Fall 2019 Q15
1) How are we supposed to know the 120000 is on a gross basis?
2) With the syllabus changing, are the following questions still relevant?
Fall 2019 Q15 (a) & (b)
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1) How are we supposed to know the 120000 is on a gross basis?
2) With the syllabus changing, are the following questions still relevant?
Fall 2019 Q15 (a) & (b)
Comments
1) you are expected to know this since it says it is from page 20.20 line 13 which is on a gross basis.
2) Yep although possibly with some modifications: you'd use AIC instead of APV of ceded for example. Tbh this is not clear since the paper is still based on IFRS 4 which you won't be seeing anymore. Only the CAS exam writers know for sure