Past exam 2009 Q2 No guideline answers?

What’s your answer for Q2?

It’s there. You must be missing a page.

Better question is, what are implied assets and implied liabilities? Has that been dropped from the curriculum since then?

I took the 2009 am today. I think it’s been dropped. I’ve done all blue box, read Schweser, read much of CFAI and never seen “implied” mentioned.

Ditto. Me either.

implied assets and liabilties have been dropped from the past.

Nice. Popped my score up a point

Its taken out of books only

implied assets also known as human capital (defined as the present value of all expected employment income)

retirement expenses are considered as implied liabilities

SCH book 1 P No 329

Damn. Just another reason not to buy Schweser.