- This topic has 3 replies, 2 voices, and was last updated 4 years ago by .
Viewing 4 posts - 1 through 4 (of 4 total)
Viewing 4 posts - 1 through 4 (of 4 total)
- The topic ‘Fluffort Co’ is closed to new replies.
OpenTuition recommends the new interactive BPP books for September & December 2024 exams.
Get your discount code >>
Forums › Ask ACCA Tutor Forums › Ask the Tutor ACCA AFM Exams › Fluffort Co
Dear sir,
In q(a)(ii) refinancing take place
May i know, how do i get the figure of:-
-Cash (balancing figure) $5mil ?
-Retained earnings $5mil ?
Thanking u in advance
As far as the cash is concerned, we know everything else that will be in the SOFP and so cash is just the missing figure so as to make the SOFP balance.
For the retained earnings, they were 2.6 in the 2015 SOFP and so we add the profits for 2016 of 2.4 and get a total of 5.0.
Noted… tq so much sir for the reply
You are welcome 🙂