Hi, thanks for the lecture.
Just confused on PPE not being included in the workings. I think in operating activities it is not adjusted as there is no disposal. And in Investing activities it does not need to be included as it is part of the Acquisition of subsidiary?
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Chp 7 Cash Flows - Example 3
18d ago#1The answer is showing the impact of the acquisition of the subsidiary on CFS. It is not a complete CFS.
A complete CFS would also show, for example:
1. Dep'n in operating activities.
2. Purchase cost / sale proceeds of PPE in investing activities.
No information is given in the question about these figures.
:)
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