explain how these events would be accounted for in accordance with AASB 110 ‘Events after the Reporting Period’.

On 22 August 2018, the management of Holloways Ltd completed a draft set of financial

 

statements for the year ended 30 June 2018. The board of directors signed a declaration

that the financial statements were prepared in accordance with the Corporations Act and

accounting standards on 14 September 2018, but Holloways did not publicly release its

profit and other selected financial information until 19 September 2018. The financial

statements were submitted to its shareholders for approval on 21 September 2018 and

approval was given on the same day.

The following events occurred after the end of the reporting period ended 30 June 2018.

Assuming that all amounts are material, explain how these events would be accounted for in

accordance with AASB 110 ‘Events after the Reporting Period’.

(a) The Commonwealth Treasurer announced a 3% increase in corporate tax rates on

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erive the differential equations in terms of the liquid heights h1 and h2.

  Figure 7.18 shows a liquid-level system in which two tanks have cross-sectional areas A1 and A2, respectively. The volume flow rate into tank 1 is qi. A pump is connected to the bottom….

Derive the differential equation relating the liquid height h and the volume flow rate qi at the inlet.

  Consider the single-tank liquid-level system shown in Figure 7.19, where the volume flow rate into the tank through a pipe is qi. The liquid leaves the tank through an orifice….

Derive the differential equations in terms of the liquid heights h1 and h2.

Figure 7.20 shows a hydraulic system of two interconnected tanks that have the same cross-sectional area of A. A pump is connected to tank 1. Assume that the relationship between the….