Level2 2012 sample 1 19题 2012, total, purchase, included, quarters

annyyu

题目给的是
A ranch and living quarters are not required for the farm’s core operations, A total of
5125,000 in expenses (525,000 in depreciation and 5100,000 in operating expenses included in
SG&A) relate to those properties. The ranch and living quarters will be kept by the current owners
and are not a part of FDFs farming operations being considered for purchase by the hedge fund.

在normalize 时Selling, general, and administrative expenses (SG&A): reflects $200,000 reduction in owner’s compensation and $100,000 reduction in operating expenses related to the ranch.

这个$100,000 reduction in operating expense related to the rach 怎么得出来的啊？谢谢

annyyu

http://bbs.cfaspace.com/thread-435828-1-2.html

sapper

can you please share where is the link to the explanation? couldn't find it

annyyu

刚看到有人问了一样的问题，找到解答了