QUESTION: 81

A group presents its financial statements in A$.
The goodwill of its only foreign subsidiary was measured at B$100,000 at acquisition. There have been no impairments to this goodwill.
Exchange rates (where A$/B$ is the number of B$'s to each A$) are as follows:

The value of goodwill to be included in the group's statement of financial position in respect of its foreign subsidiary for the year ended 31 December 20X4 is:

A$75,758.
A$66,667.
A$150,000.
A$132,000.

Answer(s): A

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QUESTION: 82

As at 31 October 20X7 TU's financial statements show the entity having profit after tax of $600,000 and 900,000 $1 ordinary shares in issue. There have been no issues of shares during the year. At 31 October 20X7 TU have 300,000 share options in issue, which allow the holders to purchase ordinary shares at $2 a share in 3 years' time. The average price of the ordinary shares throughout the year was $5 a share.
What is the diluted earnings per share for the year ended 31 October 20X7?

66.7 cents
58.8 cents
50.0 cents
55.6 cents

Answer(s): D

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QUESTION: 83

Information from the financial statements of an entity for the year to 31 December 20X5:

The gearing ratio calculated as debt/equity and interest cover are:

gearing of 15% and interest cover of 6.
gearing of 16% and interest cover of 6.
gearing of 15% and interest cover of 4.
gearing of 16% and interest cover of 4.

Answer(s): A

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QUESTION: 84

Information from the financial statements of RST for the year ended 30 April 20X9 is as follows:

At 30 April 20X9 the ordinary shares are trading at $4.75.
What is the price earnings (P/E) ratio for RST at 30 April 20X9?

15.83
7.92
10.56
9.31

Answer(s): A

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QUESTION: 81

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QUESTION: 84

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