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@chally said:
What about the discontinued operations MCQ
Were they both discontinued??I say yes. they both were discontinued to me. One was major line of business and the other one was major geographical area.
@nataliam2 said:
my result was the same but I chose .74talking about deps? 😀
Does anyone remember the question on the borrowing costs?
10 mil$ was the cost. he took a 10 mil$ loan 6% on 01 feb. between 01 feb and 01 apr he invested 2 mil $ at 4.5%. The construction finished on 01 november same year.
It didnt matter how I tried to solve it, I couldnt get a result that matched any of the answer options.
Does anyone know how to solve this MCQ ?
@aaradhya33 said:
talking about deps? 😀yes, I should have chosen “quote” instead of reply.
@nataliam2 said:
Does anyone remember the question on the borrowing costs?10 mil$ was the cost. he took a 10 mil$ loan 6% on 01 feb. between 01 feb and 01 apr he invested 2 mil $ at 4.5%. The construction finished on 01 november same year.
It didnt matter how I tried to solve it, I couldnt get a result that matched any of the answer options.
Does anyone know how to solve this MCQ ?
yes natalia.You had to capitalize the borrowing cost from feb to October.
but also since it had been invested elsewhere for 2 months (2m*4.5%*2/12)
this should be deducted.i think the answer was 10435000
@aaradhya33 said:
yes natalia.You had to capitalize the borrowing cost from feb to October.but also since it had been invested elsewhere for 2 months (2m*4.5%*2/12)
this should be deducted.i think the answer was 10435000
Yes 10435000. Atleast we have one common answer :p
Both won’t be discontinued only the second one for the first one he completely changed his business stream, that’s how I saw it
@aaradhya33 said:
yes natalia.You had to capitalize the borrowing cost from feb to October.but also since it had been invested elsewhere for 2 months (2m*4.5%*2/12)
this should be deducted.i think the answer was 10435000
I also select the same answer for capitalization.
@surajnair said:
Yes 10435000. Atleast we have one common answer :pyes suraj,finally!! lol
@aaradhya33 said:
yes natalia.You had to capitalize the borrowing cost from feb to October.but also since it had been invested elsewhere for 2 months (2m*4.5%*2/12)
this should be deducted.i think the answer was 10435000
I know the rules but I couldnt get to any answer. THis is how I calculate:
10m*6%*7/12 = 350
2m*4.5%*2/12 = 1510m+350-15 = 10335
so how do you get 10435? where is my mistake?
When ACCA will be publishing the answer as past paper, will it be before July 17.
@nataliam2 said:
I know the rules but I couldnt get to any answer. THis is how I calculate:10m*6%*7/12 = 350
2m*4.5%*2/12 = 1510m+350-15 = 10335
so how do you get 10435? where is my mistake?
its 10m*6%*9/12.
because it runs from feb to October last day.
that’s where your error occurred!!@nataliam2 said:
I know the rules but I couldnt get to any answer. THis is how I calculate:10m*6%*7/12 = 350
2m*4.5%*2/12 = 1510m+350-15 = 10335
so how do you get 10435? where is my mistake?
I calculated like
10m*6%*9/12 = 450
2m*4.5%*2/12 = 1510m+450-15
For two fill in the blanks to complete the definitions, anyone remember those. Just to get some confidence so that at least some answers are correct.
@denny1 said:
For two fill in the blanks to complete the definitions, anyone remember those. Just to get some confidence so that at least some answers are correct.Huh? Which part?
@surajnair said:
Huh? Which part?One was to credit the bargain purchase goodwill and other I think it was definition of assets or something like that.
@denny1 said:
One was to credit the bargain purchase goodwill and other I think it was definition of assets or something like that.I cant recollect Goodwill question. Asset one if you’re referring to the section A mcq question,the right option is C(which says future benefits should be measured reliably) – not in the asset definition.
Denny1 did the CBE i think we had no fill in the blanks
Anybody remember any of the section b questions
@laughingcoffin said:
Denny1 did the CBE i think we had no fill in the blanksAnybody remember any of the section b questions
Sorry not fill in the blanks, it was to complete a given sentence with appropriate drop down answer.
Guys does anyone remember the answer in MCQ with foreign currency? The goodwill was increased or decreased in MCQ with liability (was it overstate or understate?? i dont remember…) Any other answers in theoretical MCQs of part b?? like revenue recognition on combined products.. any thoughts??
@phil1990 said:
Guys does anyone remember the answer in MCQ with foreign currency? The goodwill was increased or decreased in MCQ with liability (was it overstate or understate?? i dont remember…) Any other answers in theoretical MCQs of part b?? like revenue recognition on combined products.. any thoughts??I selected A,dr. 86111,dr. 225000(or sth. like that)
Did anyone choose any Answer A’s for the MCQ’S on revenue recognition question 25-30?
Which option did you guys pick for inventory valuation or something.
Was it A which ended along the lines of bringing it to its present location and condition.
or option C bring inventory to its saleable condition?
@feroz1234 said:
Did anyone choose any Answer A’s for the MCQ’S on revenue recognition question 25-30?I marked all A’s except the last question (30th)which i chose B.i got 4 A’s. :/
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