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December 2013 question 1

Forums › Ask ACCA Tutor Forums › Ask the Tutor ACCA SBR Exams › December 2013 question 1

  • This topic has 5 replies, 2 voices, and was last updated 9 years ago by MikeLittle.
Viewing 6 posts - 1 through 6 (of 6 total)
  • Author
    Posts
  • November 12, 2015 at 2:43 pm #281975
    teeboyz
    Member
    • Topics: 19
    • Replies: 52
    • ☆☆

    Hello again Mike

    May i ask why is the finance cost is 10 in the answer instead 11 given from the question?

    November 12, 2015 at 2:53 pm #281982
    MikeLittle
    Keymaster
    • Topics: 27
    • Replies: 23334
    • ☆☆☆☆☆

    I believe that the official answer fully explains that – check it out, please, and if you’e still not happy, post again

    November 12, 2015 at 3:20 pm #281996
    teeboyz
    Member
    • Topics: 19
    • Replies: 52
    • ☆☆

    Yes im looking at it …I still don’t understand it ..The current “thinking” that i guess is that the finance cost became 10 because of the grant given $1? and its $11-1= 10?

    Is this correct?

    November 12, 2015 at 7:21 pm #282037
    MikeLittle
    Keymaster
    • Topics: 27
    • Replies: 23334
    • ☆☆☆☆☆

    That’s as I remember it, yes

    November 13, 2015 at 3:29 am #282068
    teeboyz
    Member
    • Topics: 19
    • Replies: 52
    • ☆☆

    Thanks Mike

    November 13, 2015 at 8:07 am #282092
    MikeLittle
    Keymaster
    • Topics: 27
    • Replies: 23334
    • ☆☆☆☆☆

    You’re welcome

  • Author
    Posts
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