The following data are drawn from ABC Company at 31/12/2020 Net income for the period Gains on revaluation surplus, net of tax Accounts Payable Cash Loss on translating financial statements, net of tax Non-controlling interests is 10% of comprehensive income Under IAS 1, the comprehensive income attributable to non-controlling interests is: Select one: 50000 5000 4000 3000 3000 10% a. 50000 b. All answers are false c. 5200 d. 46800 e. 52000 f. 2000

The following data are drawn from ABC Company at 31/12/2020 Net income for the period Gains on revaluation surplus, net of tax Accounts Payable Cash Loss on translating financial statements, net of tax Non-controlling interests is 10% of comprehensive income Under IAS 1, the comprehensive income attributable to non-controlling interests is: Select one: 50000 5000 4000 3000 3000 10% a. 50000 b. All answers are false c. 5200 d. 46800 e. 52000 f. 2000

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

See similar textbooks

Similar questions

two questions
D1= 2(1+g) or D1 = 2? Why?
How do I do number 2 ?
88 MULTIPLE CHOICE Question 6 Listen If f(x)= and g(x) = x²-16, then what is the value of f(g(4))? A 0 B 4 C undefined
Q2) 4. What is sensitivity analysis?
Problem 9-25 Fudge factors An oil company executive is considering investing $10.1 million in one or both of two wells: well 1 is expected to produce oil worth $3.01 million a year for 10 years; well 2 is expected to produce $2.01 million for 15 years. These are real (inflation-adjusted) cash flows. The beta for producing wells is 0.91. The market risk premium is 9%, the nominal risk-free interest rate is 7%, and expected inflation is 3%. The two wells are intended to develop a previously discovered oil field. Unfortunately there is still a 21% chance of a dry hole in each case. A dry hole means zero cash flows and a complete loss of the $10.1 million investment. Ignore taxes and make further assumptions as necessary. a. What is the correct real discount rate for cash flows from developed wells? (Do not round intermediate calculations. Enter your answer as a percent rounded to 2 decimal places.) Real discount rate b. The oil company executive proposes to add 20 percentage points to the…
Answer Question 4
please explain the answer B ?
7. Explain the M&M Proposition I and II using your own words.
Question 3. Define what is Riba & describe two types of Riba with example for each.
D nctions Question 10 Use the diagram below to find each of the following: sine of point a • cose of point b • tane of point c d e
3) What are the functions of FASB, GASB and FASAB? Explain