September/ december 2015

This topic has 1 reply, 2 voices, and was last updated 8 years ago by Ken Garrett.

Viewing 2 posts - 1 through 2 (of 2 total)

Author

Posts
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: 10661
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.
Author

Posts

Viewing 2 posts - 1 through 2 (of 2 total)

You must be logged in to reply to this topic.