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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:The following information
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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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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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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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Which of the following statements relating to internal and external auditors is correct?14 Alpha buys goods from Beta. At 30 June 2005 Beta’s account in Alpha’s records showed $5,700 owing to Beta.19
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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
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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.A corporate taxpayer has under-reported its taxable revenue in 2002 and hence underpaid val
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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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In 2014 Mr Yuan inherited an estate of RMB2 million from his uncle who had died two months earlier.10 What would the company’s profit become after the correction of the above errors?19 What is the com
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24 What figure should appear in the consolidated balance sheet of the J group as at 31 December 2004 for minority19 At 30 June 2004 a company’s allowance for receivables was $39,000. At 30 June 2005 t
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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?14 Alpha buys goods from Beta
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The following statements have been made about life cycle costing:25 What should the minority interest figure be in the group’s consolidated balance sheet at 31 December 2005?24 What figure should appe
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The following information is available for a manufacturing company which produces multiple products:The following statements have been made about life cycle costing:17 A business income statement for
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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. PIn 2014 Mr Yuan inherited an estate of RM
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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.A company predicted that the learning rate for production of a new product would be 80%. Th
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25 What should the minority interest figure be in the group’s consolidated balance sheet at 31 December 2005?19 What is the company’s return on shareholders’ equity?In 2014 Mr Yuan inherited an estate
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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:18 How should interest ch
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15 Which of the following statements about intangible assets are correct?18 Which of the following statements about accounting ratios and their interpretation are correct?A corporate taxpayer has unde
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In 2014 Mr Yuan inherited an estate of RMB2 million from his uncle who had died two months earlier.15 Which of the following statements about intangible assets are correct?A corporate taxpayer has und
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Faithful representation is a fundamental characteristic of useful information within the IASB’s Conceptual framework for financial reporting.24 What figure should appear in the consolidated balance sh
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In 2014 Mr Yuan inherited an estate of RMB2 million from his uncle who had died two months earlier.A company predicted that the learning rate for production of a new product would be 80%. The actual l
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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?17 A business income statem
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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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17 A business income statement for the year ended 31 December 2004 showed a net profit of $83,600. It was laterC Co uses material B, which has a current market price of $0·80 per kg. In a linear progr
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The following information is available for a manufacturing company which produces multiple products:18 How should interest charged on partners’ drawings appear in partnership financial statements?25 W
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19 What is the company’s return on shareholders’ equity?Is the following statement true or false?The following statements have been made about life cycle costing:15/40 = 37·5%
20/100 = 20%
15/100 = 15
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Faithful representation is a fundamental characteristic of useful information within the IASB’s Conceptual framework for financial reporting.13 Which of the following correctly describes the imprest s
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The following information is available for a manufacturing company which produces multiple products:15 Which of the following statements about intangible assets are correct?In 2014 Mr Yuan inherited a
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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, the shadow price of material B is $2 per kg. The following state
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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?In 2014 Mr Yuan inherited an estate of RMB2 million from his uncle who had died two months earlier.19 What is
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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?25 What should
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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, the shadow price of material B is $2 per kg. The following state
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15 Which of the following statements about intangible assets are correct?A corporate taxpayer has under-reported its taxable revenue in 2002 and hence underpaid value added tax (VAT) and enterprise in
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19 What is the company’s return on shareholders’ equity?The following information is available for a manufacturing company which produces multiple products:Is the following statement true or false?15/
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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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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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In 2014 Mr Yuan inherited an estate of RMB2 million from his uncle who had died two months earlier.17 A business income statement for the year ended 31 December 2004 showed a net profit of $83,600. It
