Shortcut Navigation:

Company B Quiz

'Minority interests' are:

Company A bought 70% of the equity share capital of Company B for £150,000, when the fair value of Company B was £100,000. What is the value of the goodwill arising on this acquisition?

Company X owns 80% of Company Y, and Company Y owns 70% of Company Z. What % (direct and indirect) do minority interests own in Company Z?

Which one of the following would not need to be eliminated when preparing consolidated financial statements?

A company would be regarded as the associate of another company if it holds between which one of the following ranges of percentage equity shareholdings?

A parent owns 75% of its subsidiary's voting shares. The subsidiary's turnover was £500,000, including £100,000 from intra-group trading. What turnover figure for the subsidiary will be consolidated in the group profit and loss account?

The accounting treatment for associate companies is referred to as the equity method. What is another name for this method?

The accounting treatment when consolidating the results of joint ventures is known as:

If a company owns less than 20% of the equity shares of another company, this relationship is known as:

Company A trades extensively with a separate company, B, which is owned by the managing director's brother. To what extent, if any, is this relationship disclosed within the financial summaries?

Tagged as: accounting treatment, accounting treatment, company
Home | About | Create | Register | Privacy | Terms | Sitemap | [Facebook] [Twitter] [Google+]