[simon374]

I got a negative NPV for investment A and a positive NPV of investment B of about $1.3m

Hope you discounted the annuity to year 4? The annuity of 7.843 given is for 25 years at 12%

[simon374]

It is DCB because the actual amount to borrow in euros is not known

[simon374]

Failed with 44%, although I answered only 70%.

However, I give kudos to Mr. John Moffat, his lectures are the bomb; apt and understanding. I am definitely scaling through in June?

[simon374]

61% passed on first attempt. I’m chuffed?

[simon374]

I await AAA and AFM results. Hoping for a pass. It’s my last

I got the second version for AFM, it was crazily difficult: I barely answered 70%?

[simon374]

Exactly what came out for me..

The Shobdon question was so overwhelming..

MV of equity was given without the value for debt

Tried to work that out using Modigliani and Miller Proposition 2 equation..

It was crazy mehn! I barely answered 70%

[simon374]

thatnixonkid wrote:I think you DR cash CR Liability at point of receipt, but then you have to wait until the condition has been met at which point DR liability CR income statement

I think at the initial when conditions were not met, it should be treated as a liability since refund was probable.

However, after the condition was met, there is no refund plus the company oferred to give them part of the profit of about 10% probably as dividend. At this point, I said it should be treated as equity.?????

[simon374]

ak2401 wrote:The shared based payment bit was tricky in question 1.

i got this $14.4m too. i then found the difference with the original FV of $10m; i took $4.4m as post acquisition remuneration and the $10m as part of the consideration. Hope we get it right

[simon374]

They were operating under a tax jurisdiction which allows group relief of losses. Also, the parent company has sufficient profit to cover the loss; so i believe that deferred tax should be calculated despite the subsidiary not being profit making.

[simon374]

I thought it was sale as it was sold for an amount higher than fair value; control has been transferred

[simon374]

Hi guys …Interested as well.

ID: simonayara@gmail.com

[simon374]

Yaay! Knock out 61

[simon374]

?? really

[simon374]

Both not qualified as the share is 2%(not qualify for ER) and it was subscribed before 17 March 2016( not qualified for IR)

[simon374]

Passed 53% first attempt. I thought I was going to fail because I made a hell of mistake in the exam.

[simon374]

yeah, I think brand cannot be revalued but license can

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