单选题
-Background
The followings are summarised statements of profit or loss of two companies, Phale Co and Summer Co, for the year ended 31 December 20X8. Phale Co has owned 80% of the ordinary shares of Summer Co for many years.
The followings are summarised statements of profit or loss of two companies, Phale Co and Summer Co, for the year ended 31 December 20X8. Phale Co has owned 80% of the ordinary shares of Summer Co for many years.
问答题
-Task 1
Complete the consolidated statement of profit or loss of Phale Co for the year ended 31 December 20X8.
Phale Co
Consolidated statement of profit or loss for the year ended 31 December 20X8.
Complete the consolidated statement of profit or loss of Phale Co for the year ended 31 December 20X8.
Phale Co
Consolidated statement of profit or loss for the year ended 31 December 20X8.
| $m | ||||||||||||||||||||||||||||||
| Revenue | ______ | |||||||||||||||||||||||||||||
| Less: Cost of sales | ______ | |||||||||||||||||||||||||||||
| Gross profit | ______ | |||||||||||||||||||||||||||||
| Less: Administration and distribution expenses | ______ | |||||||||||||||||||||||||||||
| Profit before tax | ______ | |||||||||||||||||||||||||||||
| Less: Income tax | ______ | |||||||||||||||||||||||||||||
| Profit for the year | ______ | |||||||||||||||||||||||||||||
| Profit attributable to shareholders of Phale Co | ______ | |||||||||||||||||||||||||||||
| Non-controlling interest | ______ | |||||||||||||||||||||||||||||
【正确答案】330 195 135 63 72 14 58 53.8 4.2
【答案解析】 把Phale和Summer公司的数据一一相加。
问答题
-Task 2
The following charts are extracts from the statement of profit or loss of Phale Co and Summer Co for the following financial year ended 31 December 20X9.
The following charts are extracts from the statement of profit or loss of Phale Co and Summer Co for the following financial year ended 31 December 20X9.
【正确答案】600 327.28 272.72
【答案解析】 内部交易Sales为$38m，合并时，内部交易要抵销： Dr Sales $38 Cr Cost of sales $38 Gross margin=Gross profit/Sales=20% 所以，Gross profit=Sales×20%=38×0.2=$7.6 年末有30%的货物没有卖出去，所以产生了未实现利润。URP=7.6×30%=$2.28 Dr Cost of sales $2.28 Cr Inventory $2.28 Revenue=353+285-38=$600 Cost of sales=196+167-3 8+2.28=$327.28 Gross profit=600-327.28=$272.72
问答题
-Task 3
On 1 July 20X0 Phale Co purchased 70% of the equity share capital of Alice Co. The summarised statement of profit or loss of Alice Co is shown below. Statement of profit or loss of Alice Co for the year ended 31 December 20X0
On 1 July 20X0 Phale Co purchased 70% of the equity share capital of Alice Co. The summarised statement of profit or loss of Alice Co is shown below. Statement of profit or loss of Alice Co for the year ended 31 December 20X0
【正确答案】110.5
【答案解析】 本期的Profit为$45，题目强调profit可以平均分配到各个月份，所以每个月是45/12=$3.75 20X0年1月1日—20X0年6月30日共6个月，Profit总额=3.75×6=$22.5 在收购日的未分配利润=期初的未分配利润+本期新增的Profit=88+22.5=$110.5
单选题
How should Alice Co be treated in the consolidated financial statements of Phale Co? ______
【正确答案】
A
【答案解析】 收购比例达到70%，在没有其他迹象显示没有达到控制时，持有50%以上股票比例是达到了控制，被控制的一方就是子公司。
多选题
Complete the following sentences:
Bee Co is a subsidiary of Phale, it should be consolidated ______ in the consolidated financial statements of Phale.
Cee Co is an associate of Phale, it should be ______ in the consolidated financial statements of Phale.
Bee Co is a subsidiary of Phale, it should be consolidated ______ in the consolidated financial statements of Phale.
Cee Co is an associate of Phale, it should be ______ in the consolidated financial statements of Phale.
【正确答案】
A、B
【答案解析】 Bee作为一个Subsidiary，在合并报表中需要依据line by line basis。 Cee作为一个associate，在合并报表中需要使用equity method。