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Aron june 9

This topic has 1 reply, 2 voices, and was last updated 4 years ago by P2-D2.

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May 20, 2018 at 4:09 pm #452991
zkaay
- Topics: 212
- Replies: 98
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
May 21, 2018 at 8:06 pm #453205
P2-D2
Keymaster
- Topics: 4
- Replies: 6244
Hi,

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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