dec 08 dfs

Tamara

hey guys im doing the dec08 paper,and i always get stuck at this bit.task 1.3 attributable to holding company the fig of £8,000 seem to have worked all else except this.any help please will b appreciated.

Londina

Tamara wrote: »

hey guys im doing the dec08 paper,and i always get stuck at this bit.task 1.3 attributable to holding company the fig of £8,000 seem to have worked all else except this.any help please will b appreciated.

there is no 8000£ in the solution, which amount do you mean?

block15

The £8000 that is 66% of the Share Capitial ?

Londina

and what about? what is the problem?

Flipflop

Just had the same problem, all my answers were wrong due to % being incorrect, no idea what % they used! No idea?? I always do amount of shares bought divided by the amount of shares owned by subsidiary but this was weird???

Londina

From Chief Assessor:

Task 1.3
This task involved preparing a consolidated balance sheet using the pro-forma in accordance with IAS 1. This task was, in general, very well done, though the fact that ownership was based on the parent having 2/3 of the voting shares led to many different variations being given in the answers (66%,67%, 66.66%, and so on). All these variations were given full credit. I

every rounding is fine!:thumbup1:

Flipflop

Thank goodness, starting to freeeeeeeaaaak!

Tamara

dfs 08

thank heavens for that i also thought i was going looney finally got it.thanx.good luck 2moro if u guys r doing dfs....:thumbup: