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december 2015 – cardale industrial metal co.-second question

Forums › Ask ACCA Tutor Forums › Ask the Tutor ACCA PM Exams › december 2015 – cardale industrial metal co.-second question

  • This topic has 3 replies, 2 voices, and was last updated 9 years ago by John Moffat.
Viewing 4 posts - 1 through 4 (of 4 total)
  • Author
    Posts
  • June 6, 2016 at 7:39 pm #320040
    vandananair
    Member
    • Topics: 8
    • Replies: 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 Moffat
    Keymaster
    • Topics: 57
    • Replies: 54684
    • ☆☆☆☆☆

    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
    vandananair
    Member
    • Topics: 8
    • Replies: 9
    • ☆

    thank you sir 🙂

    June 7, 2016 at 3:25 pm #320376
    John Moffat
    Keymaster
    • Topics: 57
    • Replies: 54684
    • ☆☆☆☆☆

    You are welcome 🙂

  • Author
    Posts
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