F2 Exam Dumps : Advanced Financial Reporting

CD reported a balance of $3,000,000 for property, plant and equipment in its individual financial statements at 31 December 20X8.

Calculate the value of the property, plant and equipment that will be included in CD's consolidated statement of financial position. 

Give your answer to the nearest $000.

 $?  000

KL acquired 75% of the equity share capital of MN on 1 January 20X8. The group's policy is to value non-controlling interest at fair value at the date of acquisition. MN acquired 60% of the equity share capital of PQ on 1 January 20X9 for $360 million.

At 1 January 20X9 the fair value of the non-controlling interest in PQ was $220 million and the fair value of the net assets of PQ at 1 January 20X9 were $320 million.

Calculate the goodwill arising on the acquisition of PQ at 1 January 20X9.

Give your answer to the nearest million.

$  ?   million

Which of the following is NOT an example of an unconsolidated structured entity as defined in IFRS12 Disclosure of Interests in Other Entities?