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I excluded Chad which i now realize was probably a mistake.
My answer was initially 20k, but then i reduced it by 16k due to the assets qualifying for relief acquired by one of the other subs. Total was therefore 4k.
What was your answer to the below?
“Can someone confirm which entities were required to pay by instalments in Q1 and what the profit threshold was? 375K?”
I understood that the question was asking the tax implications on the sale. I think the gain accruing after April 2015 will be taxable by time apportionment or the cost based on market value at April 2015.
Can someone confirm which entities were required to pay by instalments in Q1 and what the profit threshold was? 375K?
According to the ACCA website, if student opted in to receive their results by email, then the release should have occurred today at noon. Are there students out there that received their results yet? Or is the date only 18 Jan?
DECEMBER 2015 EXAM RESULTS
We will release the December 2015 exam results electronically by email and text message and make them available to view online week commencing 18 January 2016.
Students will need to opt in to receive results by email and text message by 12 noon (UK time) on Wednesday 13 January 2016. You can opt to receive your results by email and text via myACCA through the ‘account administration’ section and by selecting ‘Receiving communications from ACCA’.
Thank you Shadedrose. That was clearly not a section in the text that I thought necessary to revise on.
Agreed, it was a strange paper. Those who attempted Q4; how did you address the issue on the operating lease with varying selling prices? Apart from the obvious lease rentals (assuming operating lease), removal of depreciation and added cash in the bank, what else could have been discussed? Or maybe I’m not seeing the bigger picture?:(
I agree it was not the easiest paper ever. Just a general question – has anyone ever forgot to complete the part on the front of the answer book where you indicate the number of questions attempted, i.e. 1, 2, 3 etc? If so, should I worry that the paper might not be marked? Thanks.