BPP Question 36 – Air

This topic has 1 reply, 2 voices, and was last updated 7 years ago by John Moffat.

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February 26, 2019 at 12:24 pm #506604
sam1319
Member
- Topics: 8
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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
February 27, 2019 at 11:03 am #506684
John Moffat
Keymaster
- Topics: 57
- Replies: 54859
I 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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