a. a. Based on the following information, answer the next three questions On Megabit 1/2009 Abren Enideg (an Ethiopian PLC) has sold Merchandise to Egna Bicha Company of Egypt at an amount of 4,000,000 Egyptian Pound (EGP). The agreement is Abren Enideg to collect 2,000,000EGP on Ginbot 30/2009 and the rest on Hamle 30/2009 and the payment was effected by Egna Bicha as per the agreement. Abren Enideg's budget year ends on Sene 30. The exchange rate was IETB:1.25EGP; IETB:1.45EGP; IETB:1.35EGP and IETB:L6EGP respectively on Megabitl: Ginbot 30 Sene 30 and Hamle 30 2009. 11. The amount at which the receivable should appear on Abren Enideg's SOFP on Sene 30/2009 is ETB 1,600,000 d. 1,481,481 b. 2,000,000 e. None of the above c. 1.820,690 12. Foreign Exchange Loss/Gain that should appear on Sene 30 p/L statement should be a. Loss ETB 220,690 d. Gain ETB 102,171 b. Loss ETB 102,171 e. None of the above c. Loss ETB 339,209 13. On the date of final collection (Hamle 30), Abren Enideg should record loss of ETB 350.000 d. Gain of ETB 231,481 b. loss of ETB 231,481 e. None of the above e. Gain of ETB 350,000 14. The exchange difference arising while translating foreign operation's financial statements should be reported in Profit or loss c. Should not be recognized b. Other comprehensive income d. All items should be reported at historical cost 15. According to IAS 34, an interim financial report shall include, at a minimum, the following components except: a condensed statement of financial position; b. a condensed statement or condensed statements of profit or loss and other comprehensive income; a condensed statement of cash flows; d. Selected explanatory notes. none of the above 16. Which one of the following statement is not correct? IAS 34 does not mandate which entities should publish interim financial reports, how frequently, or how soon after the end of an interim period. b. If an entity publishes a complete set of financial statements in its interim financial report, the form and content of those statements shall conform to the requirements of IAS I for a complete set of financial statements. c. If an entity publishes a set of condensed financial statements in its interim financial report, those condensed statements shall include each of the headings and subtotals that were included in its most recent annual financial statements. Additional line items or notes shall not be included. d. In the statement that presents the components of profit or loss for an interim period, an entity shall present basic and diluted earnings per share for that period when the entity is within the scope of IAS 33 Earnings per Share. a. a. 0. e. a 1 D4