Witch Co acquired 70% of the 200,000 equity shares...

第1题

Witch Co acquired 70% of the 200,000 equity shares of Wizard, its only subsidiary, on 1 April 20X8 when the retained earnings of Wizard Co were $450,000. The carrying amounts of Wizard Co's net assets at the date of acquisition were equal to their fair values apart from a building which had a carrying amount of $600,000 and a fair value of $850,000. The remaining useful life of the building at the acquisition date was 40 years.Witch Co measures non-controlling interest at fair value, based on share price. The market value of Wizard Co shares at the date of acquisition was $1.75.At 31 March 20X9 the retained earnings of Wizard Co were $750,000. At what amount should the non-controlling interest appear in the consolidated statement of financial position of Witch Co at 31 March 20X9?

A、$193,125

B、$195,000

C、$196,875

D、$191,500

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第2题

2. When all of the physiological needs are met, people tend to become concerned with ________.

A、social needs

B、safety needs

C、esteem needs

D、sel-acutalization needs

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第3题

Use the fork on the right and the knife on the left.

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第4题

A cash-generating unit comprises the following assets: $'000 Building 700 Plant and equipment 200 Goodwill 90 Current assets 20 1,010 One of the machines, carried at $40,000, is damaged and will have to be scrapped. The recoverable amount of the cash-generating unit is estimated at $750,000. What will be the carrying amount of the building when the impairment loss has been recognised?(to the nearest $'000)

A、$597,000

B、$577,000

C、$594,000

D、$548,000

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第5题

Consolidated financial statements are presented on the basis that the companies within the group are treated as if they are a single economic entity. Which TWO of the following are requirements of preparing consolidated financial statements? (1)All subsidiaries must adopt the accounting policies of the parent in their individual financial statements (2)Subsidiaries with activities which are substantially different to the activities of other members of the group should not be consolidated (3)All entity financial statements within a group should normally be prepared to the same accounting year end prior to consolidation (4)Unrealised profits within the group must be eliminated from the consolidated financial statements

A、(3) and (4)

B、(1) and (2)

C、(2) and (4)

D、(1) and (3)

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第6题

Quartile Co is in the jewellery retail business which can be assumed to be highly seasonal. For the year ended 30 September 20X5, Quartile Co assessed its operating performance by comparing selected accounting ratios with those of its business sector average as provided by an agency. Assume that the business sector used by the agency is a meaningful representation of Quartile Co's business. Which TWO of the following circumstances may invalidate the comparison of Quartile Co's ratios with those of the sector average? (1)In the current year, Quartile Co has experienced significant rising costs for its purchases (2)The sector average figures are compiled from companies whose year ends are between 1 July 20X5 and 30 September 20X5 (3)Quartile Co does not revalue its properties, but is aware that other entities in this sector do (4)During the year, Quartile Co discovered an error relating to the inventory count at 30 September 20X4. This error was correctly accounted for in the financial statements for the current year ended 30 September 20X5

A、(2) and (3)

B、(1) and (4)

C、(2) and (4)

D、(1) and (3)

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第7题

Parket Co acquired 60% of Suket Co on 1 January 20X7. The following extract has been taken from the individual statements of profit or loss for the year ended 31 March 20X7: Parket Co Suket Co $'000 $'000 Cost of sales 710 480 Parket Co consistently made sales of $20,000 per month to Suket Co throughout the year. At the year end, Suket Co held $20,000 of this in inventory. Parket Co made a mark-up on cost of 25% on all sales to Suket Co. Using the drop down box select the correct figure for Parket Co's consolidated cost of sales for the year ended 31 March 20X7?

A、$954,000

B、$950,000

C、$774,000

D、$766,000

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第8题

拉斯维尔5W模式是一种____________的传播模式。

A、单向

B、双向

C、多向

D、无向

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Witch acquired 70% of the 200,000 equity shares of Wizard, its only subsidiary, on 1