Chat with AIExam 36: Translation of the Accounts of Foreign Operations
Exam 1: An Overview of the Australian External Reporting Environment50 Questions
Exam 2: The Conceptual Framework of Accounting and Its Relevance to Financ62 Questions
Exam 3: Theories of Financial Accounting61 Questions
Exam 4: An Overview of Accounting for Assets62 Questions
Exam 5: Depreciation of Property, plant and Equipment62 Questions
Exam 6: Revaluation and Impairment Testing of Non-Current Assets59 Questions
Exam 7: Inventory61 Questions
Exam 8: Accounting for Intangibles61 Questions
Exam 9: Accounting for Heritage Assets and Biological Assets61 Questions
Exam 10: An Overview of Accounting for Liabilities58 Questions
Exam 11: Accounting for Lease78 Questions
Exam 12: Set-Off and Extinguishment of Debt47 Questions
Exam 13: Accounting for Employee Benefits67 Questions
Exam 14: Share Capital and Reserves66 Questions
Exam 15: Accounting for Financial Instruments72 Questions
Exam 16: Revenue Recognition Issues64 Questions
Exam 17: The Statement of Comprehensive Income and Statement of Changes in E62 Questions
Exam 18: Accounting for Share-Based Payments62 Questions
Exam 19: Accounting for Income Taxes56 Questions
Exam 20: Cash-Flow Statements60 Questions
Exam 21: Accounting for the Extractive Industries60 Questions
Exam 22: Accounting for General Insurance Contracts58 Questions
Exam 23: Accounting for Superannuation Plans62 Questions
Exam 24: Events Occurring After Balance Sheet Date62 Questions
Exam 25: Segment Reporting61 Questions
Exam 26: Related-Party Disclosures59 Questions
Exam 27: Earnings Per Share43 Questions
Exam 28: Accounting for Group Structures69 Questions
Exam 29: Further Consolidation Issues I: Accounting for Intragroup Transact46 Questions
Exam 30: Further Consolidation Issues II: Accounting for Minority Interests34 Questions
Exam 31: Further Consolidation Issues III: Accounting for Indirect Ownershi38 Questions
Exam 32: Further Consolidation Issues Iv: Accounting for Changes in the Deg39 Questions
Exam 33: Accounting for Equity Investments67 Questions
Exam 33: Accounting for Equity Investments59 Questions
Exam 35: Accounting for Foreign Currency Transactions58 Questions
Exam 36: Translation of the Accounts of Foreign Operations41 Questions
Exam 37: Accounting for Corporate Social Responsibility59 Questions
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Yarra Manufacturing Ltd is an Australian registered entity that has a branch in Singapore,Kew Ltd.Kew Ltd has a foreign operation in China.The foreign operation maintains its accounting records in Chinese Yuan.The functional currency of the Chinese operation is Singapore dollar.The presentation currency of Kew Ltd is Australian dollar. At reporting date,the translation of the financial statements of the Chinese foreign operation resulted to a loss of S$6 500 and the translation of the financial statements of Kew Ltd to its presentation currency resulted to a gain of A$4 500.
Which of the following results is consistent with AASB 121 with respect to Yarra Manufacturing Ltd?
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