Good day tutor,
This question requires that an extract of financial position after a proposed restructuring be done up. The answer gave an amended financial position of the current year. However, is it okay if I do up a financial position extract for the next year? I'm thinking it is not really practical to consider the impact on financial position without applying the growth in cash flows post restructuring (and then adding it to Reserves and cash). Hoping to hear your thoughts on this.
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Chrysos co (March 2017)
8y ago#1I am sorry, but I am away from home until late tomorrow evening and do not have access to the question. Please ask again on Thursday evening and I will reply on Friday.
Hello tutor, no worries at all, hope you are home safe and sound. Is there any chance you could look at this question soon?
8y ago#3Sorry - I got home with no problem (thanks), but since you did not ask again last Thursday I am afraid that I forgot (I am answering lost of questions every day and so I really cant look back at all past one) :-)
I understand what you are saying, but the question is asking for the SOFP after they restructure, which is presumably on 1 March 2017 (not one year later). You would still have got most of the marks if you did do it for one year later, but this is not what was asked for.
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