Consolidated statement of CF: Angel

MMarina9y ago

Dear Tutor, In this question Angel has received a cash grant of 2 million to cover refurbishment costs and creation of new jobs. The grant was credited to PPE. Therefore the correct treatment should be: DR PPE 2 CR Deferred Income 1 CR I/S 1 Could you please explain why we do not iclude the 2 million in the working for PPE. I couldn't find this adjustment in the answer.

P2-D2Tutor9y ago#1

Hi, They've adjusted it beneath, where they've calculated the $66 million of additions, and added $2 million to it along with other adjustments. Thanks

MMarina9y ago#2

Hi, Could you please help me where exactly is this included. There is no amount of 66 million The answer is: PPE b/d 465 OCI (8 – 3) 5 Dep'n (29) Acquisition of sub/assoc 14 (W4) Disposals/derecognition (49) c/d 482

P2-D2Tutor9y ago#3

Hi, Read the narrative below the answer. Thanks

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