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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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19 What is the company’s return on shareholders’ equity?18 Which of the following statements about accounting ratios and their interpretation are correct?Faithful representation is a fundamental chara
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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.15 Which of the following statements about intangible assets are correct?The following info
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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 later25 What should the minority interest figure be in the group’s consolidated balance sheet
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The following statements have been made about life cycle costing: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. Pguaranteed that R
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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 laterC Co uses material B, which has a current market price of $0·80 per kg. In a linear progr
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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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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. PFaithful representation is a fundamental characteristic of useful information with
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Which of the following statements relating to internal and external auditors is correct?Is the following statement true or false?Internal auditors are required to be members of a professional body
Int
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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?The following stateme
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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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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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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. P15 Which of the following statements about intangible assets are correct?guarantee
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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 later15 Which of the following statements about intangible assets are correct?14 Alpha buys go
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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:1
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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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In 2014 Mr Yuan inherited an estate of RMB2 million from his uncle who had died two months earlier.19 What is the company’s return on shareholders’ equity?What is the correct treatment of the estate i
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18 How should interest charged on partners’ drawings appear in partnership financial statements?17 A business income statement for the year ended 31 December 2004 showed a net profit of $83,600. It wa
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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
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Which of the following statements relating to internal and external auditors is correct?C Co uses material B, which has a current market price of $0·80 per kg. In a linear program, where the objective
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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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Faithful representation is a fundamental characteristic of useful information within the IASB’s Conceptual framework for financial reporting.14 Alpha buys goods from Beta. At 30 June 2005 Beta’s accou
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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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The following information is available for a manufacturing company which produces multiple products:Mr Li, a photographer, had his photos published in the July 2014 edition of the tourism journal. The
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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 later14 Alpha buys goods from Beta. At 30 June 2005 Beta’s account in Alpha’s records showed $
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13 Which of the following correctly describes the imprest system for operating petty cash?Mr Li, a photographer, had his photos published in the July 2014 edition of the tourism journal. The total fee
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13 Which of the following correctly describes the imprest system for operating petty cash?Faithful representation is a fundamental characteristic of useful information within the IASB’s Conceptual fra
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18 How should interest charged on partners’ drawings appear in partnership financial statements?A corporate taxpayer has under-reported its taxable revenue in 2002 and hence underpaid value added tax
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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?A company predicted that the learning rate for production of a new product would be 80%. The actual learning rat
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The following information is available for a manufacturing company which produces multiple products:17 A business income statement for the year ended 31 December 2004 showed a net profit of $83,600. I
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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.Is the following s
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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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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 corporate taxpayer has under-reported its taxable revenue in 2002 and hence unde
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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.A company predicted that the learning rate for production of a new product would be 80%. Th
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18 Which of the following statements about accounting ratios and their interpretation are correct?Faithful representation is a fundamental characteristic of useful information within the IASB’s Concep
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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 laterHindberg is a car retailer. On 1 April 2014, Hindberg sold a car to Latterly on the follo
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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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Faithful representation is a fundamental characteristic of useful information within the IASB’s Conceptual framework for financial reporting.19 At 30 June 2004 a company’s allowance for receivables wa
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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
