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notes F7 eg2 Viktorija acquired Natalija

Forums › Ask ACCA Tutor Forums › Ask the Tutor ACCA FR Exams › notes F7 eg2 Viktorija acquired Natalija

  • This topic has 5 replies, 2 voices, and was last updated 10 years ago by MikeLittle.
Viewing 6 posts - 1 through 6 (of 6 total)
  • Author
    Posts
  • September 10, 2014 at 7:23 am #194479
    pagermm
    Member
    • Topics: 13
    • Replies: 13
    • ☆

    Dear Mike,

    step 1:
    The entities had proposed dividends of $ 30,000 and $ 20,000 respectively.
    Rev 90+100-30 160
    Cos 32+40-30+2.7 44.7
    PBT 115.3
    tax 20+18 38
    =77.3

    77.3
    ( 30)
    ———–
    47.3
    NCI 15.72
    = 31.58

    prove w3 V N

    per Q 50 42
    Pup (2.7)
    39.3
    Div Pay (30) (20)
    20 19.3
    60%
    11.58
    ———–
    31.58

    My question is for V,why at this calculation we don’t include dividend receivable 20* 60% ?

    Because in example 1 ausra, you did W3 cons ret earning, you include div rble in holding company.

    but if we calculate it include div rble, in example 2, then the figure is not 31.58, not match step 1 result anymore.

    September 10, 2014 at 7:39 am #194487
    MikeLittle
    Keymaster
    • Topics: 27
    • Replies: 23309
    • ☆☆☆☆☆

    Hi pagermm

    Look at the Viktorija statement of profit or loss.

    What’s the fourth figure in that column?

    Does that answer your question?

    🙂

    Now, your turn to tell me something!

    Why is your post headed “notes P7 eg2 Viktorija acquired Natalija” when it clearly is not a P7 Advanced Auditing and Assurance question?

    Next, why is it posted in the “P2 Ask the Tutor” page when it should be in F7?

    🙂

    September 10, 2014 at 7:47 am #194488
    pagermm
    Member
    • Topics: 13
    • Replies: 13
    • ☆

    Dear Mike,

    Sorry, still not get it. you mean V 50-30 (divdend paid out)=20

    I think 20 should add div rec ( come from N) 20 * 0.6=12

    in that case 32+60% * 19.3=43.58 not 31.58

    I mean it is in your p2 notes Page 7. But it is F7 content, recap for P2. 🙂

    September 10, 2014 at 9:56 am #194502
    MikeLittle
    Keymaster
    • Topics: 27
    • Replies: 23309
    • ☆☆☆☆☆

    Pagermm, I’m looking at page 7 of the P2 course notes and I notice that, in the Viktorija column of the statements of profit or loss is an amount called:

    “Dividend from subsidiary $12,000”

    Now, do you think that that Dividend from Subsidiary $12,000 could be the very same 60% x $20,000 (= $12,000) dividend that Viktorija would receive from Natalija

    Please let me know that you’re now happy with this

    September 10, 2014 at 10:40 am #194510
    pagermm
    Member
    • Topics: 13
    • Replies: 13
    • ☆

    Thank you very much. 🙂

    September 10, 2014 at 11:01 am #194512
    MikeLittle
    Keymaster
    • Topics: 27
    • Replies: 23309
    • ☆☆☆☆☆

    Whew! Glad you got there!

    🙂

  • Author
    Posts
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