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Fac2602 Assignment 1 Of 2021 Solutions

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2020/2021 Written for academic year
Institution University Of South Africa (Unisa)
Course FAC2602 - Selected Accounting Standards And Simple Group Structures (FAC2602)
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FAC2602 ASSIGNMENT 1 OF 2021 SOLUTIONS

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FAC2602 ASSIGNMENT 01 OF 2021
UNIQUE NUMBER : 779824
DUE DATE : 26 MAY 2021

1 3

2 3

3 4

4 1

5 4

6 4 Only the share capital of the parent is recorded

7 3 The other componets of equity of the subsidiary has been eliminated

8 1 [1100000+900000-200000] = 1800000


9 3 [1500000+800000]= 2300000


10 2 [4100000+4300000]= 8400000


11 3 [200000-80%X(300000+1700000+95200)]= 323840


12 2

13 2 [1000000+680000]= 1680000


14 3 The investment has been eliminated against the owners' equity of the subsidiary

15 3 [7000000+5000000]= 12000000

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