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December 2010 qn on premier

Forums › Ask ACCA Tutor Forums › Ask the Tutor ACCA FR Exams › December 2010 qn on premier

  • This topic has 1 reply, 2 voices, and was last updated 8 years ago by MikeLittle.
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  • May 28, 2016 at 4:37 am #317610
    Anuja Nair
    Member
    • Topics: 365
    • Replies: 353
    • ☆☆☆☆

    Regarding transaction (iv)

    For the investment under consolidated SOFP, it shows 1800-800 +300 = 1300

    Why do we have to minus 800 and add 300 ? Could you explain this calculation to me ?

    May 28, 2016 at 8:09 am #317648
    MikeLittle
    Keymaster
    • Topics: 27
    • Replies: 23303
    • ☆☆☆☆☆

    4,000 shares in Sanford acquired, the issue of a $100 6% loan note for every 500 shares acquired in Sanford – what aggregate value are the 6% loan notes issued?

    “the issue of the loan notes has been recorded” – where do you think Premier could have recorded the issue of these loan notes?

    OK?

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