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(b) Prepare a memorandum addressed to the Board of GOLD explaining the rationale for the way in which the following issues were dealt with in-the financial statements of GOLD for the year ended 31 December 2005: \

(i) The method of foreign currency translation adopted for COPPER (Note 2);

(ii) The granting of the mining licence and the associated costs (Note 6);

(iii) The rights issue on 23 January 2006 (Note 7).