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What’s with the Inventory question. CoS was lower than fair value in both cases, but should we consider sales maganers’ commissions? Because it more like selling expenses. It has nothing to do with delivery cost or customer’s discount.
?nventory quest: comissions would paid only for 1 of group inventory ( if i read carefully). So i take: cost for 1st + nrv for 2nd
I Thought that the sales commission had to be applied to get to NRV, which therefore became lower than the cost and that product began being measured at nrv and the other at cost.. I think i chose d on this one …
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Me too 24 in 2015 and 18 previous yr
On the one with exemption from preparing consolidated fs we had the option that the company is itself a subsidiary owned by another company and what was the other one?
i have done this in exam….dont know how much they will be correct???????
can u guys help me out??????????1 b
2 cant remember
3 a
4 a
5 d
6 b
7 c
8 d
9 a
10 b
11 d
12 a
13 c
14 b
15 b
16 c
17 a
18 a
19 c
20 cWhat about the question 2 generally Kandid was performing much beter than konvex right? I mean all the ratios were favorable to her as far as I remember
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40% i marked the same- oneline adj 6 months
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Q2 I did 9/12
1-c
2-a
3-d
4-b
5-b
6-a
7-c
8-d
9-c
10-a
11-d
12-a
13-a
14-d
15-d
16-c
17-b
18-d
19-b
20-c@aagshin said:
Dear all, I wrote all exam with blue pen. Is this a serious problem??They might have to correct your paper the old school way. Their system can’t read non black ink. I heard so…
@pator said:
What’s with the Inventory question. CoS was lower than fair value in both cases, but should we consider sales maganers’ commissions? Because it more like selling expenses. It has nothing to do with delivery cost or customer’s discount.No the manager’s commission was used on the second one – so cost was lower on first one and the NRV was lower on second one.
@miguelarmenta said:
So what was the time apportionment in the quesiton 1 8/12 or 9/12?Hey Miguel it was 9/12 – 1/1 to 30/09
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