Beethoven Ltd Acquired 20% and Significant Influence Over the Operations

question 25

Multiple Choice

Beethoven Ltd acquired 20% and significant influence over the operations of Chopin Ltd and control over the operations of Mend Ltd on 1 July 20X0.Chopin Ltd reported a profit of $800 000 for the year ended 30 June 20X1.For its financial year ended 30 June 20X1, Beethoven Ltd would report a share of Chopin Ltd's profit of:

• A)$200 000 in its separate financial statements
• B)$200 000 in its consolidated financial statements
• C)$160 000 in its separate financial statements
• D)$160 000 in its consolidated financial statements

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Definitions:

Modal Class

The category or interval in a set of data with the highest frequency, often used in analyzing categorical or grouped numerical data.

Histogram

A graphical representation of data using bars of different heights, where each bar groups numbers into ranges, showing the frequency of data within each range.

Observations

Individual pieces of data collected during a study or experiment.

Relative Frequencies

The ratio of the number of times a particular value occurs to the total number of observations, often expressed as a percentage.