HI5020 Corporate Accounting Online Exam Solution Trimester 3 2019
VerifiedAdded on 2022/09/06
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Homework Assignment
AI Summary
This document presents the solutions to the HI5020 Corporate Accounting online exam from Trimester 3 2019, covering five questions. Question 1 provides general journal entries for various transactions including dividend payments, transfers to general reserve, bonus shares, and share issuance. Question 2 addresses intra-group transactions, including sales, cost of sales, and tax implications. Question 3 focuses on calculating current and deferred tax liabilities and assets, along with corresponding journal entries. Question 4 involves preparing a cash flow statement from operating, investing, and financing activities. Finally, Question 5 covers the translation of a trial balance from AUD to EUR, and discusses the accounting standards related to foreign exchange gains and losses, including the use of a cumulative translation adjustment account. The solutions are comprehensive and address various aspects of corporate accounting, including financial statement analysis and accounting standards.
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