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ILLUSTRATION 10. From the data below, calculate the gearing adjustment required under Current Cost Accounting Method: Convertible Debentures Bank Overdraft Cash Paid-up Share Capital

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ILLUSTRATION 10. From the data below, calculate the gearing adjustment required under Current Cost Accounting Method: Convertible Debentures Bank Overdraft Cash Paid-up Share Capital Reserves Cost of Sales Adjustment Monetary Working Capital Adjustment Depreciation Adjustment Total of Adjustments Opening Closing $ $ 200 240 120 160 20 60 300 400 100 160 40 30 10 80 |s 222|8||

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To calculate the gearing adjustment under the Current Cost Accounting CCA method we need to follow these steps Step 1 Determine the total amount of bo... blur-text-image

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