June 2010 - Income statement

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November 25, 2013 at 8:55 am #147713
lsoltobaeva
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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?
November 27, 2013 at 6:23 am #147996
lsoltobaeva
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up
November 28, 2013 at 4:56 pm #148335
MikeLittle
Keymaster
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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
November 28, 2013 at 5:32 pm #148343
lsoltobaeva
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Thanks!

up…..
December 2, 2013 at 10:16 am #149010
MikeLittle
Keymaster
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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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