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@odean20 said:
Its 3k creditgot that as well, debit 3k to provision and credit 3k to p/l was it?
i guess its 1326
its lower of cost or nrv
standaed with cost
super with sp less commisionIn single company i was facing problem with right share issue and convertible loan notes issue. This was related with Suspense accounts. I couldn’t solve this problem. pls anyone share how did you solve this adjustment in the exam.
i think it was okay for Question 1 i took $4000 as goodwill id calculated at aquisition and not at year end.
And for sales from subsidiary to parent i use $1000 as we have to eliminates intra group balance.. Depreciation is 2400/2 years by 9/12.
I had never see such question before and it was very confusing$1000 is for one month, we have to multiply by 9 months, consideriting 9000$ post acquisition sale.
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@maniji said:
$1000 is for one month, we have to multiply by 9 months, consideriting 9000$ post acquisition sale.Do you think the pre-acquisition sale was a distractor? I felt it was since the companies were not related at the time. I stated that I ignored this cos there was no relationship.
it was too hard i didnt get much time to concetrate on the mcq,i expected consolidation in 30 mark question but any way i will make it through.
concerning the valuation of closing inventory, i would like to know the official answer, because for me on both cases, the nrv was lower than the cost and upon applying to the number of units, the answer was not there
only suplex line of inventory require commission not the other one so the answer is some how 1365 like that which is D
the previous sales between the parent and subsidiary before acquisition are not intragroup transactions , the intragroup transactions were just the transactions for the 9 months post acquisition (9 * 1000)
What about Excess Depriciation for the Fairvalue of the Asset i think its 2400/2*9/12 = 900 but i add only Group share in the cost of Sale of NCI percent of share in NCI calculation. I think full depricaition should have been added in cost of sale.
Hi all.
Any ideas about blue pen? I wrote the whole exam with blue pen. Is this a serious problem? Had anyone experienced this problem before?
I am very frustrated…((((That was the last worst thing you will do in ACCA exam, by writing it with Blue pen
i actually got the same bcoz i thought putting share capital again was a double counting but any way the paper………………..
Am pretty sure i need one too for March. That paper was one of a kind.Spent most of my time trying to figure out the lease and convetable loan.Will have to do my revenge in March.
marks available like this
recievble 0.5marks
payable 0.5 marks
revenue 0.5 marks
cost of sale 2 marks
non current asst 1mark for each
current asset 0.5 mark for each
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