Forums › Ask ACCA Tutor Forums › Ask the Tutor ACCA SBR Exams › march/ June 2019 carbide question one part C ii
- This topic has 5 replies, 2 voices, and was last updated 3 years ago by Stephen Widberg.
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- May 27, 2020 at 11:15 pm #571992
hint: complete disposal of share
in part c. i) gain or loss is calculated by comparing the consideration recieved with net assets goodwill and NCI but in part ii examiner said the amount of goodwill that is deducted from consideration exclude NCI share.
please guide if NCI is at FV and all share are dispose off, do we need to deduct NCI share of goodwill in calculating profit and loss on disposal.
May 28, 2020 at 4:50 pm #572104Normal calculation as per our course notes except that XD are recycled to P&L
Section 3 Chapter 6
Don’t forget to use my debrief lecture on this exam
May 29, 2020 at 12:58 am #572167Hi sir thanks a lot for your kind response
I listened to the lectures again and also your debrief but I am still confused on this one point mentioned by examiner.
“In effect, the proceeds are compared to the net assets and unimpaired goodwill not attributable to the non-controlling interest at the disposal date.”
what is this “unimpaired goodwill not attributable to the non-controlling interest”.
as examiner is taking 102 in his calculation which does include NCI share of goodwill as NCI is measured at fair value.May 29, 2020 at 4:16 pm #572232I think it’s another way of saying:
Proceeds minus
Net assets plus goodwill minus NCI
May 30, 2020 at 12:40 am #572256yup I think you are right. thank you sir you are great.
May 30, 2020 at 12:04 pm #572355My pleasure
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