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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 4 years ago by P2-D2.
Viewing 2 posts - 1 through 2 (of 2 total)
  • Author
    Posts
  • March 3, 2021 at 10:40 am #612975
    cadhakan
    Participant
    • 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: 7171
    • ☆☆☆☆☆

    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

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