Provide an Appropriate Response $.676767 \ldots$ To a Fraction by Writing It as the Infinite Series

question 118

Multiple Choice

Provide an appropriate response.
-Convert the decimal $.676767 \ldots$ to a fraction by writing it as the infinite series $\frac { 67 } { 100 } + \frac { 67 } { 100 ^ { 2 } } + \frac { 67 } { 100 ^ { 3 } } + \ldots$

• A) \(\frac { 67 } { 99 }\)
• B) \(0.66\)
• C) \(0.68\)
• D) \(0.68686869\)

Interpret the implications of significant joint venture interests, contingent liabilities, and capital commitments on venturers' financial statements.

Distinguish between alternative reporting formats for jointly controlled entities allowed under AASB 11.

Assess the practical application of the line-by-line and one-line methods of reporting for joint ventures.

Analyze the impact of accounting methods on the transparency and disclosure of joint venture operations in financial statements.

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Definitions:

Subsidiaries

Companies that are controlled by another company, known as the parent company, through ownership of more than half of the voting stock or through other mechanisms of control.

Net Assets

The total assets of a company minus its total liabilities, representing the owners' equity in the company.

Business Combination

Represents a transaction or event where an acquirer obtains control of one or more businesses.

Journal Entry

A record in bookkeeping that logs the debit and credit aspects of a financial transaction.