[Skandie]

could u pls share link? i can not find it

[Skandie]

@riskyguy said:
assuming Coupon Interest was 6% and Market Interest 9%

O/B = 29000
CI = 30000×6% = 1800
MI = 29000×9% = 2610 (Finance cost
C/B 29810 (Non-Current Liability)

Finance cost of 1800 was already deducted, you had to deduct 810 (2610-1800) from draft retained earnings.

At least that’s what I did

“they added transaction cost of 1k to P/L expense”
Don’t remember this

Made the same calculations with loan, but added 1k back to RE

[Skandie]

@riskyguy said:
NRV of current assets!

\

Got the same 154,545. Question was
PPE 200
Patent 20
Goodwill 50
NRV current assets 30
the impairment was 100, thus 50 from goodwill, and the other 50 spitted between patent and PPE as 50*200/(200+20) and 50*20/(200+20)

[Skandie]

What about transaction cost in the loan calculation in Q2. there was 30m 9% loan. Previously, they added transaction cost of 1k to P/L expense. Should we have added this 1k back to RE and restate loan as 29k, further calculating interest based on this amount?

[Skandie]

What about provision for decommissioning in Q17? (oil fleet) what was the answer?

[Skandie]

@vinayemraz said:
The MCQ on inventory

210000 /0.7= 300,000
300000 * 0.8 * 0.75= 180,000

cost= 210,000
NRV= 180,000

1000,000-210,000+180,000
=970,000 recorded as inventory

Did you got the answer

me too

[Skandie]

as far as i remember, profit was 1000, and 36% of completion makes 360 plus costs to date (i dont remember exactly) less billing 180.

[Skandie]

What did you mark on the question on Construction contracts regarding amount due from customers?
and could you share questions you remember, just not sure about my results.

[Author]

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