单选题 -Background
Alice Co has invested in the ordinary shares of a number of other companies. The details of the holdings in the companies as at 31 December 20X5 are as follows:

问答题 -Task 1
How will the holdings of the three companies be accounted for in the consolidated financial statements of Alice Co?

Subsidiary

Associate

Trade investment

Bee Co

Cindy Co

Elsa Co

On 1 November 20X6, Alice Co also acquired 80,000 of the 100,000 $1 ordinary shares in Flora Co for $2.50 per share. At the date of acquisition the retained earnings of Flora Co were $60,000 and the fair value of the non-controlling interest was $65,000.

【正确答案】Subsidiary Associate Trade investment Bee Co √ Cindy Co √ Elsa Co √

【答案解析】本题考查的是Introduction to consolidated financial statements。 Bee Co共有350,000股，Alice Co占150,000股(43%)，而且Alice Co可以任命Bee Co的一名董事，达到了Significant influence，所以Bee Co是Associate； Cindy Co共有450,000股，Alice Co占300000股(67%)，而且Alice Co可以任命大多数的Cindy Co的董事，达到了Control，所以Cindy Co是Subsidiary； Elsa Co共有300,000股，Alice Co占50,000股(17%)无其他描述，Elsa Co属于Trade investment。

问答题 -Task 2
Complete the amounts to be included in the goodwill calculation at the date of acquisition.

$'000

Fair value of the consideration

Fair value of the non-controlling interest

Fair value of the net assets

Goodwill

【正确答案】200 65 160 105

【答案解析】本题考点为Goodwill。 $'000 Fair value of the consideration是Alice出的对价=80,000×2.5 200 Fair value of the non-controlling interest一般是题目直接提供的金额 65 Less: Fair value of the net assets是Flora Co在收购日的净资产，收购日净资产=收购日的share capital+收购日的retained earnings=100,000+60,000 160 Goodwill 105

问答题 -Task 3
When accounting for Flora Co as a subsidiary, complete the table showing the figures that would be included in or excluded from the consolidated statement of profit or loss for Alice Co group for the year ended 31 December 20X6.

Included in

Excluded from

Revenue and cost of sales of Alice Co

Revenue and cost of sales of Flora Co from January
to October

Dividend received from Flora Co

Profit made by Flora Co selling to Golden Co, an
external third-party

Non-controlling interest

Investment in Flora Co

Sales between Alice Co and Flora Co

【正确答案】Included in Excluded from Excluded from Included in Included in Excluded from Excluded from

【答案解析】本题考查的是合并利润表。 Revenue and cost of sales of Alice Co 母公司的收入和成本都被算入合并利润表。 ——Included in Revenue and cost of sales of Flora Co from January to October 1月至10月的子公司的收入和成本不可以算入合并利润表，只有收购后产生的收入和费用才纳入合并范围。 ——Excluded from Dividend received from Flora Co 子公司支付给母公司的股利，属于内部交易，不能包含在合并报表汇总。 ——Included in Profit made by Flora Co selling to Golden Co, an external third-party Flora卖给外部第三方产生的profit算入合并利润表。 ——Included in Non-controlling interest 少数股东权益属于合并利润表，因为在合并利润表最后需要把profit分摊到属于owner的和属于NCI的。 ——Included in Investment in Flora Co Alice公司的投资款，不属于合并利润表。 ——Excluded from Sales between Alice Co and Flora Co Alice Co和Flora Co之间的内部交易，不属于合并利润表。 ——Excluded from

问答题 -Task 4
Alice Co is also considering acquiring 40% of the ordinary shares of Dinone Co. Does each of the following sentences illustrate the existence of an associate relationship?

True

False

Alice Co has a significant influence over Dinone Co

Alice Co has control over Dinone Co

Alice Co has the power to determine the financial and operating
decisions of Dinone Co

Alice Co has the power to participate in the financial and
operating decisions of Dinone Co

Alice Co's individual statement of profit or loss would show
the dividend received from Dinone Co

In Alice Co's group accounts Dinone Co would be accounted
for using equity accounting

【正确答案】True False Alice Co has a significant influence over Dinone Co √ Alice Co has control over Dinone Co √ Alice Co has the power to determine the financial and operating decisions of Dinone Co √ Alice Co has the power to participate in the financial and operating decisions of Dinone Co √ Alice Co's individual statement of profit or loss would show the dividend received from Dinone Co √ In Alice Co's group accounts Dinone Co would be accounted for using equity accounting √

【答案解析】本题考查的是Associate联营公司的特点。 Alice Co有一定的影响力，正确。 Alice Co可以控制Dinone，错误，这是Subsidiary的特点。 Alice Co有权利决定Dinone Co的财务以及经营决策，错误。 Alice Co有能力去参与进Dinone Co的财务及经营决策，正确。联营公司，投资方收到股息的分录： Dr cash Cr investment in associate 不会影响到投资方的损益，不会现在利润表上面。在合并的时候，Dinone Co采用的是权益法，正确。