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Grange – BPP kit

Forums › Ask ACCA Tutor Forums › Ask the Tutor ACCA SBR Exams › Grange – BPP kit

  • This topic has 1 reply, 2 voices, and was last updated 13 years ago by MikeLittle.
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  • November 28, 2011 at 11:01 pm #50765
    jennychewlh
    Member
    • Topics: 2
    • Replies: 2
    • ☆

    Dear Sir,

    The PAP under Retain Earning is only calculated based on the initial 60% owned on Park instead of 80% after the partial acquisition of another 20% from NCI which was done exactly at year end date. Am I correct to account for that?

    Thanks in advance

    November 29, 2011 at 4:36 pm #90355
    MikeLittle
    Keymaster
    • Topics: 27
    • Replies: 23327
    • ☆☆☆☆☆

    If only acquired as at the year end, then there are no post-acquisition profits related to the 80%.

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