A Parent Entity Has Recognised an Increase of $50 000

question 6

Multiple Choice

A parent entity has recognised an increase of $50 000 in a Loan Receivable from a foreign subsidiary as a result of a change in exchange rates. On consolidation the following adjustment is necessary:

• A) \(\begin{array} { l c c }
• \text { DR } & \text { Exchange gain } & \$ 50,000 \\
• \text { CR } & \text { Foreign currency translation reserve } & \$ 50,000 ;
• \end{array}\)
• B) \(\begin{array} { l c c c }
• \text { DR } & \text { Exchange gain } & \$ 50,000 & \\
• \text { CR } & \text { Loan receivable } & & \$ 50,000 ;
• \end{array}\)
• C) \(\begin{array} { l c c c }
• \text { DR } & \text { Loan receivable } & \$ 50,000 & \\
• \text { CR } & \text { Foreign currency translation reserve } & \$ 50,000 ;
• \end{array}\)
• D) \(\begin{array} { l c c c }
• \text { DR } & \text { Foreign currency translation reserve } & \$ 50,000 & \\
• \text { CR } & \text { Exchange gain } & \$ 50,000 .
• \end{array}\)

Recognize the impact of cultural and personal relevance on memory retention and distortion.

Learn about the constructive nature of memory and how memories are subject to change over time.

Understand the methods and significance of research in memory studies, including laboratory and autobiography studies.

Identify factors influencing the accuracy and construction of memories, including emotional significance and the repetitions of event narratives.

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Definitions:

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An antiseptic used for skin disinfection before and after surgery, and for treating and preventing infections in wounds.

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An antiseptic and disinfectant agent used in various products to reduce bacterial counts on the skin and in the mouth.

Puncture Wound

A deep wound caused by a sharp object penetrating the skin, potentially leading to infection or other complications.

Duchenne Muscular Dystrophy

A genetic disorder characterized by progressive muscle degeneration and weakness, primarily affecting boys.