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Series63

Exam Code: Series63

Exam Name: Uniform Securities Agent State Law Examination

Version: V22.75

Q & A: 580 Questions and Answers

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NEW QUESTION: 1
Statements of financial position for YZ, BC and DE at 31 March 20X2 include the following balances:

YZ purchased 90% of BC's equity shares for $508,000 on 1 January 20X2. On 1 January 20X2 BC's retained earnings were $183,000. YZ uses the proportion of net assets method to value non-controlling interest at acquisition.
YZ purchased 30% of DE's equity shares on 1 April 20X1 for $112,000. DE's retained earnings at 1 April
20X1 were $88,000.
On 1 February 20X2 YZ sold goods to BC for $28,000 at a mark up of 25% on cost. All the goods were still in BC's inventory at 31 March 20X2.
Calculate the amount of the non-controlling interest to be included in YZ's consolidated statement of financial position at 31 March 20X2.
Give your answer to the nearest whole $.
Answer:
Explanation:
$47900

NEW QUESTION: 2
True or False: When data share is established between a Data Provider and a data Consumer, the Data Consumer can extend that data share to other Data Consumers.
A. True
B. False
Answer: B

NEW QUESTION: 3
Which task is the List of Values (LOV) Job Server responsible for?
A. Creating the Business View that contains the data source for the LOV
B. Running scheduled LOV objects
C. Creating the report object required to hold the LOV
D. Creating dynamic cascading parameters
Answer: B

NEW QUESTION: 4
DRAG DROP

Answer:
Explanation:


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