2010年ACCA试题F7(Int).pdfVIP

) Fundamentals Level – Skills Module T N I Financial Reporting ( (International) Tuesday 15 June 2010 7 F r e Time allowed Reading and planning: 15 minutes p Writing: 3 hours ALL FIVE questions are compulsory and MUST be attempted. a Do NOT open this paper until instructed by the supervisor. P During reading and planning time only the question paper may be annotated. You must NOT write in your answer booklet until instructed by the supervisor. This question paper must not be removed from the examination hall. The Association of Chartered Certifi ed Accountants ALL FIVE questions are compulsory and MUST be attempted 1 On 1 April 2009 Picant acquired 75% of Sander’s equity shares in a share exchange of three shares in Picant for every two shares in Sander. The market prices of Picant’s and Sander’s shares at the date of acquisition were $3·20 and $4·50 respectively. In addition to this Picant agreed to pay a further amount on 1 April 2010 that was contingent upon the post-acquisition performance of Sander. At the date of acquisition Picant assessed the fair value of this contingent consideration at $4·2 million, but by 31 March 2010 it was clear that the actual amount to be paid would be only $2·7 millio