Spring 2017 #14
I notice there were two sample accepted solutions. In one they only used the "> 90 Days Past Due" rows in the data table to calculate the "recoverable on paid over 90 days" and the other solution they added the "> 90 Days Past Due" row and the "> 120 Days Past Due" row.
Is this just they allowing for different interpretations of what was given in the table. (Either >90 Days Past Due includes or excludes >120 Days Past Due.
Comments
Yes. Schedule F Part 3 columns 38 to 41 divide up overdue on paid into mutually exclusive buckets. The table in the question was sloppy and did not adhere to the Sch F convention for these. So, they must have allowed for different interpretations in this way.
The calculations question in the Question Bank that is modeled after this is similarly unclear. Perhaps it should be clarified?
he fact that the examiners allowed for the different interpretations makes a case that there is no need for further clarification in the Question Bank version.
The Question Bank version marks only one interpretation correct. The other interpretation gets marked wrong, even though it is technically also correct.
We are discussing, will let you know.
I've added a clarification in "Note 2" in the wiki here: