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Rudd Ltd, an Australian Entity Purchased Lee Ltd and Kew

question 20

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Rudd Ltd, an Australian entity purchased Lee Ltd and Kew Ltd on 1 July 2012. Both entities are considered foreign operations of Rudd Ltd based in Singapore. The following information was extracted from the foreign operation's accounts for the period ended 30 June 2015:
Rudd Ltd, an Australian entity purchased Lee Ltd and Kew Ltd on 1 July 2012. Both entities are considered foreign operations of Rudd Ltd based in Singapore. The following information was extracted from the foreign operation's accounts for the period ended 30 June 2015:   Exchange rate information is:   The translation from Singapore dollars to Australian dollars resulted to the following balances:   Which of the following translation processes were applied to Lee Ltd and Kew Ltd, respectively, for the year ended 30 June 2015? A)  Functional currency; Presentation currency; B)  Functional currency; Functional currency; C)  Presentation currency; Functional currency; D)  Presentation currency; Presentation currency; E)  None of the given answers.
Exchange rate information is:
Rudd Ltd, an Australian entity purchased Lee Ltd and Kew Ltd on 1 July 2012. Both entities are considered foreign operations of Rudd Ltd based in Singapore. The following information was extracted from the foreign operation's accounts for the period ended 30 June 2015:   Exchange rate information is:   The translation from Singapore dollars to Australian dollars resulted to the following balances:   Which of the following translation processes were applied to Lee Ltd and Kew Ltd, respectively, for the year ended 30 June 2015? A)  Functional currency; Presentation currency; B)  Functional currency; Functional currency; C)  Presentation currency; Functional currency; D)  Presentation currency; Presentation currency; E)  None of the given answers.
The translation from Singapore dollars to Australian dollars resulted to the following balances:
Rudd Ltd, an Australian entity purchased Lee Ltd and Kew Ltd on 1 July 2012. Both entities are considered foreign operations of Rudd Ltd based in Singapore. The following information was extracted from the foreign operation's accounts for the period ended 30 June 2015:   Exchange rate information is:   The translation from Singapore dollars to Australian dollars resulted to the following balances:   Which of the following translation processes were applied to Lee Ltd and Kew Ltd, respectively, for the year ended 30 June 2015? A)  Functional currency; Presentation currency; B)  Functional currency; Functional currency; C)  Presentation currency; Functional currency; D)  Presentation currency; Presentation currency; E)  None of the given answers.
Which of the following translation processes were applied to Lee Ltd and Kew Ltd, respectively, for the year ended 30 June 2015?


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Mates

Refers to individuals chosen as partners for reproduction or companionship, typically within the context of romantic or sexual relationships.

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Scientists who study the psychological traits such as memory, perception, and language from a modern evolutionary perspective.

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The anniversary of the day on which a person was born, typically celebrated as a yearly event.

Cousin

A relative with whom a person shares one or more common ancestors, but typically more distant than a sibling or parent.

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