Seaction A

1. B

2. C

3. $40,000

4. A

5. C

6. D

7. D

8. $13,440

9. C

10. D

11. B

12.D

13. C

14. B

15. A

16. B

17. C

18. D

19. $560,000

20. B

21. A. TRUE 

      B. TRUE

22. C

23. B

24. A. TRUE   

      B. FALSE

25. A

26. D

27. A

28. C

29. C

30. A

31. D

32. B

33. D

34. $4,620

35. D

Seaction B

Question 1

36. Candy Co

Task 1

 

Task 2

(a) $73,750

Task 3

(a) Decreased

(b) Increased

Task 4

(a) (i) False

      (ii) True

Task 5

(a) $26,400

Question 2

37. Jack and Jill

Task 1

Task 2

(a) $13,500

Task 3

(a) $3,393,500

Task 4

Non-controlling interest describes shares in the subsidiary not held by the parent

20% of Cat’s profit after tax will be allocated to the non-controlling interest

Task 5