mola Enterprises which prepares its financial statements to 31 December each year sified a disposal group as held for sale on 1 September 2010. The group was still Old on 31 December 2010. The carrying amounts of the disposal group's assets and lities are shown below; Goodwill Property, plant and equipment Inventories Financial assets Liabilities 1/9/2010 Tshs. 000' 4,800,000 10,320,000 2,040,000 3,600,000 (2,160,000) 31/12/2010 Tshs. 000' 4,560,000 9,360,000 1,920,000 4,200,000 (2,160,000) as further revealed that the fair value less costs to sell of the disposal group was 19.2 billion and Tshs. 18.0 billion at 1 September 2010 and 31 December 2010 ctively.

mola Enterprises which prepares its financial statements to 31 December each year sified a disposal group as held for sale on 1 September 2010. The group was still Old on 31 December 2010. The carrying amounts of the disposal group's assets and lities are shown below; Goodwill Property, plant and equipment Inventories Financial assets Liabilities 1/9/2010 Tshs. 000' 4,800,000 10,320,000 2,040,000 3,600,000 (2,160,000) 31/12/2010 Tshs. 000' 4,560,000 9,360,000 1,920,000 4,200,000 (2,160,000) as further revealed that the fair value less costs to sell of the disposal group was 19.2 billion and Tshs. 18.0 billion at 1 September 2010 and 31 December 2010 ctively.

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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