题目内容

What is the amount to be presented as the non-controlling interest in the consolidated statement of financial position of Rooney Co as at 31 December 20X6?

A. $1,895,000
B. $1,495,000
C. $1,910,000
D. $1,880,000

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When a bargain purchase is confirmed, how is it then recognised?

A. t is credited directly to retained earnings
B. t is credited to profit or loss
C. t is debited to profit or loss
D. t is deducted from positive goodwill

On 30 September 20X7, extracts from the statements of financial position of the two companies were: Anita Co Binita Co $'000 $'000 Equity shares of $1 each 125 100 Retained earnings 300 150 Total 425 250 What is the total equity which should appear in Anita Co's consolidated statement of financial position as at 30 September 20X7?

A. $470,000
B. $345,000
C. $445,000
D. $370,000

What is the correct figure for the carrying amount of the production equipment in Bash Co's statement of financial position as at 30 September 20X2?

A. $5,016,000
B. $6,270,000
C. $6,330,000
D. $6,360,000

Which of the following is a possible advantage of a rules-based system of financial reporting?

A. t encourages the exercise of professional judgement
B. t prevents a fire-fighting approach to the formulation of standards
C. t offers accountants more protection in the event of litigation
D. t ensures that no standards conflict with each other

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