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Question 107 in BPP Kit June 2019 (Lease) – wrong answer?

Forums › ACCA Forums › ACCA FR Financial Reporting Forums › Question 107 in BPP Kit June 2019 (Lease) – wrong answer?

  • This topic has 2 replies, 2 voices, and was last updated 6 years ago by lehoa2908.
Viewing 3 posts - 1 through 3 (of 3 total)
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    Posts
  • February 27, 2019 at 3:18 pm #506707
    lehoa2908
    Member
    • Topics: 1
    • Replies: 1
    • ☆

    Hi,

    Is there anyone who has done the question 107 of BPP Kit relating to Lease?

    The question requires to calculate non-current liability of Fresco’s BS as at 30 Sep 20X5. I think that we should:
    1. calculate the balance of liabilities as at 30/9/X5 and 30/9/X6
    2. calculate the difference which is the current liability as at 30/9/X5
    3. subtract it from total liability as at 30/9/X5 to arrive at non-current liability.

    However the answer given by the author is to calculate the difference between liabilities as at 30/9/X4 and 30/9/X5. In my opinion this should give us the current liability as at 30/9/X4.

    Looking forward to your comments!

    February 28, 2019 at 11:16 pm #506916
    tasbihak
    Member
    • Topics: 26
    • Replies: 162
    • ☆☆

    Hi, yes it is wrong because if you go ahead and see the Fresco Co section C question in BPP, the answer is different. Its a miss printing issue. I was so worried myself that what I could be doing wrong.

    March 1, 2019 at 2:34 pm #506997
    lehoa2908
    Member
    • Topics: 1
    • Replies: 1
    • ☆

    @tasbihak said:
    Hi, yes it is wrong because if you go ahead and see the Fresco Co section C question in BPP, the answer is different. Its a miss printing issue. I was so worried myself that what I could be doing wrong.

    Thanks!

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