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ACCA December Exams

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Dec 2013 q4

Forums › Ask ACCA Tutor Forums › Ask the Tutor ACCA AFM Exams › Dec 2013 q4

Viewing 2 posts - 1 through 2 (of 2 total)
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  • November 29, 2014 at 3:25 am #214214
    Goh
    Member
    • Topics: 9
    • Replies: 12
    • ☆

    Hi sir,

    Why we need to plus cash 99m again in calculating additional fund available? (We already add in debt capacity)

    Thanks~

    November 29, 2014 at 12:50 pm #214341
    John Moffat
    Keymaster
    • Topics: 57
    • Replies: 54500
    • ☆☆☆☆☆

    I know it looks strange, but they can borrow up to 100% of the asset value – the asset value is as per the answer (and included 99M).

    So……the have the amount borrowed as available for investment, however the 99 cash is also available to invest as well 🙂

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