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For the DQ2 assignment, you are required to complete the following computational exercise and critically evaluate your findings. HiAce Ltd commenced trading as suppliers of components for the automotive industry on 1 January 20X9 issuing 700,000 ordinary shares of $1 each, fully paid, at par value for cash. The following financial statements were compiled using the historical cost concept for 20X9: HiAce, Ltd. Statement of Comprehensive income for the year ended 31 December 20 ...

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Tags: London  University of Liverpool Financial Statement Analysis Financial Statement Analysis 

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