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Well at least I wasn’t the only one who found this exam very difficult The questions took a while to complete in section A. In Section C I struggled to get my head around the transfer pricing question – understand the theory but applying it to the question was difficult. So disappointing.

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Yeah that’s what I thought. Not sure if there was anything else in the question that we missed ?…Hopefully not !

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I can’t remember the wording of the question (agriculture) but this was one which I identified as being unsure about – I was stuck between two options. Anyone remember the development costs question? We were meant to amortise over the useful life of 3 years ? Can’t remember exact wording..

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@seannyd said:
Hi, my response below:
For the mcq regarding development costs – I can’t remember the exact question but I recall 3 years in the question, were the development costs $1600 amortised over 3 years thus $533?

1 – I had 6400 i think. 100K – discount – £5K transaction cost @ 8%
2 – yeah credit 4290 i think
6 – same
9 – same
10 – receive 2500 cash 1500? think it was A
11 – 3 options, think it was D (present, probable, reliable estimate)
12 – A was a sub, think i worked it out as it held 144 of 280 votes, which is more than half. the other wasnt as it held 45% regardless of whoever doesn’t challenge them

Cant remember the rest, Section b was ok. Interested to know other thoughts.

Sean

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@usmanhassan94 said:
i choose that option aswell it was option (c) I think

Yeah I chose 57,000 for agriculture question too. I understand they’re valued at fv..can’t remember the exact wording of the question?

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Overall I think it was a difficult paper due to the mcqs and q32. Restating the ratios is concerning as may have performed incorrect calculations (missing out detail from question) not sure if they offer method marks here?

Q31 was fair – under time conditions easy to miss out things though!

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