F7 2011 Dec exam paper

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October 26, 2015 at 11:11 am #279006
vanluka
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Dear Mike,

For question 2a, how did we get the administrative expenses as 22,400? The working from ACCA is (46,400-24,00 dividend (50,000*5*2.40*4%))

Is there a formula for administrative expenses?

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