?WX acquired 75% of the equity share capital of YZ several years ago. At 31 March 20X6 WX had goods in inventory valued at cost of $60,000, that had been purchased from YZ at a mark-up of 20%.
What is the effect on the profit attributable to the non-controlling interest, and the profit attributable to the parent company for
the year ended 31 March 20X6?
Profit attributable to non-controlling interest?Profit attributable to WX
????????????????????????????????????????????????? ?$
Sale price????????????? 120%?????? ??60,000???
Cost price????????????? 100%????????(50,000)
Gross profit??????????? ?20%?????????10,000
Unrealised profit attributable to NCI = $10,000 x 25% = $2,500
Unrealised profit attributable to WX = $10,000 x 75% = $7,500
多做幾道
Which accounting concept should be considered if the owner of a business takes goods from inventory for his own personal
use?
Which accounting concept should be considered if the owner of a business takes goods from inventory for his own personal
use?
According to the IASB's Conceptual Framework for Financial Reporting, which TWO of the following are part of faithful
representation?1 It is neutral2 It is relevant3 It is presented fairly4 It is free from material error
Which of the following accounting concepts means that similar items should receive a similar accounting treatment?
Listed below are some characteristics of financial information.1 Relevance2 Consistency3 Faithful representation4 Accuracy
Which of these are qualitative characteristics of financial information according to the IASB's Conceptual Framework for
Financial Reporting?
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