Aussie Ltd Acquired 100% of Sing Sing Ltd (Sing Sing)on $\bullet$

question 14

Multiple Choice

Aussie Ltd acquired 100% of Sing Sing Ltd (Sing Sing) on 1 July 20X0.The balance sheet of Sing Sing as at 30 June 20X1 was as follows.
Balance Sheet as at 30 June 20X1

$\bullet$ Relevant exchange rates are as follows.

If the local currency of Sing Sing is Singapore dollars and the functional currency is Australian dollars,the total assets of S$1 800,000 would translate into Australian dollars as:

• A)$1 565 217.
• B)$1 488 696.
• C)$1 440 000.
• D)$1 475 410.

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Definitions:

Secondary Contact

Refers to the reintroduction or interaction of populations that were previously isolated, often used in the context of evolutionary biology.

Novel Trait

A newly evolved feature in an organism that significantly differs from functions or structures in ancestral species, often due to genetic mutations or environmental changes.

Clade

A group of biological taxa, such as species, that share a common ancestor in the tree of life.

Beta Globin Chain

A component of hemoglobin, responsible for oxygen transport in the bloodstream.