10) The following HCA Balance Sheet extract has been provided to you by Frank plc for...
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10) The following HCA Balance Sheet extract has been provided to you by Frank plc for the year ended 31 December 20X1: Equity Share Capital Retained Earnings Non-Current Liabilities Loan Current Liabilities Trade Payables Total Equity & Liabilities Inflation index information is as follows: 1 January 20X1: Average for the year 20X1: 31 December 20X1: 115 120 125 €90,000 €10,000 €20,000 €5,000 €125,000 Furthermore, you are told that the total assets figure from a CPPA perspective is €165,000 and that the inflation index was 90 when the company was originally set up. Using the above information, work out the CPPA adjusted Retained Earnings figure for the year ended 31 December 20X1? 10) The following HCA Balance Sheet extract has been provided to you by Frank plc for the year ended 31 December 20X1: Equity Share Capital Retained Earnings Non-Current Liabilities Loan Current Liabilities Trade Payables Total Equity & Liabilities Inflation index information is as follows: 1 January 20X1: Average for the year 20X1: 31 December 20X1: 115 120 125 €90,000 €10,000 €20,000 €5,000 €125,000 Furthermore, you are told that the total assets figure from a CPPA perspective is €165,000 and that the inflation index was 90 when the company was originally set up. Using the above information, work out the CPPA adjusted Retained Earnings figure for the year ended 31 December 20X1?
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