Hi John,
Why do you not use the retaining earnings from the figures provided ($2,412) as the opening balance for the reserves B/f in the first year? Do you assume this has been exhausted by ER paying down the debt prior to the buyout?
Many thanks,
Sam
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BPP Question 36 - Air
7y ago#1I am away from home until late tonight, and I do not have the BPP Revision Kit with me.
Please ask again tomorrow (Thursday) and I will then be able to answer you.
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