Operating segments are separately reportable where they exceed 15% of revenue / profits / assets. These must in total cover 80% of total revenue. Is this statement true or false?
MS Group's total profit for period on their consolidated income statement is 31,000. This includes adjusting for their share of joint venture JV2. Calculate the share of joint venture MS Group received based on the following information.
MS operating profit 41,000
Dividend from JV2 5,000
Finance cost 3,000
Tax 11,000
Which of the following should be eliminated when using the equity method to account for associates in a parent's financial statements?
Select ALL that apply.
Which of the following statements are incorrect regarding identifiable assets? Select ALL that apply.
When consolidating for group accounts, a number of calculations and adjustments are required to properly combine the entities into a single group. Which of the following processes are involved in this consolidation method?
Select ALL that apply: