This finance assignment presents solutions to five questions covering key accounting and finance concepts. Question 1 analyzes events after the reporting period, applying AASB standards to determine the appropriate treatment of various scenarios, including a breach of contract, land valuation changes, fraudulent activities, and a decline in profit margins. Question 2 focuses on journal entries related to share capital, including share applications, allotments, underwriting commissions, share issues, call money, and share forfeitures and reissuance. Question 3 delves into taxable income calculations, outlining adjustments for items like provisions, depreciation, and royalty income, and determining deferred tax assets and liabilities. Question 4 involves journal entries for asset revaluation, including upward and downward revaluations of trucks, along with depreciation calculations. Finally, Question 5 explores impairment loss calculations and their application to cash-generating units, explaining the concept and its relevance in financial reporting.
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