Exam (elaborations)
Fac2602 Assignment 2 Semester 2 2024 (QUALITY ANSWERS ) DISTINCTION GUARANTEED 90+
- Course
- Institution
Fac2602 Assignment 2 Semester 2 2024 MCQ with 90+ DISTINCTION GUARANTEED
[Show more]
4 reviews
By: dannymuti • 3 days ago
Was not of any use
By: annelishaedwards • 2 weeks ago
By: tsakanemaluleke • 2 weeks ago
By: tshenoradipabe • 2 weeks ago
Seller
Follow
IsabellaTutorial
Reviews received
Content preview
QUESTION ORDER IS DIFFERENT FOR EACH STUDENTPLEASE RUN THE ASSIGNMENT FOR AT LEAST 30 MINUTES TO AVOID BEING FLAGGED FOR INFORMATION SHARING
FAC2602
Assessment 2
Use the scenario loaded under additional resources to answer the following question.
The correct journal entry to eliminate the unrealised profit included in the opening inventory is:
1.
Retained earnings – Lex (R1 200 000 x 20/120)
Ltd..................
Cost of sales – Lex (R1 200 000 x
Ltd..................... 20/120)
2.
Retained earnings – E-Volvo (R1 200 000 x 20/120)
Ltd...........
Inventory – Lex (R1 200 000
Ltd........................... x 20/120)
3.
Cost of sales – Lex (R870 000 x 20/120)
Ltd..........................
Inventory E-Volvo (R870 000 x 20/120)
Ltd.......................
4.
Retained earnings – Lex (R1 200 000 x 20/120)
Ltd..................
Cost of sales – E- (R1 200 000
Volvo Ltd.............. x 20/120)
, 2. Use the scenario loaded under additional resources to answer the following question.
The amount of other comprehensive income in the statement of changes in equity for non-controlling interest is?
1.
R270 000
2.
R 60 000
3.
R 90 000
4.
R360 000
[760 000 – (340 000 + 60 000)] x 25% = 90 000
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 or Stuvia-credit 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 IsabellaTutorial. Stuvia facilitates payment to the seller.
Will I be stuck with a subscription?
No, you only buy these notes for $3.61. You're not tied to anything after your purchase.
Can Stuvia be trusted?
4.6 stars on Google & Trustpilot (+1000 reviews)
75619 documents were sold in the last 30 days
Founded in 2010, the go-to place to buy study notes for 14 years now