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Does anybody know why $ 20.83 has been deducted from current liabilities in reference to above question
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I would think being a fixed asset purchase (see w2), this was taken out of Trade Creditors but rather recorded in Fixed asset calculations £56m (cash) and £20m (credit). Transilation loss of £0.83 excluded.
it is the year end balance of current liabilities after adjusting exchange loss of 0.83
dr profit or loss 0.83
cr current liabilities 0.83therefore,the balance becomes 20.83
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