Plow Co purchased 3,500 of the 10,000 $1 equity shares of Styre Co on 1 August 20X4 for $6
A、$25,375
B、$22,750
C、$27,125
D、$23,625
A、$25,375
B、$22,750
C、$27,125
D、$23,625
Wetherby Co purchased a machine on 1 July 20X7 for $500,000. It is being depreciated on a straight-line basis over its expected life often years. Residual value is estimated at $20,000. On 1 January 20X8, following a change in legislation, Wetherby Co fitted a safety guard to the machine. The safety guard cost $25,000 and has a useful life of five years with no residual value.What amount will be charged to profit or loss for the year ended 31 March 20X8 in respect of depreciation on this machine?
A、$37,500
B、$37,250
C、$36,250
D、$35,000
A、$25,000
B、$20,000
C、$5,000
D、$15,000
A、$4,765
B、$4,700
C、$4,600
D、$4,665
On 1 August 20X7 Patronic Co purchased 18 million of the 24 million $1 equity shares of Sardonic Co. The acquisition was through a share exchange of two shares in Patronic Co for every three shares in Sardonic Co. The market price of a share in Patronic Co at 1 August 20X7 was $5.75. Patronic Co will also pay in cash on 31 July 20X9 (two years after acquisition) $2.42 per acquired share of Sardonic Co.Patronic Co's cost of capital is 10% per annum.What is the amount of the consideration attributable to Patronic Co for the acquisition of Sardonic Co?
A、$105 million
B、$139.5 million
C、$108.2 million
D、$103.8 million
Huaxin Co purchased a building on 30 June 20X8 for $1,250,000. At acquisition, the useful life of the building was 50 years. Depreciation is calculated on the straight-line basis. 10 years later, on 30 June 20Y8 when the carrying amount of the building was $1,000,000, the building was revalued to $1,600,000. Banjo Co has a policy of transferring the excess depreciation on revaluation from the revaluation surplus to retained earnings. Assuming no further revaluations take place, what is the balance on the revaluation surplus at 30 June 20Y9?
A、$335,000
B、$310,000
C、$560,000
D、$585,000
Jewel Co has already carried out some market research and identified that sales quantities are expected to vary depending on the price charged. Consequently, the following data has been established for the first month:
Required:
(a) Calculate how many batches Jewel Co should import and sell. (6 marks)
(b) Explain why Jewel Co could not use the algebraic method to establish the optimum price for its product.
(4 marks)
On 30 September 20X7, extracts from the statements of financial position of the two companies were:
What is the total equity which should appear in Anita Co’s consolidated statement of financial position as at 30 September 20X7?
A.$125,000
B.$470,000
C.$345,000
D.$537,500
A、$514,560
B、$566,000
C、$564,560
D、$520,800
Ulysses Co owns 25% of Grant Co, which it purchased on 1 May 20X8 for $5 million. At that date Grant Co had retained earnings of $7.4 million. At the year-end date of 31 October 20X8 Grant Co had retained earnings of $8.5 million after paying out a dividend of $1 million. On 30 September 20X8 Ulysses Co sold $600,000 of goods to Grant Co, on which it made 30% profit Grant Co had resold none of these goods by 31 October.At what amount will Ulysses Co record its investment in Grant Co in its consolidated statement of financial position at 31 October 20X8?
A、$5,000,000
B、$5,275,000
C、$5,230,000
D、$4,855,000
A、Dr Depreciation charge $8,500 Cr Accumulated depreciation $8,500
B、Dr Depreciation charge $6,800 Dr Non-current assets $12,000 Cr Accumulated depreciation $18,800
C、Dr Accumulated depreciation $6,800 Cr Depreciation charge $6,800
D、Dr Depreciation charge $6,800 Cr Accumulated depreciation $6,800
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