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Happy Days Superannuation Plan Provides the Following Information Regarding Its

Question 31

Multiple Choice

Happy Days Superannuation Plan provides the following information regarding its assets and receipts for the year ended 30 June 2014: Happy Days Superannuation Plan provides the following information regarding its assets and receipts for the year ended 30 June 2014: During the period land acquired before 30 June 2013 was sold.The land had a cost of $4 million,a market value at 30 June 2013 of $4.5 million,and was sold for $6 million.What is the revenue of the superannuation plan for the period in accordance with AAS 25? A) $12 600 000 B) $6 585 750 C) $11 081 000 D) $6 581 000 During the period land acquired before 30 June 2013 was sold.The land had a cost of $4 million,a market value at 30 June 2013 of $4.5 million,and was sold for $6 million.What is the revenue of the superannuation plan for the period in accordance with AAS 25?


A) $12 600 000
B) $6 585 750
C) $11 081 000
D) $6 581 000

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