Dion Ltd Acquired a 60% Ownership Interest in Sean Ltd

question 3

Multiple Choice

Dion Ltd acquired a 60% ownership interest in Sean Ltd on 30 June 2021. On the same day, Sean Ltd acquired a 70% ownership interest in Jayden Ltd. The following inter-entity transactions have taken place between the entities in the group during the years ended 30 June 2022 and 30 June 2023.
i. On 1 July 2021 Sean sold an item of plant to Jayden for a profit of $40 000. The remaining useful life of the plant at the date of transfer was 4 years.
ii. On 1 September 2021, Jayden paid a dividend of $50 000 from profits earned since 30 June 2021.
iii. Dion lent $60 000 to Sean on 1 January 2022. Interest charged on the loan for the year ended 30 June 2022 was $4000 and for the year ended 30 June 2023 was $8000.
iv. On 31 May 2022 Dion sold inventories to Jayden for $30 000. Profit earned on the sale was $4000. Jayden sold the inventories to external parties on 1 August 2022.
Details of profits earned by entities within the group for the years ended 30 June 2022 and 30 June 2023 are:
$\begin{array}{|l|r|r|}\hline & \text { 30 June 2022 } & \text { 30 June 2023 } \\\hline \text { Dion } & 200000 & 250000 \\\hline \text { Sean } & 170000 & 140000 \\\hline \text { Jayden } & 40000 & 70000 \\\hline\end{array}$ The tax rate is 30%.
The NCI share of profit in Jayden for the year ended 30 June 2023 is:

• A) $23 200.
• B) $21 000.
• C) $40 600.
• D) $28 000.

Explain Freudian defense mechanisms and their role in psychological functioning.

Differentiate between humanistic theories of personality and their emphasis on self-concept and congruence.

Understand the significance of locus of control and its influence on behavior and motivation.

Explain the methods and approaches to personality assessment, including remote behavior sampling.

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Definitions:

Price Elasticity

A measure of how much the quantity demanded of a good responds to a change in the price of that good, indicating sensitivity to price changes.

Price Elasticity

Understanding the relationship between price movements and the corresponding changes in demand for a good.

Demand Curve

A graphical representation showing the relationship between the price of a good and the quantity demanded by consumers at various price levels.

Marginal Value

The additional benefit gained from consuming or producing one more unit of a good or service.