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I don’t know what I have written? Can anyone please remind me the questions and the answers which they have written? Man I am going to fail in the exam.
Was procedures asked for capital forecast? Actually i wrote paper in hurry due to timing issues I am not sure whether they asked procedures on capital forecast or something else? Please help me. Thank you in advance
And I had this as 3rd question and 2nd question was regarding going concern issue. I remember this pretty well.
Did any one remember whether 3rd question had procedures for capitalized expense for constructing warehouse?
I wrote procedure. Does anyone have any idea? Please reply…Section A was a disaster for me.I was confuse with the deferred tax mcq. In section C, I had confusion in lease as they say that the initial payment was made and charge in cost of sales so I removed 2m from the present value and then calculated the current and non current liability value.
In interpretation , I wrote that the gross profit margin of the company is good because of the merger of the revenues of both the companies but on the other hand they have more inventory turnover days because they have lost the customer as the founder of the wyates company has left the company . The quality of the games are not good as the founders produce most of the games.
I hope I get the marks as my English is poor and I am nervous because my section A and B were also not upto the mark.