1.

What does the total, 2,315.95, on the consolidation worksheet represent?

	a.	The addition of all Dr/Cr consolidation journal entry amounts.
	b.	The total of all intragroup dividend amounts.
	c.	The subtraction of all consolidation journal entry amounts.
	d.	The total of all elimination journal entry amounts.

2.

By how much was goodwill impaired by during the year ended 30 June 2020?

	a.	117
	b.	0
	c.	70
	d.	40

3.

The amount of $2,208.95 represents:

	a.	The total amount of equity held by the shareholders of Rachel Ltd.
	b.	The total amount of assets held by the Ross Ltd.
	c.	The total value of assets less liabilities held by the Rachel Ltd.
	d.	The total amount of equity held by the shareholders of the group.

Consolidation worksheet for financial year ended 30 June 2020 Ross Rachel Led Credir AdNENO Debir Ref 5000 630 Consolidated Entiny 5000 5000 9000 5.120 2.640 7.1.30 NO 630 1 1.286 5,490 4.100 630 710 31.50 1.118.5 2.020 440 2.210 410 4.070 ? 2 1.050 120 0 120 D 20 0 20 d D 0 16 16 e 150 1 10 226 110 35 16 Sales revenue Less cost of goods sold Opening inventories Add purchases Less closing inventories Cost of goods sold Gimss profit Dividend revenue Management fee revenue Interest revenue Depreciation expense Finance costs Od expenses Profit before tax Tax expense Profit efter law for the da Retained earings 1 July 2019 Dividends paid Dividends declared Retained camings 30 June 2020 Issued capital Revaluation surplus Fair value adjustment Shareholders equity 304 40 20 373 49 276 201 X7 al 9.45 288.75 422 7 436 312.8 hi/1 41 (45) J 45 (70) 770 (70) 140. 1.004 J 75 23. SOS (140) 1.198.95 800 450 450 b 800 210 0 210 6.3 b/a 6 0 2,200.79 T* 117 193 72 35 30 T 0 75 315 710 440 8 1.118.5 850 0 b 850 D 0 200 e 200 D 90 a 1.000 780 2.280 720 1.300 (320) 850 (814) (494) 450 50 1 1.350 Cash Accounts receivable Div ends receivable Inventories Investment in Rachel Lid Loan to Ross Lid Land Huildings Accumulated depreciation Plant and equipment Accumulated depreciation Goodwill (net) Deferred tax asset Total assets Les lilities Current taxes payable Accounts payable Dividend payable Loan from Rachel Lid Mortgage loan Deferred tax liabilities (235) (210) 120 (535) 30 117 1 be 40 77 30.45 21.45 4.300 1.36 7 198 312 292 30 o 140 75 k 140 73 200 200 0 D 1.450 401 1.854 117 90 0 27 935 2,315.95 7.373.95 2,208.95