the fair value of acquisition for minority interest. it was $7 ***.... it wouldn't make sense for the fair value to be less than the ordinary shares + retained earnings. so i assumed it to be as 7 *** 000. @@;;;;
i think there was a mistake.
i spent 1 hour 23 minutes on that math because i was calculating it both ways (considering the given fair value amount to be right and wrong)
in the end my balance sheet matched when i assumed the fair value amount to be $7***000
i could match my consolidation and cash flow statement. but in the cashflow statement i had to make too much corrections. hope there's no penalty for that! :|
vegapunk : I too experienced the same problem. And my friends whose balance sheet could tally, "added" 3 zeros behind too. Hopefully acca will take notice of this.
T6 December 2009
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