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Crystal clear.
Totally overlooked that tax allowable depn and a tax saving from it are two different things!
You are a star. Thank you again.Oh, I see! So, 200 kg is the amount AFTER the shrinkage. I thought it was the figure before shrinking. My misreading…
Thank you so much for answering all my questions. You are the best!I’m fully aware you only have a BPP revision kit. I saw you mention it on other threads. That’s why I’m copying the wordings religiously so you have a full & complete picture.
Thank you again Sir.If you are saying that D is a correct statement, we are on the same page Sir. This is the confusing part because the question is to select an ‘INcorrect statement’.
If D is correct, which one is Not correct among the rest?Thank you Sir. I cannot agree more to you. That was exactly what I thought. There are a number of puzzling answers in this exam kit.
Thank you so much for clarification. The wording is the exact copy of the book. I was getting confused because they were saying a contradictory thing in another question.
Thank you so much for your answer John. Yes, you assumed correctly I copied the question to the letter. I can accept why they didn’t subtract 10,000 because as you explained, it hasn’t happened yet but I really don’t understand why they didn’t subtract dividend paid. In their answer section, they just say “Remember that dividens and reserves are part of the statement of changes in equity”, duh! Extremely helpful, right?
Maybe it’s just a simple mistake of theirs although it’s not shown on the errata.
Thank you again for your time. Superb as always.