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Hi John,
Good Day!!
I have a doubt regarding above question, when we calculate the debt value why are we not including $16600, which is originally mentioned in the balance sheet as non current liability?The finance cost of 1600 is not included because its mentioned that its allocated by bento in a pre agreed proportion but nothing is mentioned about this NCL why are we excluding the same?
ThanksNotes (i) and (ii) of the question state that the current non-current liability is not transferred to the new company.
Sorry John,i didn’t understand that its mentioned that
i) current assets, non current assets trade and other payable will be transferred to the new company (Hence we don’t need to consider this because it will be transferred to new company).Bank OD will be repaid.II) With exception to Bank OD,Bento has provided financing to Okazu.No liabilities except trade and other payable will be transferred to new company (what I understood is that since its not transferred to new company we need to include here)
or here what they mentioned as new company is the MBO ? if that is the case then its correct.Please help me to confirm this point.
Thanks
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