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NEW QUESTION: 1

A. Option D
B. Option B
C. Option A
D. Option C
Answer: C

NEW QUESTION: 2
The summarised statements of financial position of Track plc and Way plc at 31 December
2012 were as follows:
Track plcWay plc $'000 $'000 Total assets 60,000 29,000
Share capital 20,000 10,000 Retained earnings 24,000 4,000 Equity 44,000 14,000 Current liability 16,000 15,000 Total equity and liabilities 60,000 29,000
On 1 January 2013 Track pIc bought all the share capital of Way plc for $17,000,000 in cash. The carrying amounts of Way plc's assets are considered to be fair values. The amount of retained earnings to be included in the consolidated statement of financial position as at 1 January 2013 is __________.
A. $21,000,000
B. $24,000,000
C. $25,000,000
D. $28,000,000
Answer: B

NEW QUESTION: 3

A. Option A
B. Option D
C. Option B
D. Option C
Answer: B