快速查题-ACCA英国注册会计师试题

Volcano Co acquired 75% of the equity share capital of Lava Co on 1 September 20X3. The retained profits of the two

individual companies at the beginning and end of their financial year were as follows.

Volcano Co Lava Co $’000 $’000

Retained earnings at 1 January 20X3 596 264

Retained earnings at 31 December 20X3 650 336

What is the parent company’s share of consolidated retained earnings that should be reported in the consolidated statement of financial position of the Volcano Group at 31 December 20X3?

Tin Co acquired 90% of the equity share capital of Drum Co on 1 April 20X3. The following information relates to the financial year to 31 December 20X3 for each company.

Tin Co $’000                                                                                 Drum Co $’000

Retained earnings at 1 January 20X3                          840          170

Profit for the year                                                           70            60

Retained earnings at 31 December 20X3                   910            230

Neither company paid any dividends during the year

What profit is attributable to the parent company in the consolidated statement of profit or loss of the Tin Group for the year to 31 December 20x3?

Sand Co acquired 80% of the equity share capital of Sun Co several years ago. In the year to

31 December 20X4, Sand Co made a profit after taxation of $120,000 and Sun Co made a profit after taxation of $35,000.

During the year Sun Co sold goods to Sand Co at a price of $40,000. The profit mark-up was 40% on the sales price. At 31

December 20X4, 25% of these goods were still held in the inventory of Sand Co.

What profit is attributable to the parent company in the consolidated statement of profit or loss of the Sand Group for the year

to 31 December 20X4?

On 1 August 20X7 Patronic purchased 18 million of the 24 million $1 equity shares of Sardonic. The acquisition was through a share exchange of two shares in Patronic for every three shares in Sardonic. The market price of a share in Patronic at 1

August 20X7 was $5.75.

What is the fair value of the consideration transferred for the acquisition of Sardonic?

A department in a large organisation wishes to develop a method of predicting its total costs in a period. 

The following data have been recorded. 

The total cost model for a period could be represented by what equation? 

X Co acquired 80% of the equity share capital in Y Co on 31 July 20X6. Extracts from the two companies' statements of profit or loss for the year ended 30 September 20X6 were as follows：

                                                              X Co                            Y Co 

                                                              $'000                           $'000

Revenue                                                3 400                          2 400

Cost of sales                                         1 500                           1 800

During the year ended 30 September 20X6, Y Co sold goods for $5 000 each month to X Co, at a mark up of 25%. At the end of the year X Co had 50% of these goods left in inventory.

What is the group gross profit for the year ended 30 September 20X6?