1.Company A has signed a contract to sell two products (X and Y) to company B with the aggregated selling price of RMB16,000. The individual selling prices of product X and product Y are RMB6,000 and RMB10,000 respectively. Company As right to receive the RMB16,000 depends on when both products X and Y have been transferred. On 15 June 2019, Company A transferred product Y only to company B. What should be the accounting treatment of this contract on 15 June 2019 in the balance sheet of Company A.

A.Recognize RMB6,000 as accounts receivable B.Recognize RMB16,000 as accounts receivable C.Recognize RMB6,000 as contract asset D.Recognize RMB10,000 as contract asset

2.On 1 January 2019, A acquired 80% of the shares in B, and obtained control over B starting from that date. A issued 20 million shares (par value: RMB 1 per share; fair value: RMB 6 per share) as the consideration. In addition, A paid RMB 2 million to the appraiser for the valuation of Bs assets. On 1 January 2019, the fair value of Bs identifiable net assets was RMB 140 million. A and B were not related parties prior to the acquisition. The initial investment cost for A to acquire 80% of the shares in B should be:

A.RMB112 million

B.RMB122 million

C.RMB114 million

D.RMB120 million

3.On January 1, 2019, Alpha acquired 80% of the shares in Beta and obtained control over Beta from that date. The book value of Betas equity was RMB 100 million on the transaction date. The considerations paid by Alpha included cash of RMB 70 million and Alphas intangible assets with carrying amount of RMB 20 million on 1 January, 2019. The fair value of this intangible asset was RMB 25 million on the transaction date. Alpha and Beta were not related parties prior to the acquisition. What is the initial investment amount of this long-term equity investment in the balance sheet of Alpha:

A.RMB 95 million

B.RMB 100 million

C.RMB 90 million

D.RMB 80 million