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Banjo Ltd acquired 1 0 0 % of Wellington Ltd on 1 July 2 0 2 1 . The balance sheet of Wellington Ltd on
Banjo Ltd acquired of Wellington Ltd on July The balance sheet of Wellington Ltd on that date was as follows:Balance sheet at July NZSNZSMachinery at costShare capitalInvestment propertyGencral reserveReceivablesRetained earningsCashThe balance sheet of Wellington Ltd as at June is as follows: Balance sheet as at June :Balance sheet as at June NZSNZSMachinerycarrying valueShare capitalInvestment propertyGeneral ReserveReceivablesRetained earningsOmicron Omicron CashAccounts payableIncome tax payableRelevant exchange rates are as follows:NZSAS July If the local currency of Wellington Ltd is New Zealand dollars and the functional currency is Australian dollars the total assets of NZ$ would translate into Australian dollars as: June Average
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