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8 P and Q are in partnership, sharing profits in the ratio 2:1. On 1 July 2004 they admitted P’s son R as a partner. P18 How should interest charged on partners’ drawings appear in partnership financi
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14 Alpha buys goods from Beta. At 30 June 2005 Beta’s account in Alpha’s records showed $5,700 owing to Beta.25 What should the minority interest figure be in the group’s consolidated balance sheet at
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Which of the following statements relating to internal and external auditors is correct?17 A business income statement for the year ended 31 December 2004 showed a net profit of $83,600. It was laterT
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The following information is available for a manufacturing company which produces multiple products:25 What should the minority interest figure be in the group’s consolidated balance sheet at 31 Decem
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18 How should interest charged on partners’ drawings appear in partnership financial statements?C Co uses material B, which has a current market price of $0·80 per kg. In a linear program, where the o
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24 What figure should appear in the consolidated balance sheet of the J group as at 31 December 2004 for minorityWhich of the following statements relating to internal and external auditors is correct
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18 Which of the following statements about accounting ratios and their interpretation are correct?Which of the following statements relating to internal and external auditors is correct?17 A business
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17 A business income statement for the year ended 31 December 2004 showed a net profit of $83,600. It was laterIn 2014 Mr Yuan inherited an estate of RMB2 million from his uncle who had died two month
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The following information is available for a manufacturing company which produces multiple products:19 What is the company’s return on shareholders’ equity?Mr Li, a photographer, had his photos publis
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The following information is available for a manufacturing company which produces multiple products:14 Alpha buys goods from Beta. At 30 June 2005 Beta’s account in Alpha’s records showed $5,700 owing
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Mr Li, a photographer, had his photos published in the July 2014 edition of the tourism journal. The total fee was RMB20,000 and the publisher agreed to pay Mr Li by two instalments, one of RMB18,000
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A company predicted that the learning rate for production of a new product would be 80%. The actual learning rate was 75%. The following possible reasons were stated for this:19 What is the company’s
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25 What should the minority interest figure be in the group’s consolidated balance sheet at 31 December 2005?The following information is available for a manufacturing company which produces multiple
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15 Which of the following statements about intangible assets are correct?14 Alpha buys goods from Beta. At 30 June 2005 Beta’s account in Alpha’s records showed $5,700 owing to Beta.25 What should the
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A company predicted that the learning rate for production of a new product would be 80%. The actual learning rate was 75%. The following possible reasons were stated for this:C Co uses material B, whi
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10 What would the company’s profit become after the correction of the above errors?19 What is the company’s return on shareholders’ equity?Which of the following statements relating to internal and ex
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19 At 30 June 2004 a company’s allowance for receivables was $39,000. At 30 June 2005 trade receivables totalled $517,000. It was decided to write off debts totalling $37,000 and to adjust the allowan
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The following information is available for a manufacturing company which produces multiple products:In 2014 Mr Yuan inherited an estate of RMB2 million from his uncle who had died two months earlier.1
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15 Which of the following statements about intangible assets are correct?A company predicted that the learning rate for production of a new product would be 80%. The actual learning rate was 75%. The
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In 2014 Mr Yuan inherited an estate of RMB2 million from his uncle who had died two months earlier.The following information is available for a manufacturing company which produces multiple products:A
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The following statements have been made about life cycle costing:C Co uses material B, which has a current market price of $0·80 per kg. In a linear program, where the objective is to maximise profit,
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19 At 30 June 2004 a company’s allowance for receivables was $39,000. At 30 June 2005 trade receivables totalled $517,000. It was decided to write off debts totalling $37,000 and to adjust the allowan
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Hindberg is a car retailer. On 1 April 2014, Hindberg sold a car to Latterly on the following terms:In 2014 Mr Yuan inherited an estate of RMB2 million from his uncle who had died two months earlier.F
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A corporate taxpayer has under-reported its taxable revenue in 2002 and hence underpaid value added tax (VAT) and enterprise income tax (EIT). In 2014, the taxpayer was charged by the tax authority wi
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In 2014 Mr Yuan inherited an estate of RMB2 million from his uncle who had died two months earlier.The following statements have been made about life cycle costing:19 At 30 June 2004 a company’s allow
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The following information is available for a manufacturing company which produces multiple products:19 What is the company’s return on shareholders’ equity?C Co uses material B, which has a current ma
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In 2014 Mr Yuan inherited an estate of RMB2 million from his uncle who had died two months earlier.19 What is the company’s return on shareholders’ equity?A corporate taxpayer has under-reported its t
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18 How should interest charged on partners’ drawings appear in partnership financial statements?17 A business income statement for the year ended 31 December 2004 showed a net profit of $83,600. It wa
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Mr Li, a photographer, had his photos published in the July 2014 edition of the tourism journal. The total fee was RMB20,000 and the publisher agreed to pay Mr Li by two instalments, one of RMB18,000
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Hindberg is a car retailer. On 1 April 2014, Hindberg sold a car to Latterly on the following terms:13 Which of the following correctly describes the imprest system for operating petty cash?15 Which o
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14 Alpha buys goods from Beta. At 30 June 2005 Beta’s account in Alpha’s records showed $5,700 owing to Beta.15 Which of the following statements about intangible assets are correct?The following info
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17 A business income statement for the year ended 31 December 2004 showed a net profit of $83,600. It was later18 Which of the following statements about accounting ratios and their interpretation are
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19 At 30 June 2004 a company’s allowance for receivables was $39,000. At 30 June 2005 trade receivables totalled $517,000. It was decided to write off debts totalling $37,000 and to adjust the allowan
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17 A business income statement for the year ended 31 December 2004 showed a net profit of $83,600. It was later15 Which of the following statements about intangible assets are correct?14 Alpha buys go
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Which of the following statements relating to internal and external auditors is correct?C Co uses material B, which has a current market price of $0·80 per kg. In a linear program, where the objective
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Mr Li, a photographer, had his photos published in the July 2014 edition of the tourism journal. The total fee was RMB20,000 and the publisher agreed to pay Mr Li by two instalments, one of RMB18,000
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13 Which of the following correctly describes the imprest system for operating petty cash?Faithful representation is a fundamental characteristic of useful information within the IASB’s Conceptual fra
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15 Which of the following statements about intangible assets are correct?14 Alpha buys goods from Beta. At 30 June 2005 Beta’s account in Alpha’s records showed $5,700 owing to Beta.Is the following s
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8 P and Q are in partnership, sharing profits in the ratio 2:1. On 1 July 2004 they admitted P’s son R as a partner. PA corporate taxpayer has under-reported its taxable revenue in 2002 and hence unde
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17 A business income statement for the year ended 31 December 2004 showed a net profit of $83,600. It was laterHindberg is a car retailer. On 1 April 2014, Hindberg sold a car to Latterly on the follo
