Examlex
The following information relates to questions 17 to 21
Waratah Ltd acquired a 60% ownership interest in Bottle Brush Ltd on 30 June 2013. On the same day, Bottle Brush Ltd acquired a 70% ownership interest in Honeydew Ltd.
The following interentity transactions have taken place between the entities in the group during the years ended 30 June 2014 and 30 June 2015:
On 1 July 2013 Bottle Brush sold an item of plant to Honeydew for a profit of $20 000. The remaining useful life of the plant at the date of transfer was 4 years.
On 1 September 2013, Honeydew paid a dividend of $70 000 from profits earned since 30 June 2013.
Waratah lent $50 000 to Bottle Brush on 1 January 2014. Interest charged on the loan for the year ended 30 June 2014 was $2000 and for the year ended 30 June 2015 was $4000.
On 31 May 2014 Honeydew sold inventory to Waratah for $15,000. Profit earned on the sale was $5000. Waratah sold the inventory to external parties on 1 August 2014.
Details of profits earned by entities within the group for the years ended 30 June 2014 and 30 June 2015 are:
The tax rate is 30%.
-The NCI share of profit in Honeydew for the year ended 30 June 2015 is:
Bereavement Process
The period of mourning and adjustment following a loss, characterized by various stages of grief and emotional healing.
Cremation
The act of reducing a corpse to its essential elements by burning, often as an alternative to burial.
Entombment
A burial practice involving the placing of a body into a tomb or grave.
Burial
The act of placing the dead body of a person or animal in the ground as a part of the funeral rites.
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