[kateyliz]

the attachment from Una was definitely in the exam paper… not sure how many marks you will lose as you needed them to calculate the CG/IHT. I think half the marks went for report and half marks for calculations if this helps?

[kateyliz]

Horrible paper!
Q1 I used the divi growth model to value the company (putting FCF x 1+g/Ke-g) and got a share price of £7.25! I know this value must be wrong but just had to go with it and write my report on the basis that the offer to buy our company was really low and not worth it…
expecting 40 marks max and I have spent so much time studying on this 🙁

[kateyliz]

I was unsure where q8 was going – so I mentioned offer/acceptance, legal intention due to family connection, consideration and promissory estoppel as thought they were all relevant in some way! My answer ultimately was both to pay Amy 🙂
No idea if this is right or not – so hard to judge.

Also how on earth can you get 10 marks out of q10?!

[kateyliz]

I think I mucked up accounting records too – read too much into the question. I said need to produce annual accounts, statements of capital, tax returns and VAT returns… but I think the answer should be more simple than that!

[kateyliz]

Hi – do the numbers next to the potential question subjects relate to questions in the exam kit and if so, which exam kit is it (I have Kaplan!)

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