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hi wanted to know why for the SOFP
the NCL they take the MV of travel 24 (because this is book value) instead of the market value 25? this is for first director proposal.So in creating any forecast sofp the bv should be taken is it?
Non-current liabilities always appear in the SOFP at book value, not at market value. This is the financial accounting treatment of bonds etc., not a financial management rule.
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