Question

Selected income statement information for Novo Limited (Novo), a Hong Kong personal computer manufacturer, for the years ended March 31, Years 9 and 10. Novo applies Hong Kong financial reporting standards and reports itsresults in thousands of U.S. dollars. In answering this question, assume Novo uses either U.S. GAAP or IFRS; for purposes of this problem, this choice will not matter.


Compute the missing amounts for Year 9 and Year10.


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  • CreatedMarch 04, 2014
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5000