This document contains information about business combinations, consolidation, goodwill, non-controlling interests, and financial statements. It discusses the accounting treatment for acquisitions under PFRS 3 including recognizing identifiable assets acquired and liabilities assumed at acquisition-date fair value, how to account for non-controlling interests, and how to test goodwill for impairment annually. It also provides financial information for multiple companies.
This document contains information about business combinations, consolidation, goodwill, non-controlling interests, and financial statements. It discusses the accounting treatment for acquisitions under PFRS 3 including recognizing identifiable assets acquired and liabilities assumed at acquisition-date fair value, how to account for non-controlling interests, and how to test goodwill for impairment annually. It also provides financial information for multiple companies.
This document contains information about business combinations, consolidation, goodwill, non-controlling interests, and financial statements. It discusses the accounting treatment for acquisitions under PFRS 3 including recognizing identifiable assets acquired and liabilities assumed at acquisition-date fair value, how to account for non-controlling interests, and how to test goodwill for impairment annually. It also provides financial information for multiple companies.
2. MIME TO IMMITATE Co. – on or before September 30 3. An acquirer should - Recognize as an intangible asset and annually impairment test 4. Which of the following - Acquisition method 5. PFRS 3 requires the acquirer - acquisition-date fair value 6. Given the following information - A+B+C-D 7. What is the basis for consolidation? - control 8. TIPPLE - TIPPLE can exercise control because it controls more than 50% of the voting power, and it can govern the financial and operating policies of DRINK through its control of the board of directors. 9. VOLUBLE TALKATIVE Co. - Neither the national regulator nor the overseas entity 10. Are the following statements - True, False 11. Where should NCI - Within equity but separate from the parent shareholders’ equity. 12. Watkins, Inc. - 285000 13. Mango, Inc. – 75000 14. Should the following costs - No No 15. Richway Company – 4 million 16. Brendan, Inc. - 36,000 17. In a business combination - reassess the recognition and measurement of the net assets acquired and the consideration transferred, then recognize any excess immediately in profit or loss 18. ZZ Corp. - 150000 19. VERITY FIRMNESS Co. - 1240000 20. BDO Company – 94 million 21. AIG Company - 1470000 22. Under PFRS 10 – fair value with any gain or loss recognized in OCI 23. The following statements are based on PFRS 3 – only statement III is false
24. Goodwill proportionate basis – B - 1500000
25. NCI proportionate basis – C - 2000000 26. Goodwill full basis – C - 1700000 27. NCI full basis – D - 2200000
28. The White Company - 1520000
29. Goodwill should be reported – it is acquired through the acquisition of another business 30. Is shares are issued as part - Acquisition expenses
31. Conso FS - 550000
32. NCI in NA - 638000 33. Conso RE - 2864000 34. Conso TA - 5942000 35. Conso TE - 4702000