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Hebac Co Past year Question

Forums › Ask ACCA Tutor Forums › Ask the Tutor ACCA FM Exams › Hebac Co Past year Question

  • This topic has 1 reply, 2 voices, and was last updated 8 months ago by John Moffat.
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  • May 30, 2022 at 5:18 pm #656888
    nanisaid98
    Member
    • Topics: 9
    • Replies: 14
    • ☆

    hi i want to ask for Hebac co past year question. Why the answer are not the same as format for NPV that I learn?

    In the answer they calculate tax @ 20% for Year 1 and put in column Year 1, while my format says that tax for year 1 should be put at year 2?

    So which one is correct?

    May 31, 2022 at 7:42 am #656926
    John Moffat
    Keymaster
    • Topics: 56
    • Replies: 51576
    • ☆☆☆☆☆

    The examiners answer is correct!!

    The question says that tax is settled in the year in which it arises. Therefore the tax for year 1 is payable at time 1.

    It is when the question says that there is a one year delay in paying tax that it would be at time 2.

    Have you watched my free lectures on investment appraisal with tax? The lectures are a complete free course for Paper FM and cover everything needed to be able to pass the exam well.

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