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Kari’s shares in Question 1 were to be treated as dividend instead of gains, because they were held for less than 5 yrs. right?
Paper was too easy. Never seen a paper like this in any of the past exam. There was not even 1 technical question. In previous papers, after reading question 1, 2 you have to spend a considerable amount of time in thinking what he is asking you do do. But this exam had nothing technical at all. Don’t know how strict the examiner would be at marking..
Did anyone notice that in Q1 the 2013 statements were projections, and not actual results? I don’t know the impact it could have on the answer
And for those who attempted Q4, i think it really was not about subsequent adjusting/non adjusting events. I think it was just a trick, the question was really about auditors responsibilities in relation to fraud. Am i right?