• Skip to primary navigation
  • Skip to main content
  • Skip to primary sidebar
Free ACCA & CIMA online courses from OpenTuition

Free ACCA & CIMA online courses from OpenTuition

Free Notes, Lectures, Tests and Forums for ACCA and CIMA exams

  • ACCA
  • CIMA
  • FIA
  • OBU
  • Books
  • Forums
  • Search
  • Register
  • Login
  • ACCA Forums
  • Ask ACCA Tutor
  • CIMA Forums
  • Ask CIMA Tutor
  • FIA
  • OBU
  • Buy/Sell Books
  • All Forums
  • Latest Topics

New! BPP Books for ACCA September 2022 Exams are now available, get your discount code >>

Paper co qstn conso examinor report Dec 2018

Forums › Ask ACCA Tutor Forums › Ask the Tutor ACCA FR Exams › Paper co qstn conso examinor report Dec 2018

  • This topic has 1 reply, 2 voices, and was last updated 1 year ago by P2-D2.
Viewing 2 posts - 1 through 2 (of 2 total)
  • Author
    Posts
  • March 3, 2021 at 10:40 am #612975
    cadhakan
    • Topics: 71
    • Replies: 123
    • ☆☆

    Hi sir,

    I have doubt in this question where the answer is c ( increase 20000) why??

    For me I selected answer d(decrease by 20000)

    Bcz fv < bv = adj (-)
    Dep (+)

    So in net assets at acstn column

    I have -20000 figure but I don’t know I m right or wrong can you please explain me.

    March 6, 2021 at 8:52 am #613710
    P2-D2
    Keymaster
    • Topics: 4
    • Replies: 6115
    • ☆☆☆☆☆

    Hi,

    The fair value adjustment is in relation to a LIABILITY. It is not in relation to your standard FV adjustment for an item of PPE. When the value of a liability is included at fair value then the net assets will decrease and so the goodwill will therefore increase as we are deducting a lower value of net assets following the FV adjustment.

    Thanks

  • Author
    Posts
Viewing 2 posts - 1 through 2 (of 2 total)
  • You must be logged in to reply to this topic.
Log In

Primary Sidebar

Donate

If you have benefited from OpenTuition please donate.

Specially for OpenTuition students

20% off BPP Books

Get BPP Discount Code

Latest comments

  • Manuga on ACCA AB Chapter 16 – How an individual can develop – Questions
  • Manuga on ACCA AB Chapter 16 – How an individual can develop – Questions
  • John Moffat on Discounted Cash Flow Further Aspects, Lease versus Buy – ACCA Financial Management (FM)
  • John Moffat on Accounting for Management – ACCA Management Accounting (MA)
  • ngtuanthungoc on FA Chapter 4 Questions Accruals and Prepayments

Copyright © 2022 · Support · Contact · Advertising · OpenLicense · About · Sitemap · Comments · Log in


We use cookies to show you relevant advertising, find out more: Privacy Policy · Cookie Policy