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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 later19 At 30 June 2004 a company’s allowance for receivables was $39,000. At 30 June 2005 tra
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Is the following statement true or false?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. PHindberg is a car retailer. On 1 April 20
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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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Is the following statement true or false?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 showe
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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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13 Which of the following correctly describes the imprest system for operating petty cash?Is the following statement true or false?19 What is the company’s return on shareholders’ equity?A
All expendi
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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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13 Which of the following correctly describes the imprest system for operating petty cash?14 Alpha buys goods from Beta. At 30 June 2005 Beta’s account in Alpha’s records showed $5,700 owing to Beta.1
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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.Is the following statement true or false?In 2014 Mr Yuan inherited an estate of RMB2 millio
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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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14 Alpha buys goods from Beta. At 30 June 2005 Beta’s account in Alpha’s records showed $5,700 owing to Beta.Which of the following statements relating to internal and external auditors is correct?Hin
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Hindberg is a car retailer. On 1 April 2014, Hindberg sold a car to Latterly on the following terms:15 Which of the following statements about intangible assets are correct?14 Alpha buys goods from Be
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18 How should interest charged on partners’ drawings appear in partnership financial statements?Hindberg is a car retailer. On 1 April 2014, Hindberg sold a car to Latterly on the following terms:18 W
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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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Which of the following statements relating to internal and external auditors is correct?A company predicted that the learning rate for production of a new product would be 80%. The actual learning rat
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The following statements have been made about life cycle costing:24 What figure should appear in the consolidated balance sheet of the J group as at 31 December 2004 for minority14 Alpha buys goods fr
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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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18 Which of the following statements about accounting ratios and their interpretation are correct?A company predicted that the learning rate for production of a new product would be 80%. The actual le
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24 What figure should appear in the consolidated balance sheet of the J group as at 31 December 2004 for minority15 Which of the following statements about intangible assets are correct?Hindberg is a
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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:13 Which of the following
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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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Is the following statement true or false?Hindberg is a car retailer. On 1 April 2014, Hindberg sold a car to Latterly on the following terms:19 What is the company’s return on shareholders’ equity?
Tr
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18 Which of the following statements about accounting ratios and their interpretation are correct?Is the following statement true or false?24 What figure should appear in the consolidated balance shee
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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.Faithful representation is a fundamental characteristic of useful information within the IASB’s Conce
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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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18 How should interest charged on partners’ drawings appear in partnership financial statements?13 Which of the following correctly describes the imprest system for operating petty cash?18 Which of th
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Which of the following statements relating to internal and external auditors is correct?The following statements have been made about life cycle costing:A company predicted that the learning rate for
-
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:17 A business income stat
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Faithful representation is a fundamental characteristic of useful information within the IASB’s Conceptual framework for financial reporting.The following information is available for a manufacturing
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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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18 Which of the following statements about accounting ratios and their interpretation are correct?25 What should the minority interest figure be in the group’s consolidated balance sheet at 31 Decembe
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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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18 Which of the following statements about accounting ratios and their interpretation are correct?15 Which of the following statements about intangible assets are correct?19 What is the company’s retu
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The following information is available for a manufacturing company which produces multiple products:Is the following statement true or false?25 What should the minority interest figure be in the group
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Is the following statement true or false?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 to
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In 2014 Mr Yuan inherited an estate of RMB2 million from his uncle who had died two months earlier.Faithful representation is a fundamental characteristic of useful information within the IASB’s Conce
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15 Which of the following statements about intangible assets are correct?13 Which of the following correctly describes the imprest system for operating petty cash?A company predicted that the learning
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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.Hindberg is a car retailer. On 1 April 2014, Hindberg sold a car to Latterly on the followi
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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
