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Hi Mike, there is currently a question under the lecture https://opentuition.com/acca/p2/acca-p2-chapter-4-changes-in-the-composition-of-a-group-example-4/ in which I have come across the lecture again and been baffled again. Any advice? Thanks.
No, no advice, sorry. I cannot advise when I don’t know the cause of your confusion 🙁
In the Raimonda Dainius question when disposing of the subsid (who becomes an associate) you have included the gain in group disposal in consolidated retained earnings, however in the earlier example you used gain in parent, not in group. I thought it would be parent but using that I can’t balance it. Sorry should have just asked the question here in the first place instead of linking to the lecture with the question in the comments. Thanks. Paul.
Hi
I’m sure there’s a simple explanation but my head’s spinning from just looking at it! I have the feeling that it’s because in the previous example the entire investment was sold so W3 carried forward was simply the parent’s retained earnings.
It’s not going to make any difference for you tomorrow but I will look at it and sort it out for next time
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