1Based on the TS Ltd Group information, what are the three elements required to establish 'control' over an investee according to IFRS 10?
2TS Ltd purchased 20,000 of the 80,000 issued ordinary shares of Drop Ltd. According to IAS 28, how should TS Ltd Group account for this investment in its consolidated financial statements?
3In Question 3, Sizwe & Adams Constructors incurred R300,000 in training costs. Why do these costs fail to meet the definition of an 'asset' under the Conceptual Framework?
4Gallery Ltd sold 50,000 shares in Scent Ltd but retained control. According to IFRS 10, how is the difference between the proceeds from the disposal and the adjustment to the non-controlling interest recognized in the consolidated financial statements?
5Drop Ltd (an associate) sold sneakers to TS Ltd for R120,000 at a mark-up of 25% on cost. If TS Ltd still holds 20% of these sneakers at year-end, what is the total unrealized profit in the closing inventory?
6According to the TS Ltd case study, what is the South African normal tax rate and the percentage used to calculate capital gains tax?
7In the separate financial statements of Gallery Ltd, how are investments in subsidiaries and associates measured according to IAS 27?
8ZStreet Ltd's goodwill was impaired down to R25,000. What is the correct journal entry to record an impairment of goodwill in the consolidated financial statements?
9Gallery Ltd acquired 40,000 shares in Joy Ltd on 1 January 2021. If the financial year ends on 28 February 2021, for how many months should Joy Ltd's profits be equity-accounted in the consolidated financial statements?
10Durban Technology Ltd was declared bankrupt on 30 August 2021. For SIZWE & ADAMS CONSTRUCTORS, whose financial year ends on 31 March 2022, is this bankruptcy considered an adjusting or non-adjusting event according to the Conceptual Framework context provided?
