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In the consolidated statement of financial position of Beta and its subsidiary Gama at 31 December 20X9, what amount should appear for goodwill?
X Co: M Co owns 51% of the non-voting preference shares of X CoY Co: M Co has three 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.Z Co: M Co owns 75% of the ordinary share capital of Z Co, however Z Co is located overseas and is subject to tax in that country.
Tox $40,000At the date of acquisition, the fair value of the non‐controlling interest was valued at $34,000.In the consolidated statement of financial position of Tim Group at 31 March20X9, what amount should appear for non‐controlling interest?
Bing’s statement of financial position includes a receivable of $80,000 due from Gellar.In the consolidated statement of financial position what will be the correct amounts for receivables and payables?
Which of the following is not one of the three necessary elements to determine whether one entity has control of another?
Bella acquired 80% of the equity share capital of Nick on 1 January 20X9 when Nick had retained losses of $98,000. On 31 December 20X9, Bella acquired 30% of the equity share capital of Max when Max had retained earnings of $280,000. The summarised statements of financial position for the year‐ended 31 December 20X9 were as follows:
Property, plant and equipment
Investment in Nick
Investment in Max
Equity and reserves
Equity shares, $1
How should the investment in Tangerine Co be reflected in the financial statements of Ceyline Co?
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