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Forums › Ask ACCA Tutor Forums › Ask the Tutor ACCA FR Exams › Purchasing Power of Non-Monetary items such as inventory and NCAs
Please explain what does the following explanation given in Kaplan study text means
The owner’s of a company’s equity capital have the residual claim on its net monetary and non monetary assets. The equity interest is therefore neither a monetary nor a non-monetary item.
Hi,
I’d not worry about it but all it is saying is that the equity is equal to the net assets and that net assets are made up of monetary and non-monetary assets. There isn’t anything more to it than that.
Thanks