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past paper 2008 Dec question 1

Forums › Ask ACCA Tutor Forums › Ask the Tutor ACCA FR Exams › past paper 2008 Dec question 1

  • This topic has 1 reply, 2 voices, and was last updated 12 years ago by admin.
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  • December 3, 2012 at 8:44 am #56090
    sj626
    Member
    • Topics: 5
    • Replies: 6
    • ☆

    Dear Tutor,
    When calculte the posted Sophistic’s Retain earning,why don’t consider the Fair value adjustment $2M (fair value excess),
    my answer is=3000*6/12+2,000fair value excess-(800URP+200 depreciation)? where is my answer wrong.
    and I think the paper answer missing the both “other comprehensive “item in income statement and “surplus reverse in statement of fiancial position. do i understand right?
    Looking forward your answer.

    December 3, 2012 at 8:56 am #109505
    admin
    Member
    • Topics: 249
    • Replies: 731
    • ☆☆☆☆

    did you watch this lecture?
    https://opentuition.com/acca/f7/acca-f7-december-2008-question-1-pedantic/

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