2013 Mock Exam Morning 58 and Afternoon 49

Hi all,

Who can explain why Morning question 58 includes investment income to calculate Net Income, however Afternoon question 49 excludes the investment to calculate Net Income?

It is confusing…



In Morning 58, it is interest income the regular way we have it in income statements.

In afternoon 49, I think by investment they mean an expense, and since total expenses are already given it must be incuded in that.



investment income = Interest income

investment = expense

Also, is Div Paid subtracted from NI or is it seperately subtracted as Div Declared? I assume its treated as - Div Declared for question #58