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On 1 April 2009 Pandar purchased 80% of the equity shares in Salva. The acquisition was through a share exchange of three shares in Pandar for every five shares in Salva. The market prices of Pandar’s and Salva’s shares at 1 April
2009 were $6 per share and $3.20 respectively.
On the same date Pandar acquired 40% of the equity shares in Ambra paying $2 per share.
The summarised income statements for the three companies for the year ended 30 September 2009 are:
The following information is relevant:
(i) The fair values of the net assets of Salva at the date of acquisition were equal to their carrying amounts with the exception of an item of plant which had a carrying amount of $12 million and a fair value of $17 million. This plant had a remaining life of five years (straight-line depreciation) at the date of acquisition of Salva. All depreciation is charged to cost of sales.
In addition Salva owns the registration of a popular internet domain name. The registration, which had a
negligible cost, has a five year remaining life (at the date of acquisition); however, it is renewable indefinitely at a nominal cost. At the date of acquisition the domain name was valued by a specialist company at $20 million.
The fair values of the plant and the domain name have not been reflected in Salva’s financial statements.
No fair value adjustments were required on the acquisition of the investment in Ambra.
(ii) Immediately after its acquisition of Salva, Pandar invested $50 million in an 8% loan note from Salva. All interest accruing to 30 September 2009 had been accounted for by both companies. Salva also has other loans in issue at 30 September 2009.
(iii) Pandar has credited the whole of the dividend it received from Salva to investment income.
(iv) After the acquisition, Pandar sold goods to Salva for $15 million on which Pandar made a gross profit of 20%. Salva had one third of these goods still in its inventory at 30 September 2009. There are no intra-group current account balances at 30 September 2009.
(v) The non-controlling interest in Salva is to be valued at its (full) fair value at the date of acquisition. For this
purpose Salva’s share price at that date can be taken to be indicative of the fair value of the shareholding of the non-controlling interest.
(vi) The goodwill of Salva has not suffered any impairment; however, due to its losses, the value of Pandar’s
investment in Ambra has been impaired by $3 million at 30 September 2009.
(vii) All items in the above income statements are deemed to accrue evenly over the year unless otherwise indicated.
Required:
(a) (i) Calculate the goodwill arising on the acquisition of Salva at 1 April 2009; (6 marks)
(ii) Calculate the carrying amount of the investment in Ambra to be included within the consolidated
statement of financial position as at 30 September 2009. (3 marks)
(b) Prepare the consolidated income statement for the Pandar Group for the year ended 30 September 2009.(16 marks)
参考答案
更多 “ On 1 April 2009 Pandar purchased 80% of the equity shares in Salva. The acquisition was through a share exchange of three shares in Pandar for every five shares in Salva. The market prices of Pandar’s and Salva’s shares at 1 April2009 were $6 per share and $3.20 respectively.On the same date Pandar acquired 40% of the equity shares in Ambra paying $2 per share.The summarised income statements for the three companies for the year ended 30 September 2009 are:The following information is relevant:(i) The fair values of the net assets of Salva at the date of acquisition were equal to their carrying amounts with the exception of an item of plant which had a carrying amount of $12 million and a fair value of $17 million. This plant had a remaining life of five years (straight-line depreciation) at the date of acquisition of Salva. All depreciation is charged to cost of sales.In addition Salva owns the registration of a popular internet domain name. The registration, which had anegligible cost, has a five year remaining life (at the date of acquisition); however, it is renewable indefinitely at a nominal cost. At the date of acquisition the domain name was valued by a specialist company at $20 million.The fair values of the plant and the domain name have not been reflected in Salva’s financial statements.No fair value adjustments were required on the acquisition of the investment in Ambra.(ii) Immediately after its acquisition of Salva, Pandar invested $50 million in an 8% loan note from Salva. All interest accruing to 30 September 2009 had been accounted for by both companies. Salva also has other loans in issue at 30 September 2009.(iii) Pandar has credited the whole of the dividend it received from Salva to investment income.(iv) After the acquisition, Pandar sold goods to Salva for $15 million on which Pandar made a gross profit of 20%. Salva had one third of these goods still in its inventory at 30 September 2009. There are no intra-group current account balances at 30 September 2009.(v) The non-controlling interest in Salva is to be valued at its (full) fair value at the date of acquisition. For thispurpose Salva’s share price at that date can be taken to be indicative of the fair value of the shareholding of the non-controlling interest.(vi) The goodwill of Salva has not suffered any impairment; however, due to its losses, the value of Pandar’sinvestment in Ambra has been impaired by $3 million at 30 September 2009.(vii) All items in the above income statements are deemed to accrue evenly over the year unless otherwise indicated.Required:(a) (i) Calculate the goodwill arising on the acquisition of Salva at 1 April 2009; (6 marks)(ii) Calculate the carrying amount of the investment in Ambra to be included within the consolidatedstatement of financial position as at 30 September 2009. (3 marks)(b) Prepare the consolidated income statement for the Pandar Group for the year ended 30 September 2009.(16 marks) ” 相关考题
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(ii) Explain the income tax (IT), national insurance (NIC) and capital gains tax (CGT) implications arising onthe grant to and exercise by an employee of an option to buy shares in an unapproved share optionscheme and on the subsequent sale of these shares. State clearly how these would apply in Henry’scase. (8 marks)
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阅读下列说明和C++代码，请回答问题1至问题3。【说明】已知下列程序运行时的输出应为：1:11:11:1【C++程序】01 include ＜iostream＞02 using namespace std;03 class Stock{04 protect:05 (1) {};06 Stock(iht n, int pr=1){07 shares = n; share_val=pr;08 };09 void～Stock(){};10 public:11 //成员函数12 void output(){13 (2) ＜＜ shares ＜＜ ":" ＜＜ share val ＜＜ endl;14 }15 private:16 //成员变量17 int shares;18 int share_val;19 };2021 void main(){22 Stock a(1); a.output();23 Stock b; b.output();24 Stock c = Stock(); c.output();25 }请补齐下述代码中的空缺1和2。
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单选题Investors can reduce risk and still make good profits by ______A
investing only in blue chip companies.B
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Choosing a variety of investments
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问答题Practice 3 Equity securities are known as shares (or stock) in a corporation. Stockholders are considered owners of the corporation. The Articles of Incorporation must state the number of shares and the characteristics of the stock. To issue stock is actually to offer shares of stock for sale. The corporation’s Board of Directors controls when and to whom the corporation’s shares are offered and sold. Outstanding shares—Outstanding shares are shares already issued and purchased by the shareholder or stockholder. Par value—Par value is an arbitrary value assigned to each share in the Articles of Incorporation but does not necessarily reflect the true market value of the stock. Shares may not be issued and sold by the corporation for less than their par value therefore it is sometimes advisable not to state any par value at all or state a par value lower than the estimated market price. No par value allows the Board of Directors to decide each time shares are issued what the price per share will be. In a very large corporation where the stock is publicly traded at a public exchange, such as the New York Stock Exchange, the public demand for the stock of the corporation rather than the Board of Directors determines the selling price of the stock. Capital account—The capital account of a corporation is an entry in the books of the corporation and is determined by multiplying the par or stated value of the corporation’s stock by the number of shares outstanding. For example, if the corporation had sold 1,000 shares of stock which had $10 par value, the capital account would be $10,000.
考题
单选题A company is deploying a new file server to consolidate shares from several legacy servers. Which of the following is the BEST method to ensure that the new file shares are being used？（）A
Setup the new file server and shut down the legacy servers.B
Remove all the DNS entries for the legacy servers.C
Create a logon script to remap the old file shares to the new file shares.D
Go to each users computer， remove all shares and setup the new shares.
考题
单选题Investors can reduce risks and still make good profits byA
investing only in blue chip companies.B
monitoring share prices very closely.C
buying shares gradually over time.D
choosing a variety of investment.
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单选题You are the administrator of your Windows 2000 Professional computer. You share severalfolders on your computer， which are accessible to all the users on your company’s network. You want to ensure that you have correctly assigned the appropriate permissions to all the shares.Where can you view all the shares in use on your computer， so as to verify the permissions as quickly as possible？ （）A
Control Panel Data Sources （ODBC）.B
Control Panel System Tools Shared Folders.C
Computer Management System Tools System Information.D
Computer Management System Tools Shared Folders Open Files.E
Computer Management System Tools Shared Folders Sessions.F
Computer Management System Tools Shared Folders Shares.
考题
单选题The anthropologists would have considered their research a success if they would have found a language that shares lexical elements with the Borneans they were studying.A
if they would have found a language that shares lexical elements with the Borneans they were studyingB
had they found a language that shares lexical elements with that of the Borneans they were studyingC
if they found a language that shares lexical elements with the Borneans they were studyingD
if they had found a language that shares lexical elements with the Borneans they were studyingE
if they would have found a language that shares lexical elements with that of the Borneans they were studying
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