The summarised statement of financial position of Bonanza Ltd is as follows: BONANZA LTD Statement of financial
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The summarised statement of financial position of Bonanza Ltd is as follows:
BONANZA LTD Statement of financial position as at 31 December 2017
$
Net assets (various assets less liabilities) 235,000 Shareholders’ equity Share capital (100,000 shares issued at $1.30 each) 130,000 Revaluation reserve 37,000 Retained profits 68,000 235,000 1 What do you think is meant by an ‘effective hedge’?
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