FNST AAT Practice Assessement 1

sue-broadstairs

Hi Guys

I am sitting my FNST exam on the 31 July (first attempt), and I am now into the serious revision and practicing previous exam paper stage! I have FNST AAT Practice assessment 1 in front of me and i'm looking at question 1.5 b Claw and Deer

I've worked out the consolidated revenue, cost of sales etc but the bit that has be completely baffled even after looking at the answer is Other Income.

Claw has other income of £1800 Deer pays a dividend £1710

The answer for consolidated other income is £261, can someone please tell me how to arrive at this figure.

Many thanks
Sue

Nps

Let me just find the link to the link to the answer (the same bit of this question stumps a lot of people - you're the third who's asked this, this week alone!)

Nps

http://forums.aat.org.uk/showthread.php?37541-FNST-jUST-CANNOT-WORK-OUT&p=268432#post268432

The link to the answer is in this thread.

sgafo

1710 x 90% = 1539

1800 - 1593 = 261

sue-broadstairs

Thanks for your help, i'll have another look this evening. :thumbup1:

sue-broadstairs

Having looked at the question again, and armed with the correct answer :001_smile:, I've followed your links regarding this question and previous answers and of course it now makes perfect sense. Now questioning why I didn't get it first time round. Thanks guys