题目内容

(a) Shawler is a small manufacturing company specialising in making alloy castings. Its main item of plant is a furnace which was purchased on 1 October 2009. The furnace has two components: the main body (cost $60,000 including the environmental provision – see below) which has a ten-year life, and a replaceable liner (cost $10,000) with a five-year life.
The manufacturing process produces toxic chemicals which pollute the nearby environment. Legislation requires that a clean-up operation must be undertaken by Shawler on 30 September 2019 at the latest.
Shawler received a government grant of $12,000 relating to the cost of the main body of the furnace only.
The following are extracts from Shawler’s statement of financial position as at 30 September 2011 (two years after the acquisition of the furnace):
Required:
(i) Prepare equivalent extracts from Shawler’s statement of financial position as at 30 September 2012; (3 marks)
(ii) Prepare extracts from Shawler’s income statement for the year ended 30 September 2012 relating to the items in the statement of financial position. (3 marks)
(b) On 1 April 2012, the government introduced further environmental legislation which had the effect of requiring Shawler to fit anti-pollution filters to its furnace within two years. An environmental consultant has calculated that fitting the filters will reduce Shawler’s required environmental costs (and therefore its provision) by 33%. At 30 September 2012 Shawler had not yet fitted the filters.
Required:
Advise Shawler as to whether they need to provide for the cost of the filters as at 30 September 2012 and whether they should reduce the environmental provision at this date. (4 marks)

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17世纪的巴洛克艺术在绘画方面的杰出代表是佛兰德斯艺术家________。

Statement of financial position
Note: The deferred development expenditure relates to an investment in a process to manufacture artificial precious gems for future sale by Quartile in the retail jewellery market.
Required:
(a) Prepare for Quartile the equivalent ratios that have been provided by the agency. (9 marks)
(b) Assess the financial and operating performance of Quartile in comparison to its sector averages. (12 marks)
(c) Explain four possible limitations of the usefulness of the above comparison. (4 marks)

如下图所示，在图像1中是一个选区，那么在选区工具的选项栏中选择()可以添加至图像2的选区效果。

On 1 January 2012, Viagem acquired 90% of the equity share capital of Greca in a share exchange in which Viagem issued two new shares for every three shares it acquired in Greca. Additionally, on 31 December 2012, Viagem will pay the shareholders of Greca $1·76 per share acquired. Viagem’s cost of capital is 10% per annum.
At the date of acquisition, shares in Viagem and Greca had a stock market value of $6·50 and $2·50 each, respectively.
Income statements for the year ended 30 September 2012
The following information is relevant:
(i) At the date of acquisition, the fair values of Greca’s assets were equal to their carrying amounts with the exception of two items:
– An item of plant had a fair value of $1·8 million above its carrying amount. The remaining life of the plant at the date of acquisition was three years. Depreciation is charged to cost of sales.
– Greca had a contingent liability which Viagem estimated to have a fair value of $450,000. This has not changed as at 30 September 2012.
Greca has not incorporated these fair value changes into its financial statements.
(ii) Viagem’s policy is to value the non-controlling interest at fair value at the date of acquisition. For this purpose, Greca’s share price at that date can be deemed to be representative of the fair value of the shares held by the non-controlling interest.
(iii) Sales from Viagem to Greca throughout the year ended 30 September 2012 had consistently been $800,000 per month. Viagem made a mark-up on cost of 25% on these sales. Greca had $1·5 million of these goods in inventory as at 30 September 2012.
(iv) Viagem’s investment income is a dividend received from its investment in a 40% owned associate which it has held for several years. The underlying earnings for the associate for the year ended 30 September 2012 were $2 million.
(v) Although Greca has been profitable since its acquisition by Viagem, the market for Greca’s products has been badly hit in recent months and Viagem has calculated that the goodwill has been impaired by $2 million as at 30 September 2012.
Required:
(a) Calculate the consolidated goodwill at the date of acquisition of Greca.
(b) Prepare the consolidated income statement for Viagem for the year ended 30 September 2012. The following mark allocation is provided as guidance for these requirements:
(a) 7 marks
(b) 14 marks
(c) The carrying amount of a subsidiary’s leased property will be subject to review as part of the fair value exercise on acquisition and may be subject to review in subsequent periods.
Required:
Explain how a fair value increase of a subsidiary’s leased property on acquisition should be treated in the consolidated financial statements; and how any subsequent increase in the carrying amount of the leased property might be treated in the consolidated financial statements.
Note: Ignore taxation. (4 marks)