- Faithful representation is a fundamental characteristic of useful information within the IASB’s Conceptual framework for financial reporting.Which of the following accounting treatments correctly appl
- 15 Which of the following statements about intangible assets are correct?Faithful representation is a fundamental characteristic of useful information within the IASB’s Conceptual framework for financ
- 14 Alpha buys goods from Beta. At 30 June 2005 Beta’s account in Alpha’s records showed $5,700 owing to Beta.Mr Li, a photographer, had his photos published in the July 2014 edition of the tourism jou
- 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
- 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
- 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
- In 2014 Mr Yuan inherited an estate of RMB2 million from his uncle who had died two months earlier.Is the following statement true or false?C Co uses material B, which has a current market price of $0
- 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
- 19 What is the company’s return on shareholders’ equity?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. PThe following statements h
- 24 What figure should appear in the consolidated balance sheet of the J group as at 31 December 2004 for minority18 How should interest charged on partners’ drawings appear in partnership financial st
- 17 A business income statement for the year ended 31 December 2004 showed a net profit of $83,600. It was later8 P and Q are in partnership, sharing profits in the ratio 2:1. On 1 July 2004 they admit
- 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
- 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?Is
- 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
- 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
- Which of the following statements relating to internal and external auditors is correct?10 What would the company’s profit become after the correction of the above errors?The following statements have
- The following statements have been made about life cycle costing: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 pu
- Hindberg is a car retailer. On 1 April 2014, Hindberg sold a car to Latterly on the following terms:19 At 30 June 2004 a company’s allowance for receivables was $39,000. At 30 June 2005 trade receivab
- 25 What should the minority interest figure be in the group’s consolidated balance sheet at 31 December 2005?C Co uses material B, which has a current market price of $0·80 per kg. In a linear program
- 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
- 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
- 14 Alpha buys goods from Beta. At 30 June 2005 Beta’s account in Alpha’s records showed $5,700 owing to Beta.C Co uses material B, which has a current market price of $0·80 per kg. In a linear program
- 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
- 18 How should interest charged on partners’ drawings appear in partnership financial statements?24 What figure should appear in the consolidated balance sheet of the J group as at 31 December 2004 for
- 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
- Which of the following statements relating to internal and external auditors is correct?18 How should interest charged on partners’ drawings appear in partnership financial statements?25 What should t
- 17 A business income statement for the year ended 31 December 2004 showed a net profit of $83,600. It was laterIs the following statement true or false?Mr Li, a photographer, had his photos published
- 10 What would the company’s profit become after the correction of the above errors?The following information is available for a manufacturing company which produces multiple products:18 Which of the f
- Is the following statement true or false?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
- Which of the following statements relating to internal and external auditors is correct?Hindberg is a car retailer. On 1 April 2014, Hindberg sold a car to Latterly on the following terms:Is the follo
- 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:24 What figure should app
- 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
- 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:8 P and Q are in partners
- 14 Alpha buys goods from Beta. At 30 June 2005 Beta’s account in Alpha’s records showed $5,700 owing to Beta.C Co uses material B, which has a current market price of $0·80 per kg. In a linear program
- Faithful representation is a fundamental characteristic of useful information within the IASB’s Conceptual framework for financial reporting.15 Which of the following statements about intangible asset
- 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
- The following statements have been made about life cycle costing:Faithful representation is a fundamental characteristic of useful information within the IASB’s Conceptual framework for financial repo
- 10 What would the company’s profit become after the correction of the above errors?Which of the following statements relating to internal and external auditors is correct?C Co uses material B, which h
- Faithful representation is a fundamental characteristic of useful information within the IASB’s Conceptual framework for financial reporting.Which of the following statements relating to internal and
- 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
