Forums › Ask ACCA Tutor Forums › Ask the Tutor ACCA SBR Exams › is it pup?
- This topic has 4 replies, 2 voices, and was last updated 5 years ago by P2-D2.
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- May 18, 2019 at 2:29 pm #516343
Hello tutor
Hope you are doing fine..
I would like to ask a question regarding the example of step acquisition.
In the lecture of (step acqsn) the tutor has shown an example ( jeremmy and david)there is a gain of 12m and he said this goes into working number 5
shall we consider this as PUP ?
May 19, 2019 at 4:59 pm #516459no response ?
May 21, 2019 at 8:51 pm #516776@proticz said:
no response ?Hi,
You posted your query at 2.29 pm on a Saturday, the weekend. You are then asking for a response on the Sunday at 4.59pm, still the weekend. I like to enjoy my weekends with my family and if I get the chance then I will respond to forum questions and this weekend I didn’t as I was having far too much fun.
To answer your question, no it isn’t a PUP. Why would it be a PUP? PUPs only arise on the transfer of inventory between group members and there is no transfer here.
Thanks
May 22, 2019 at 2:01 pm #516863well I had no idea about that.
I hope you had a good time with your family.
we’ll need thatI wish my girlfriend understand this. You are very lucky.
coming back to the point.
well if it is not pup then can you please tell me where to show this gain of 12m ?May 24, 2019 at 7:50 pm #517214I’ms sure your girlfriend will understand once you’re qualified and start earning plenty of money as an accountant ?
It is a gain on the transfer of ownership between the group and the NCI, so is recognised through retained earnings.
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