Quiz 5 - Excess (Deficiency) Calculation
Hi, I have trouble reproduce the Excess or Deficiency of 2,860 from the attached quiz. Since it's UCAE, Excess or (Deficiency) = sum over column Year-End UCAE CY(x-1) - sum over column Year-End UCAE CY(x) = 2485
Comments
It looks like you might be including AY 2022. The most recent year should be excluded.
Thanks! I can match the numbers now. I wasn't sure if AY 2022 is the current AY. I would expect CY(x-1) to be 0 for the current AY.
That is a good point. I need to fix the way the numbers in that problem are generated. Thx!