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Forums › Ask ACCA Tutor Forums › Ask the Tutor ACCA FR Exams › MIni Exercise G/W Q7 Prime&Suspect
Mike,
could you please help me to understand why is for RE calculation in FV of SNA @ DOA was taken a period of 8 months instead of 4?
I understand that Acq. was on 1 June and data for RE was given for 30 September, and that is 4 months difference.
Thank you in advance.
Regards,
There are 12 months in the year and if there are 4 months since the June acquisition up to the year end, how many months are there from the previous year end up to the date of acquisition?
???
Yes, yes… It’s so obvious.
Thank you, Mike.
It is really, isn’t it!