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Asked: July 13, 20222022-07-13T13:18:02+02:00 2022-07-13T13:18:02+02:00In: FINANCIAL ACCOUNTING 310 , GFA 711S

FINANCIAL ACCOUNTING 310 First opportunity Examination Question paper 2022 june

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BAQ is a listed entity with a financial year end of 31 March. At 31 March2a21, it
had 8 000 000 ordinary shares in issue
The directors of BAQ wish to expand the  business operations by acquiring
competitor entities. They intend to make no more one acquisition in any financial
year, The directors are about to meet to discuss two possible acquisitions. The
principal criterion for the decision is the likely effect of the acquisition on group
earnings per share. Details of the possible acquiring are as follows.

Beehive, a public limited company, is a leading support services company which
focuses on the building industry…

Define the following
1, Transaction risk
2, Translation risk

Masuwa Limited. a South African company that manufacturers perfume,
bought 16 new Fragrance testing machines Johannesburg. for use in its laboratory in Johannesburg. The machines were imported from Estell Lord a company based in France that produce equipment for companies in perfume industries….

Food for All Limited operates a chain of supermarkets around the country.  lt enters
into a contract with Prop Limited for the lease of a warehouse in a location chosen by Food for AII Limited for its proximity to some of its retail outlets and access io the road transport network. It cannot be substituted by Prop Limited. …

Choma Limited is a company operating in the herbs and spice industry. The following item was identified during the audit of its financial statements for the current year ended 3’1 December 2A22. No adjustments for which have been processed: …

exam2022firstoppgfa711s
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