Increase in trade receivables during 20X1 represents USD 14,280. It - ProProfs Discuss
Topics
Products
Follow Us:

Increase in trade receivables during 20X1 represents USD 14,280. It includes the unrealized foreign exchange gain amounting to USD 1,460 as at 31 December 20X1. What amount shall be presented as an adjustment for non-cash item in the operating part?

This question is part of Financial Accounting Test 1
Asked by YassirDerbas, Last updated: Jan 28, 2020

+ Answer
Request

1 Answer

YassirDerbas

YassirDerbas

Answered Nov 10, 2018

(1,460)

Unrealized foreign exchange gain artificially increased the balance of receivables and therefore, it must be deducted as a non-cash adjustment.####
 

Search for Google images
Select a recommended image
Upload from your computer
Search for Google images
Select a recommended image
Upload from your computer
Search for Google images
Select a recommended image
Upload from your computer

Email Sent
We have sent an email to your address "" with instructions to reset your password.