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Forums › Ask ACCA Tutor Forums › Ask the Tutor ACCA FR Exams › Dec 2013 polestar
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?
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
ok Sir thanks
You’re welcome