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On 1 August 20X7 Patronic Co purchased 18 million ...

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

提问人:网友hhhh7122 发布时间:2022-01-07
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第1题
[图]A、1/4B、12/21C、1/2D、6/11...

A、1/4

B、12/21

C、1/2

D、6/11

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第2题
1 3 4 7 11 ( )

A、16

B、17

C、18

D、19

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第3题
[图]A、7B、4C、14D、16...

A、7

B、4

C、14

D、16

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第4题
Crash Co acquired 70% of Bang Co's 100,000 $1 ordinary shares for $800,000 when the retained earnings of Bang Co were $570,000 and the balance in its revaluation surplus was $150,000. Bang Co also has an internally developed customer list which has been independently valued at $90,000. The non-controlling interest in Bang Co was judged to have a fair value of $220,000 at the date of acquisition.What was the goodwill arising on acquisition?

A、$200,000

B、$163,000

C、$226,000

D、$110,000

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第5题
Phantom Co acquired 70% of the $100,000 equity share capital of Ghost Co, its only subsidiary, for $200,000 on 1 January 20X9 when the retained earnings of Ghost Co were $156,000.At 31 December 20X9 retained earnings are as follows: $ Phantom Co 275,000 Ghost Co 177,000 Phantom Co considers that goodwill on acquisition is impaired by 50%. Non-controlling interest is measured at fair value, estimated at $82,800.Using the drop down box, select what are group retained earnings at 31 December 20X9?

A、$262,900

B、$280,320

C、$289,700

D、$585,700

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第6题
Tazer Co, a parent company, acquired Lowdown Co, an unincorporated entity, for $2.8 million. A fair value exercise performed on Lowdown Co's net assets at the date of purchase showed: $'000 Property, plant and equipment 3,000 Identifiable intangible asset 500 Inventories 300 Trade receivables less payables 200 4,000 How should the purchase of Lowdown be reflected in Tazer Co's consolidated statement of financial position?

A、Record the net assets at their values shown above and credit profit or loss with $1.2 million

B、Record the net assets at their values shown above and credit Tazer Co's consolidated goodwill with $1.2 million

C、Write off the intangible asset ($500,000), record the remaining net assets at their values shown above and credit profit or loss with $700,000

D、Record the purchase as a financial asset investment at $2.8 million

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第7题
On 1 July 20X7, Spider Co acquired 60% of the equity share capital of Fly Co and on that date made a $10 million loan to Fly Co at a rate of 8% per annum.What will be the effect on group retained earnings at the year-end date of 31 December 20X7 when this intragroup transaction is cancelled?

A、Group retained earnings will increase by $400,000

B、Group retained earnings will be reduced by $240,000.

C、Group retained earnings will be reduced by $160,000.

D、There will be no effect on group retained earnings.

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第8题
Hillusion Co acquired 80% of Skeptik Co on 1 July 20X2. In the post-acquisition period Hillusion Co sold goods to Skeptik Co at a price of $12 million. These goods had cost Hillusion Co $9 million. During the year to 31 March 20X3 Skeptik Co had sold $10 million (at cost to Skeptik Co) of these goods for $15m million.How will this affect group cost of sales in the consolidated statement of profit or loss of Hillusion Co for the year ended 31 March 20X3?

A、Increase by $11.5 million

B、Increase by $9.6 million

C、Decrease by $9.6 million

D、Decrease by $11.5 million

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第9题

Alderminster Co acquired a 70% holding in Bidford Co on 1 January 20X4 for $600,000. At that date the fair value of the net assets of Bidford Co was $700,000. Alderminster Co measures non-controlling interest at its share of net assets,On 31 December 20X6 Alderminster Co sold all its shares in Bidford Co for $950,000. At that date the fair value of Bidford Co's net assets was $850,000. Goodwill was not impaired.What was the profit or loss on disposal to be recognised in the consolidated financial statements of Alderminster Co?

A、$245,000 profit

B、$135,000 loss

C、$200,000 profit

D、$200,000 loss

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第10题

On 1 January 20X3 Westbridge Co acquired all of Brookfield Co's 100,000 $1 shares for $300,000. The goodwill acquired in the business combination was $40,000, of which 50% had been written off as impaired by 31 December 20X5. On 31 December 20X5 Westbridge Co sold all of Brookfield Co's shares for $450,000 when Brookfield Co had retained earnings of $185,000.Using the drop down box, select which is the correct answer for the profit on disposal that should be included in the CONSOLIDATED financial statements of Westbridge Co?

A、$145,000

B、$165,000

C、$245,000

D、$330,000

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