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felipemantovani

Profile picture of felipemantovani
Active 1 year ago
  • Topics: 6
  • Replies: 6
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Viewing 6 posts - 1 through 6 (of 6 total)
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  • January 22, 2018 at 6:48 pm #432150
    mysteryfelipemantovani
    Participant
    • Topics: 6
    • Replies: 6
    • ☆

    Oh, I must have confused Bank Balance with an Overdraft (short-term liability).

    Thank you.

    January 22, 2018 at 8:24 am #431978
    mysteryfelipemantovani
    Participant
    • Topics: 6
    • Replies: 6
    • ☆

    Hi, this was on an online mock from my tuition provider’s moodle.

    The question ID: CIMA-Tu-ASS_P2_049.

    Thanks for the help.

    January 22, 2018 at 8:19 am #431977
    mysteryfelipemantovani
    Participant
    • Topics: 6
    • Replies: 6
    • ☆

    This makes more sense now. Thank you.

    December 18, 2017 at 8:22 pm #423974
    mysteryfelipemantovani
    Participant
    • Topics: 6
    • Replies: 6
    • ☆

    Hi, no answer was provided. This is question 27 of the P2 Pearson Mock Exam with 40 questions.

    This is the link through which it can be accessed:

    https://www.pearsonvue.com/cima/questiontutorials/

    February 4, 2017 at 9:06 am #370997
    mysteryfelipemantovani
    Participant
    • Topics: 6
    • Replies: 6
    • ☆

    These were my thoughts exactly, but that’s all the information given in the question, which is why I was perplexed. These are all Kaplan practice questions. Thanks for getting back to me.

    February 3, 2017 at 7:00 am #370863
    mysteryfelipemantovani
    Participant
    • Topics: 6
    • Replies: 6
    • ☆

    Thank you for getting back to me. So obviously the beginning balance is 372 (a credit in liability), then since payables increased by 11 (another credit balance in the liability), so far the amount needed to satisfy that obligation is 383, then inventories are reduced by 12 (a credit in assets, which is essentially an increase in liabilities), pushing it to 395?

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Viewing 6 posts - 1 through 6 (of 6 total)

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