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Australia
Adam Smith was responsible for managing his brother's Coffee Shop for 2 months while his brother went on holidays. Unfortunately his brother did not budget very well for the weekly beverage supply and Adam was, every week, short of beverages. In order to solve the last minute beverage shortages Adam made weekly purchases in the local supermarket. Adam paid for the goods on his credit card and did not bother keeping the invoices. According to this scenario explain:
What are the legal implications/record keeping requirements that were not met by Adam?
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What is your estimate of the value of Navarro's stock in early 2013?
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