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NEW QUESTION: 1
The IV Group is formed of I Ltd and its subsidiary company V Ltd. I Ltd purchased 67% of V Ltd's ordinary share capital on 31 March 20X3.
The purchase cost I Ltd £129,000. At the date of purchase V Ltd's net assets were £155,000 while its share capital was £37,000. NCI fair value on the date of acquisition was £31,000.
What was the amount of goodwill I Ltd paid as part of the acquisition. Calculate this figure using both the proportion of net assets method and the full good will method for valuing the non-controlling interest.
A. Full goodwill method = £5,000
B. Full goodwill method = £57,000
C. Proportion of net assets method = £25,150
D. Proportion of net assets method = £77,150
E. Full goodwill method = £25,150
F. Proportion of net assets method = £5,000
Answer: A,C

NEW QUESTION: 2
What is SLC?
A. Service level configuration
B. Standard level configuration
C. Standard level contracts
D. Service level contracts
Answer: D

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A. Data center personnel need to be retrained.
B. Revenue streams are slowed or stopped.
C. Software needs to be upgraded to latest versions.
D. Brand perception is damaged.
Answer: B