-
Hindberg is a car retailer. On 1 April 2014, Hindberg sold a car to Latterly on the following terms:Faithful representation is a fundamental characteristic of useful information within the IASB’s Conc
-
18 Which of the following statements about accounting ratios and their interpretation are correct?24 What figure should appear in the consolidated balance sheet of the J group as at 31 December 2004 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
-
24 What figure should appear in the consolidated balance sheet of the J group as at 31 December 2004 for minorityHindberg is a car retailer. On 1 April 2014, Hindberg sold a car to Latterly on the fol
-
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
-
20 IAS 2 Inventories defines the extent to which overheads are included in the cost of inventories of finished goods.18 How should interest charged on partners’ drawings appear in partnership financia
-
2 Which of the following are correct?The following information is available for a manufacturing company which produces multiple products:20 IAS 2 Inventories defines the extent to which overheads are
-
21 Which of the following statements about contingent assets and contingent liabilities are correct?11 The following information is available for Orset, a sole trader who does not keep full accounting
-
22 Which of the following statements about limited liability companies’ accounting is/are correct?13 At 1 January 2005 a company had an allowance for receivables of $18,00017 A business income stateme
-
In 2014 Mr Yuan inherited an estate of RMB2 million from his uncle who had died two months earlier.13 At 1 January 2005 a company had an allowance for receivables of $18,000Hindberg is a car retailer.
-
The following information is available for a manufacturing company which produces multiple products:2 Which of the following are correct?19 Which of the following statements about intangible assets in
-
5 An enterprise has made a material change to an accounting policy in preparing its current financial statements.The following information is available for a manufacturing company which produces multi
-
12 Which of the following statements are correct?Under certain circumstances, profits made on transactions between members of a group need to be eliminated from the consolidated financial statements u
-
22 Which of the following items may appear in a company’s statement of changes in equity, according to IAS 1 Presentation of financial statements?13 Which of the following correctly describes the impr
-
11 Which of the following statements are correct?13 Which of the following correctly describes the imprest system for operating petty cash?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?In 2014 Mr Yuan inherited an estate of RMB2 million from his uncle who had died two months
-
17 A company sublets part of its office accommodation. In the year ended 30 June 2005 cash received from tenants9 Which of the following items must be disclosed in a company’s published financial stat
-
13 Which of the following correctly describes the imprest system for operating petty cash?11 The following information is available for Orset, a sole trader who does not keep full accounting records:2
-
11 The following information is available for Orset, a sole trader who does not keep full accounting records:Hindberg is a car retailer. On 1 April 2014, Hindberg sold a car to Latterly on the followi
-
11 Which of the following statements are correct?13 Which of the following correctly describes the imprest system for operating petty cash?15 Which of the following statements about intangible assets
-
16 Which of the following statements about accounting concepts and conventions are correct?21 Which of the following statements about contingent assets and contingent liabilities are correct?15 Which
-
19 Which of the following statements about intangible assets in company financial statements are correct according18 Which of the following statements about accounting ratios and their interpretation
-
9 Which of the following items must be disclosed in a company’s published financial statements (including notes)In 2014 Mr Yuan inherited an estate of RMB2 million from his uncle who had died two mont
-
6 Ordan received a statement from one of its suppliers, Alta, showing a balance due of $3,980. The amount due22 Which of the following items may appear in a company’s statement of changes in equity, a
-
13 At 1 January 2005 a company had an allowance for receivables of $18,00015 Which of the following statements about intangible assets are correct?14 Alpha buys goods from Beta. At 30 June 2005 Beta’s
-
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. P12 Which of the following statements are correct?Faithful representation is a fund
-
16 Which of the following events between the balance sheet date and the date the financial statements are21 Which of the following statements about contingent assets and contingent liabilities are cor
-
8 Which of the following statements about accounting concepts and conventions are correct?10 What would the company’s profit become after the correction of the above errors?Mr Li, a photographer, had
-
18 How should interest charged on partners’ drawings appear in partnership financial statements?15 Which of the following statements about intangible assets are correct?19 What is the company’s return
-
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:8
-
13 At 1 January 2005 a company had an allowance for receivables of $18,000The following information is available for a manufacturing company which produces multiple products:19 Which of the following
-
9 Which of the following items must be disclosed in a company’s published financial statements (including notes)17 A company sublets part of its office accommodation. In the year ended 30 June 2005 ca
-
10 What would the company’s profit become after the correction of the above errors?24 Sigma’s bank statement shows an overdrawn balance of $38,600 at 30 June 2005. A check against the company’s cash b
-
24 Sigma’s bank statement shows an overdrawn balance of $38,600 at 30 June 2005. A check against the company’s cash book revealed the following differences:21 Which of the following statements about c
-
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 statements
-
10 What would the company’s profit become after the correction of the above errors?17 A business income statement for the year ended 31 December 2004 showed a net profit of $83,600. It was later19 At
-
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?Which of the following statements r
-
25 What should the minority interest figure be in the group’s consolidated balance sheet at 31 December 2005?15 Which of the following statements about intangible assets are correct?10 What would the
-
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:A corporate taxpayer has
-
The following information is relevant for questions 9 and 1024 Sigma’s bank statement shows an overdrawn balance of $38,600 at 30 June 2005. A check against the company’s cash book revealed the follow
