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On 1 July 2003 Land Ltd Acquired All of the Issued

Question 33

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On 1 July 2003 Land Ltd acquired all of the issued shares of Fall Co, a company based in the US. The financial statements for Fall Co for the year ended 30 June 2005 are provided below. Exchange rate information is:
On 1 July 2003 Land Ltd acquired all of the issued shares of Fall Co, a company based in the US. The financial statements for Fall Co for the year ended 30 June 2005 are provided below. Exchange rate information is: Additional information: All revenues and expenses were earned or incurred evenly throughout the year. All plant and equipment was purchased using a long-term loan when the exchange rate was $A1.00 = US$0.54. Inventory was purchased evenly over the period, with the inventory on hand at the end of the period purchased over the quarter ending on 30 June, and accounts payable were accrued evenly over the period. What are the translated amounts for operating profit, retained profit at 30 June 2005, total equity and liabilities and the gain or loss on foreign currency translation for Fall Co (rounded to the nearest $A) ? A) B) C) D) E) None of the given answers.
On 1 July 2003 Land Ltd acquired all of the issued shares of Fall Co, a company based in the US. The financial statements for Fall Co for the year ended 30 June 2005 are provided below. Exchange rate information is: Additional information: All revenues and expenses were earned or incurred evenly throughout the year. All plant and equipment was purchased using a long-term loan when the exchange rate was $A1.00 = US$0.54. Inventory was purchased evenly over the period, with the inventory on hand at the end of the period purchased over the quarter ending on 30 June, and accounts payable were accrued evenly over the period. What are the translated amounts for operating profit, retained profit at 30 June 2005, total equity and liabilities and the gain or loss on foreign currency translation for Fall Co (rounded to the nearest $A) ? A) B) C) D) E) None of the given answers.
Additional information:
All revenues and expenses were earned or incurred evenly throughout the year.
All plant and equipment was purchased using a long-term loan when the exchange rate was $A1.00 = US$0.54.
Inventory was purchased evenly over the period, with the inventory on hand at the end of the period purchased over the quarter ending on 30 June, and accounts payable were accrued evenly over the period.
What are the translated amounts for operating profit, retained profit at 30 June 2005, total equity and liabilities and the gain or loss on foreign currency translation for Fall Co (rounded to the nearest $A) ?


A) On 1 July 2003 Land Ltd acquired all of the issued shares of Fall Co, a company based in the US. The financial statements for Fall Co for the year ended 30 June 2005 are provided below. Exchange rate information is: Additional information: All revenues and expenses were earned or incurred evenly throughout the year. All plant and equipment was purchased using a long-term loan when the exchange rate was $A1.00 = US$0.54. Inventory was purchased evenly over the period, with the inventory on hand at the end of the period purchased over the quarter ending on 30 June, and accounts payable were accrued evenly over the period. What are the translated amounts for operating profit, retained profit at 30 June 2005, total equity and liabilities and the gain or loss on foreign currency translation for Fall Co (rounded to the nearest $A) ? A) B) C) D) E) None of the given answers.
B) On 1 July 2003 Land Ltd acquired all of the issued shares of Fall Co, a company based in the US. The financial statements for Fall Co for the year ended 30 June 2005 are provided below. Exchange rate information is: Additional information: All revenues and expenses were earned or incurred evenly throughout the year. All plant and equipment was purchased using a long-term loan when the exchange rate was $A1.00 = US$0.54. Inventory was purchased evenly over the period, with the inventory on hand at the end of the period purchased over the quarter ending on 30 June, and accounts payable were accrued evenly over the period. What are the translated amounts for operating profit, retained profit at 30 June 2005, total equity and liabilities and the gain or loss on foreign currency translation for Fall Co (rounded to the nearest $A) ? A) B) C) D) E) None of the given answers.
C) On 1 July 2003 Land Ltd acquired all of the issued shares of Fall Co, a company based in the US. The financial statements for Fall Co for the year ended 30 June 2005 are provided below. Exchange rate information is: Additional information: All revenues and expenses were earned or incurred evenly throughout the year. All plant and equipment was purchased using a long-term loan when the exchange rate was $A1.00 = US$0.54. Inventory was purchased evenly over the period, with the inventory on hand at the end of the period purchased over the quarter ending on 30 June, and accounts payable were accrued evenly over the period. What are the translated amounts for operating profit, retained profit at 30 June 2005, total equity and liabilities and the gain or loss on foreign currency translation for Fall Co (rounded to the nearest $A) ? A) B) C) D) E) None of the given answers.
D) On 1 July 2003 Land Ltd acquired all of the issued shares of Fall Co, a company based in the US. The financial statements for Fall Co for the year ended 30 June 2005 are provided below. Exchange rate information is: Additional information: All revenues and expenses were earned or incurred evenly throughout the year. All plant and equipment was purchased using a long-term loan when the exchange rate was $A1.00 = US$0.54. Inventory was purchased evenly over the period, with the inventory on hand at the end of the period purchased over the quarter ending on 30 June, and accounts payable were accrued evenly over the period. What are the translated amounts for operating profit, retained profit at 30 June 2005, total equity and liabilities and the gain or loss on foreign currency translation for Fall Co (rounded to the nearest $A) ? A) B) C) D) E) None of the given answers.
E) None of the given answers.

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