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Dec 2013 Nubo

Forums › Ask ACCA Tutor Forums › Ask the Tutor ACCA AFM Exams › Dec 2013 Nubo

  • This topic has 5 replies, 3 voices, and was last updated 10 years ago by John Moffat.
Viewing 6 posts - 1 through 6 (of 6 total)
  • Author
    Posts
  • November 7, 2014 at 5:38 pm #208271
    stacie395
    Participant
    • Topics: 39
    • Replies: 54
    • ☆☆

    May i know how come to calculate the sale of supermarkets division as a going concern we just take the profit after tax divided by two…?

    Thanks…

    November 7, 2014 at 7:02 pm #208311
    John Moffat
    Keymaster
    • Topics: 57
    • Replies: 54721
    • ☆☆☆☆☆

    The question tells you to!!!!

    Read the second sentence after the extracts from the recent financial statements.

    November 10, 2014 at 3:24 am #208717
    amelia85
    Member
    • Topics: 34
    • Replies: 53
    • ☆☆

    I have a question on this: sale of assets separately 550 (NCA) and 122 (CA) is reflected in the Financial statement is this amount realisable value or? And when we sell this assets is Nubo co. still operating as a going concern company?

    November 10, 2014 at 10:00 am #208763
    John Moffat
    Keymaster
    • Topics: 57
    • Replies: 54721
    • ☆☆☆☆☆

    Values in the SOFP are never realisable values – they are book values.
    The question tells you that the realisable values are 110% and 80% of the book values.

    There is no reason why Nubo should not continue as a going concern.

    November 11, 2014 at 4:50 am #208945
    amelia85
    Member
    • Topics: 34
    • Replies: 53
    • ☆☆

    ok thanks sir

    November 11, 2014 at 9:12 am #209021
    John Moffat
    Keymaster
    • Topics: 57
    • Replies: 54721
    • ☆☆☆☆☆

    You are welcome 🙂

  • Author
    Posts
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