Post Reply 
 
Thread Rating:
  • 0 Votes - 0 Average
  • 1
  • 2
  • 3
  • 4
  • 5
looking for help on IAS-18 (new question)
12-17-2009, 01:55 PM
Post: #1
looking for help on IAS-18 (new question)
i)Entity A owns a hotel resort located on one of the islands in
the Bahamas with a population of some 10,000 people. The resort includes a joy-land park, housed in a separate building that is part of the premises of the entire hotel resort. its patrons would be largely limited to tourists and non-resident visitors only.

ii)The owner operates the hotel and other facilites on the hotel resort, with the exception of the joy-land park, which can be sold or leased out under a finance lease. The casino will be leased to
an independent operator. Entity A has no further involvement in it.
The joy-land park operator will not be prepared to operate it without the existence of the hotel and othe facilities.
REQUIRED-
HOW MANAGEMENT SHOULD TREAT THE HOTEL AND JOY-LAND PARK IN ITS
FINANCIAL STATEMENT, DISCUSS ALSO THE PROVISIONS OF APPLICABLE
STANDARD? (marks 05)
Visit this user's website Find all posts by this user
Quote this message in a reply
Post Reply 


Forum Jump:


User(s) browsing this thread: 1 Guest(s)