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PieMan

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tT
发表于 2011-7-13 16:15 | 只看该作者

FSA - CHAPTER 23 - END OF CHAPTER QUESTION 12

investment, background, accounting, 2011
Hello.

Does this seem right?
Question - Based on Gelblum's estimates, Zimt's net income in 2011 will most likely be:
a highest if zimt is deemed to have control of oxbow
b highest if zimt is deemed to have significant influence over oxbow
c independent of accounting method used for the investment in oxbow.

background: ifrs is used

my answer is a because that means the company is consolidated into the balance sheet. I said no to answer b because then partial consolidation is used. Answer c didn't make sense because of the fact that entires are different based on different methods. The book says c is correct.


Any help?
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kingstongal

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2#
发表于 2011-7-13 16:15 | 只看该作者
but this is not a B/S question, it's NI.

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Kapie

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3#
发表于 2011-7-13 16:15 | 只看该作者
NI is the same under all investment accounting methods bro

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jarobi04

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4#
发表于 2011-7-13 16:15 | 只看该作者
You're not thinking about the additional depreciation expense and other expenses that result from owning 100% of the company versus 50%.

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Sportsman

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5#
发表于 2011-7-13 16:15 | 只看该作者
Yes you are correct. Income statement entry for minority interest brings it down. Gonna be the same. Oooookkkkk never mind.

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kkn006

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6#
发表于 2011-7-13 16:15 | 只看该作者
Remember also that there is no MI if the subsidiary is 100% owned. MI only occurs if less than 100% of the company is owned.

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