F3-4

Question 0

Remember the CAR

CS and APIC is same all year, but

Answer 0

RE in increase by net income and decrease by dividends so you might have to squeeze back to get beg RE during elimination entry

Question 1

Assets-liabilities=

Answer 1

Equity or
net book value or
CAR

Question 2

When you get more control from cost to equity method you must apply the change retrospectively

Answer 2

IFRS is prospectively..ppF3-21

Question 3

Tax loss carry backs and forwards

Answer 3

Back 2 years and forward 20 years

Question 4

Income tax refund is usually

Answer 4

Current

Question 5

4 must be met to accrue for post retirement and employment benefit:

Answer 5

1. Obligation is attributable to employee’ service rendered
2. employees rights accumulate or vest
3. Payment is probable
4. Amount of benefit is reasonably estimated

Question 12

APBO- PV of future benefits that have vested as if the measurement date.

Answer 12

EPBO- PV of all future benefits expected to be paid as of measurement date.