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sir,
generally when we do the retained earnings pre acq area we take dwn the fig of retained earnings and the F.V adjustments of the same but when we get a negative post acq result taking the figure do we not take the fair value adjustments figure down cos a question in bpp did it that way and am really confused as to what to do..??I believe you … you are confused! What’s the name of the question? And what page number in the BPP text?
Pedantic question of page number 35 of revision kit BPP and even the 120th and 121st question of Highveldth and Paradigm respectively that is there consecutively where the pre acq figures are not even taken into consideration ..
Here are two links to my recorded answers to Pedantic and Paradigm
Watch these and then see if your question still makes sense
https://opentuition.com/acca/f7/acca-f7-december-2008-question-1-pedantic/
https://opentuition.com/acca/f7/acca-f7-june-2013-question-1-paradigm/
OK?
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