Examlex

Solved

The Following Data Relate to Questions 18-22

question 16

Multiple Choice

The following data relate to Questions 18-22:
During the year ended June 30 20X7, Johnson Ltd became deeply involved in trade with Malaysia. On July 1 20X6, the company acquired 50% of the share capital of a Malaysian palm oil producer, Plantations Berhad, for $7,000,000. For the year ended June 30 20X7, the following balance sheet and income statement were prepared by Plantations Berhad (amounts in thousands) :
Income Statement for the Year ended June 30 20X7
The following data relate to Questions 18-22: During the year ended June 30 20X7, Johnson Ltd became deeply involved in trade with Malaysia. On July 1 20X6, the company acquired 50% of the share capital of a Malaysian palm oil producer, Plantations Berhad, for $7,000,000. For the year ended June 30 20X7, the following balance sheet and income statement were prepared by Plantations Berhad (amounts in thousands) : Income Statement for the Year ended June 30 20X7    Balance Sheet as at June 30 20X7    Statement of the Movement in Retained Earnings in the Year ended June 30 20X7    The functional currency of Plantations Berhad was Malaysian Ringgit. The following translation statement was prepared for the company (amounts in thousands) :    Additional information: a)  A deferred tax liability of 30% of the foreign currency translation reserve is to be recognised. b)  On July 1 20X6, as a partial hedge against its investment in Plantations Berhad, Johnson Ltd took out a three (3)  year loan of R 8,000,000 from the Bank Negara at 12% interest, with interest payable quarterly commencing September 30 20X6. c)  On May 15 20X7 Johnson Ltd placed an order for R 2,000,000 in merchandise for resale from Malaysian Industries Berhad, payable in USD. The goods were shipped FOB on May 31 with settlement due on July 31 20X7. At relevant dates the exchange rates were:    -In the consolidated balance sheet at June 30 20X7 of the group controlled by Johnson Ltd,the foreign currency translation reserve attributable to the members the parent entity would be (rounded to the nearest thousand dollars) : A)  $311,111 B)  $839,300 C)  $108,538 D)  None of the above. Balance Sheet as at June 30 20X7
The following data relate to Questions 18-22: During the year ended June 30 20X7, Johnson Ltd became deeply involved in trade with Malaysia. On July 1 20X6, the company acquired 50% of the share capital of a Malaysian palm oil producer, Plantations Berhad, for $7,000,000. For the year ended June 30 20X7, the following balance sheet and income statement were prepared by Plantations Berhad (amounts in thousands) : Income Statement for the Year ended June 30 20X7    Balance Sheet as at June 30 20X7    Statement of the Movement in Retained Earnings in the Year ended June 30 20X7    The functional currency of Plantations Berhad was Malaysian Ringgit. The following translation statement was prepared for the company (amounts in thousands) :    Additional information: a)  A deferred tax liability of 30% of the foreign currency translation reserve is to be recognised. b)  On July 1 20X6, as a partial hedge against its investment in Plantations Berhad, Johnson Ltd took out a three (3)  year loan of R 8,000,000 from the Bank Negara at 12% interest, with interest payable quarterly commencing September 30 20X6. c)  On May 15 20X7 Johnson Ltd placed an order for R 2,000,000 in merchandise for resale from Malaysian Industries Berhad, payable in USD. The goods were shipped FOB on May 31 with settlement due on July 31 20X7. At relevant dates the exchange rates were:    -In the consolidated balance sheet at June 30 20X7 of the group controlled by Johnson Ltd,the foreign currency translation reserve attributable to the members the parent entity would be (rounded to the nearest thousand dollars) : A)  $311,111 B)  $839,300 C)  $108,538 D)  None of the above. Statement of the Movement in Retained Earnings in the Year ended June 30 20X7
The following data relate to Questions 18-22: During the year ended June 30 20X7, Johnson Ltd became deeply involved in trade with Malaysia. On July 1 20X6, the company acquired 50% of the share capital of a Malaysian palm oil producer, Plantations Berhad, for $7,000,000. For the year ended June 30 20X7, the following balance sheet and income statement were prepared by Plantations Berhad (amounts in thousands) : Income Statement for the Year ended June 30 20X7    Balance Sheet as at June 30 20X7    Statement of the Movement in Retained Earnings in the Year ended June 30 20X7    The functional currency of Plantations Berhad was Malaysian Ringgit. The following translation statement was prepared for the company (amounts in thousands) :    Additional information: a)  A deferred tax liability of 30% of the foreign currency translation reserve is to be recognised. b)  On July 1 20X6, as a partial hedge against its investment in Plantations Berhad, Johnson Ltd took out a three (3)  year loan of R 8,000,000 from the Bank Negara at 12% interest, with interest payable quarterly commencing September 30 20X6. c)  On May 15 20X7 Johnson Ltd placed an order for R 2,000,000 in merchandise for resale from Malaysian Industries Berhad, payable in USD. The goods were shipped FOB on May 31 with settlement due on July 31 20X7. At relevant dates the exchange rates were:    -In the consolidated balance sheet at June 30 20X7 of the group controlled by Johnson Ltd,the foreign currency translation reserve attributable to the members the parent entity would be (rounded to the nearest thousand dollars) : A)  $311,111 B)  $839,300 C)  $108,538 D)  None of the above. The functional currency of Plantations Berhad was Malaysian Ringgit. The following translation statement was prepared for the company (amounts in thousands) :
The following data relate to Questions 18-22: During the year ended June 30 20X7, Johnson Ltd became deeply involved in trade with Malaysia. On July 1 20X6, the company acquired 50% of the share capital of a Malaysian palm oil producer, Plantations Berhad, for $7,000,000. For the year ended June 30 20X7, the following balance sheet and income statement were prepared by Plantations Berhad (amounts in thousands) : Income Statement for the Year ended June 30 20X7    Balance Sheet as at June 30 20X7    Statement of the Movement in Retained Earnings in the Year ended June 30 20X7    The functional currency of Plantations Berhad was Malaysian Ringgit. The following translation statement was prepared for the company (amounts in thousands) :    Additional information: a)  A deferred tax liability of 30% of the foreign currency translation reserve is to be recognised. b)  On July 1 20X6, as a partial hedge against its investment in Plantations Berhad, Johnson Ltd took out a three (3)  year loan of R 8,000,000 from the Bank Negara at 12% interest, with interest payable quarterly commencing September 30 20X6. c)  On May 15 20X7 Johnson Ltd placed an order for R 2,000,000 in merchandise for resale from Malaysian Industries Berhad, payable in USD. The goods were shipped FOB on May 31 with settlement due on July 31 20X7. At relevant dates the exchange rates were:    -In the consolidated balance sheet at June 30 20X7 of the group controlled by Johnson Ltd,the foreign currency translation reserve attributable to the members the parent entity would be (rounded to the nearest thousand dollars) : A)  $311,111 B)  $839,300 C)  $108,538 D)  None of the above. Additional information:
a) A deferred tax liability of 30% of the foreign currency translation reserve is to be recognised.
b) On July 1 20X6, as a partial hedge against its investment in Plantations Berhad, Johnson Ltd took out a three (3) year loan of R 8,000,000 from the Bank Negara at 12% interest, with interest payable quarterly commencing September 30 20X6.
c) On May 15 20X7 Johnson Ltd placed an order for R 2,000,000 in merchandise for resale from Malaysian Industries Berhad, payable in USD. The goods were shipped FOB on May 31 with settlement due on July 31 20X7.
At relevant dates the exchange rates were:
The following data relate to Questions 18-22: During the year ended June 30 20X7, Johnson Ltd became deeply involved in trade with Malaysia. On July 1 20X6, the company acquired 50% of the share capital of a Malaysian palm oil producer, Plantations Berhad, for $7,000,000. For the year ended June 30 20X7, the following balance sheet and income statement were prepared by Plantations Berhad (amounts in thousands) : Income Statement for the Year ended June 30 20X7    Balance Sheet as at June 30 20X7    Statement of the Movement in Retained Earnings in the Year ended June 30 20X7    The functional currency of Plantations Berhad was Malaysian Ringgit. The following translation statement was prepared for the company (amounts in thousands) :    Additional information: a)  A deferred tax liability of 30% of the foreign currency translation reserve is to be recognised. b)  On July 1 20X6, as a partial hedge against its investment in Plantations Berhad, Johnson Ltd took out a three (3)  year loan of R 8,000,000 from the Bank Negara at 12% interest, with interest payable quarterly commencing September 30 20X6. c)  On May 15 20X7 Johnson Ltd placed an order for R 2,000,000 in merchandise for resale from Malaysian Industries Berhad, payable in USD. The goods were shipped FOB on May 31 with settlement due on July 31 20X7. At relevant dates the exchange rates were:    -In the consolidated balance sheet at June 30 20X7 of the group controlled by Johnson Ltd,the foreign currency translation reserve attributable to the members the parent entity would be (rounded to the nearest thousand dollars) : A)  $311,111 B)  $839,300 C)  $108,538 D)  None of the above.
-In the consolidated balance sheet at June 30 20X7 of the group controlled by Johnson Ltd,the foreign currency translation reserve attributable to the members the parent entity would be (rounded to the nearest thousand dollars) :

Understand the application of major psychological theories to nursing practice.
Recognize the impact of the nurse-patient interaction in healthcare outcomes.
Analyze the importance of Maslow's hierarchy of needs in prioritizing patient care.
Identify the resources for evidence-based mental health practices.

Definitions:

Microsoft Outlook

A personal information manager software system from Microsoft, primarily used as an email application, it also includes calendar, task manager, contact manager, note taking, and journal.

Purchase Frequency

Purchase frequency is a measure of how often customers buy a product or service over a specific period of time, indicating loyalty and satisfaction.

Formal Route Plans

Structured and planned courses of action, often used in logistics and distribution, to optimize efficiency and performance.

Territory Coverage

The strategy and execution of sales efforts across a designated geographic area or market segment, ensuring efficient and effective reach to potential customers.

Related Questions