Question 1 (10 marks) Gold Ltd holds 90% ownership equity of Red Ltd. Red Lid holds 75% of the ownership equity of Black Lid and holds 80% of the ownership equity of Sapphire Lid. During the year the following dividends are paid by the respective companies Gold Lid Red Lid Black Lid Sapphire Lid $ 200,000 $ 110,000 $ 80.000 $ 65,000 Required Calculate the amount of dividend payments that would be shown in the consolidated financial statements Question 2 (10 marks) The consolidated profit and loss of the Mars Group of companies is shown below. Mars Group Consolidated Proft & Loss Statement for the year ended 30 June 2015 So on Rental income 385.000 160,000 28,000 35.000 608.000 Borrowing costs Cost of sales Doublul de expense Depreciation expense Other 40.000 175.000 22.000 57.000 95.000 389,000 210.000 Net profit Additional information: Sales revenue is on credit with the remaining sales for cash Rental income is received in cash at time of payment . Borrowing costs had not been paid as a year end. Al other purchases and expenses that were not locations were paid forty year and Bad debts actually written off during the years were $10.000 . Interest and all toms of other revenue were received by your and Balance sheet items opening and closing balances for the group are shown Account Accounts receivable Inventory Accounts payable SOP balance $ 76,000 175.000 30.000 EOP balances 90.000 160.000 34.000 Required: Prepare the Operating Activities' section only of the consolidated cash flow statement for Mars Group for the year ending 30 June 2015 Question 1 (10 marks) Gold Ltd holds 90% ownership equity of Red Ltd. Red Lid holds 75% of the ownership equity of Black Lid and holds 80% of the ownership equity of Sapphire Lid. During the year the following dividends are paid by the respective companies Gold Lid Red Lid Black Lid Sapphire Lid $ 200,000 $ 110,000 $ 80.000 $ 65,000 Required Calculate the amount of dividend payments that would be shown in the consolidated financial statements Question 2 (10 marks) The consolidated profit and loss of the Mars Group of companies is shown below. Mars Group Consolidated Proft & Loss Statement for the year ended 30 June 2015 So on Rental income 385.000 160,000 28,000 35.000 608.000 Borrowing costs Cost of sales Doublul de expense Depreciation expense Other 40.000 175.000 22.000 57.000 95.000 389,000 210.000 Net profit Additional information: Sales revenue is on credit with the remaining sales for cash Rental income is received in cash at time of payment . Borrowing costs had not been paid as a year end. Al other purchases and expenses that were not locations were paid forty year and Bad debts actually written off during the years were $10.000 . Interest and all toms of other revenue were received by your and Balance sheet items opening and closing balances for the group are shown Account Accounts receivable Inventory Accounts payable SOP balance $ 76,000 175.000 30.000 EOP balances 90.000 160.000 34.000 Required: Prepare the Operating Activities' section only of the consolidated cash flow statement for Mars Group for the year ending 30 June 2015
