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I remember there was dividend to do with equity goes to subs tract from retained earning statement of equity
And dividend for redeemable goes to p&lDon’t remember if it was a b c d ?
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Finance lease is not out of the syllabus, they change the way it is accounted for, as Right to use on asset side and amortization carried out on liability. So there is no off- balance sheet finance for it unless short-term or low value. but its there
There was a Mcq about inventory
20000 shirts ar £12
£4 rectification
20% marginAnd there was one more
Anyone remember what was the answer
Something 78****
There was a Que that Which ratio is irrevalent?
1. Op Pft
2. Roce.
3. NAT
4. Gearing…I selected op pft .
Is that right to use for lease in p&l
Did u take present value of lease to calculate ?
I think I am wrong in this q
That Inventory Question I Just Dint Know and Guessed Looking Probability & All …
But yes I selected 2625000 in One Of ThemYes, operating profit margin as it only affects capital employed
26.25m is right answerEven I selected operating profit @ rajina nd even for the first question selected D.
I selected op profit as well I think it was to do with gov grant
M I right?
Gg don’t effect op pr ratio?I guessed op pft bcoz – This Is SPL focusing Ratio & Other Are SFP Focusing…
Revaluation Affects SFP the Most …The lease one was A Guess seeing Value I Thought Its Difficult For Them To Type 13888 hahaha .
How did you 2625 .
Closing inventory was 6.9 m
Q asked to adjust closing inventory ?There was 2 option
Yes 144000 is also Correct. …
At First I Selected 176 but Later saw Intra Grp I forget – And Then Crossed And Selected Option A 144…
Crossing One Options Is Ok They Said In Instructions …
I hope I will get marks …@kanchandhankar said:
I think so too
It will go to p&lRemember it was only revaluing the animals who were “One year old” to “Two years old” price.
The animal who was one and a half years old would have been two and half years old, that should not have been included in the revaluation…it was older than two years old. I hope i make sense?
Ya its ok @Rajina. I actually got the ans as 154000. But did guess work ND selected 144000. Still couldn’t figure out where was I wrong.
Nono…
Animals Who were 1.5 yrs Old were purchased On July 1 I.e 6month Before Yr End…
So They Were 2 yrs Old at yr End…
Not They There was Only 1 animal.Yes that’s correct @kanchand. 8 percent of the def consideration is then subtracted from group retained earnings.
6 animal will be 2-year old as 5 is 1 year-old 1 year ago and 1 is 1.5 as 0.5 year ago. So total price will be 250*6=1,500 and 550 go to SPL
Ya I did same as Rajina
Total price was 1500 for sure
Cost was 150*5 +200*1. 950
1500-950 = 550@lukman94 said:
Yes that’s correct @kanchand. 8 percent of the def consideration is then subtracted from group retained earnings.So for def con in long term liability what did u put ?
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