FAC2602 EXAM PACK 2026 - DISTINCTION

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,REQUIRED:

After taking the abovementioned information into account, answer the following multiple choice
questions (choose only A, B, C or D) concerning the consolidated statement of financial position
of XYZ Limited and its subsidiary for the financial year ended 30 June 2014 in compliance with
the requirements of the Companies Act, 1973 and Generally Accepted Accounting Practice.
Ignore taxation on unrealised profits and/or losses as well as capital gains tax.

1. Ordinary share capital in the consolidated statement of financial position amounts to:

A. R200 000
B. R250 000
C. R240 000
D. None of the above.

2. Revaluation reserve of land and buildings in the consolidated statement of financial
position amounts to:

A. R69 200
B. R74 000
C. R50 000
D. None of the above.

3. Unrealised profit adjustment on closing inventories in the analysis of shareholders’
equity of ABC Limited amounts to:

A. R16 000
B. R13 600
C. R 6 800
D. None of the above.

4. Retained earnings in the consolidated statement of financial position amount to:

A. R103 120
B. R 84 000
C. R114 000
D. None of the above.

5. Non-controlling interest in the consolidated statement of financial position amounts to:

A. R21 000
B. R25 800
C. R23 080
D. None of the above.

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