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2012 Jun – ennea

This topic has 2 replies, 2 voices, and was last updated 8 years ago by John Moffat.

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June 8, 2016 at 6:58 am #320684
hahadog
Member
- Topics: 5
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Hi John,
Could you explain how to calculate the current assets 63,682?
I really don’t follow this
June 8, 2016 at 7:00 am #320685
hahadog
Member
- Topics: 5
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Which current assets are under proposal 3
June 8, 2016 at 9:18 am #320746
John Moffat
Keymaster
- Topics: 57
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There is a loss in proposal 3 (ignoring the profit on sale of NCA’s) of 3750 – 1296 – 136 = 2318.
As the examiner explains, this will reduce retained earnings and is deducted from current assets as a cash expense (but could instead be aded to current liabilities).
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