hello Sir,
Can you plz explain the following two parts relating to note ( c ) and note d respectively
"THE recoverable amount of net assets of park include the cost of park'sinvestment in caller
in answer to part b of the question when calculating the imapirment using fair value approach,the solution separates out this amount from the total recoverable amount .
i do not get that ...
secondly plz explain me the entries there made for financial assets and p/l ..i am totally confused
overall 1.25 is being charge to p/L being less than what we accounted for and same is deducted from finacial asset ?
and i do not understand the two entries separately ...
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11y ago#1Hi
It's probably me being stupid, but I can't see anywhere, in either the question or the answer, the quotes that you have posted.
I can't even find a note (d)!!!
Are you sure that you have the reference correct?
Sorry Sir i just noticed the difference of information in bpp kit and past paper question on acca website.
for note b is " the recoverable amount of net asets of park was 2088 .this amount includes cost of parks investment in caller. There was no impairment of net assets of park before this date and any impairment loss has been determined relate to goodwill and ppe"
note c and note d are note 3 and note 4 in past paper.
but note c is slightly different in bpp kit which i have quoted above from bpp
apologies for inconvenience
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