Solutions
TUTORING FOR FAC,MAC,ECS,STA,DSC,TAX, FIN ,INV,QMI, BNU,MNG,MNB,BSM, CLA
whatsapp me on+27737560989
EMAIL:
, Status Finished
Started Tuesday, 18 August 2026, 3:03 PM
Completed Tuesday, 18 August 2026, 4:33 PM
Duration 1 hour 30 mins
T UTORING FOR
Question 1
FAC,MAC,ECS,STA,DSC,TAX, FIN ,INV,QMI,
BNU,MNG,MNB,BSM, CLA
Complete
whatsapp me on+27737560989
EMAIL:
What is the pro forma consolidation journal entry to eliminate the intragroup debentures balance at 30
September 2026?
1. Dr Cash R67 500; Cr Debentures R67 500
2. Dr Debentures R67 500; Cr Investment in debentures Ltd R67 500
3.
No entry is required as the debenture balance is eliminated.
4. Dr Investment in debentures R67 500; Cr Debentures R67 500
Question 2
Complete
Assuming Hintsa Limited acquired 60% of shares in Khawuta Limited, what is the value of the non-
controlling interests (NCI) at the acquisition date (1 January 2026)?
1. R249 000
2. R369 000
3. R230 625
4. R553 500
,Question 3
Complete
Why is the investment in a subsidiary eliminated during consolidation?
1. To increase the parent companys reported assets.
2. To avoid double counting the subsidiarys net assets.
3. To recognize the parent companys full ownership in the subsidiary.
4. To simplify the consolidation process.
Question 4
Complete
What is the at acquisition pro forma journal entry to consolidate Hintsa Limited and Khawuta Limited?
1. Dr Ordinary Share Capital (Khawuta) R405 000; Dr Retained Earnings (Elsie) R427 500; Cr
Investment in Elsie R832 500
2. Dr Ordinary Share Capital (Khawuta) R405 000; Dr Retained Earnings (Khawuta) R427 500; Dr
Goodwill R375 625; Dr Non-controlling interests R208 125; Cr Investment in Elsie R1000 000
3. Dr Ordinary Share Capital (Khawuta) R405 000; Dr Retained Earnings (Khawuta) R427 500; Dr
Revaluation R90 000; Dr Goodwill R308 125; Cr Investment in Khawuta R1 000 000; Cr Non-
controlling interests R230 625.
4. Dr Share Capital (Hintsa) R2 050 000; Cr Investment in Khawuta R1000 000; Cr Non-controlling
interests R1 050 000.
Question 5
Complete
The Trade and other receivables in the consolidated statement of financial position amounts to:
1. R626 250
2. R567 187.50
3. R236 250
4. R390 000
, Question 6
Complete
The analysis of owner's equity of a subsidiary after the date of acquisition typically divides the period
into which parts?
1. Pre-acquisition and Post-acquisition.
2. Before current year, Current year, and After current year.
3. Initial, Intermediate, and Final periods.
4. At acquisition, Since acquisition to beginning of current year, and Current year.
Question 7
Complete
What is the total depreciation in the Consolidated statement profit or loss and other comprehensive
income for the year ended 30 September 2026?
1. R217 500
2. R150 000
3. R67 500
4. R200 625
T UTORING FOR
FAC,MAC,ECS,STA,DSC,TA
X, FIN ,INV,QMI,
BNU,MNG,MNB,BSM, CLA
Question 8
whatsapp me
Complete
on+27737560989
EMAIL:
m
What is the other comprehensive income amount in the Consolidated statement profit or loss and other
comprehensive income for the year ended 30 September 2026?
1. R15 000
2. R67 500
3. RNil
4. R90 000
TUTORING FOR FAC,MAC,ECS,STA,DSC,TAX, FIN ,INV,QMI, BNU,MNG,MNB,BSM, CLA
whatsapp me on+27737560989
EMAIL:
, Status Finished
Started Tuesday, 18 August 2026, 3:03 PM
Completed Tuesday, 18 August 2026, 4:33 PM
Duration 1 hour 30 mins
T UTORING FOR
Question 1
FAC,MAC,ECS,STA,DSC,TAX, FIN ,INV,QMI,
BNU,MNG,MNB,BSM, CLA
Complete
whatsapp me on+27737560989
EMAIL:
What is the pro forma consolidation journal entry to eliminate the intragroup debentures balance at 30
September 2026?
1. Dr Cash R67 500; Cr Debentures R67 500
2. Dr Debentures R67 500; Cr Investment in debentures Ltd R67 500
3.
No entry is required as the debenture balance is eliminated.
4. Dr Investment in debentures R67 500; Cr Debentures R67 500
Question 2
Complete
Assuming Hintsa Limited acquired 60% of shares in Khawuta Limited, what is the value of the non-
controlling interests (NCI) at the acquisition date (1 January 2026)?
1. R249 000
2. R369 000
3. R230 625
4. R553 500
,Question 3
Complete
Why is the investment in a subsidiary eliminated during consolidation?
1. To increase the parent companys reported assets.
2. To avoid double counting the subsidiarys net assets.
3. To recognize the parent companys full ownership in the subsidiary.
4. To simplify the consolidation process.
Question 4
Complete
What is the at acquisition pro forma journal entry to consolidate Hintsa Limited and Khawuta Limited?
1. Dr Ordinary Share Capital (Khawuta) R405 000; Dr Retained Earnings (Elsie) R427 500; Cr
Investment in Elsie R832 500
2. Dr Ordinary Share Capital (Khawuta) R405 000; Dr Retained Earnings (Khawuta) R427 500; Dr
Goodwill R375 625; Dr Non-controlling interests R208 125; Cr Investment in Elsie R1000 000
3. Dr Ordinary Share Capital (Khawuta) R405 000; Dr Retained Earnings (Khawuta) R427 500; Dr
Revaluation R90 000; Dr Goodwill R308 125; Cr Investment in Khawuta R1 000 000; Cr Non-
controlling interests R230 625.
4. Dr Share Capital (Hintsa) R2 050 000; Cr Investment in Khawuta R1000 000; Cr Non-controlling
interests R1 050 000.
Question 5
Complete
The Trade and other receivables in the consolidated statement of financial position amounts to:
1. R626 250
2. R567 187.50
3. R236 250
4. R390 000
, Question 6
Complete
The analysis of owner's equity of a subsidiary after the date of acquisition typically divides the period
into which parts?
1. Pre-acquisition and Post-acquisition.
2. Before current year, Current year, and After current year.
3. Initial, Intermediate, and Final periods.
4. At acquisition, Since acquisition to beginning of current year, and Current year.
Question 7
Complete
What is the total depreciation in the Consolidated statement profit or loss and other comprehensive
income for the year ended 30 September 2026?
1. R217 500
2. R150 000
3. R67 500
4. R200 625
T UTORING FOR
FAC,MAC,ECS,STA,DSC,TA
X, FIN ,INV,QMI,
BNU,MNG,MNB,BSM, CLA
Question 8
whatsapp me
Complete
on+27737560989
EMAIL:
m
What is the other comprehensive income amount in the Consolidated statement profit or loss and other
comprehensive income for the year ended 30 September 2026?
1. R15 000
2. R67 500
3. RNil
4. R90 000
