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Sir i do not understand why in the examiners answer the liabity at 31 may 2012 is $120,000(10*500*$24)
My main problem is the “10” where did it come from?because there is no 10 in the questionOut of the original 20 managers, 3 left and 7 others exercised their rights in 2012
So the liability remaining is for just the 10 managers that have not exercised their rights as at the end on May 2012
Ok?
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