FAC2602 Assignment 1 (COMPLETE
ANSWERS) Semester 1 2025 - DUE
2025
100% TRUSTED
WORKINGS AND
SOLUTIONS
This work is original and free from plagiarism.
Any references or quotations are properly cited.
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discourages dishonest practices, including
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Dashboard Calendar
Dashboard / My courses / FAC2602-25-S1 / Welcome Message / Assessment 1
Started on Tuesday, 25 March 2025, 6:09 PM
State Finished
Completed on Tuesday, 25 March 2025, 8:00 PM
Time taken 1 hour 50 mins
Marks 28/40
Grade 70 out of 100
Question 1
Complete
Mark 1 out of 1
Assuming Mubereki Limited controlled 100% of Mwana Limited, what is the disclosure amount for revaluation reserve of land and
buildings in the consolidated statement of financial position for 30 June 2025:
1. R69 200
2. R24 000
3. R50 000
4. R74 000
The correct answer is: R74 000
Question 2
Complete
Mark 0 out of 1
The Cash and cash equivalents in the consolidated statement of financial position amounts to:
1. Bank overdraft R54 000
2. Bank overdraft R46 000
3.
Cash and cash equivalents (R54 000)
4. Cash and cash equivalents R46 000
The correct answer is: Cash and cash equivalents R46 000
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Question 3
Complete
Mark 1 out of 1
Dashboard Calendar
The Investment in Mwana Limited in the consolidated statement of financial position amounts to:
Dashboard / My courses / FAC2602-25-S1 / Welcome Message / Assessment 1
1. R48 000
2. Nil or zero
3. R16 000
4. R 8 000
The correct answer is: Nil or zero
Question 4
Complete
Mark 1 out of 1
What does the Land and buildings in the Mubereki Limited group consolidated statement of financial position for 30 June 2025
amount to:
1. R250 000
2. R267 000
3. R291 000
4. R253 600
The correct answer is: R267 000
Question 5
Complete
Mark 1 out of 1
In the context of this scenario, why did Mubereki Limited pay a premium to acquire Mwana Limited?
1. Mwana Limited had pre-incorporation agreements such as contracts, partnerships, or customer commitments that enhance its
value
2. Mwana Limited had been operating for a long period
3. Mwana Limited had a unique business model
4. Mwana Limited management had better negotiation skills
The correct answer is: Mwana Limited had pre-incorporation agreements such as contracts, partnerships, or customer commitments
that enhance its value
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ANSWERS) Semester 1 2025 - DUE
2025
100% TRUSTED
WORKINGS AND
SOLUTIONS
This work is original and free from plagiarism.
Any references or quotations are properly cited.
LearnedWriter upholds academic integrity and
discourages dishonest practices, including
plagiarism.
, lOMoARcPSD|52021443
Dashboard Calendar
Dashboard / My courses / FAC2602-25-S1 / Welcome Message / Assessment 1
Started on Tuesday, 25 March 2025, 6:09 PM
State Finished
Completed on Tuesday, 25 March 2025, 8:00 PM
Time taken 1 hour 50 mins
Marks 28/40
Grade 70 out of 100
Question 1
Complete
Mark 1 out of 1
Assuming Mubereki Limited controlled 100% of Mwana Limited, what is the disclosure amount for revaluation reserve of land and
buildings in the consolidated statement of financial position for 30 June 2025:
1. R69 200
2. R24 000
3. R50 000
4. R74 000
The correct answer is: R74 000
Question 2
Complete
Mark 0 out of 1
The Cash and cash equivalents in the consolidated statement of financial position amounts to:
1. Bank overdraft R54 000
2. Bank overdraft R46 000
3.
Cash and cash equivalents (R54 000)
4. Cash and cash equivalents R46 000
The correct answer is: Cash and cash equivalents R46 000
Downloaded by Master Vincent ()
, lOMoARcPSD|52021443
Question 3
Complete
Mark 1 out of 1
Dashboard Calendar
The Investment in Mwana Limited in the consolidated statement of financial position amounts to:
Dashboard / My courses / FAC2602-25-S1 / Welcome Message / Assessment 1
1. R48 000
2. Nil or zero
3. R16 000
4. R 8 000
The correct answer is: Nil or zero
Question 4
Complete
Mark 1 out of 1
What does the Land and buildings in the Mubereki Limited group consolidated statement of financial position for 30 June 2025
amount to:
1. R250 000
2. R267 000
3. R291 000
4. R253 600
The correct answer is: R267 000
Question 5
Complete
Mark 1 out of 1
In the context of this scenario, why did Mubereki Limited pay a premium to acquire Mwana Limited?
1. Mwana Limited had pre-incorporation agreements such as contracts, partnerships, or customer commitments that enhance its
value
2. Mwana Limited had been operating for a long period
3. Mwana Limited had a unique business model
4. Mwana Limited management had better negotiation skills
The correct answer is: Mwana Limited had pre-incorporation agreements such as contracts, partnerships, or customer commitments
that enhance its value
Downloaded by Master Vincent ()
