Sammu has only been practising as a barrister for 7 years. She has built up a lot of respect in the profession in this short period of time. Sammu would like to be appointed a Federal Court Judge. What will NOT be a pertinent consideration?

Fred, a Federal Court judge was appointed many years ago. He was now 68 years old. However unfortunately he was not well and often was too sick to preside over hearings. He was also getting very forgetful. Can Fred be removed?

The Full Bench of the High Court is hearing a controversial matter. Parliament clearly thinks the Court should determine the case in one particular way. Is the High Court obliged to follow Parliament’s instructions?

I appoint Federal Judges. I usually do this at the discretion of the Federal Cabinet. I personally do not have to consult the States on judges to be appointed to the Federal Courts. Who am I?

State Judges are appointed by:

The Australian Constitution (s.72) requires:

Exco’s articles of association require a 80% majority to

approve decisions regarding Exco’s relevant activities. Each shareholder is

entitled to vote in proportion to the number of shares held.

There are no facts that suggest that any of the shareholder

has rights to Exco’s assets or obligations

for Exco’s liabilities.

Which of the following statements is correct:

(i) 

A plc should use the equity method of

accounting to recognise Exco plc in its consolidated financial statements

Acquirer

plc is preparing its consolidated statement of financial position at 31

December 20X1 and the following information is available:

At the date of acquisition, Acquirer plc chose to measure

the non-controlling interest in Target plc at fair value.

Assuming no goodwill impairments have been taken since the

acquisition date, the amount of

The following information is also available:

• Big

  plc purchased its investment in Small plc on 22 April 20X0. The goodwill

  measured at acquisition date was £90,000 and no impairment has been taken since

  that date.

• On 11 November

  20X1, Big plc sold goods to Small plc for a price of £9,000 (payable by 20

  February 20X2). The goods had been included in Big plc’s inventory at a cost of

  £5,000. On 31 December 20X1, Small plc held 50% of these goods in its inventory.

  Small plc paid for the goods on 30 January 20X2.

Compute the total assets

reported in Big plc’s

consolidated statement of financial position at 31 December 20X1.

The following information is also available:

• The

  non-controlling interest arising on the acquisition of Joy plc was calculated

  using the share of acquiree’s net assets method.

• On 10

  January 20X2, Bliss plc’s accountants determined that an impairment loss of £1,000

  should be recognised in respect of Bliss plc's investment in Joy plc.

• Bliss

  plc recognises £1,600 of dividend income from Joy plc within ‘financial income (expense)’ in its income

  statement.

What is the

profit

after tax attributable to Bliss plc’s shareholders