Skip to content
Sign inRegister

Ask the Tutor ACCA FR

Dec 2013 polestar

Jjosy8710y ago
Financial asset: equity investments (16,000 – (13,500 cash consideration) – 200 loss) 2,300 Sir why the cash consideration of 13500 is reduce from the equity investment?
MikeLittleMikeLittleTutor10y ago#1
It shouldn't have been debited to financial assets;0: equity investments. It should, in fact, have been debited to a Cost of Control account (normally called the Goodwill working in exam answers) If you look at working iii in the printed solutions, you'll find the 13,500 there
Jjosy8710y ago#2
ok Sir thanks
MikeLittleMikeLittleTutor10y ago#3
You're welcome
Sign in to reply to this topic.