Hi Muhammad,
Yes I agree with you that question 1 to 3 are correctly referenced with the answers.
But my problem is for example with question 4 (section A external financial reporting decision).
(Question 4 on page 3 of exam support package 2020)
(Answer 4 on page 17 of exam support package 2020).
Answer 4 suggests a calculation question, while you can see that in question 4 no numbers were mentioned, so no correctly referenced.
This is the same case for question 8.
(Question 8 on page 4 of exam support package 2020)
(Answer 8 does not correspond with question 8, yes i can see that answer 9 belongs to question 8, but still it is not referenced correctly.)
Does someone know where i can report this? Or is there something wrong with my file?
Regards,
Pascalle
Original Message------
Hi Pascalle,
In my opinion, the question is correctly referenced to the answer and the answer / option (c) "Net Profit" is correct. Just think of what journal entry would be and then look at the available options. Given that fixed asset is sold less than a book value hence a debit (expense account) entry will be recorded to reflect loss on disposal. This is a charge to income statement which will reduce net income and hence Option C is correct.
If your think otherwise, please let us know with specific points that made you think that the entry or the options is wrong or irrelevant. Thanks
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MUHAMMAD IFRAHIM
Analyst
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