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Under IAS 29, how would you - Restate items from the statement of profit or loss and other comprehensive income items, and - Treat the
Under IAS 29, how would you - Restate items from the statement of profit or loss and other comprehensive income items, and - Treat the gain or loss on net monetary position? All items in the statement of profit or loss and other comprehensive income should be restated by applying the change A in the general price index from B The gain or loss on net monetary position is Fill in the boxes by dragging and dropping the correct options from below and then select Submit. IAS 29 Financial Reporting in Hyperinfiationary Economies Here is Finished Ltd.'s year-end statement of financial position as at December 31, 2016, which is the first year the economy has been hyperinflationary. Use the figures provided to complete the sentence below. Cash: 100 Debtors: 200 Share capital: 300 (contributed on January 1, 2014) Below are some items that appeared on Joker Plc's restated financial statements, which are prepared under IAS 29 , as at December 31, 2015. Once you've looked at them, complete the sentence at the bottom of the screen. Cash: 400 Revenue: 1,020 Property, plant and equipment: 914 Price Indices \begin{tabular}{l|l} \hline December 31, 2015 & 1,880 \\ \hline December 31, 2016 & 2,640 \\ \hline Average for 2016 & 2,120 \end{tabular} For comparative figures on December 31, 2016, cash will be disclosed as revenue as and property, plant and equipment as II in the boxes by dragging and dropping the correct options from below and then select Submit
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