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Question 1 ABC Ltd has the following land and buildings in its financial statements as of 30 June 2022: Residential land, at cost 2,305,483 Factory land, at valuation 2020 2,074,935 Buildings, at valuation 2020 1,844,386 Accumulated depreciation -230,548 On 30 June 2022, the balance of the revaluation surplus is $922 193, of which $691 645 relates to the factory land and $230 548 to the buildings. On this same date, independent valuations of the land and buildings are obtained. In relation to the above assets, the assessed fair values on 30 June 2022 are: Residential land, previously recorded at cost 2,536,031 Factory land, previously revalued in 2020 1,613,838 Buildings, previously revalued in 2020 2,074,935 Required: Provide the journal entries to account for the revaluation on 30 June 2022. ABC Ltd classifies residential and factory land as different classes of assets. .
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Q1-(21) Julu is applonching the loth Anniucyay ff hel 409000 lo yeak Renewole. Texm policy, She porchesed the palucy when she was 30 yea old julia's Health Status is good, ard she is not Happy with the Gueunleed Renewal Retes mextioned in her policy Hbich are a littel Higher then she expected. apply fon lenumal or puleskax a now policy. which of the following Recommentations would you plovide? be basct on her callant oge. (6) Julia showed purchar a kew policy as its premium ale likely to bo Lorwer becaute of kes gord Hrewth - (3) Julia showed lenew her exiting pelicy to avoid the New thereryen Contestability clauses (2) Sulia shawd leptace her exitiy paliey with a kew one to avoid previding evidence of inswubility upen Rencercl
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Q1-7 Mirha is 65 yeals ald and has been Living in Canadt for the past 25 yeals: She is Maured to Zohan and depends on Zohan and depends on Zohan finacially as she has never been emplayed Zthan's Cussently Retrred with a Lew Annual income. which of the follewing Governmest Pensiss is Mirha elgide to Receive? A1-(A) OAS and the Allowance (B) QAS, GiS and the Alliowance C OAS, Gis and Cpp (i) CAS and Gis
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r-(xi2n(xi)2)(yi2n(yi)2)xiyinxiyi.docx
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