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Mike,
where can we find the answers to the practice questions please?
the first question from the consolidated statement of financial position has confused me, Flue plc and Prey’s plc and I am pretty sure its the unrolling of the discount where I am going wrong.
4m shares at date of acquisition with a MV $2.6 so $10400 x 30% plus post acq retained earnings comes to $3144 the answer is $3114.
I can only assume I am unrolling the discount incorrectly.
Regards
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