FAC2602
ASSIGNMENT 4 SEMESTER 2 2023
,07/11/2023, 19:04 Assessment 4 (page 11 of 15)
FAC2602-23-S2 Welcome to FAC 2602 Assessment 4
QUIZ
Question11
Not yet answered
Marked out of 3
This assessment contains 15 questions. Use the scenario loaded under additional resources to answer the following
question. With reference to Part B, answer the following question relating to the cash ow statement of Everest (Pty) Ltd for
the year ended 31 May 2022. Select only one option per question.
The proceeds from the issue of shares as disclosed in the cash ow statement of Everest (Pty) Ltd amounts to:
a. R450 000
b. R950 000
c. R650 000
d. R500 000
Clear my choice
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07/11/2023, 18:17 Assessment 4 (page 1 of 15)
FAC2602-23-S2 Welcome to FAC 2602 Assessment 4
QUIZ
Question1
Not yet answered
Marked out of 3
This assessment contains 15 questions. Choose the correct option with respect
to associates and joint ventures.
An investor holds 40% in an associate. An intragroup pro t of R7 500 was
incurred.
a. An intragroup pro t of R7 500 x 40% should be eliminated in the group
statements.
b. This transaction does not affect other comprehensive income and
hence has no effect on the group statements.
c. An intragroup pro t of R7 500 x 60% should be eliminated in the group
statements.
d. The pro t and the asset should be reduced by R7 500 in the group
statements.
Clear my choice
Downloaded
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by: LIBRARYpro
by: LilGracev| |
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earn to
$1.236
earn
https://mymodules.dtls.unisa.ac.za/mod/quiz/attempt.php?attempt=14460852&cmid=588587
Distribution of this document is illegal extra per year? 1/1
R13,625
ASSIGNMENT 4 SEMESTER 2 2023
,07/11/2023, 19:04 Assessment 4 (page 11 of 15)
FAC2602-23-S2 Welcome to FAC 2602 Assessment 4
QUIZ
Question11
Not yet answered
Marked out of 3
This assessment contains 15 questions. Use the scenario loaded under additional resources to answer the following
question. With reference to Part B, answer the following question relating to the cash ow statement of Everest (Pty) Ltd for
the year ended 31 May 2022. Select only one option per question.
The proceeds from the issue of shares as disclosed in the cash ow statement of Everest (Pty) Ltd amounts to:
a. R450 000
b. R950 000
c. R650 000
d. R500 000
Clear my choice
Downloaded
Downloaded
by: LIBRARYpro
by: LilGracev| |
Want toWant
earn to
$1.236
earn
https://mymodules.dtls.unisa.ac.za/mod/quiz/attempt.php?attempt=14460852&cmid=588587&page=10
Distribution of this document is illegal extra per year? 1/1
R13,625
, Stuvia.com Stuvia.com
- The Marketplace
- The study-notes
to Buy and marketplace
Sell your Study Material
07/11/2023, 18:17 Assessment 4 (page 1 of 15)
FAC2602-23-S2 Welcome to FAC 2602 Assessment 4
QUIZ
Question1
Not yet answered
Marked out of 3
This assessment contains 15 questions. Choose the correct option with respect
to associates and joint ventures.
An investor holds 40% in an associate. An intragroup pro t of R7 500 was
incurred.
a. An intragroup pro t of R7 500 x 40% should be eliminated in the group
statements.
b. This transaction does not affect other comprehensive income and
hence has no effect on the group statements.
c. An intragroup pro t of R7 500 x 60% should be eliminated in the group
statements.
d. The pro t and the asset should be reduced by R7 500 in the group
statements.
Clear my choice
Downloaded
Downloaded
by: LIBRARYpro
by: LilGracev| |
Want toWant
earn to
$1.236
earn
https://mymodules.dtls.unisa.ac.za/mod/quiz/attempt.php?attempt=14460852&cmid=588587
Distribution of this document is illegal extra per year? 1/1
R13,625
