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