Answering Questions

  • Read each question carefully.
  • When you answer a question, your answer will automatically be saved.
  • You can revisit questions and change your answers at any time during the exam.
  • The only permitted characters for numerical answers are:
    • Numbers
    • One full stop as a decimal point if required
    • One minus symbol at the front of the figure if the answer is negative.

              For example: -10234.35

No other characters, including commas, are accepted.

Navigating between questions

  • Click Next Button to move to the next question.
  • Click Previous Button to move back to the previous question.
  • Click on a question number from the Exam Progress Details panel (see next page) to move directly to that question.
  • A message will be displayed when you click to move away from a question which has been partially attempted. You can choose to stay on the question and review your answer(s) or continue.
  • When reviewing your answer(s) for partially attempted questions ensure you read any message displayed in red text below the question in Section A or below the question
    part(s) in Section B

Tumora Co Case
Below are extracts from the statements of profit or loss for the Tumora group and Tumora Co for the years ending 31 December 20X7 and 20X6 respectively.
A. Calculate the gain on disposal which should have been shown in the consolidated statement of profit or loss for the Tumora group for the year ended 31 December 20X7.
B. Remove the results of Simon Co and the gain on disposal of the subsidiary to prepare a revised statement of profit or loss for the year ended 31 December 20X7 for Tumora Co only.
C. Calculate the equivalent ratios to those given for Tumora Co for 20X7 based on the revised figures in part (b) of your answer.
D. Using the ratios calculated in part (c) and those provided in the question, comment on the performance of Tumora Co for the years ended 31 December 20X6 and 20X7.

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