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I know I’m definitely not going to total up anything in the exam.
buuut. I was just totaling up the work you did on the 2016 march june CF and the total you have from operating activities is 153 while the model answer says it should be 124 for the statement to balance.
The investing activities and financing activities are the same so your CF doesent balance
*This is unless I am very bad at basic arithmetic and entering numbers into Googles calculator.
Also the model answer does not add back the loss on disposal of 29. Which is of course the golden number which would bring our balance down to 124 and hence help us balance. (So I’m probably nor bad at basic arithmetic)
Anyways, why dont they add it back?Thanks for your help!
Hi,
I’ve either totalled it up wrong or omitted something, either way it isn’t too concerning at the moment. If I get chance then I’ll look at it further.
Thanks
Could you please look it up soon and reply to me? Especially since for me, I like it when all the dots connect for me to be able to fully understand a topic.
I’ve watched the full lecture twice in order to properly understand it and I dont recall you making any silly error.
It was a pretty glaring thing that the examiner had not included the loss on disposal in his answer and its pretty confusing.
Qn 1a of the March June 2016 paper found on the ACCA website
You do not add back the loss on the disposal because it relates to discontinued operations and wasnt included in the adjusted profit figure which you started with.
@joashbill yeah I asked my tutor at college that as well and he answered it. So Chris has made an error in his work
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