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- IFRS 10 – Consolidated Financial Statements 0%
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Question 1 of 10
1. Question
Which of the following is not an example of protective rights?
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Question 2 of 10
2. Question
Which of the following should be considered to determine whether an investor’s rights are sufficient to give it power over an investee?
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Question 3 of 10
3. Question
Which of the following is an example of protective rights?
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Question 4 of 10
4. Question
Under what circumstances it is possible to consolidate a parent with its subsidiary if their reporting dates are different?
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Question 5 of 10
5. Question
Select a correct statement with regards to loss of control:
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Question 6 of 10
6. Question
P holds 80% of S. During the current accounting period, P sold goods to S for $500, which gave P a profit of $100. These goods were included in the inventory of S at the end of the reporting period. What accounting impact will this transaction have on Consolidated Statement of Financial Position?
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Question 7 of 10
7. Question
P holds 80% of S. S pays dividends to its investors on the last day of the accounting period in amount of $1,000. What accounting treatment will this transaction have during consolidation?
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Question 8 of 10
8. Question
P holds 70% of S. S holds 60% of A. As at the reporting date retained earnings of P, S and A are $1,600, $1,400 and $500 respectively. What is a correct amount of retained earnings in P’s Consolidated Statement of Financial Position as at this reporting date?
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Question 9 of 10
9. Question
P holds 60% of S and 80% of A. As at the reporting date current assents of P, S and A amount to $100, $70 and $60 respectively. What is a correct amount of current assets in P’s Consolidated Statement of Financial Position as at this reporting date?
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Question 10 of 10
10. Question
P holds 70% of S. S holds 80% of T. What is non-controlling interest of P in relation to T?
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