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taxman123, would you please tell us in which previuos question or question form BPP RK there was a question in which you are supposed to figure out the number of shares that you have to offer in order to acheive a certain gain distribution between the shareholders? i have run through all questions for several times and i have not found any similar to this….
The last info about the results release states that the results will be spread by e-mail (for those who opted for this) on the 13-th of January by noon. But if I am not mistaken – the initial info was that the results will be spread by e-mail on the 12-th of January. Am I right?
the question was taken out of the text for 2010:
On 1 May 20X7, War Co acquired 70% of the ordinary share capital of Peace Co by issuing to
Peace Co’s shareholders 500,000 ordinary $1 shares at a market value of $1.60c per share. The
[/b]costs associated with the share issue were $50,000.
As at 30 June 20X7, the following financial statements for War Co and Peace Co were available.
INCOME STATEMENTS
FOR THE YEAR ENDED 30 JUNE 20X7
War Co Peace Co
$’000 $’000
Revenue 3,150 1,770
Cost of sales (1,610) (1,065)
Gross profit 1,540 705
Distribution costs (620) (105)
Administrative expenses (325)* (210)
Interest payable (70) (30)
Dividends from Peace Co 42 –
Profit before taxation 567 360
Income tax expense (283) (135)
Profit for the year 284 225
*Note. The issue costs of $50,000 on the issue of ordinary share capital are included in this figure.in the solution- these costs were takesn out of the finance costs and charged against retain earnings and share premiuim
i am also intereseted ß please if anzone has some alexacca@abv.bg
i am wondering if i have explaind exactly what
Simultaneity
Heterogenity
Intangible
Perishability
No transfer of ownership
meant but without using this terms – will i gain some marks on this question?so who is tha Ann’s boss? we can send him an open letter, sign by everione who thinks that the questions were not set rightly! i can understand what is the obejtive- to show to the stunedts that they don’t know anything or to see if that knew the main areas from the subject. moving average is more common part from the statistics, not from the finance. TQM was never asked before – not even in a single question! if this topic is about to be included it should be scored with no more thatn a point of two!
ok- so i have solve all the examples in the BPP revision kit more that twice. i have read the textbook and i have spen numerous hours to listen to on-line lectures. i have alos pass throug the previous exam papers. i don’t konw what to do more to get better prepaired. and what was my astonishmet when i read the exam paper and realize that it is like no onea ever before?! where is the sence in all this?yes! i trully agree with the previous posting. the exam yas far from what everyone ihas ever expected. the difference between this exam and the previous papers is more than obvious! i think that having a question that is divided into two sub-question each giving 10 points is not fair. or at least this is not a way to check what does the student know.