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question prodigal jun2011 past exam conslidate

Forums › Ask ACCA Tutor Forums › Ask the Tutor ACCA FR Exams › question prodigal jun2011 past exam conslidate

  • This topic has 5 replies, 3 voices, and was last updated 12 years ago by MikeLittle.
Viewing 6 posts - 1 through 6 (of 6 total)
  • Author
    Posts
  • May 30, 2013 at 4:42 pm #127810
    alryami2009
    Member
    • Topics: 53
    • Replies: 36
    • ☆☆

    in the answer to prepare profit and loss why 1000 gain and land revaqlution is taken as 1000 why not approte to 6 mont the same as investemnt in equeity we took 400 loss in sentinel as 6 month divided by 12 month ? also in caluclating retained earnings as per retained earning ( prodigal retaind ernings from thequestion is 90000 but in the answer its added with profit and sentunal retined ernings so i got confused total retained erning is 201600 could you please help

    also in caluclating non controlling interest why we should ad or adjuest rhe revulayion surplues and gain ? and when we should adjuest this ?

    May 31, 2013 at 11:35 am #127969
    MikeLittle
    Keymaster
    • Topics: 27
    • Replies: 23334
    • ☆☆☆☆☆

    Because the gain was post acquisition and not accruing over time whereas the loss was.

    I don’t understand your second question

    If the revaluation gain / loss is post acquisition, then the nci is entitled to their share

    June 2, 2013 at 4:40 pm #128281
    alryami2009
    Member
    • Topics: 53
    • Replies: 36
    • ☆☆

    the second quetion how we dreived the figer 201600 for retained eraning why in the exam kit bpp retained erning 90000 with 89900

    June 2, 2013 at 4:52 pm #128285
    MikeLittle
    Keymaster
    • Topics: 27
    • Replies: 23334
    • ☆☆☆☆☆

    I don’t have access to the question. Can you give me all the relevant information. In addition, can you make a bit of an effort to spell the words in your post somewhere closer to the accepted spelling. It took me some time before I worked out that “revaqlution” and “revulayion” were not only the same word but were both meant to read “revaluation”

    Hear from you soon!

    June 4, 2013 at 8:06 am #128800
    elsie2009
    Member
    • Topics: 34
    • Replies: 61
    • ☆☆

    Hi alryami2009

    The 90000 is the parents retained earnings pre acq, and the 89900 is the parents profits for the year in 2001.

    June 4, 2013 at 8:07 am #128801
    MikeLittle
    Keymaster
    • Topics: 27
    • Replies: 23334
    • ☆☆☆☆☆

    Thank you Elsie

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