Question: this question pls Question 5 PART A How are statement of comprehensive income items translated from functional currency to presentation currency? [5 marks) PART B

this question pls

Question 5 PART A How are statement of comprehensive income items translated from functional currency to presentation currency? [5 marks) PART B Platypus Ltd is an Australian company with a functional currency of A$. The company entered into a number of transactions denominated in US$ during the year ended 30 June 2023. If the closing exchange rate is A$1.00 = US$0.77, determine the translated amount that will be included in the financial statements for each of the following transactions or events. ONLINE 1. Land at cost of US$600 0000 acquired on 1 February 2023 the exchange rate is A$1.00 = US$0.67 2. Land revalued to US$900 000 on 30 June 2023 that had cost US$400 000 on 1 February 2023 when the exchange rate was A$1.00 = US$0.67. 3. Credit sale of US$240 000 on 12 March 2023 when the exchange rate is A$1.00 = US$0.68. Received cash from debtor of US$120 000 on 30 June 2023. 4. Credit purchase of inventories of US$320 000 on 15 June 2023 when the exchange rate is A$1.00 = US$0.62. The creditor remains unpaid at 30 June 2023. 5. A loan payable of US$500 000 arranged on 1 January 2023 when the exchange rate is A$1.00 = US$0.60. On 30 June 2023, the outstanding interest on the loan is US$50,000

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