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When Hever acquired its shares in spiro, the fair value spiro net asset equaled the BV. except:PPE was 50,000 higher,inventory 20000 lower?

Value Based Selling Asset Disposition Asset Protection Consolidation Inventory Management
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Question added by BENJAMIN ONUH ALI , REGIONAL ACCOUNTANT , BISWAL LTD
Date Posted: 2015/10/09
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Mohsin Raza
by Mohsin Raza , Project Coordinator , Engro Foods Limited

PPE increase the value of Net asset as well as increase the value of asset.

Reduce the value of Non controlling interest as well as Consolidate retain earning.

Inventory should be recorded lower off NRV OR Cost

If the inventory value is lower0 the should be reduce in Closing inventory as well as increase the cost of sale

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