Fac3704 exam pack aswers Study guides, Class notes & Summaries
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FAC3704 exam pack aswers
- Other • 135 pages • 2021
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- $7.49
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TION 1 (SUGGESTED SOLUTION) 
Part (a)(i): 
Investment in associate (Limited): 
At acquisition: 
Investment in Limited at cost price (ordinary shares) – given 
Investment in Limited at cost price (preference shares) – given 
Since acquisition: 
Retained earnings ((-245 000 – 20 000) x 40%) 
Correction (106 000 – 102 000(cost price)) 
Current year: 
Profit for the period ((779 500 + 18 000 – 332 200 – 176 884) x 40%) 
Correction – see comment 1 
Dividends paid (30 000 x 40%) 
Intragr...
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FAC3704 exam pack aswers lockdown exam pack
- Case • 135 pages • 2021
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- $7.49
- + learn more
QUESTION 1 (SUGGESTED SOLUTION) 
Part (a)(i): 
Investment in associate (Limited): 
At acquisition: 
Investment in Limited at cost price (ordinary shares) – given 
Investment in Limited at cost price (preference shares) – given 
Since acquisition: 
Retained earnings ((-245 000 – 20 000) x 40%) 
Correction (106 000 – 102 000(cost price)) 
Current year: 
Profit for the period ((779 500 + 18 000 – 332 200 – 176 884) x 40%) 
Correction – see comment 1 
Dividends paid (30 000 x 40%) 
In...