- This topic has 1 reply, 2 voices, and was last updated 11 months ago by
John Moffat.
Viewing 2 posts - 1 through 2 (of 2 total)
Viewing 2 posts - 1 through 2 (of 2 total)
- You must be logged in to reply to this topic.
New! Lectures for ACCA AAA September 2022 Exams are now available >>
New! BPP Books for ACCA September 2022 Exams are now available, get your discount code >>
Forums › Ask ACCA Tutor Forums › Ask the Tutor ACCA PM Exams › opening net assets
In calculating the residual income and return on investment, should the opening net asset figure be used for calculating the cost of capital or the closing net asset figure
The opening net assets (on the basis that it is they that are earning the profits for the year). Unless, obviously, the question specifies different.