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Sir,for PYQ Sep/Dec 2016 Q4 part (b)
for the notes to the statement of cash flows
1.why the take out a new loan of $55m and paid off of total $3m capital element of lease liabilities will be classified under non-cash changes?(not it will increase &decrease the cash flow respectively)?
Thank you.
I need to look at this question in an exam kit – are you using BPP or Kaplan? – please give question number and I’ll come back to you.
If referring to the bpp revision kits (June 2019), the answer will be in pg359
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