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January 09, 2026, 12:06:17 pm
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Author Topic: mr.wood trial 2011  (Read 8321 times)  Share 

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sam.utute

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Re: mr.wood trial 2011
« Reply #30 on: June 12, 2011, 10:44:23 pm »
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Only thing I forgot to include was Interest Expense. Wording of the question made it very difficult to work out if it was actually paid during the period.

As I said, not a great exam. Needs to be more clarity.
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BoredSatan

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Re: mr.wood trial 2011
« Reply #31 on: June 12, 2011, 11:09:19 pm »
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yeah.. it says the interest was accrued.. then they included it in the cash outflows.. :uglystupid2:

not a great exam. How we can value a vehicle based on what the car yard down the road is selling for is beyond me.. ??? :-\
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Master of Dentistry, Latrobe University 2011 ATAR: 99.75
ATARnotes Accounting Unit 3&4 Study Guide Author
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