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September/ december 2015

Forums › Ask ACCA Tutor Forums › Ask the Tutor ACCA AA Exams › September/ december 2015

  • This topic has 1 reply, 2 voices, and was last updated 7 years ago by Ken Garrett.
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  • November 12, 2017 at 3:43 pm #415420
    Anuja Nair
    Member
    • Topics: 365
    • Replies: 353
    • ☆☆☆☆

    Hi sir, for september/december 2015 exam question 3a) regarding the loan repayment in the answer key.

    It states that the company only has 9 months to raise the $2.3 million.

    Where did they get 9 months from? The question didnt state when the company took up the loan ; so how did they derive its 9 months?

    November 12, 2017 at 4:01 pm #415428
    Ken Garrett
    Keymaster
    • Topics: 10
    • Replies: 10599
    • ☆☆☆☆☆

    I cannot see where 9 months comes from. There must ne an error in either the Q or A. However, the loan is obviously relevant as a source of going concern difficulties. because it is repayable in less then 12 months.

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