- 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
- 10 What would the company’s profit become after the correction of the above errors?15 Which of the following statements about intangible assets are correct?Faithful representation is a fundamental cha
- 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
- Hindberg is a car retailer. On 1 April 2014, Hindberg sold a car to Latterly on the following terms:A corporate taxpayer has under-reported its taxable revenue in 2002 and hence underpaid value added
- 18 How should interest charged on partners’ drawings appear in partnership financial statements?10 What would the company’s profit become after the correction of the above errors?A company predicted t
- 18 Which of the following statements about accounting ratios and their interpretation are correct?C Co uses material B, which has a current market price of $0·80 per kg. In a linear program, where the
- In 2014 Mr Yuan inherited an estate of RMB2 million from his uncle who had died two months earlier.8 P and Q are in partnership, sharing profits in the ratio 2:1. On 1 July 2004 they admitted P’s son
- Faithful representation is a fundamental characteristic of useful information within the IASB’s Conceptual framework for financial reporting.8 P and Q are in partnership, sharing profits in the ratio
- 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. P19 What is the company’s return on shareholders’ equity?14 Alpha buys goods from B
- 10 What would the company’s profit become after the correction of the above errors?Hindberg is a car retailer. On 1 April 2014, Hindberg sold a car to Latterly on the following terms:The following sta
- Is the following statement true or false?18 How should interest charged on partners’ drawings appear in partnership financial statements?A company predicted that the learning rate for production of a
- Hindberg is a car retailer. On 1 April 2014, Hindberg sold a car to Latterly on the following terms:Which of the following statements relating to internal and external auditors is correct?15 Which of
- 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
- 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?18 Which of the following statements about accounting ratios
- Is the following statement true or false?Which of the following statements relating to internal and external auditors is correct?The following information is available for a manufacturing company whic
- 19 What is the company’s return on shareholders’ equity?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 wri
- 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
- 24 What figure should appear in the consolidated balance sheet of the J group as at 31 December 2004 for minorityC Co uses material B, which has a current market price of $0·80 per kg. In a linear pro
- 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
- 13 Which of the following correctly describes the imprest system for operating petty cash?25 What should the minority interest figure be in the group’s consolidated balance sheet at 31 December 2005?1
- 25 What should the minority interest figure be in the group’s consolidated balance sheet at 31 December 2005?The following statements have been made about life cycle costing:Mr Li, a photographer, had
- 13 Which of the following correctly describes the imprest system for operating petty cash?C Co uses material B, which has a current market price of $0·80 per kg. In a linear program, where the objecti
- 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
- 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. PC Co uses material B, whic
- 17 A business income statement for the year ended 31 December 2004 showed a net profit of $83,600. It was laterWhich of the following statements relating to internal and external auditors is correct?F
- 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
- 17 A business income statement for the year ended 31 December 2004 showed a net profit of $83,600. It was laterFaithful representation is a fundamental characteristic of useful information within the
- 24 What figure should appear in the consolidated balance sheet of the J group as at 31 December 2004 for minorityThe following statements have been made about life cycle costing:8 P and Q are in partn
- 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
- 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
- Faithful representation is a fundamental characteristic of useful information within the IASB’s Conceptual framework for financial reporting.18 How should interest charged on partners’ drawings appear
- The following statements have been made about life cycle costing:15 Which of the following statements about intangible assets are correct?19 At 30 June 2004 a company’s allowance for receivables was $
- 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
- The following information is available for a manufacturing company which produces multiple products:The following statements have been made about life cycle costing:C Co uses material B, which has a c
- 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 company predicted that the learning rate for production of a new product would b
- The following statements have been made about life cycle costing: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
- 19 What is the company’s return on shareholders’ equity?In 2014 Mr Yuan inherited an estate of RMB2 million from his uncle who had died two months earlier.24 What figure should appear in the consolida
- 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
- 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
