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a. Claire is an accountant who runs her own accountancy practice and employs five auditors. She has become friends with the finance director of one

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a. Claire is an accountant who runs her own accountancy practice and employs five auditors. She has become friends with the finance director of one of her clients. In addition. 60% of the practice fees relate to work for another of her clients. Discuss the ethical dilemmas that Claire may face. a. What is Current Purchasing Power [CPPJ accounting and why does the monetary capital adjustment arise under this method? b. What are construction contracts and how are the concepts of relevance and reliability applied to accounting for construction contracts. c. H acguires 80% of the ordinary shares in S in exchange for 1,000 shares in H. each worth 10.00. The net assets of S at acquisition are 4,000. The fair value of the NonControlling Interest [NCII is 2,600. Required Calculate the goodwill and the NonControlling Interest [NCI] using methods 1 and 2 for dealing with NonControlling Interest

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