BPP question 280

You must not type out full questions like this. Not only is it taking up your time, but it is illegal for us to host copyright material on our website. This is a past ACCA exam question - BPP pay to be able to have it in their Revision Kit- and the ACCA are very strict about copyright protection! I have the BPP Revision Kit and so all you need to do is state the number of the question (and the name, in case you have an older edition, as you obviously are :-) ). The answer is the examiners own answer, and it is correct. The answer is using the net assets at the start of the period on the basis that it is these assets that are generating the period for the year. Unless specifically told differently, it is best to do this in future exam questions. (Although you would lose very few marks doing what you want to do.)