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Effect of changes in foreign exchange rates

SSyed5y ago
Hi Sir In question Toobasco of Bpp kit they have added the loss on effect of chnages in foreign exchange rates In operating activities of $28M Why have they added it ? Shouldnt it be deducted in investing activities ?
stephenwidbergstephenwidbergTutor5y ago#1
The XD are NOT A CASH FLOW. So they should not have been included in the CFS at all. So the exam solution is correcting the error by adding them back.
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