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Alderminster Co acquired a 70% holding in Bidford ...

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

提问人:网友szg1902 发布时间:2022-01-07
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第6题

Premier Co acquired 80% of Sanford Co on 1 June 20X1. Sales from Sanford Co to Premier Co throughout the year ended 30 September 20X1 were consistently $1 million per month. Sanford Co made a mark-up on cost of 25% on these sales. At 30 September 20X1 Premier Co was holding $2 million inventory that had been supplied by Sanford Co in the post-acquisition period.By how much will the unrealised profit decrease the profit attributable to the non-controlling interest for the year ended 30 September 20X1?

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第7题

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D、No effect on group inventory

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