Aussie Ltd Acquired 100% of Sing Sing Ltd (Sing Sing)

question 2

Multiple Choice

Aussie Ltd acquired 100% of Sing Sing Ltd (Sing Sing) on 1 July 20X0. The balance sheet of Sing Sing on that date was as follows:

The balance sheet of Sing Sing as at is as follows:
Balance sheet as at 30 June 20X1

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$900,000 would translate into Australian dollars as:

• A) $703 125.
• B) $709 688.
• C) $1 141 500.
• D) $1 152 000.

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Definitions:

Logical Expressions

Expressions that evaluate to either true or false, used primarily in decision-making statements to control the flow of execution in programming.

Output

The data that is produced by a computer program or process after it has completed its execution, which can be presented in various forms such as textual or graphical.

Order Of Precedence

Order of precedence in programming determines the sequence in which operators are evaluated in expressions.

Operators

Symbols in programming that perform operations on variables and values, such as addition, subtraction, multiplication, and division.