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In 2014 Mr Yuan inherited an estate of RMB2 million from his uncle who had died two months earlier.Mr Li, a photographer, had his photos published in the July 2014 edition of the tourism journal. The
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Is the following statement true or false?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 Decembe
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Which of the following statements relating to internal and external auditors is correct?A company predicted that the learning rate for production of a new product would be 80%. The actual learning rat
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Faithful representation is a fundamental characteristic of useful information within the IASB’s Conceptual framework for financial reporting.18 Which of the following statements about accounting ratio
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10 What would the company’s profit become after the correction of the above errors?Is the following statement true or false?19 What is the company’s return on shareholders’ equity?$634,760
$624,760
$6
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10 What would the company’s profit become after the correction of the above errors?24 What figure should appear in the consolidated balance sheet of the J group as at 31 December 2004 for minority25 W
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The following statements have been made about life cycle costing:18 How should interest charged on partners’ drawings appear in partnership financial statements?(i) It focuses on the short-term by ide
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13 Which of the following correctly describes the imprest system for operating petty cash?Is the following statement true or false?19 At 30 June 2004 a company’s allowance for receivables was $39,000.
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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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25 What should the minority interest figure be in the group’s consolidated balance sheet at 31 December 2005?Mr Li, a photographer, had his photos published in the July 2014 edition of the tourism jou
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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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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?Mr Li, a photographer, had
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19 What is the company’s return on shareholders’ equity?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 a
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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 laterWhich of the following statements relating to internal and external auditors is correct?f
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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:13 Which of the following
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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 laterHindberg is a car retailer. On 1
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18 How should interest charged on partners’ drawings appear in partnership financial statements?Faithful representation is a fundamental characteristic of useful information within the IASB’s Conceptu
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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?14 Alpha buys goods from Beta. At 30 June 2005 Beta’s account in Alpha’s records showed $5,700 owing to Beta.I
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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
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24 What figure should appear in the consolidated balance sheet of the J group as at 31 December 2004 for minority25 What should the minority interest figure be in the group’s consolidated balance shee
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Which of the following statements relating to internal and external auditors is correct?17 A business income statement for the year ended 31 December 2004 showed a net profit of $83,600. It was laterH
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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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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
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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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24 What figure should appear in the consolidated balance sheet of the J group as at 31 December 2004 for minority8 P and Q are in partnership, sharing profits in the ratio 2:1. On 1 July 2004 they adm
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13 Which of the following correctly describes the imprest system for operating petty cash?14 Alpha buys goods from Beta. At 30 June 2005 Beta’s account in Alpha’s records showed $5,700 owing to Beta.B
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13 Which of the following correctly describes the imprest system for operating petty cash?Is the following statement true or false?18 How should interest charged on partners’ drawings appear in partne
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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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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
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24 What figure should appear in the consolidated balance sheet of the J group as at 31 December 2004 for minorityWhich of the following statements relating to internal and external auditors is correct
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18 Which of the following statements about accounting ratios and their interpretation are correct?8 P and Q are in partnership, sharing profits in the ratio 2:1. On 1 July 2004 they admitted P’s son R
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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.15 Which of the following statements about in
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18 Which of the following statements about accounting ratios and their interpretation are correct?In 2014 Mr Yuan inherited an estate of RMB2 million from his uncle who had died two months earlier.Mr
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In 2014 Mr Yuan inherited an estate of RMB2 million from his uncle who had died two months earlier.25 What should the minority interest figure be in the group’s consolidated balance sheet at 31 Decemb
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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:15 Which of the following
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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
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In 2014 Mr Yuan inherited an estate of RMB2 million from his uncle who had died two months earlier.Faithful representation is a fundamental characteristic of useful information within the IASB’s Conce
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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 later19 What is the company’s return on shareholders’ equity?18 Which of the following stateme
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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
