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单选题 379 Salt owns 70% of Pepper and sold goods to Pepper valued at $1,500 at a mark-up of 20%. 40% of these goods were sold on by Pepper to external parties at the year end.What is the provision for unrealised profit (PURP) adjustment in the group financial statements?( )
学科：FA（财务会计）
时间：2023-12-29 20:52:08
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题目1单选题
373 At 1 January 20X4 Yogi acquired 80% of the share capital of Bear for $1,400,000. At that date the share capital of Bear consisted of 600,000 equity shares of $0.50 each and its reserves were $800,000. The fair value of the non-controlling interest was valued at $300,000 at the date of acquisition.In the consolidated statement of financial position of Yogi and its subsidiary Bear at31 December 20X8, what amount should appear for goodwill? ( )A. $600,000B. $300,000C. $800,000D. $Nil
题目2单选题
374 At 1 January 20X8 Tom Co acquired 80% of the share capital of Jerry Co for $100,000. At that date the share capital of Jerry Co consisted of 50,000 equity shares of $1 each and its reserves were $30,000. At 31 December 20X9 the reserves of Tom Co and Jerry Co were as follows:Tom Co $400,000Jerry Co $50,000In the consolidated statement of financial position of Tom and its subsidiary Jerry at 31 December 20X9, what amount should appear for group reserves?( )A. $400,000B. $438,000C. $416,000D. $404,000
题目3单选题
375 At 1 January 20X6 Fred Co acquired 75% of the share capital of Barney Co for $65,000. At that date the share capital of Barney Co consisted of 20,000 equity shares of $1 each and its reserves were $40,000. The fair value of the non-controlling interest was valued at $20,000 at 1 January 20X6.In the consolidated statement of financial position of Fred Co and its subsidiary Barney Co at 31 December 20X9, what amount should appear for goodwill? ( )A. $45,000B. $15,000C. $25,000D. $5,000
题目4单选题
376 At 1 January 20X6 Gary Co acquired 60% of the share capital of Barlow Co for $35,000. At that date the share capital of Barlow Co consisted of 20,000 equity shares of $1 each and its reserves were $10,000. At 31 December 20X9 the reserves of Gary Co and Barlow Co were as follows:Gary Co $40000Barlow Co $15,000At the date of acquisition the fair value of the non-controlling interest was valued at $25,000. In the consolidated statement of financial position of Gary Group at 31 December 20X9, what amount should appear for non-controlling interest? ( )A. $25,000B. $27,000C. $28,000D. $31,000
题目5单选题
377 At 1 January 20X8 Williams acquired 65% of the share capital of Barlow for $300,000. At that date the share capital of Barlow consisted of 400,000 equity shares of $0.50 each and its reserves were $60,000. At 31 December 20X9 the reserves of Williams and Barlow were as follows:Williams $200,000Barlow $75,000The fair value of the non-controlling interest was valued at $50,000 at the date of acquisition. In the consolidated statement of financial position of Williams Group at 31 December 20X9, what amount should appear for non-controlling interest?( )A. $55,250B. $50,000C. $76,250D. $5,250
题目6单选题
378 The following are extracts from the statements of financial position of Dora and Diego: Dora Diego $000 $000 Current assets Inventory 200 100 Receivables 540 160 Cash 240 80 Current liabilities Payables 320 180Dora's statement of financial position includes a receivable of $40,000 due from Diego.In the consolidated statement of financial position what will be the correct amounts for receivables and payables?( )A. Payables: $460,000 Receivables:$660,000B. Payables: $306,000 Receivables:$660,000C. Payables: $294,000 Receivables:$694,000D. Payables: $294,000 Receivables:$654,000
题目7单选题
379 Salt owns 70% of Pepper and sold goods to Pepper valued at $1,500 at a mark-up of 20%. 40% of these goods were sold on by Pepper to external parties at the year end.What is the provision for unrealised profit (PURP) adjustment in the group financial statements?( )A. $100B. $150C. $240D. $120
题目8单选题
Hard acquired 80% of the equity share capital of Work on 1 April 20X8. The summarised statement of profit or loss for the year-ended 31 March 20X9 is as follows: Revenue: Hard $120,000;Work$48,000 Cost of sales:Hard $ 84,000;Work$40,000 Gross profit:Hard $36,000;Work$ 8,000 Distribution costs:Hard $5,000;Work$ 100 Administration expenses:Hard $7,000;Work$ 300 Profit from operations:Hard $24,000;Work$ 7,600 Investment income:Hard$ 150 Finance costs:Work $400 Profit before tax:Hard $24,150;Work$7,200 Tax:Hard $6,000;Work$ 1,200 Profit for the year:Hard $ 18,150 ;Work$6,000During the year Hard sold Work some goods for $24m, these had originally cost $18m. At the year- end Work had sold half of these goods to third parties.Note: in the exam, all questions will be independent, and not based on a common scenario.381 What is the provision for unrealised profit (PURP) adjustment for the year-ended 31 March 20X9?( )A. $1,000,000B. $6,000,000C. $3,000,000D. $7,000,000
题目9单选题
Hard acquired 80% of the equity share capital of Work on 1 April 20X8. The summarised statement of profit or loss for the year-ended 31 March 20X9 is as follows:Revenue: Hard $120,000;Work$48,000Cost of sales:Hard $ 84,000;Work$40,000Gross profit:Hard $36,000;Work$ 8,000Distribution costs:Hard $5,000;Work$ 100Administration expenses:Hard $7,000;Work$ 300Profit from operations:Hard $24,000;Work$ 7,600Investment income:Hard$ 150Finance costs:Work $400Profit before tax:Hard $24,150;Work$7,200Tax:Hard $6,000;Work$ 1,200Profit for the year:Hard $ 18,150 ;Work$6,000During the year Hard sold Work some goods for $24m, these had originally cost $18m. At the year- end Work had sold half of these goods to third parties.Note: in the exam, all questions will be independent, and not based on a common scenario.382 What is the total share of group profit attributable to non-controlling interest?( )A. $1,200,000B. $4,800,000C. $3,630,000D. $1,440,000
题目10单选题
Hard acquired 80% of the equity share capital of Work on 1 April 20X8. The summarised statement of profit or loss for the year-ended 31 March 20X9 is as follows:Revenue: Hard $120,000;Work$48,000Cost of sales:Hard $ 84,000;Work$40,000Gross profit:Hard $36,000;Work$ 8,000Distribution costs:Hard $5,000;Work$ 100Administration expenses:Hard $7,000;Work$ 300Profit from operations:Hard $24,000;Work$ 7,600Investment income:Hard$ 150Finance costs:Work $400Profit before tax:Hard $24,150;Work$7,200Tax:Hard $6,000;Work$ 1,200Profit for the year:Hard $ 18,150 ;Work$6,000During the year Hard sold Work some goods for $24m, these had originally cost $18m. At the year- end Work had sold half of these goods to third parties.Note: in the exam, all questions will be independent, and not based on a common scenario.383 What is the total amount for revenue and cost of sales to be shown in the consolidated statement of profit or loss for the year-ended 31 March 20X9? ( )A. Sales:$144,000,000 Cost of sales:$100,000,000B. Sales:$168,000,000 Cost of sales:$97,400,000C. Sales:$192,000,000 Cost of sales:$100,600,000D. Sales:$144,000,000 Cost of sales:$103,000,000
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