Consolidated statement of CF: Angel

This topic has 3 replies, 2 voices, and was last updated 9 years ago by P2-D2.

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January 25, 2017 at 6:50 am #369404
boma77
Member
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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.
January 26, 2017 at 9:04 pm #369856
P2-D2
Keymaster
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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
January 27, 2017 at 5:26 am #369883
boma77
Member
- Topics: 70
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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
January 30, 2017 at 9:29 pm #370312
P2-D2
Keymaster
- Topics: 4
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Hi,

Read the narrative below the answer.

Thanks
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