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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 consolidated balance sheet of the J group as at 31 December 2004
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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 later18 Which of the following statements about accounting ratios and their interpretation are
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In 2014 Mr Yuan inherited an estate of RMB2 million from his uncle who had died two months earlier.Which of the following statements relating to internal and external auditors is correct?What is the c
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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?14 Alpha buys goods from Beta. At 30 June 2005 Beta’s account in Alpha’s records showed $5,
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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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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:19 What is the company’s
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The following statements have been made about life cycle costing:18 Which of the following statements about accounting ratios and their interpretation are correct?Mr Li, a photographer, had his photos
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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
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The following information is available for a manufacturing company which produces multiple products:8 P and Q are in partnership, sharing profits in the ratio 2:1. On 1 July 2004 they admitted P’s son
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The following information is available for a manufacturing company which produces multiple products:24 What figure should appear in the consolidated balance sheet of the J group as at 31 December 2004
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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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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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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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The following statements have been made about life cycle costing: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 decid
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15 Which of the following statements about intangible assets are correct?14 Alpha buys goods from Beta. At 30 June 2005 Beta’s account in Alpha’s records showed $5,700 owing to Beta.25 What should the
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25 What should the minority interest figure be in the group’s consolidated balance sheet at 31 December 2005?13 Which of the following correctly describes the imprest system for operating petty cash?2
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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:C Co uses material B, whi
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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.Hindberg is a car retailer. On 1 April 2014, Hindberg sold a car to Latterly on the followi
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The following information is available for a manufacturing company which produces multiple products:8 P and Q are in partnership, sharing profits in the ratio 2:1. On 1 July 2004 they admitted P’s son
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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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Which of the following statements relating to internal and external auditors is correct?Is the following statement true or false?19 What is the company’s return on shareholders’ equity?Faithful repres
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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. PC Co uses material B, which has a current market price of $0·80 per kg. In a linea
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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?Which of the following statements relating to internal and ex
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Is the following statement true or false?Hindberg is a car retailer. On 1 April 2014, Hindberg sold a car to Latterly on the following terms:
True#
FalseLatterly paid $12,650 (half of the cost) on 1 A
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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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18 How should interest charged on partners’ drawings appear in partnership financial statements?19 At 30 June 2004 a company’s allowance for receivables was $39,000. At 30 June 2005 trade receivables
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18 How should interest charged on partners’ drawings appear in partnership financial statements?In 2014 Mr Yuan inherited an estate of RMB2 million from his uncle who had died two months earlier.17 A
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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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Which of the following statements relating to internal and external auditors is correct?13 Which of the following correctly describes the imprest system for operating petty cash?The following statemen
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The following information is available for a manufacturing company which produces multiple products:In 2014 Mr Yuan inherited an estate of RMB2 million from his uncle who had died two months earlier.1
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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?Which of the following statements relating to internal and external auditors is correct?10 What would the comp
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13 Which of the following correctly describes the imprest system for operating petty cash?A corporate taxpayer has under-reported its taxable revenue in 2002 and hence underpaid value added tax (VAT)
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15 Which of the following statements about intangible assets are correct?A company predicted that the learning rate for production of a new product would be 80%. The actual learning rate was 75%. The
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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
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Is the following statement true or false?24 What figure should appear in the consolidated balance sheet of the J group as at 31 December 2004 for minorityinterest?
True#
False$32,000
$16,000
$10,000
$
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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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17 A business income statement for the year ended 31 December 2004 showed a net profit of $83,600. It was laterMr Li, a photographer, had his photos published in the July 2014 edition of the tourism j
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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:A
