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You're restoring my faith in the internet Sir, thank you very much! #CTA
awesome, like other lectures
why is it in year 2 that it is (10-2) isnt it supposed to be (6 - 2) because 4 directors already left in year 1?
You are right
No. The directors didn't actually leave it's just an estimate of the directors that where expected to leave, the estimate changed. Remember we are making an estimate on a future liability that will actually be settled in the future.
excellent
You're restoring my faith in the internet Sir, thank you very much! #CTA
awesome, like other lectures
why is it in year 2 that it is (10-2) isnt it supposed to be (6 - 2) because 4 directors already left in year 1?
You are right
No. The directors didn't actually leave it's just an estimate of the directors that where expected to leave, the estimate changed. Remember we are making an estimate on a future liability that will actually be settled in the future.
excellent