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Ask the Tutor ACCA AFM

Eview Cinemas sept/Dec 2017

Aannette7y ago
Sir, why aren't we taking account of the profit on disposal of eview clubs in revised forecast eps calculation for eview cinemas? does this has something to do with, "profit on sale of EV clubs should be taken directly to reserves."
John MoffatJohn MoffatTutor7y ago#1
Yes - it has been put straight to reserves on the SOFP, and therefore does not appear in the SOPL.
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