This is with regard to the 2009 mock exam not the 2010 exam. Is the answer to Q38 wrong? In calculating the RI, the solution uses the current year BV of equity and not the prior year. Can someone confirm? Thanks.
This is with regard to the 2009 mock exam not the 2010 exam. Is the answer to Q38 wrong? In calculating the RI, the solution uses the current year BV of equity and not the prior year. Can someone confirm? Thanks.