2001 #81

[miaomiao]

I think the answer is wrong. The paid in capital should be the same as before since it is the par value of the shares. The gross paid in and contributed surplus should be increased by 1000.

How do you think?

[3tac]

Scary that I just worked that problem like 2 minutes ago.

You are exactly correct. They haven't asked this type of problem in a few years, so I am looking for one this sitting.

[miaomiao]

are we responsible for the whole notes to FS in AS blank or just for those highted in Feldblum's notes to FS? Do u have any idea on this?

[3tac]

just the ones in Feldblum's paper.

[frummie]

Well, the syllabus says Notes 23-27, 32 and 33 are on the syllabus. Then it says, cited for reference only. Candidates are responsible for Notes as described in Feldblum...

In the 2002 exam (I think #81 or 82), they ask about note 24, retrospectively rated policies. The sample answer gives a long winded answer. I haven't found where Feldblum mentions anything about the retrospectively rated note. Does he? The sample answer is pretty detailed, I hope because it is from the older version that is not on the syllabus (I can't find my older version).