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FAC2602 ASSIGNMENT 1 SEMESTER 1 YEAR 2024 CALL O
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FAC2602 ASSIGNMENT 1SEMESTER 2 YEAR 2022
QUIZZ
NB; FOR FUTURE SERVICES EXAM GUIDE ALSO
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, QUESTION 1
Select the correct statement regarding shareholding and control within group structures:
a. Control of another company is obtained only when the investor holds more than
50% of the shareholding.
b. A percentage holding of 48% in the investee will grant the investor the right to have
control.
c. A group of companies is formed only when the parent and the subsidiary agree
about the parent’s exposure to variable returns and the right to control those
returns.
d. A parent obtains control when it has power over the subsidiary, it has
exposure or rights to variable returns from its involvement with the
subsidiary and it has the ability to use its power over the subsidiary to affect
the amount of the parent’s returns.
An investor (parent) controls an investee (subsidiary) when the investor (parent) is
exposed or has rights to variable returns from its involvement with the investee
(subsidiary) and has the ability to affect those returns through its power over the investee
(subsidiary).
An investor (parent) controls an investee (subsidiary) only if all of the following is true for
the investor:
It has power over the investee (subsidiary).
It has exposure or rights to variable returns from its involvement with the investee.
It has the ability to use its power over the investee (subsidiary) to affect the amount
of the investor's returns.
QUESTION 2
Total current assets amounts to:
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