Câu 1 : The following scenario relates to questions 1 - 5
On 1 January 20X5, Prunier acquired 80% of Sheringham’s two million $1 ordinary shares. At this
date, Sheringham had retained earnings of $4 million and a revaluation surplus of $2 million. Prunier
had retained earnings of $10 million and a revaluation surplus of $5 million.
The fair value of Sheringham’s net assets at acquisition were equal to their carrying amounts with the
exception of Sheringham’s property which had a fair value of $800,000 in excess of its carrying
amount and a remaining life of 20 years.
At 31 December 20X5, Prunier and Sheringham both revalued their assets. Prunier’s assets increased
by a further $2 million while Sheringham’s increased by $500,000. At this date, Prunier’s retained
earnings were $11 million and Sheringham’s were $3.5 million.
1. What will the consolidated retained earnings be at 31 December 20X5?
A
$11,432,000
B
$10,560,000
C
$11,368,000
D
$10,568,000
Câu 2 : 2. What will be the other comprehensive income attributable to the parent for the year
ended 31 December 20X5?
$