
There is no point in attempting questions until you have studied the relevant topics!The lectures are a complete free course for Paper F3 and cover everything needed to be able to pass the exam well.
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