- 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
- 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
- 17 A business income statement for the year ended 31 December 2004 showed a net profit of $83,600. It was laterThe following information is available for a manufacturing company which produces multipl
- 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
- 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
- Is the following statement true or false?14 Alpha buys goods from Beta. At 30 June 2005 Beta’s account in Alpha’s records showed $5,700 owing to Beta.Beta submitted a statement to Alpha as at the same
- 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 How should interest charged on partners’ drawings appear in partnership financial statements?Is the following statement true or false?18 Which of the following statements about accounting ratios an
- Hindberg is a car retailer. On 1 April 2014, Hindberg sold a car to Latterly on the following terms:The following statements have been made about life cycle costing:18 Which of the following statement
- 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 of RMB2 million from his uncle who had died two months earlier.1
- 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
- Is the following statement true or false?17 A business income statement for the year ended 31 December 2004 showed a net profit of $83,600. It was laterfound that $18,000 paid for the purchase of a mo
- 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
- 13 Which of the following correctly describes the imprest system for operating petty cash?17 A business income statement for the year ended 31 December 2004 showed a net profit of $83,600. It was late
- 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
- 19 What is the company’s return on shareholders’ equity?17 A business income statement for the year ended 31 December 2004 showed a net profit of $83,600. It was laterfound that $18,000 paid for the p
- 17 A business income statement for the year ended 31 December 2004 showed a net profit of $83,600. It was laterHindberg is a car retailer. On 1 April 2014, Hindberg sold a car to Latterly on the follo
- 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
- 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
- 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?17 A
- 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
- 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
- 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. P25 What should the minority interest figure be in the group’s consolidated balance
- 14 Alpha buys goods from Beta. At 30 June 2005 Beta’s account in Alpha’s records showed $5,700 owing to Beta.8 P and Q are in partnership, sharing profits in the ratio 2:1. On 1 July 2004 they admitte
- 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
- 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
- In 2014 Mr Yuan inherited an estate of RMB2 million from his uncle who had died two months earlier.18 Which of the following statements about accounting ratios and their interpretation are correct?1 A
- 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
- 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?1 If certain criteria are met, resear
- 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
- 13 Which of the following correctly describes the imprest system for operating petty cash?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 pa
- 19 What is the company’s return on shareholders’ equity?18 Which of the following statements about accounting ratios and their interpretation are correct?A company predicted that the learning rate for
- 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
- 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
- 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
- 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
- 19 What is the company’s return on shareholders’ equity?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 shad
- Faithful representation is a fundamental characteristic of useful information within the IASB’s Conceptual framework for financial reporting.25 What should the minority interest figure be in the group
- 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 2014, Hindberg sold a car to Latterly on th
- 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
