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Sept/Dec 15 Exam Q.Palister

Forums › Ask ACCA Tutor Forums › Ask the Tutor ACCA FR Exams › Sept/Dec 15 Exam Q.Palister

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  • March 4, 2017 at 6:46 pm #375588
    mks2016
    Member
    • Topics: 19
    • Replies: 10
    • ☆

    Hi,

    In the goodwill working the FV adjustments for investments is $1000, how did they arrive at that figure? I had $7000 in my answer.

    Thanks,

    March 4, 2017 at 6:54 pm #375592
    MikeLittle
    Keymaster
    • Topics: 27
    • Replies: 23327
    • ☆☆☆☆☆

    Is it because those investments with a fair value of $7,000 were in the Stretcher statement of financial position already at a value of $6,000?

    So only the difference is a fair value adjustment?

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