Acca financial Accounting (FA) Study Text ac ca (FA)

How much will be included in the consolidated statement of profit or 

loss of the X group for revenue for the year ended 31 August 20X7? 

$________million 

116  Sat is the sole subsidiary of Shindo. The cost of sales figures for 20X1 for 

Sat and Shindo were $11 million and $10 million respectively. During 20X1 

Shindo sold goods which had cost $2 million to Sat for $3 million. Sat has 

not yet sold any of these goods. 

What is the consolidated cost of sales figure for 20X1? 

$________million 

117  Crunchy Co acquired 70% of the ordinary share capital of Nut Co six years 

ago. The following information relates to Nut Co for the year ended 

30 June 20X3: 

$

Sales revenue 

600,000 

Cost of sales 

338,000 

Distribution costs 

113,000 

Taxation

38,000

What is the profit attributable to the non-controlling interest in the