Kindly assist me FACULTY OF COMMERCE, MANAGEMENT AND LAW QUESTION 2 The following information...
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FACULTY OF COMMERCE, MANAGEMENT AND LAW QUESTION 2 The following information pertains to Asgard Limited: Mr Deadalus is the Chief Financial Officer of Asgard Limited. Mrs Deadalus, the wife of Mr Deadalus is a partner in Orion Ltd. Orion Inc is the accounting firm responsible for the compiling of the financial records of the Asgard group. The accounting fees for the reporting period ended 31 December 2021 was N$500000. 1. Nox Limited is responsible for the transport of the inventory of Asgard Limited. Nox Limited charged Asgard Limited N\$2 500000 for the safe transport of all the gold and gemstones that were mined. 2. Wraith Limited is an engineering company. They are responsible for all the maintenance on the mining equipment. Wraith Limited invoiced Asgard Limited for all the maintenance amounting to N$10000000 for the reporting period ended 31 December 2021. Asgard Limited invoiced Athosian Limited for the maintenance provided by Wraith Limited to the amount of N\$2 500000. 3. Genii Limited prepared a contract for a lease agreement for Athosian Limited at no cost
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