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https://www.accaglobal.com/content/dam/acca/global/PDF-students/2012/p2int_2010_jun_a.pdf
Please, explain me why at W1 in Other Comprehensive Income the following figures are positive:
– loss on bond
– revaluation adjustment (w6)
these should have been deducted but not added to income.misprint or am I missing smth here?
Hi Isoltobaeva
I’m working on it – you’re not forgotten – but please respond to this post so I can see that the issue is still outstanding.
Thanks
Hi again
I’m looking at the ACCA printed solutions and see in the Statement of Income a Finance Cost of 31.98 which is described in working 1 as Impairment of Bond (31.98) and, in arriving at that impairment, we have had to take into account an amount of .6 described as a reclassification of loss in equity
Now my head is spinning – I’m looking also at the Kaplan question and answer for Ashanti and the question is different when compared with the ACCA real exam.
Please tell me where you are looking – Kaplan or ACCA.
Then I’ll concentrate on the correct one!
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