A 50:50 Joint Operation Was Commenced Between Two Participants

question 12

Multiple Choice

A 50:50 joint operation was commenced between two participants. Ronan Ltd contributed cash of $100 000, and Keating Ltd contributed a Building with a fair value of $100 000
And a carrying amount of $80 000. Using the line-by-line method of accounting, Keating Ltd would record which of the following entries?

• A) DR Building in JO $80 000 CR Building $80 000
• B) DR Building in JO $100 000 CR Building $80 000
• CR Gain on sale of building $20 000
• C) DR Investment in joint operation $100 000 CR Building $80 000
• CR Gain on sale of building $20 000
• D) DR Cash in JO $50 000 DR Building in JO $50 000
• CR Building $80 000
• CR Gain on sale of building $20 000

Distinguish between different electronic records and their significance in NI.

Understand how computers and standardized languages are utilized in nursing education, research, and safe patient care.

Understand the concepts of total compensation and its components.

Recognize various job evaluation methods and their application in compensation management.

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Definitions:

Ultrasound

A medical imaging technique that uses high-frequency sound waves to visualize internal organs and produce images of the body.

Disintegrate

To break or fall apart into small fragments or components, often rapidly, leaving the original structure irreparably damaged or destroyed.

Xerophthalmia

A medical condition characterized by dry eyes, which can lead to damage to the cornea and conjunctiva.

Conjunctiva

A thin, clear membrane lining the eyelid and covering the white part of the eyeball, responsible for keeping the eye moist.