00:01
We have to determine the transaction adjustment for the year 2020.
00:05
So, we need to calculate the subsidies net asset in canadian dollars as of december 31st, 2020 and compare it to net assets at the beginning of the year.
00:17
So, net assets on january 1st, 2020 we have is assets canadian 1 ,37 ,000 then liabilities we have is 64 ,000 canadian dollars.
00:54
So, that net assets is evaluated as assets wherein we subtracted by liabilities.
01:08
So, now putting in the values we get 1 ,37 ,000 wherein we subtract 64 ,000.
01:17
It is 73 ,000 canadian dollars.
01:25
Next evaluating net assets on december 31st, 2020.
01:37
So, under it we have assets 1 ,37 ,000 dollars, canadian dollars, liabilities 64 ,000 canadian dollars, profit 31 ,000 canadian dollars, dividends that is evaluated as 5 ,500 canadian dollars to which we add 5 ,500 canadian dollars.
02:30
So, the value then is 11 ,000 canadian dollars.
02:36
Further net assets is evaluated as assets wherein we subtract liabilities to which we add profit and subtract dividend to it.
03:02
So, now putting in the values we get 1 ,37 ,000 canadian dollars wherein we subtract 64 ,000 canadian dollars to which we add 31 ,000 canadian dollars wherein we subtracted by 11 ,000 canadian dollars.
03:31
So, the value then is obtained as 93 ,000 canadian dollars...