Happy Days Superannuation Plan provides the following information regarding its assets and receipts for the year ended 30 June 2014: During the period land acquired before 30 June 2013 was sold.The land had a cost of $4 million,a market value at 30 June 2013 of $4.5 million,and was sold for $6 million.What is the revenue of the superannuation plan for the period in accordance with AAS 25?

Question

Happy Days Superannuation Plan provides the following information regarding its assets and receipts for the year ended 30 June 2014:  During the period land acquired before 30 June 2013 was sold.The land had a cost of $4 million,a market value at 30 June 2013 of $4.5 million,and was sold for $6 million.What is the revenue of the superannuation plan for the period in accordance with AAS 25?

Quizplus · Accepted Answer

The Answer of Happy Days Superannuation Plan provides the following information regarding its assets and receipts for the year ended 30 June 2014:  During the period land acquired before 30 June 2013 was sold.The land had a cost of $4 million,a market value at 30 June 2013 of $4.5 million,and was sold for $6 million.What is the revenue of the superannuation plan for the period in accordance with AAS 25?

Happy Days Superannuation Plan Provides the Following Information Regarding Its