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Rudd Ltd,an Australian Entity Purchased Lee Ltd and Kew Ltd

question 21

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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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Definitions:

Intra-company Analysis

The examination and comparison of financial and operational performance within different departments, divisions, or units of the same company.

Base Period

A specific time period used as a reference point for comparing financial or economic data across different periods.

Analysis Period

The specific time frame over which financial or operational data is examined and analyzed for decision-making purposes.

Competitors Analysis

The evaluation of key competitors to assess their strengths, weaknesses, opportunities, and threats in comparison to one's own business.

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