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.

Question

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.

Quizplus · Accepted Answer

The Answer of 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.

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

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