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The lessor had to pay for it, and the original surveyors report was within 12 months of acquisition but the second wasn’t.
I think explain that the redundancies were settlement and curtailments and expenses to the PL. that the surplus will be subject to a an asset ceiling test and any loss recorded in PL. also that gain or loss on remeasuremenr, goes to OCE. And maybe a brief explanation how a defined benefit scheme works with finance charges and the costs that go to the PL and actuary calculates etc
I don’t think you had to calculate goodwill a year later, just had to state that if you received the valuation after the 12 months then you couldn’t use it. Then the original carrying amount should have been used not the fair value adjustment
I put finance lease as it was for its whole
useful life and although they could replace it. They had to pay the company while they replaced, indicating the lessor has no control of the assetYes had the same question, found the pension question a bit left field, what did you put for the patent being revalued to the futures cash flows of the licenses? I said that it had no market so couldn’t be revalued but now starting to think differently
Yeah was tough for 16 marks, I just wrote about the subjectivity of surveys and samples etc
The indicators on economy and efficiency were a bit of a nightmare
@camM2214 yes I have the answer as zero based budgeting as it was a public services company and the research activities could all be put as a decision package
Yes got the same, wasnt a bad question at all. The margin of Safety was definetly 4%.
Fixed costs / Weighted CS ratio gave a sales revenue of around £2,4 mill, total revenue was 2.5 mill so around 4%
Nothing on divisional performance or transfer pricing at all.
Seemed like a lot of longish calculations and time was tight but should have scraped a pass
65. Thought I did better but happy. PM left now at this level. Thanks open Tuition
Also was the £3,000 gift to her daughter, class as normal expenditure or did she use up her annual allowance?
Very different to past papers. What figure do you use for the chargeable gain when gifiting the house? and the value of cost of the 7500 shares in the takeover.
Maybe at best scraped a pass, fingers crossed. A lot harder than last papers especially VAT and CGT.
I chose both as marketing has nothing to do with the prep of financial statements
Think it went well, ratios was a good one to get and a lot of substantive procedures. Fingers crossed