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June 2011 Rose Foreign Sub

This topic has 2 replies, 3 voices, and was last updated 10 years ago by MikeLittle.

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June 9, 2014 at 6:50 pm #175519
Avish
Member
- Topics: 7
- Replies: 6
Hi,
Could anyone please tell me how did the examiner obtained the:
cost of investment in Stem of 276 Dinars in the goodwill calculation.
Thank you very much for anyone instant response
June 10, 2014 at 12:06 am #175584
Anonymous
Inactive
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- Replies: 6
Look at the question Rose’s investment in Stem is $46 and the exchange rate is dinars 6 for 1$. Therefore cost of investment in stem is 46*6=276 dinars
June 10, 2014 at 6:03 am #175603
MikeLittle
Keymaster
- Topics: 27
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Hmmm! 46 * 6. That seems altogether too simple!
But nevertheless, that’s how the examiner arrived at his figure of $276
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