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Sir,
In the Sep/Dec 2015 Q3. How is it that the amount going to retained earnings in 2016, remains the same in the forecast as in the answer sheet projected financial position, when the finance cost should have increased due to the increase in the bank loan due to the refinancing?
The question specifically says that the forecast profit for 2016 will not be affected and that any effects will occur after 2016.
The retained earnings as at 2015 are 2.6M per the question.
They are forecast to retain another 2.4M in 2015.
2.6 + 2.4 = 5M.
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