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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?
The XD in this question are on a foreign subsidiary – so would not have been reflected in P&L. They are an OCI item.