Where the Controlled Entity's Non-Current Assets Were Not at Fair

question 56

Multiple Choice

Where the controlled entity's non-current assets were not at fair value at the date of purchase and they have not been revalued in the controlled entity's accounts,the treatment in the consolidation entry may include which of the following entries?

• A)
• \[\begin{array} { | c | l | c | c | }
• \hline \mathrm { Dr } & \text { Non-current assets } & X X & \\
• \hline \mathrm { Cr } & \text { Investment in subsidiary } & & \mathrm { XX } \\
• \hline & & & \\
• \hline \mathrm { Dr } & \text { Share capital } & X X & \\
• \hline \mathrm { Dr } & \text { Retained earnings } & X \mathrm { X } & \\
• \hline \mathrm { Dr } & \text { Non-current assets } & X \mathrm { X } & \\
• \hline \mathrm { Dr } & \text { Goodwill } & X \mathrm { X } & \\
• \hline \mathrm { Cr } & \text { Investment in subsidiary } & & \mathrm { XX } \\
• \hline
• \end{array}\]
• B)
• \(\begin{array}{|c|l|c|c|}
• \hline \text { Dr } & \text { Non-current assets } & X X & \\
• \hline \mathrm{Cr} & \text { Gain on revaluation } & & XX\\
• \hline & & & \\
• \hline \mathrm{Dr} & \text { Share capital } & X X & \\
• \hline \mathrm{Dr} & \text { Retained earnings } & X X & \\
• \hline \mathrm{Dr} & \text { Goodwill } & X X & \\
• \hline \mathrm{Cr} & \text { Investment in subsidiary } & & X X \\
• \hline
• \end{array}\)
• C)
• \[\begin{array} { | c | l | c | c | }
• \hline \mathrm { Dr } & \text { Investment in subsidiary } & X \mathrm { X } & \\
• \hline \mathrm { Cr } & \text { Revaluation surplus } & & \mathrm { XX } \\
• \hline & & & \\
• \hline \mathrm { Dr } & \text { Share capital } & \mathrm { XX } & \\
• \hline \mathrm { Dr } & \text { Non-current assets } & \mathrm { XX } & \\
• \hline \mathrm { Dr } & \text { Goodwill } & \mathrm { XX } & \\
• \hline \mathrm { Cr } & \text { Investment in subsidiary } & & \mathrm { XX } \\
• \hline
• \end{array}\]
• D)
• \[\begin{array} { | c | l | c | c | }
• \hline \mathrm { Dr } & \text { Non-current assets } & X X & \\
• \hline \mathrm { Cr } & \text { Revaluation surplus } & & X X \\
• \hline & & & \\
• \hline \mathrm { Cr } & \text { Deferred tax liability } & X X & \\
• \hline \mathrm { Dr } & \text { Share capital } & X X & \\
• \hline \mathrm { Dr } & \text { Retained earnings } & X X & \\
• \hline \mathrm { Dr } & \text { Revaluation surplus } & X X & \\
• \hline \mathrm { Dr } & \text { Goodwill } & X X & \\
• \hline \mathrm { Cr } & \text { Investment in subsidiary } & & X X \\
• \hline
• \end{array}\]

Recognize the scale and timeline of African influx into specific American regions, including Mexico.

Assess the approximate number of Africans transported to the Americas during the slave trade era.

Explain the concept of "negros de ganhos" and other social classifications of African slaves in Latin America.

Distinguish between the experiences of African slaves in mainland Latin America and the Caribbean.

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Definitions:

Common Standard Deviation

A measure used in the context of comparing groups that assumes all groups have the same standard deviation, often used in analyses such as ANOVA.

Common Population Variance

The hypothesis that two or more populations have the same variance.

ANOVA F Statistic

A statistic used in ANOVA (Analysis of Variance) tests to compare the means of three or more samples, indicating whether any significant differences exist.

Hypothesis Test

A method in statistics to determine if there's enough evidence in a sample of data to infer that a certain condition holds for the entire population.