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Dear Mike,
could you please show working for Cons RE for Plastik question from Past exam papers Dec 2014?
Thanks in advance
Retained earnings
Plastik (per question) 6,300
Finance costs on deferred consideration (1,800 x 10% x 9/12) ( 135)
PUP ( 120)
6,045
Subtrak post acq
9/12 x $2,000 1,500
less additional depreciation ( 100)post acq profit for Subtrak 1,400
Our share 80% x 1,400 = 1,120
7,165
less goodwill impairment (just our share) 80% x 500 ( 400)
6,765
Is that ok for you?
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