Dec 2013 Nubo

This topic has 5 replies, 3 voices, and was last updated 11 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: 54859
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: 54859
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: 54859
You are welcome 🙂
Author

Posts

Viewing 6 posts - 1 through 6 (of 6 total)

You must be logged in to reply to this topic.