快速查题-ACCA英国注册会计师试题

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?

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?

 WX acquired 75% of the equity share capital of YZ several years ago. At 31 March 20X6 WX had goods in inventory valued at cost of $60,000, that had been purchased from YZ at a mark-up of 20%.

What is the effect on the profit attributable to the non-controlling interest, and the profit attributable to the parent company for

the year ended 31 March 20X6?

Profit attributable to non-controlling interest Profit attributable to WX

 P owns 80% of the equity share capital of S The profit after tax of S for the year ended 31 December 20X6 was $60 million.

During 20X6, P sold goods to S for $4 million at cost plus 20%. At the year end 50% of these goods were left in the inventory

of S.

What is non-controlling interest share of the after-tax profit of S for the year ended 31 December 20X6?

Which of the following companies are subsidiaries of Gamma Co?

Zeta Co: Gamma Co owns 51% of the non-voting preference shares of Zeta Co Iota Co: Gamma Co has 3 representatives on the board of directors of Iota Co. Each director can cast 10 votes each out of the total of 40 votes at board meetings.

Kappa Co: Gamma Co owns 75% of the ordinary share capital of Kappa Co, however Kappa Cois located overseas and is

subject to tax in that country.

The statements of financial position of the two companies at 31 December 20X3 were as follows:

There have been no changes in the share capital or share premium account of either company since 1 January 20X3. Th

e fair value of the non-controlling interest on acquisition was $65,000.

What figure for goodwill on consolidation should appear in the consolidated statement of financial position of the Hilton group

at 31 December 20X3?

 What figure for non-controlling interest should appear in the consolidated statement of financial position of the Hilton group at 31 December 20X3?

Fanta Co acquired 100% of the ordinary share capital of Tizer Co on 1 October 20X7.

On 31 December 20X7 the share capital and retained earnings of Tizer Co were as follows:

                                                                                       $'000

Ordinary shares of $1 each                                              400 

Retained earnings at 1 January 20X7                              100

Retained profit for the year ended 31 December 20X7     80

                                                                                          580

The profits of Tizer Co have accrued evenly throughout 20X7. Goodwill arising on the acquisition of Tizer Co was $30,000.

What was the cost of the investment in Tizer Co?

Evergreen Co owns 35% of the ordinary shares of Deciduous. What is the correct accounting treatment of the revenues and

costs of Deciduous for reporting period in the consolidated statement of profit or loss of the Evergreen group?