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Forums › Ask ACCA Tutor Forums › Ask the Tutor ACCA SBR Exams › June 2011 Rose Foreign Sub
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
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
Hmmm! 46 * 6. That seems altogether too simple!
But nevertheless, that’s how the examiner arrived at his figure of $276