*** F7 September 2015 Exam was.. Instant Poll and comments ***

I did the same as you. Hopefully it’s correct. Do you remember what you got for ROCE and gearing ratio on q2?

My MCQ answers were the following
1)D
2)C
3)A
4)D
5)B
6)B
7)B
8)B
9)B
10)C
11)C
12)C
13)D
14)D
15)D
16)B
17)A
18)C
19)B
20)C

I am not very confident this time

I did exactly the same for both question 🙂 so either we both wrong or we both right 😀

@karanpreetrobin said:
i think loan cost cant go under admin expenses

so you should have taken 500 out of admin and add back into initial loan amount (20500)

If I remember rightly the question said the issue costs were included in the original amount of 20K, so shouldn’t have been added back on. I may be wrong though.

@pinkyjovin123 said:
In one of the MCQs Is it payment to sub contractor or replacing door of the house.I did payment to sub contractor for plumbing

I put replacement doors, I cannot remember what exactly the question asked tho..can you?

i chose doors as an immediate expense that cannot be capitalised (spread over the contract) but cannot remember if thats what the q asked for.

AGREE

@fairjuno said:
yes i also did something close to that i think it was ok

Which one replacement of doors or payment to sub contractor??

@jose.muwa@yahoo.com said:
jose , my finance cost to p or l was 1560. was i right

i guess you are right for the finance cost for the finance cost on issue of loan note
but you didn’t include finance cost on the sale and repurchase which was 150

Did anyone get goodwill as 5000?

Is there IFRS 15 for this paper?