Other
CAS3701 - Case Study 4 - Assessment 17/Assignment 17
- Module
- Institution
CAS3701 - Case Study 4 - Assessment 17/Assignment 17 solutions. Due date: 29 September 2023
[Show more]
4 reviews
By: valdesigns • 1 year ago
By: mothopenglerato17 • 1 year ago
By: Amorette • 1 year ago
By: mmagolego • 1 year ago
Seller
Follow
witness
Reviews received
Content preview
2023CAS3701
CASE STUDY 4 – ASSESSMENT 17
DUE DATE: 29 SEPTEMBER 2023
NKULULEKO NDLOVU
, This is an individual assessment!
Case 4:
The purpose of the case study below is to assess your ability to solve problems and to think critically
while considering the integration of topics.
Due date: 29 September 2023
Goodwill calculation
Identification and explanation of the error:
Share Capital is incorrect, as new trainee incorrectly used the 100 000 ordinary shares instead of the
R200 000 (Total share capital of Solar Ltd). Non-controlling interests correctly calculated at 80% of
Solar Ltd's share capital.
Revaluation of land at acquisition: revaluation was incorrectly calculated.
The trainee incorrectly used the 28% instead of 22.40% (80% * 28%) to calculate the Deferred Tax on
remeasurement of land.
The trainee included the 80% non-controlling interest of the difference of fair value and carrying amount
in the total (100%), which is incorrect. 80% NCI were used twice by the trainee.
The correct revaluation surplus is R77 600 (R500 000 – R400 000) X 77.6%)
The benefits of buying summaries with Stuvia:
Guaranteed quality through customer reviews
Stuvia customers have reviewed more than 700,000 summaries. This how you know that you are buying the best documents.
Quick and easy check-out
You can quickly pay through credit card for the summaries. There is no membership needed.
Focus on what matters
Your fellow students write the study notes themselves, which is why the documents are always reliable and up-to-date. This ensures you quickly get to the core!
Frequently asked questions
What do I get when I buy this document?
You get a PDF, available immediately after your purchase. The purchased document is accessible anytime, anywhere and indefinitely through your profile.
Satisfaction guarantee: how does it work?
Our satisfaction guarantee ensures that you always find a study document that suits you well. You fill out a form, and our customer service team takes care of the rest.
Who am I buying these notes from?
Stuvia is a marketplace, so you are not buying this document from us, but from seller witness. Stuvia facilitates payment to the seller.
Will I be stuck with a subscription?
No, you only buy these notes for £2.27. You're not tied to anything after your purchase.
Can Stuvia be trusted?
4.6 stars on Google & Trustpilot (+1000 reviews)
67474 documents were sold in the last 30 days
Founded in 2010, the go-to place to buy revision notes and other study material for 14 years now