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Oh yes that ! What did you write ? 1st option is right for sure. What about the 2nd option ?
F7 exam tough tho.. contigent consideration in cost of consideration in goodwill.. and decrease in cont consideration is added in SOPL Profil &loss
@yentam said:
Because carrying value doesn’t include interest. Intereat is included in the liability.yes, but carrying value of a lease is a liability.. so interest will be added to it right ?
I think that makes sense! Btw do you know the answer to the devp expenditure MCQ ?
Can you help.
I don’t remember Q3.
Total 30 mark.
a. Goodwill : 7
PL :8
c. Change calculate goodwill : 3Any question else for Q3 ???
Noo.. it was
goodwill – 9
P/L – 16
And that theory Q – 5This is what I think it was :3
Ami12. Which one you chose to reduce gearing
Revaluation
Taking loan to repay existing loan
Selling carrying value of an asset and leasing it back under operating lease.Can someone please remind me what question 1 a question was. And I think coz the 4 marks there was to guide you to know that not a lot of work was required
Pinkyjovin123 : I chose revaluation and selling asset and leasing back I guess.. I cannot recall my answers X.x
My thoughts are the same as yours Sarah, it wasn’t a tough paper but I was under prepared. I took F8 at the same time and spent more time on that.
Can anyone tell me which question came for the 30 marker question in just concluded F7 exam?
Hi guys, does anyone remember what the section 2 questions are about?. I’m thinking of writing the exam in June or September. Cheers.
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