Hi sir,
Am not ok with this
For part iii
Foreign subsidiary
0.8 to p/l
1.9 to oce
From what i know that 2.7 will be recordrd xgre% = p/l
And 0.8 xgre %= exchange gain in oce
Thanks
Ask the Tutor ACCA SBR
Aron june 9
8y ago#1Hi,
What goes through profit or loss is the increase in the fair value of the asset in the functional currency of Gao, being the zloti. As this has increase by 2 million zloti, we translate this at the 2.5 to give the $800,000.
The remainder will go through reserves.
Thanks
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