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December 2009 Question 1

Forums › Ask ACCA Tutor Forums › Ask the Tutor ACCA SBR Exams › December 2009 Question 1

  • This topic has 3 replies, 2 voices, and was last updated 13 years ago by MikeLittle.
Viewing 4 posts - 1 through 4 (of 4 total)
  • Author
    Posts
  • December 5, 2011 at 2:32 pm #50902
    pinkz
    Member
    • Topics: 1
    • Replies: 1
    • ☆

    Hi,

    I have been through the answer to Q1 Dec 2009 and am struggling to understand where the ‘other side’ of a transaction is. When the Group acquires a further 20% of the shares of Park for $90, the NCI received is valued at $86.2, meaning there is a loss of $3.8 to go to group equity. The NCI is therefore reduced by $86.2, and the Other equity reduced by $3.8, but where/how does the other side of the $90 make itself known in the Balance Sheet?

    Thanks

    Iain

    December 6, 2011 at 11:27 am #90585
    MikeLittle
    Keymaster
    • Topics: 27
    • Replies: 23327
    • ☆☆☆☆☆

    Without knowing the question by heart, is the entry not dealt with by a transfer from parent’s equity to the nci of $3.8, followed by a reduction of the nci by a payment of $90?

    I hope so!

    Good luck next Tuesday

    December 15, 2011 at 2:27 pm #90586
    pinkz
    Member
    • Topics: 1
    • Replies: 1
    • ☆

    Sorry for late reply. Thanks Mike. I hope I did enough to pass. I thought the paper wasn’t too bad all in all.

    December 18, 2011 at 8:15 am #90587
    MikeLittle
    Keymaster
    • Topics: 27
    • Replies: 23327
    • ☆☆☆☆☆

    Good, let’s hope you scored the magic 50!

  • Author
    Posts
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