Caddy Co acquired 240,000 of Ambel Co’s 800,000 equity shares for $6 per share on 1 O

ctober 20X4. Ambel Co’s profit after tax for the year ended 30 September 20X5 was $400,000 and it paid an equity dividend on 20 September 20X5 of $150,000.

On the assumption that Ambel Co is an associate of Caddy Co, what would be the carrying amount of the investment in Ambel Co in the consolidated statement of financial position of Caddy Co as at 30 September 20X5？

A、$1,560,000

B、$1,395,000

C、$1,515,000

D、$1,690,000

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第1题

Included within the financial assets of Zinet Co at 31 March 20X9 are the following two re

cently purchased investments in publically-traded equity shares:

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Neither of these shareholdings gives Zinet Co significant influence over the investee companies.

Wherever possible, the directors of Zinet Co wish to avoid taking any fair value movements to profit or loss, so as to minimise volatility in reported earnings.

How should the fair value movements in these investments be reported in Zinet Co’s financial statements for the year ended 31 March 20X9？

A.In profit or loss for both investments

B.In other comprehensive income for both investments

C.In profit or loss for investment 1 and in other comprehensive income for investment 2

D.In other comprehensive income for investment 1 and in profit or loss for investment 2

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第2题

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A.1

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