B407F Week 1 Tutorial Solution

B407F Week 1 Tutorial Solution - B407F Week 1 Tutorial...

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B407F Week 1 Tutorial Discussion Solution Question 1 Statement of financial position Investments in associates Investments in jointly controlled entities Minority interests (non-controlling interests) Statement of income Share of profit of associates Share of profit/(loss) of jointly controlled entities Loss attributable to minority interests (non-controlling interests) Profit attributable to: – Equity holders of the Company – Minority interests (non-controlling interests) Question 2 Yes No 1. Company A acquires the net assets of the service operation of Company B . All operating systems, staff and senior management are transferred to Company A. 2. Company C acquires the net assets of Company D , but does not take over D’s systems or retain D’s senior management. (1) 3. Company F purchases all of the furniture and fixtures that comprises the computer and telephone systems of a company that is winding up its operations. 4.
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This note was uploaded on 02/24/2012 for the course ACT 407 taught by Professor Mshui during the Fall '11 term at The Open University.

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B407F Week 1 Tutorial Solution - B407F Week 1 Tutorial...

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