Kaplan mock exam for ( Q1) December, 2010. Associate.

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December 3, 2010 at 5:55 am #46539
debbieche
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how did they $3,750 as post-acq profit for Ripsaw? They ve put W2 as the reference from wrkings but, in W2, I cant see such a figure.
December 3, 2010 at 8:57 am #72415
Igor
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It is a mid-year acqn. We should take only 6/12 (October-March) of Ripsaw Profit for the year (note iii) $7,500*6/12 = $ 3,750
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