考前冲刺阶段习题带练二

20213&6Calculatedthegoodwill20213&6CalculatedthegoodwillarisingontheacquisitionofSliverPreparetheconsolidatedstatementofprofitorlossforGoldCofortheyearended30September20213&6On1January20x2,GoldCoacquired90%ofthe16m$1equitysharescapitalofSliverCo.GoldCoissuedthreenewsharesinexchangeforeveryfivesharesitacquiredinSliverCo.Additionally,GoldCowillpayfurtherconsiderationon31December20x220213&6On1January20x2,GoldCoacquired90%ofthe16m$1equitysharescapitalofSliverCo.GoldCoissuedthreenewsharesinexchangeforeveryfivesharesitacquiredinSliverCo.Additionally,GoldCowillpayfurtherconsiderationon31December20x2of$2.42pershareacquired.GoldCo’scostofcapitalis10%perannumandthediscountfactorat10%foroneyearis0.9091.Atthedateofacquisition,sharesinGoldCoandSliverCohadfairvaluesof$8.00and$3.50respectively.GoldSliverReportingDrInterestexpense CrDeferredconsideration Working1:Deferred20213&6Statementofprofitorlossfortheyearended30SeptemberGoldSliverCost20213&6Statementofprofitorlossfortheyearended30SeptemberGoldSliverCostofGrossDistribution/Finance/ProfitbeforeIncometaxProfitforthe20213&6ThefollowinginformationisAt20213&6ThefollowinginformationisAt1October20x1,theretainedearningsofSliverCowereprofitofSliverRetainedearnings20213&6Atthedateofacquisition,thefairvalue20213&6Atthedateofacquisition,thefairvalueofSliverCo’sassetswereequaltotheircarryingamountswiththeexceptionoftwoitems:Anitemofplanthadafairvalueof$2.6maboveitscarryingamount.Theremaininglifeoftheplantatthedateofacquisitionwasthreeyears.Depreciationischargedtocostofsales.SilverCohadacontigentliabilitywhichGoldCoestimatedtohaveafairvalueof$850,000.Thishasnotchangedasat30September20x2.Sliverhasnotincorporatedthesefairvaluechangesintoitsfinancial1.30/9/20x2DrCostof 650—SliverCr Dr CrFairvalueofnetassetsatthedateof 2600Working2:Fairvalue20213&6Atthedateofacquisition,the20213&6Atthedateofacquisition,thefairvalueofSliverCo’sassetswereequaltotheircarryingamountstheexceptionoftwoAnitemofplanthadafairvalueof$2.6maboveitscarryingamount.Theremaininglifeoftheatthedateofacquisitionwasthreeyears.DepreciationischargedtocostofSilverCohadacontigentliabilitywhichGoldCoestimatedtohaveafairvalueof$850,000.Thishasnotchangedasat30September20x2.Sliverhasnotincorporatedthesefairvaluechangesintoitsfinancial2.ContingentDrFairvalueofnetassetsatthedateof CrContingent Working2:Fairvalue20213&63.GoldCo’spolicyistovaluethe20213&63.GoldCo’spolicyistovaluethenon-controllinginterestatfairvalueatthedateofacqusition.Forpurpose,SliverCo’ssharepriceatthatdatecanbedeemedtoberepresentativeofthefairvaluesofthesharesheldbythenon-controllinginterest.NCI=10%x16,000x4.SalesfromGoldCotoSliverCointhepost-acquisitionperiodhadconsistentlybeen$600,000perGoldComadeamark-uponcostof25%onthesesales.SliverCohad$1.2mofthesegoodsininventoryasat30September20x2.Intra-groupDrCostof 240—GoldCr DrRevenue600*9months CrCostof 5400—Working3:Intra-groupinventorysale(Pto20213&65.GoldCo’sinvestmentincomeisadividend20213&65.GoldCo’sinvestmentincomeisadividendreceivedfromitsinvestmentina40%ownedassociatewhichithasheldforseveralyears.Theassociatemadeaprofitof$3mfortheyearended30September20x2.DividendsreceivedfromshouldDrCrInvestmentinDrCrInvestmentactuallyShareofAssociate’sDrInvestmentin CrShareofAssociate’s 1200—GoldDrInvestment 800—GoldCrInvestmentin Working4:Investmentin20213&66.On1October20x1,GoldCoissued100,000$1006%convertibleloannoteatpar20213&66.On1October20x1,GoldCoissued100,000$1006%convertibleloannoteatparvalue,withinterestpayableannuallyinarrearsoverafive-yearterm.Theequivalentratefornon-convertibleloannotewas8%.GoldCohasrecorededtheloanasaliabilityatparvalueandchargedtheannual6%interesttofinancecosts.Interest$600LiabilityWorking5:6%convertibleloanDiscountfactorinyearAnnuityfactorfor56%6%8%8%20213&6should20213&6shouldactuallyDr6%convertibleloan CrOthercomponentof Dr Cr6%convertibleloan Dr Cr6%convertibleloannote CrOthercomponentof 20213&6attheLoannoteatyearend120213&6attheLoannoteatyearend1shouldDrInterestexpense736-GoldCr6%Loannote Dr6%Loan Cr DrInterestexpense600-GoldCr6%Loannote Cr6%Loannote 20213&620213&6At30September20x2,noimpairmenttogoodwillisProfitsaccrueevenlythroughouttheyearunlessotherwise20213&6CalculatedthegoodwillarisingontheacquisitionofSliverFullgoodwill20213&6CalculatedthegoodwillarisingontheacquisitionofSliverFullgoodwillFairvalueofconsiderationtransferredatthedateofSharesexchange(90%x16,000x3/5xDeferredconsideration(90%x16,000x$2·42x+FairvalueofNCIatthedateofacquisition(10%x16,000x$3·50)Fairvalueofsubsidiaryatthedateofacquisition-FairvalueofnetassetsofsubsidiaryatEquityRetainedearnings:FairvalueContingentGoodwillatthedateof20213&6b.PreparetheconsolidatedstatementofprofitorlossforGoldCofortheyearended30September20x2.20213&6b.PreparetheconsolidatedstatementofprofitorlossforGoldCofortheyearended30September20x2.0Revenue(103,360+(60,800x9/12)–5,400Costofsales(81,920+(41,600x9/12)–5,400(W3)+240(W3)+650GrossDistributioncosts(2,560+(2,980x9/12))Administrativeexpenses(6,080+(3,740x9/12))Investmentincome800-800W4Shareofprofitfromassociate(3,000xFinancecosts(672+136(W5)+2,376(W1))ProfitbeforetaxIncometaxexpense(4,480+(2,560x9/12)) ProfitfortheyearProfitattributableOwnersofthe67920213&6Working6:20213&6Working6:ProfitattributabletoPost-acquisitionprofitsofSliverCodepreciationon Profitsattributableto12021/3&6 ConsolidatedSOCI;12021/3&6 ConsolidatedSOCI;2015/122Consolidated2015/12Preparethe2015/12PreparetheconsolidatedstatementoffinancialpositionforPalistarasat30June2015/12On1January2015,Palistaracquired75%ofStretcher’sequitysharesbymeansofanimmediateshareexchangeoftwosharesinPalistarforfivesharesinStretcher.ThefairvalueofPalistarandStretcher’sshareson1January2015were$4·00and$3·00respectively.Inadditiontotheshareexchange,Palistarwillmakeacashpaymentof$1·32peracquiredshare,deferreduntil1January2016.PalistarhasnotrecordedanyoftheconsiderationforStretcherinitsfinancialstatements.2015/12On1January2015,Palistaracquired75%ofStretcher’sequitysharesbymeansofanimmediateshareexchangeoftwosharesinPalistarforfivesharesinStretcher.ThefairvalueofPalistarandStretcher’sshareson1January2015were$4·00and$3·00respectively.Inadditiontotheshareexchange,Palistarwillmakeacashpaymentof$1·32peracquiredshare,deferreduntil1January2016.PalistarhasnotrecordedanyoftheconsiderationforStretcherinitsfinancialstatements.Palistar’scostofcapitalis10%perannum.Acquisitiondate6Reporting𝟐𝟐𝟐𝟐,𝟐𝟐𝟐𝟐𝟐𝟐𝟎𝟎𝟎𝟎𝟎𝟎𝟎𝟎𝟎𝟎𝟎𝟎1/1/2015share∗𝟐𝟐)shares影DrInvestmentin CrSharecapital@$1 CrSharepremium@($4-$1) 表Working1:Share2015/12On1January2015,Palistaracquired75%ofStretcher’sequitysharesbymeansofanimmediateexchange2015/12On1January2015,Palistaracquired75%ofStretcher’sequitysharesbymeansofanimmediateexchangeoftwosharesinPalistarforfivesharesinStretcher.ThefairvalueofPalistarandStretcher’sshareson1January2015were$4·00and$3·00respectively.Inadditiontotheshareexchange,Palistarwillmakeacashpaymentof$1·32peracquiredshare,deferreduntil1January2016.PalistarhasnotrecordedanyoftheconsiderationforStretcherinitsfinancialstatements.Palistar’scostofcapitalis10%per𝟐𝟐𝟐𝟐,𝟐𝟐𝟐𝟐𝟐𝟐𝟎𝟎𝟎𝟎𝟎𝟎𝟎𝟎𝟎𝟎𝟎𝟎𝟐1/1/2015对报表无影DrInvestmentinCrDeferred30/6/2015interest=$18,000*10%*𝟏𝟏𝟐𝟐=DrInterest CrDeferred Working2:Deferred2015/12Thesummarisedstatementsoffinancialposition2015/12Thesummarisedstatementsoffinancialpositionofthetwocompaniesas30June2015Non-currentassets(note2)CurrentInventory(note2,2001,600Total2015/12Thesummarisedstatementsoffinancialposition2015/12Thesummarisedstatementsoffinancialpositionofthetwocompaniesas30June2015EquityandEquitysharesof$1eachOthercomponentofequityRetainedearnings–at–foryearended30/6/2015Totalequityand 2015/12Thefollowinginformationis1.Stretcher’sbusiness2015/12Thefollowinginformationis1.Stretcher’sbusinessisseasonaland60%ofitsannualprofitismadeintheperiod1Januaryto30Juneeachyear.?Retainedearnings2015/122.Atthedateofacquisition,thefairvalueofStretcher’snetassetswasequaltotheircarrying2015/122.Atthedateofacquisition,thefairvalueofStretcher’snetassetswasequaltotheircarryingwiththefollowingAnitemofplanthadafairvalueof$2millionbelowitscarryingvalue.Atthedateofacquisitionithadaremaininglifeoftwoyears.ThefairvalueofStretcher’sinvestmentswas$7million(seealsonoteStretcherownedtherightstoapopularmobile(cell)phonegame.Atthedateofacquisition,aspecialistvaluerestimatedthattherightswereworth$12millionandhadanestimatedremaininglifeoffiveyears.1. 6=DrCrDepreciationDrFairvalueofnetassetsatthedateof 2,000Cr Working3.Fairvalue2015/122.Atthedateofacquisition,thefairvalueofStretcher’snet2015/122.Atthedateofacquisition,thefairvalueofStretcher’snetassetswasequaltotheircarryingamountswiththefollowingexceptions:Anitemofplanthadafairvalueof$2millionbelowitscarryingvalue.Atthedateofacquisitionithadaremaininglifeoftwoyears.ThefairvalueofStretcher’sinvestmentswas$7million(seealsonoteStretcherownedtherightstoapopularmobile(cell)phonegame.Atthedateofacquisition,aspecialistvaluerestimatedthattherightswereworth$12millionandhadanestimatedremaininglifeoffiveyears.2.CarryingFairincreasedbyDr CrFairvalueofnetassetsatthedateof Working3.Fairvalue2015/122.Atthedateofacquisition,thefairvalueofStretcher’snetassetswasequaltotheircarryingamountswiththefollowing2015/122.Atthedateofacquisition,thefairvalueofStretcher’snetassetswasequaltotheircarryingamountswiththefollowingexceptions:Anitemofplanthadafairvalueof$2millionbelowitscarryingvalue.Atthedateofacquisitionithadaremaininglifeoftwoyears.ThefairvalueofStretcher’sinvestmentswas$7million(seealsonoteStretcherownedtherightstoapopularmobile(cell)phonegame.Atthedateofacquisition,aspecialistvaluerestimatedthattherightswereworth$12millionandhadanestimatedremaininglifeoffiveyears.3.gameDrGameCrFairvalueofnetassetsatthedateof6 ∗=DrAmortisationCrGameWorking3.Fairvalue2015/123.Followinganimpairmentreview,2015/123.Followinganimpairmentreview,consolidatedgoodwillistobewrittendownby$3millionas30JuneDrImpairmentCrWorking4.Impairmenton2015/124.PalistarsellsgoodstoStretcheratcostplus30%.Stretcherhad$1·8millionofgoodsinitsinventoryat30June2015whichhadbeensuppliedbyPalistar.Inaddition,on28June2015,Palistarprocessed2015/124.PalistarsellsgoodstoStretcheratcostplus30%.Stretcherhad$1·8millionofgoodsinitsinventoryat30June2015whichhadbeensuppliedbyPalistar.Inaddition,on28June2015,Palistarprocessedthesaleof$800,000ofgoodstoStretcher,whichStretcherdidnotaccountforuntiltheirreceipton2July2015.Thein-transitreconciliationshouldbeachievedbyassumingthetransactionhadbeenrecordedinthebooksofStretcherbeforetheyearend.At30June2015,Palistarhadatradereceivablebalanceof$2·4millionduefromStretcherwhichdifferedtotheequivalentbalanceinStretcher’sbooksduetothesalemadeon28June2015.DrCrCostof ∗30𝟕=DrCostofCrWorking5.Intra-grouptrading(Pto2015/124.PalistarsellsgoodstoStretcheratcostplus30%.Stretcherhad$1·8millionofgoodsinitsinventoryat302015/124.PalistarsellsgoodstoStretcheratcostplus30%.Stretcherhad$1·8millionofgoodsinitsinventoryat30June2015whichhadbeensuppliedbyPalistar.Inaddition,on28June2015,Palistarprocessedthesaleof$800,000ofgoodstoStretcher,whichStretcherdidnotaccountforuntiltheirreceipton2July2015.Thein-transitreconciliationshouldbeachievedbyassumingthetransactionhadbeenrecordedinthebooksofStretcherbeforetheyearend.At30June2015,Palistarhadatradereceivablebalanceof$2·4millionduefromStretcherwhichdifferedtotheequivalentbalanceinStretcher’sbooksduetothesalemadeon28JunePalistarDrCrTrade2.DrTradeCrTradeWorking6.Goodsin2015/125.At30June2015,thefairvaluesofthefinancialassetequityinvestments2015/125.At30June2015,thefairvaluesofthefinancialassetequityinvestmentsofPalistarandwere$13·2millionand$7·9millionDrFinancialCrInvestmentDrFinancial CrInvestment per$7,000(inCVincreasedbyincreasedbyWorking7.Equity2015/126.Palistar’spolicyisto2015/126.Palistar’spolicyistovaluethenon-controllinginterestatfairvalueatthedateacquisition.ForthispurposeStretcher’ssharepriceatthatdateisrepresentativeofthefairvalueofthesharesheldbythenon-controllinginterest.Non-controllinginterest=20,000sharesx25%x2015/122015/12Fullconsolidation抵消Parent—Investmentin抵消SubsidiarySharecapital/Sharepremium/Pre-acquisitionGroupGroupSC/SP=Parent’sGroupRE/RS=Parent’sRE/RS+Post-acquisitionRE/RSofSto2015/12Fairvalueofconsiderationtransferredatthe2015/12Fairvalueofconsiderationtransferredatthedateof—Shareexchange+FairvalueofNCIatthedateofacquisitionFairvalueofsubsidiaryatthedateof-Fairvalueofnetassetsattheacquisition—Share—Retainedearnings—FairvalueGamerightsGoodwillatthedateof-I