december 2015 – cardale industrial metal co.-second questionForums › Ask ACCA Tutor Forums › Ask the Tutor ACCA PM Exams › december 2015 – cardale industrial metal co.-second questionThis topic has 3 replies, 2 voices, and was last updated 8 years ago by John Moffat.Viewing 4 posts - 1 through 4 (of 4 total)AuthorPosts June 6, 2016 at 7:39 pm #320040 vandananairMemberTopics: 8Replies: 9☆Sir,In part c) the examiner’s solution says that if an investment of $6.8 had not been made net assets would have been only 10.04 million. I did not get this answer though.I got 11440 as my answer. June 7, 2016 at 8:27 am #320181 John MoffatKeymasterTopics: 57Replies: 54472☆☆☆☆☆The net assets of N in the question = 14980+3260-1400 = 16840 If you remove the 6800 new investment then it is 16840 – 6800 = 10040 June 7, 2016 at 2:26 pm #320324 vandananairMemberTopics: 8Replies: 9☆thank you sir 🙂 June 7, 2016 at 3:25 pm #320376 John MoffatKeymasterTopics: 57Replies: 54472☆☆☆☆☆You are welcome 🙂AuthorPostsViewing 4 posts - 1 through 4 (of 4 total)You must be logged in to reply to this topic.Log In Username: Password: Keep me signed in Log In