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Other account balances for Brazil Ltd at 30 June 2020 are as follows: Exchange rates for the year ending 30 June 2020 are as follows:
Other account balances for Brazil Ltd at 30 June 2020 are as follows: Exchange rates for the year ending 30 June 2020 are as follows: Required: 1) US dollar is the functional currency of Brazil Ltd and the Australian dollar is the presentation currency of the group: a) Prepare the Statement of profit or loss and other comprehensive income and the statement of financial position of the foreign operation at 30 June 2020 . (15 marks) b) Calculate the foreign currency translation reserve. (5 marks) Complete your answer in a table format in Excel or Word and upload the file. Label your answer with your name and Student ID and put your Student ID in the saved file name
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