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What is the fair value of the consideration

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What is the fair value of the consideration transferred for the acquisition of Sardonic?A$103.5 millionB$69 millionC$155.25 millionD$92 million(2 marks)
F3/FFA FINANCIAL ACCOUNTING12826.25 X Co acquired 80% of the equity share capital in Y Co on 31 July 20X6. Extracts from the twocompanies' statements of profit or loss for the year ended 30 September 20X6 were as follows:X CoY Co$'000$'000Revenue3 4002 400Cost of sales1 5001 800During the year ended 30 September 20X6, Y Co sold goods for $5 000 each month to X Co, at a markup of 25%. At the end of the year X Co had 50% of these goods left in inventory.What is the group gross profit for the year ended 30 September 20X6?A$1,901,000B$1,999,000C$2,004,000D$1,904,000(2 marks)26.26 WX acquired 75% of the equity share capital of YZ several years ago. At 31 March 20X6 WX had goodsin inventory valued at cost of $60,000, that had been purchased from YZ at a mark-up of 20%.What is the effect on the profit attributable to the non-controlling interest, and the profit attributable tothe parent company for the year ended 31 March 20X6?Profit attributable to non-controlling interestProfit attributable to WXAno effectdecrease by $5,000Bno effectdecrease by $12,000Cdecrease by $3,000decrease by $9,000Ddecrease by $2,500decrease by $7,500(2 marks)26.27 P owns 80% of the equity share capital of S The profit after tax of S for the year ended 31 December20X6 was $60 million. During 20X6, P sold goods to S for $4 million at cost plus 20%. At the year end50% of these goods were left in the inventory of S.What is non-controlling interest share of the after-tax profit of S for the year ended 31 December 20X6?A$11.36 millionB$11.6 millionC$11.68 millionD$12 million(2 marks)(Total = 54 marks)
QUESTIONS129Check that you can fill in the blanks in the statements below before you attempt any questions. If in doubt,you should go back to your BPP Interactive Text and revise first.xUsers of financial statements can gain a better understanding of thes…………… of the information infinancial statements by comparing it with otherr…………… information.xRatios provide information through ……………….xP………………ratiosinclude:Return on capital employedNet ………… as a percentage of sales……… turnover ratioG……… profit as a percentage of salesxLiquidity and working capital ratiosinclude:……………… ratio……………… ratioAccounts ……………… collection periodAccounts ……………… payment period……………… inventory ……………… periodxDebt andg……………… /leverage ratios include:Debt ratiosG…………..… ratio/leverageI……………… coverDo you know? – Interpretation of financial statements
F3/FFA FINANCIAL ACCOUNTING130Could you fill in the blanks? The answers are in bold. Use this page for revision purposes as you approachthe exam.xUsers of financial statements can gain a better understanding of thesignificanceof the information infinancial statements by comparing it with otherrelevantinformation.

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Term
Fall
Professor
N/A
Tags
Balance Sheet, Test, Generally Accepted Accounting Principles, Dr Purchases

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