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1. if the question provides us 20×6 and 20×5, shouldn’t we suppose to calculate 20×5 and 20×6 separately ???
2. answer sheet have excluded exception item since it was not fully allowance.
what does this mean? ……3. in “other information”, corporation tax is 30% which means we have to use 30% for tax calculation, then how did the question derive taxation amount of 210 and 178 in the question ?? since those figures are definitely not 30% from the profit before taxation
1. No – the question wants the current value (what would be the point of getting last years value? 🙂 )
2. An exceptional item is better excluded because it will not occur again in the future. Whether is is deductible or not for tax is an assumption – it is probably not allowable for tax, but as always in this exam you need to state your assumptions.
3. I do not know where you are finding this question – it is not in the current edition of the BPP Revision Kit. However I do have the original exam question and answer, and there is no mention of the figures that you quote of 210 and 178, so I cannot help you.
You seem to have ignored what I wrote in my previous reply to you. Only if you have watched all of my free lectures can you expect me to continue to answer your questions.
I am using 2019 Kaplan kit..here too in the question the the tax rate is 30%..but the PL given inthe question scenario is 210 & 178 which is not 30% of PBT.
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