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NEW QUESTION: 1
Statements of financial position for YZ, BC and DE at 31 March 20X2 include the following balances:
YZ purchased 90% of BC's equity shares for $508,000 on 1 January 20X2. On 1 January 20X2 BC's retained earnings were $183,000. YZ uses the proportion of net assets method to value non-controlling interest at acquisition.
YZ purchased 30% of DE's equity shares on 1 April 20X1 for $112,000. DE's retained earnings at 1 April
20X1 were $88,000.
On 1 February 20X2 YZ sold goods to BC for $28,000 at a mark up of 25% on cost. All the goods were still in BC's inventory at 31 March 20X2.
Calculate the goodwill arising on the acquisition of BC.
Give your answer to the nearest whole $.
Answer:
Explanation:
$118300
NEW QUESTION: 2
A. Option A
B. Option C
C. Option B
D. Option D
Answer: B,C
NEW QUESTION: 3
A user is unable to access any network resources. The IP configuration of the workstation is as follows: IP Address: 192.168.10.32 Subnet Mask: 255.255.255.240 Default Gateway: 192.168.10.46 Which of the following would allow the user to connect to network resources?
A. Change the IP address to 192.168.10.31
B. Change the IP address to 192.168.10.33
C. Change the default gateway to 192.168.10.1
D. Change the default gateway to 192.168.10.254
Answer: B