The following information has been extracted from the consolidated financial statements of P for the year...
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The following information has been extracted from the consolidated financial statements of P for the year ended 31 December 2017 The group has neither purchased nor disposed of any investment during this period. Group statement of profit or loss Group operating profit Share of associate's profit after tax Tax on profit on ordinary activities: Income taxes: group Profit on ordinary activities after tax Group statement of financial position at 31 December Investments in associates Share of net assets Required (a) (b) $ 000 1,468 136 1,604 (648) 956 2017 $000 932 2016 $ 000 912 What figure should appear in the group statement of cash flows for the year to 31 December 2017 for the associate? Under which heading would you expect this figure to appear in the group statement of cash flows? The following information has been extracted from the consolidated financial statements of P for the year ended 31 December 2017 The group has neither purchased nor disposed of any investment during this period. Group statement of profit or loss Group operating profit Share of associate's profit after tax Tax on profit on ordinary activities: Income taxes: group Profit on ordinary activities after tax Group statement of financial position at 31 December Investments in associates Share of net assets Required (a) (b) $ 000 1,468 136 1,604 (648) 956 2017 $000 932 2016 $ 000 912 What figure should appear in the group statement of cash flows for the year to 31 December 2017 for the associate? Under which heading would you expect this figure to appear in the group statement of cash flows?
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Requisment Group investments in net assets of associated at begging of the yea... View the full answer
Related Book For
Intermediate Accounting
ISBN: 978-0324300987
10th Edition
Authors: Loren A Nikolai, D. Bazley and Jefferson P. Jones
Posted Date:
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