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1、 财经网络教育领导品牌 _ 高顿网校 All Rights Reserved 版权所有 复制必究 1 CIMAF1练习题（5）1.HB paid$2.50 per share to acquire 100%of PNs equity shares on 1 September 2009.At that date PNs statement of financial position showed the following balances with equity PNs net asset values were the same as their book values,except fo
2、r land which was valued at$70,000 more than its book value.HB directors estimate that any goodwill arising on the acquisition will have a useful life of 10 years.Required:（i）Calculate goodwill arising on the acquisition of PN.（ii）Explain how HB should record the goodwill in its group financial state
3、ments for the year ended 31 August 2010,in accordance with IFRS 3 Business Combinations.2.HI,a parent entity,is planning to acquire a shareholding in ABC.The following alternative investment strategies are being considered:(i)HI can purchase 80,000 preferred shares in ABC;(ii)HI can purchase 40,000
4、equity shares and 50,000 preferred shares in ABC;(iii)HI can purchase 70,000 equity shares in ABC and no preferred shares.ABC has the following issued share capital:Required:Identify with reasons how HI would classify its investment in ABC in its consolidated 财经网络教育领导品牌 _ 高顿网校 All Rights Reserved 版权
5、所有 复制必究 2 financial statements for each of the alternative investment strategies.3.MN obtained a licence free of charge from the government to dig and operate a gold mine.MN spent$6 million digging and preparing the mine for operation and erecting buildings on site.The mine commenced operations on 1
6、 September 2009.The licence requires that at the end of the mines useful life of 20 years,the site must be reinstated,all buildings and equipment must be removed and the site landscaped.At 31 August 2010 MN estimated that the cost in 19 years time of the removal and landscaping will be$5 million and
7、 its present value is$3 million.On the 31 October 2010 there was a massive earthquake in the area and MNs mine shaft was badly damaged.It is estimated that the mine will be closed for at least six months and will cost$1 million to repair.Required:(i)Explain how MN should record the cost of the site
8、reinstatement as at 31 August 2010 in accordance with IAS 37 Provisions,Contingent Liabilities and Contingent Assets.(ii)Explain how MN should treat the effects of the earthquake in its financial statements for the year ended 31 August 2010 in accordance with IAS 10 Events After The Reporting Period
9、.4.XB trial balance at 31 October 2010 is shown below:财经网络教育领导品牌 _ 高顿网校 All Rights Reserved 版权所有 复制必究 3 Additional information provided:(i)The final dividend for the year to 31 October 2009 of$50,000 was paid on 31 March 2010.(ii)Long-term borrowings consist of a loan taken out on 1 May 2009 at 3%in
10、terest per year.Six months loan interest has been paid in the year to 31 October 2010.(iii)At 31 October 2009 the tax written down value of XBs assets was$90,000.None of these assets were fully depreciated at this date.(iv)XB issued 330,000 equity shares on 30 June 2010 at a premium of 30%.(v)Proper
11、ty,plant and equipment is depreciated at 20%per annum using the straight line method.Depreciation of property,plant and equipment is considered to be part of cost of sales.XBs policy is to charge a full years depreciation in the year of acquisition and no depreciation in the year of disposal.(vi)Pur
12、chased goods,invoiced at$3,000 received in September 2010 were returned to the supplier in October.At 31 October 2010 the supplier had not issued a credit note.XB had correctly deducted the amount from purchases with the corresponding double entry posted to the suspense account.(vii)The balance on t
13、he taxation account is the income tax underestimated in the previous years financial statements.Required:财经网络教育领导品牌 _ 高顿网校 All Rights Reserved 版权所有 复制必究 4(a)Prepare XBs statement of comprehensive income for the year to 31 October 2010,including a calculation of income tax expense.(Note there are up
14、to 8 marks available for the taxation computation)(b)Prepare XBs statement of changes in equity for the year to 31 October 2010 and a statement of financial position at that date.All statements should be in a form suitable for presentation to the shareholders and in accordance with the requirements
15、of International Financial Reporting Standards.Notes to the financial statements are not required,but all workings must be clearly shown.Do not prepare a statement of accounting policies.Note:Your answer should be to the nearest$000.参与 CIMA 的考生可按照复习计划有效进行，另外高顿网校官网考试辅导高清课程已经开通，还可索取CIMA 考试通关宝典，针对性地讲解、训练、答疑、模考，对学习过程进行全程跟踪、分析、指导，可以帮助考生全面提升备考效果。更多详情可登录高顿网校官网进行咨询。更多 CIMA 考试资讯，请关注官方微信公众号：gaoduncima