Gain on disposal of assets should be excluded in preparation of Consolidated Statement of Cash Flows. However,
Fantastic news! We've Found the answer you've been seeking!
Question:
“Gain on disposal of assets should be excluded in preparation of Consolidated Statement of Cash Flows. However, disclosure on the revaluation of fixed asset is required.”
Discuss the above statement by referring to MFRS107 Statement of Cash Flows.
Provide the answer in three paragraphs with a point each.
Expert Answer:
Solution While prepare statement of cashflow as per MFRS 107 Statement of Ca... View the full answer
Posted Date:
