Two nights of excess free pdf

Your Rating:. Your Comment:. Home Downloads Free Downloads Night pdf. Read Online Download. Great book, Night pdf is enough to raise the goose bumps alone. The group assessed that there is no impairment loss on goodwill for the current year. The individual statements of profit or loss of the entities for the year ended December 31, 20x1 are shown below: Pig Co.

Piglet Co. Bear Co. Cub Co. Neither company declared dividends. There are 3-year dividends in arrears on the outstanding cumulative preference shares of Cub Co. It was assessed that goodwill is not impaired. Goodwill has been computed under each of the available options under PFRS 3 as follows: Case 1 Case 2 proportionate fair value 1 Consideration transferred , , 2 Non-controlling interest 72, 75, in the acquiree 3 Previously held equity - - interest in the acquire Total , , Fair value of net identifiable assets , , acquired Goodwill 12, 15, As of December 31, 20x1, XYZ, Inc.

There has been no impairment of goodwill. The remaining investment in XYZ, Inc. Subsequent to acquisition date, XYZ, Inc. How much is the gain or loss on disposal of controlling interest to be recognized in profit or loss?

The following information was determined immediately before the acquisition: Dad Co. Son Co. How much is the total assets in the consolidated financial statements? Nymph uses the cost model for its investment properties. However, the group's policy for investment properties is the fair value model.

The building's remaining useful life is 5 years at that date. The group's depreciation method is straight-line basis. A summary of the individual statements of financial positions of the entities as at June 30, 20x3 is shown below: Cockroach Nymph Co. How much is the goodwill to be presented in the June 30, 20x3 consolidated financial statements? The group determined on Dec.

A summary of the individual statements of financial positions of the entities as at December 31, 20x3 is shown below: Rabbit Bunny Co. How much is the goodwill to be presented in the December 31, 20x3 consolidated financial statements? There were no inter-company transactions during the year. How much is the profit of Lamb for the year ended December 31, 20x1? How much is the profit attributable to owners of the parent and to NCI, respectively?

Parent NCI a. Peter Co. One- third of the inventory remains as of Dec. One-half of the goods remain in inventory as of December 31, 20x1. The interest income accruing on the bonds for the year was received by Simon from Peter. The individual financial statements of the entities at December 31, 20x1 are shown below: Statements of financial position As at December 31, 20x1 Peter Co. Simon Co. How much is the consolidated ending inventory? How much is the goodwill in the December 31, 20x1 consolidated financial statements?

How much is the NCI in net assets as of December 31, 20x1? How much is the consolidated retained earnings as of December 31, 20x1? How much is the consolidated profit or loss in 20x1? How much are the profit attributable to the owners of the parent and to NCI, respectively?

Owners of parent NCI a. How much is the total consolidated assets as of December 31, 20x1? How much is the total consolidated liabilities as of December 31, 20x1? The fair value of Big Co. The statements of financial position of the combining entities immediately before combination show the following information: Small Co. Big Co. Case 1: Refer to fact pattern All of Big Co. How much is the consolidated total share capital? How much is the consolidated total retained earnings? What is the acquisition date?

When is goodwill computed? The carrying amounts of the net identifiable assets of S1 and S2 approximate their fair values on January 1, 20x1. There have been no changes in the share capitals of S1 and S2 during the year. A summary of the individual financial statements of the entities is shown below: Statements of financial position As at December 31, 20x1 P S1 S2 ,0 ,0 Investment in Subsidiary 00 00 - ,0 ,0 ,0 Other assets 00 00 00 1,, , , Total assets Liabilities , , 8, Share capital , , , Retained earnings , , , Total liabilities and 1,, , , equity Statements of profit or loss For the year ended December 31, 20x1 , , ,0 Revenues 00 , ,0 ,0 Expenses 00 00 88, 72, Profit , 6.

How much is the goodwill as of December 31, 20x1? How much is the total NCI in net assets as of December 31, 20x1? How much is the profit attributable to owners of parent and to NCI, respectively?

How much is the total goodwill as of December 31, 20x1? How much are the profit attributable to owners of parent and to the NCIs? The group determined on December 31, 20x1 that there is no impairment of goodwill. The group determined on December 31, 20x1 that there is no impairment in goodwill. Statements of profit or loss For the year ended December 31, 20x1 A B C D E Reven ,0 ,0 ,0 ,0 ,0 ues 00 00 00 00 00 Expen ,0 ,0 ,0 ,0 80,0 ses 00 00 00 00 00 Profi ,0 88,00 72,00 32,00 48,0 t 00 0 0 0 00 Profits do not include income from investments.

Assuming the existence of control is based solely on shareholdings, which of the entities above are considered subsidiaries of A Co.? B only d. The accounting for business combinations is currently prescribed under a. PAS 22 c. PFRS 3 — revised b. PFRS 3 d. PAS 27 — revised 2. KINK Co. The investment in the subsidiary has been classified as held for sale and is to be accounted for in accordance with PFRS 5. The subsidiary has never been consolidated.

How should the investment in the subsidiary be treated in the financial statements? Purchase accounting should be used. Equity accounting should be used. The subsidiary should not be consolidated but PFRS 5 should be used. The subsidiary should remain off balance sheet. Adapted 3. The consolidation theory currently applied under PFRSs is a. Parent company theory c.

The proprietary theory is applied under which of the following standards? PAS 31 b. PAS 36 c. PFRS 3d. PAS 27 5. What is the basis for consolidation? Because of exchange controls, it is difficult to transfer funds out of the country to the parent entity.

It should be excluded from consolidation and the equity method should be used. It should be excluded from consolidation and stated at cost. It should be excluded from consolidation and accounted for in accordance with PFRS 9. It is not permitted to be excluded from consolidation because control is not lost. Adapted 7. TIPPLE cannot exercise control because it can control only the makeup of the board and not necessarily the way the directors vote.

For financial reporting purposes, which of the following statements is correct? Goodwill shall be computed on July 1, 20x4 and the one-third equity interest acquired in 20x1 does not affect the goodwill computation. Goodwill shall be computed on July 1, 20x4 and the one-third equity interest acquired in 20x1 affects the goodwill computation.

Goodwill shall be computed only on January 1, 20x1. The subsequent change in ownership interest which did not result to loss of control is accounted for directly in equity.

No, control can be exercised only through voting power, not through a casting vote. The company was formerly a state-owned entity. The national regulator has retained the power to appoint the board of directors.

Who has control of the entity? The national regulator. The overseas entity. Neither the national regulator nor the overseas entity. The board of directors. A manufacturing group has just acquired a controlling interest in a football club that is listed on a stock exchange. The management of the manufacturing group wishes to exclude the football club from the consolidated financial statements on the grounds that its activities are dissimilar.

How should the football club be accounted for? The entity should be consolidated as there is no exemption from consolidation on the grounds of dissimilar activities. The entity should not be consolidated using the purchase method but should be consolidated using equity accounting. The entity should not be consolidated and should appear as an investment in the group accounts. The entity should not be consolidated; details should be disclosed in the financial statements.

Which of the following statements is incorrect? Once control has been achieved, further transactions whereby the parent entity acquires further equity interests from non- controlling interests, or disposes of equity interests but without losing control, are accounted for as equity transactions b.

The carrying amounts of the controlling and non-controlling interests are adjusted to reflect the changes in their relative interests in the subsidiary. Any difference between the amount by which the non- controlling interests is adjusted and the fair value of the consideration paid or received is recognized directly in equity and attributed to the owners of the parent.

The carrying amount of any goodwill should be adjusted and gain or loss is recognized in profit or loss. Profit of the group — NCI profit c. The equipment has a remaining useful life of 5 years. Which of the following statements is true in the preparation of the consolidated financial statements?

The gain is recognized immediately. The gain is deferred and recognized only in the period the equipment is sold to an unrelated party.

The carrying amount of the asset and the related depreciation are adjusted downwards. The carrying amount of the asset and the related depreciation are adjusted upwards. Which of the following statements is true? There would be no equity adjustment if the net disposal proceeds equal the original cost of the interest sold. Which of the following terms best describes the financial statements of a parent in which the investments are accounted for on the basis of the direct equity interest?

Single financial statements b. Combined financial statements c. Separate financial statements d. Consolidated financial statements Are the following statements true or false? Consolidated financial statements must be prepared using uniform accounting policies.

The non-controlling interest in the net assets of subsidiaries may be shown by way of note to the consolidated statement of financial position. True True Which of the following is not a valid condition that will exempt an entity from preparing consolidated financial statements?

The parent entity is a wholly owned subsidiary of another entity. The ultimate parent entity produces consolidated financial statements available for public use that comply with PFRS. The parent entity is in the process of filing its financial statements with a securities commission. Where should non-controlling interests be presented in the consolidated balance sheet?

Within long-term liabilities. In between long-term liabilities and current liabilities. Adapted Chapter 19 - Suggested answers to review theory questions 1 1. How much is the carrying amount of the investment in subsidiary in the December 31, 20x1 consolidated financial statements? How much is the carrying amount of the investment in subsidiary in the December 31, 20x1 separate financial statements? How much is the carrying amount of the investment in associate in the December 31, 20x1 separate financial statements?

How much is net investment income recognized in the 20x1 separate financial statements for the investments referred to above? Which of the following are required under PAS 27 to produce separate financial statements? A listed entity with at least one wholly owned subsidiary b.

A listed entity with at least one subsidiary, whether wholly or partially owned. An entity, whether listed or unlisted, with at least one affiliate e. PAS 27 does not mandate which entities should produce separate financial statements. These are the financial statements of a group in which the assets, liabilities, equity, income, expenses and cash flows of the parent and its subsidiaries are presented as those of a single economic entity. General purpose financial statements c. Individual financial statements b.

Consolidated financial statements d. Separate financial statements 3. These are those presented by a parent i. Separate financial statements 4. In the separate financial statements of a parent entity, investments in subsidiaries that are not classified as held for sale should be accounted for a. At cost.

Using the equity method. In accordance with PFRS 9. The contract term is FOB shipping point. The purchase price was settled on January 3, 20x2. The following are the exchange rates: November 29, 20x1………………………………………..

The entry on November 29, 20x1 includes a. The entry on December 1, 20x1 includes a. The adjustment to the machinery account on December 31, 20x1 is — increase decrease a. The net adjustment to the machinery account on January 3, 20x2 is — increase decrease a.

The inventories were shipped on December 1, 20x1. The sale was settled on January 3, 20x2. How much sale revenue is recognized in 20x1? The exchange rates are as follows: Rupee Kroner Dec. Php 1: PKR 2. Purchase Sales a. Pakistani Swedish a. ABC Co. What is the exchange rate on December 31, 20x1?

None of these What is the exchange rate on settlement date in 20x2? What is the carrying amount of the accounts payable in the 20x1 statement of financial position?

How much is the cost of the equipment in the 20x1 statement of financial position? How much is the cost of the equipment in the 20x2 statement of financial position?

None of these Exchange rate on initial recognition None of the principal on the loan has been paid during the year. What is the exchange rate at the date the loan has been obtained? No payments had been made on the loan during the year. How much is the foreign exchange gain loss to be recognized in the year-end statement of profit or loss? All online sales are on cash basis.

How much is the balance of cash in bank to be presented in the year-end statement of financial position? What is the net foreign exchange gain loss to be recognized in the year-end statement of profit or loss?

The manager returned the MYR 2, excess to the cashier on January 3, 20x2. The equipment is depreciated over 5 years using the straight-line method.

Both the acquisitions described above are on cash basis. At year- end, ABC Co. How much is the impairment loss on the equipment? None How much is the impairment loss on the inventory? Both the transactions were settled on April 30, 20x1. On December 31, 20x1, the equipment was determined to have a net appraised value of MWK 4,, kwachas. None Exchange difference recognized in OCI The following information is available about the subsidiary for the year to December 31, 20x1: IDR - Rupiahs ,,00 Net assets, Jan.

The following are the relevant exchange rates: Jan. The fair value of the net assets of the subsidiary at that date was KES 32 million shillings. How much is the goodwill as of January 1, 20x1? The subsidiary was acquired at the start of the reporting period for 6,, wons, when the subsidiary's retained earnings were 3,, wons.

This included a fair value adjustment in respect of land. The group determined at year-end that goodwill is not impaired. There were no changes in the share capital of the subsidiary during the year. The relevant exchange rates are as follows: Date Exchange rates Jan. How much is the non-controlling interest in the net assets of the subsidiary NCI as of December 31, 20x1?

How much is the total translation gain loss to be recognized in other comprehensive income in 20x1? How much is the consolidated profit in 20x1? How much is the consolidated total comprehensive income in 20x1? How much is the comprehensive income attributable to owners of the parent? How much is the equity attributable to owners of the parent as of December 31, 20x1?

The year-end financial statements of the combining constituents show the following information: Statements of financial position As of December 31, 20x1 ABC Co. As a result, XYZ, Inc. The remainder of the extraordinary item is the recognition of a fall in value of some plant that was damaged during the year.

Goodwill is unimpaired. All of the goods had been utilized in production by year-end, but only one half of the relevant finished goods have been sold. The foreign exchange difference remains in current liabilities. This is still outstanding at year- end.

The subsidiary has recorded the liability in noncurrent liabilities at the rate ruling at year-start. How much is the comprehensive income attributable to NCI? How much is the total gain to be recognized in profit or loss on disposal date? How much is the gain loss on net monetary position? How much is the translated total assets as of December 31, 20x1? How much is the translated total equity as of December 31, 20x1? How much is the translated profit loss for 20x1?

Requirements: a. What is the presentation currency of ABC Co.? What is the functional currency of ABC Co.? ABC acquired specialized mining equipment from Japan, invoiced in Japanese yen. What type of currency is the Japanese yen under PAS 21 definitions? ABC Philippines Co. ABC Philippines is engaged in the apparel business. All of its raw materials are imported from its main office in the U. The U. The raw materials imported and finished goods exported are denominated in U.

After several years, ABC Co. Question: Should the functional currency of the group remains at yuan or changed to Philippine pesos? If exchange rates are expressed in indirect quotations i. Exchange rates on December 31, 20x1 and on settlement date in 20x2. Carrying amount of accounts payable in the 20x1 statement of financial position. Cost of equipment in the 20x1 and 20x2 statements of financial position. Requirement: What is the exchange rate at the date the loan has been obtained?

This edition was published in by Dorian Club in [S. Written in English — pages. Subjects Fiction, erotica, general. Libraries near you: WorldCat. Gamiani, or Two Nights of Excess January 1, , olympiapress.

Gamiani, or, Two nights of excess , Dorian Club. G3 E5 The Physical Object Pagination p. Here comes the count. Clown Let her hang me: he that is well hanged in this world needs to fear no colours. Clown He shall see none to fear. Clown Well, God give them wisdom that have it; and those that are fools, let them use their talents.

MARIA Yet you will be hanged for being so long absent; or, to be turned away, is not that as good as a hanging to you? Clown Many a good hanging prevents a bad marriage; and, for turning away, let summer bear it out. Clown Not so, neither; but I am resolved on two points. Clown Apt, in good faith; very apt. Well, go thy way; if Sir Toby would leave drinking, thou wert as witty a piece of Eve's flesh as any in Illyria. Here comes my lady: make your excuse wisely, you were best.

The sea-coast. My stars shine darkly over me: the malignancy of my fate might perhaps distemper yours; therefore I shall crave of you your leave that I may bear my evils alone: it were a bad recompense for your love, to lay any of them on you. But I perceive in you so excellent a touch of modesty, that you will not extort from me what I am willing to keep in; therefore it charges me in manners the rather to express myself.

You must know of me then, Antonio, my name is Sebastian, which I called Roderigo. My father was that Sebastian of Messaline, whom I know you have heard of.

He left behind him myself and a sister, both born in an hour: if the heavens had been pleased, would we had so ended! SEBASTIAN A lady, sir, though it was said she much resembled me, was yet of many accounted beautiful: but, though I could not with such estimable wonder overfar believe that, yet thus far I will boldly publish her; she bore a mind that envy could not but call fair.

She is drowned already, sir, with salt water, though I seem to drown her remembrance again with more. Fare ye well at once: my bosom is full of kindness, and I am yet so near the manners of my mother, that upon the least occasion more mine eyes will tell tales of me.

I am bound to the Count Orsino's court: farewell. She adds, moreover, that you should put your lord into a desperate assurance she will none of him: and one thing more, that you be never so hardy to come again in his affairs, unless it be to report your lord's taking of this. Receive it so. MALVOLIO Come, sir, you peevishly threw it to her; and her will is, it should be so returned: if it be worth stooping for, there it lies in your eye; if not, be it his that finds it.

To be up after midnight and to go to bed then, is early: so that to go to bed after midnight is to go to bed betimes. Does not our life consist of the four elements? Marian, I say! Enter Clown.