How would KL account for its investment in MN in its consolidated financial statements for the year to 31 December 20X9?

Which TWO of the following are true in relation to IAS21 The Effects of Changes in Foreign Exchange Rates when consolidating an overseas subsidiary?

Which TWO of the following are true in relation to IAS21 The Effects of Changes in Foreign Exchange Rates when consolidating an overseas subsidiary?

MS Group ' s total profit for period on their consolidated income statement is £31,000. This includes adjusting for their share of joint venture JV2. Calculate the share of joint venture MS Group received based on the

following information.

MS operating profit £41,000

Dividend from JV2 £5,000

Finance cost £3,000

Tax £11,000

LM are just about to pay a dividend of 20 cents a share. Historically, dividends have grown at a rate of 5% each year.

The current share price is $3.05.

The cost of equity using the dividend valuation model is:

Which of the following options provides a representation of how the non controlling interest in FG is measured in CD ' s consolidated statement of financial position at 31 December 20X8?

GH is seeking to finance a substantial new project that is guaranteed to enhance the profitability of the entity. Its key determinants in deciding upon the best source of finance are to balance the following requirements:

1) to minimise the costs of issue of the finance;

2) to avoid the need to find cash to repay the source of finance; and

3) to ensure that the long-term gearing level does not increase.

Which of the following financing options best meets these requirements?

AB acquired its one subsidiary, CD, on 1 January 20X1.  At this date the fair value of CD ' s property, plant and equipment was found to be $40 million higher than its carrying value.  The relevant items had a remaining estimated useful life of 10 years from the date of acquisition.

At 31 December 20X4 AB and CD presented property, plant and equipment of $100 million and $50 million respectively in their individual financial statements.

The value of property, plant and equipment presented in AB ' s consolidated statement of financial position at 31 December 20X4 is:

LM acquired 15% of the equity share capital of ST on 1 January 20X6 for $18 million.  LM acquired a further 50% of the equity share capital of ST for $50 million on 1 January 20X7 when the fair value of ST ' s net assets was $82 million.  The original 15% investment in ST had a fair value of $20 million at 1 January 20X7.  The non controlling interest in ST was measured at its fair value of $30 million at the date control in ST was acquired.  

Calculate the goodwill arising on the acquisition of ST that LM included in its consolidated financial statements at 31 December 20X7.

Give your answer to the nearest $ million.

$ ?  million

GH owned 70% of the equity share capital of XY at 1 January 20X6.  GH acquired a further 20% of XY ' s equity share capital on 31 December 20X6 for $430,000.  Non controlling interest was measured at $600,000 immediately prior to the 20% acquisition.  

Which of the following amounts will GH debit to non controlling interest when the 20% acquisition is adjusted for in its consolidated financial statements at 31 December 20X6?