Summary Assessment 1_ FAC2602 SEMESTER 1 2025

Dashboard Calendar




Question1

Complete

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The Investment in Mwana Limited in the consolidated statement of financial position amounts to:



1. Nil or zero
2. R16 000
3. R 8 000
4. R48 000




Question2

Complete

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What is the amount of the non-controlling interest in the Mubereki Group consolidated statement of profit or loss and other
comprehensive income for the year ended 30 June 2025:



1. R25 000

2. R3 800
3. R11 000
4. R6 520


3




What is the opening balance of the non-controlling interest in the Mubereki Group consolidated statement of changes in equity
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1. R23 080
2. R16 560
3. R11 280
4. R14 480

,Question

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Question4

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Assuming Mwana Limited 's revaluation reserve balance of R24 000 on buildings was as at date of acquisition. What is the non-
controlling interest amount of the revaluation reserve of land and buildings in the consolidated statement of financial position for 30
June 2025?




1. R24 000
2. RNil or zero
3. R4 800
4. R14 800




Question5

Complete

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What does the non-controlling interest portion of the retained earnings in Mubereki Limited Group consolidated statement of
financial position at 30 June 2025 amount to:



1. R11 000

2. R25 000
3. R114 000
4. R103 120


6

, Question

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Assuming Mubereki Limited controlled 100% of Mwana Limited, what is the disclosure amount for revaluation reserve of land and
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1. R74 000
2. R69 200
3. R50 000
4. R24 000




Question7

Complete

Marked out of 1




Assuming Mubereki Limited acquired only 40 000 ordinary shares in Mwana Limited on 1 July 2022. Each share carries one vote and
voting rights determines control of the company.

What will the ordinary share capital in consolidated statement of financial position on the 30 June 2025 amounts to:




1. R240 000
2. R200 000
3. Nil or zero
4. R250 000