- 18 Which of the following statements about accounting ratios and their interpretation are correct?18 How should interest charged on partners’ drawings appear in partnership financial statements?1 A lo
- 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
- 25 What should the minority interest figure be in the group’s consolidated balance sheet at 31 December 2005?Faithful representation is a fundamental characteristic of useful information within the IA
- 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
- 15 Which of the following statements about intangible assets are correct?A corporate taxpayer has under-reported its taxable revenue in 2002 and hence underpaid value added tax (VAT) and enterprise in
- 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
- 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
- 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?10 What w
- The following statements have been made about life cycle costing: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 retail
- 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
- 18 Which of the following statements about accounting ratios and their interpretation are correct?Is the following statement true or false?1 A low-geared company is more able to survive a downturn in
- 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:8 P and Q are in partners
- 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
- 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
- The following statements have been made about life cycle costing:10 What would the company’s profit become after the correction of the above errors?Hindberg is a car retailer. On 1 April 2014, Hindber
- 14 Alpha buys goods from Beta. At 30 June 2005 Beta’s account in Alpha’s records showed $5,700 owing to Beta.C Co uses material B, which has a current market price of $0·80 per kg. In a linear program
- 10 What would the company’s profit become after the correction of the above errors?Is the following statement true or false?A corporate taxpayer has under-reported its taxable revenue in 2002 and henc
- Faithful representation is a fundamental characteristic of useful information within the IASB’s Conceptual framework for financial reporting.Mr Li, a photographer, had his photos published in the July
- The following statements have been made about life cycle costing:13 Which of the following correctly describes the imprest system for operating petty cash?(i) It focuses on the short-term by identifyi
- Faithful representation is a fundamental characteristic of useful information within the IASB’s Conceptual framework for financial reporting.15 Which of the following statements about intangible asset
- The following information is available for a manufacturing company which produces multiple products:Which of the following statements relating to internal and external auditors is correct?Mr Li, a pho
- 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
- Hindberg is a car retailer. On 1 April 2014, Hindberg sold a car to Latterly on the following terms:18 How should interest charged on partners’ drawings appear in partnership financial statements?19 W
- 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
- 19 What is the company’s return on shareholders’ equity?Is the following statement true or false?15/40 = 37·5%
20/100 = 20%
15/100 = 15%#
20/150 = 13·3%
True#
FalseCWhere there is a significant change
- Hindberg is a car retailer. On 1 April 2014, Hindberg sold a car to Latterly on the following terms:Is the following statement true or false?15 Which of the following statements about intangible asset
- 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
- The following statements have been made about life cycle costing:Faithful representation is a fundamental characteristic of useful information within the IASB’s Conceptual framework for financial repo
- 18 How should interest charged on partners’ drawings appear in partnership financial statements?Hindberg is a car retailer. On 1 April 2014, Hindberg sold a car to Latterly on the following terms:Fait
- Which of the following statements relating to internal and external auditors is correct?Mr Li, a photographer, had his photos published in the July 2014 edition of the tourism journal. The total fee w
- 19 What is the company’s return on shareholders’ equity?A company predicted that the learning rate for production of a new product would be 80%. The actual learning rate was 75%. The following possibl
- 10 What would the company’s profit become after the correction of the above errors?Which of the following statements relating to internal and external auditors is correct?C Co uses material B, which h
- 10 What would the company’s profit become after the correction of the above errors?C Co uses material B, which has a current market price of $0·80 per kg. In a linear program, where the objective is t
- Faithful representation is a fundamental characteristic of useful information within the IASB’s Conceptual framework for financial reporting.Which of the following statements relating to internal and
- Which of the following statements relating to internal and external auditors is correct?The following statements have been made about life cycle costing:19 What is the company’s return on shareholders
- Faithful representation is a fundamental characteristic of useful information within the IASB’s Conceptual framework for financial reporting.15 Which of the following statements about intangible asset
- 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
- 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
- 18 Which of the following statements about accounting ratios and their interpretation are correct?The following information is available for a manufacturing company which produces multiple products:1
- 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:17 A business income stat
