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toobasco co. S/D 18- treatment of exchange losses

Forums › Ask ACCA Tutor Forums › Ask the Tutor ACCA SBR Exams › toobasco co. S/D 18- treatment of exchange losses

  • This topic has 1 reply, 2 voices, and was last updated 1 year ago by Stephen Widberg.
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  • August 26, 2021 at 10:23 am #633009
    Noah098
    Member
    • Topics: 935
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    toobasco co. S/D 18) 4)b) from the list of potential errors-iii)

    sir $28m loss was deducted from net cash generated form operating activities, the examiner adds this $28m back as it is non-cash. However we should have added it twice i.e. $56m should have been added back, once to reverse the incorrect treatment by toobasco and second time to reflect the fact that its non-cash.

    can you pls explain sir why the examiner only adds back $28m? and not $56m?

    August 27, 2021 at 6:57 am #633098
    Stephen Widberg
    Keymaster
    • Topics: 11
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    The XD in this question are on a foreign subsidiary – so would not have been reflected in P&L. They are an OCI item.

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