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Jon operates a retail food outlet. His business meets the criteria for a small business entity and has supplied the following data;
Rental payments (including 3 months $60,000 paid in advance as at 30 June 2020) 300,000
Insurance premium payments (including 6 months $24,000 paid in advance as at 30 June 2020) 72,000
Equipment lease payments (including 24 months $240,000 paid in advance at 30 June 2020) 360,000
Required:
Instructor Guidance: Purchasing power parity (PPP) is one of a series of parity relations regarding the exchange rate between two countries.
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