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…
Thanks,
Tony
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…
Thanks,
Tony
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.
lol
So
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