Why you have deducted the 84000 profit from 1,620,000 to calculate the nci share of increase in Sub net assets post acquisition ? 84000 is already included in the retained earnings of that year isn't it ?
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SBRP2 Example 2 Sergijus and Indra . P.NO 29
@raghavkhurana said: Why you have deducted the 84000 profit from 1,620,000 to calculate the nci share of increase in Sub net assets post acquisition ? 84000 is already included in the retained earnings of that year isn't it ?What Question - where this came from? From your quote - there are pre & post acquisition profit. The examiner are only interested in profit made related to the period; therefore, take pre from post profit to arrive at the figure to be use to calculate NCI The result MUST be shared as per percentage of allocation - 60:40 example
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