Sept/Dec 15 Exam Q.Palister

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March 4, 2017 at 6:46 pm #375588
mks2016
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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
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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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