Improve your search results. Select your educational institution and subject so that we can show you the most relevant documents and help you in the best way possible.
Ok, I understand!
Your school or university
Improve your search results. Select your educational institution and subject so that we can show you the most relevant documents and help you in the best way possible.
Here are the best resources to pass fAC 3704 ASSIGNMENT 1. Find fAC 3704 ASSIGNMENT 1 study guides, notes, assignments, and much more.
All
1 results
Sort by
FAC 3704 ASSIGNMENT 1
Exam (elaborations) • 7
pages
• 2021
Each question counts 1 mark.

R

1. The correct answer is (3).

 Non- controlling interest

At acquisition

 Retained earnings (107 500 x 20%) 21 500

 Share capital (100 000 x 20%) 20 000

Since acquisition

 Retained earning (321 000 – 107 500) x 20% 42 700

Current year

 Profit for the year (124 000 x 20%) 24 800

 Intragroup sale of inventories (70 000 x 25/125 x 0,72) x 20% (2 016)

 Dividends paid (50 000 x 20%) (10 000)

 96 984

2. The correct answer is (1) R

Long term borrowings

Ge...
Each question counts 1 mark.

R

1. The correct answer is (3).

 Non- controlling interest

At acquisition

 Retained earnings (107 500 x 20%) 21 500

 Share capital (100 000 x 20%) 20 000

Since acquisition

 Retained earning (321 000 – 107 500) x 20% 42 700

Current year

 Profit for the year (124 000 x 20%) 24 800

 Intragroup sale of inventories (70 000 x 25/125 x 0,72) x 20% (2 016)

 Dividends paid (50 000 x 20%) (10 000)

 96 984

2. The correct answer is (1) R

Long term borrowings

Ge...
Do you wonder why so many students wear nice clothes, have money to spare and enjoy tons of free time? Well, they sell on Stuvia! Imagine your study notes being downloaded a dozen times for $15 each. Every. Single. Day.
Fear of missing out? Then don’t!
Do you wonder why so many students wear nice clothes, have money to spare and enjoy tons of free time? Well, they sell on Stuvia! Imagine your study notes being downloaded a dozen times for $15 each. Every. Single. Day.
Discover all about earning on Stuvia