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Mini Exercise Qu 2

Forums › Ask ACCA Tutor Forums › Ask the Tutor ACCA FR Exams › Mini Exercise Qu 2

  • This topic has 3 replies, 2 voices, and was last updated 8 years ago by MikeLittle.
Viewing 4 posts - 1 through 4 (of 4 total)
  • Author
    Posts
  • November 16, 2016 at 4:30 pm #349296
    Tyler
    Member
    • Topics: 7
    • Replies: 27
    • ☆

    Hello Sir,

    Can you please help me solve question 2 for the cost of sales part on page 203?

    The first and third question are very easy. I’,m stuck on the 2nd one. Thx

    November 16, 2016 at 8:37 pm #349367
    MikeLittle
    Keymaster
    • Topics: 27
    • Replies: 23334
    • ☆☆☆☆☆

    You need to go back to basic algebra from first year senior school

    Here’s a hint:

    Let the opening inventory figure be ‘x’

    and then go from there

    If you still can’t manage it, post again

    November 18, 2016 at 9:07 am #349772
    Tyler
    Member
    • Topics: 7
    • Replies: 27
    • ☆

    Solved it sir, Thanks. I’m having another confusion, in chapter 7 example 6, it says goodwill attributable to the nci was 5000$. Why does the calculation of goodwill in that example vary from the printed answer for the calculation of goodwill impairment in the mini exercise question 2 part(c)? Which way should we do it when he says g/will attributable to nci was $x amount? Thanks

    November 18, 2016 at 2:08 pm #349803
    MikeLittle
    Keymaster
    • Topics: 27
    • Replies: 23334
    • ☆☆☆☆☆

    Is the nci in example 2 calculated on a proportional basis?

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    Posts
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