100% satisfaction guarantee Immediately available after payment Both online and in PDF No strings attached
logo-home
Previously searched by you
Previously searched by you
logo
CAS3701 CASE STUDY 4 - 2023 (845060) $2.84   Add to cart
Quickly navigate to
Preview
  2.  
  3. University Of South Africa (Unisa)
  4.  
  5. Capstone in Accounting Sciences (CAS3701)

Other

CAS3701 CASE STUDY 4 - 2023 (845060)
 60 views  6 purchases
  • Course
  • Capstone in Accounting Sciences (CAS3701)
  • Institution
  • University Of South Africa (Unisa)

CAS3701 CASE STUDY 4 - 2023 ASSESSMENT CLOSING DATE: 29 SEPTEMBER 2023 GOODWILL CALCULATION: Please review the trainee’s calculation above and provide me with comments and corrections (where necessary). Please do not re-perform the calculation.

Preview 2 out of 23  pages

Document information

  • September 27, 2023
  • 23
  • 2023/2024
  • Other
  • Unknown

Subjects

  • cas3701 case study

Written for

  • University of South Africa (Unisa)
  • Capstone in Accounting Sciences (CAS3701)
All documents for this subject (113)

Seller

avatar-seller
Masters

Reviews received

Content preview

CAS3701 CASE STUDY 4
SEMESTER 2 - 2023
UNIQUE NUMBER: 845060


DUE DATE: 29 SEPTEMBER 2023

, CASE STUDY 4

UNIQUE NUMBER: 845060

CLOSING DATE: 29 SEPTEMBER 2023

MARKS: 20



1. GOODWILL CALCULATION:

Please review the trainee’s calculation above and provide me with comments and
corrections (where necessary). Please do not re-perform the calculation.

Email 2 of 3:

Subject: Re: Solar Limited



Dear Lucas,

I hope this email finds you well. I have reviewed the trainee's calculation of goodwill at the
acquisition of Solar Ltd, and I would like to provide some comments and corrections as
follows:


Issue 1: Deferred Tax Rate Calculation

 Issue: The deferred tax on the revaluation of land and inventory should be calculated
at 27%, not 28%. (The South African National Treasury announced on 23 February
2022 that the corporate tax rate is reduced from 28% to 27% for years of assessment
that end on or after 31 March 2023).

 Explanation: The issue here is that the trainee used a tax rate of 28% for calculating
the deferred tax, while the correct rate should be 27% based on the announcement
by the South African National Treasury.

 Recommendation for Improvement: To address this issue, the correct corporate tax
rate of 27% should be applied when calculating the deferred tax on the revaluation
of land and inventory. This ensures compliance with the updated tax rate and
accurate financial reporting.




1

The benefits of buying summaries with Stuvia:

Guaranteed quality through customer reviews

Guaranteed quality through customer reviews

Stuvia customers have reviewed more than 700,000 summaries. This how you know that you are buying the best documents.

Quick and easy check-out

Quick and easy check-out

You can quickly pay through credit card or Stuvia-credit for the summaries. There is no membership needed.

Focus on what matters

Focus on what matters

Your fellow students write the study notes themselves, which is why the documents are always reliable and up-to-date. This ensures you quickly get to the core!

Frequently asked questions

What do I get when I buy this document?

You get a PDF, available immediately after your purchase. The purchased document is accessible anytime, anywhere and indefinitely through your profile.

Satisfaction guarantee: how does it work?

Our satisfaction guarantee ensures that you always find a study document that suits you well. You fill out a form, and our customer service team takes care of the rest.

Who am I buying these notes from?

Stuvia is a marketplace, so you are not buying this document from us, but from seller Masters. Stuvia facilitates payment to the seller.

Will I be stuck with a subscription?

No, you only buy these notes for $2.84. You're not tied to anything after your purchase.

Can Stuvia be trusted?

4.6 stars on Google & Trustpilot (+1000 reviews)

72042 documents were sold in the last 30 days

Founded in 2010, the go-to place to buy study notes for 14 years now

Start selling

Recently viewed by you

Exam (elaborations) ·

(0)

ati-funds-assessment-proctor.

$2.84  6x  sold
  • (0)
  Add to cart