14 Alpha buys goods from Beta. At 30 June 2005 Beta’s account in Alpha’s records showed $5,700 owing to Beta.2 Which of the following are correct?17 A business income statement for the year ended 31 D
17 A business income statement for the year ended 31 December 2004 showed a net profit of $83,600. It was laterA corporate taxpayer has under-reported its taxable revenue in 2002 and hence underpaid v
25 What should the minority interest figure be in the group’s consolidated balance sheet at 31 December 2005?The following statements have been made about life cycle costing:18 Which of the following
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
19 Which of the following statements about intangible assets in company financial statements are correct accordingA corporate taxpayer has under-reported its taxable revenue in 2002 and hence underpai
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:The following statements
24 What figure should appear in the consolidated balance sheet of the J group as at 31 December 2004 for minority17 A business income statement for the year ended 31 December 2004 showed a net profit
16 Which of the following events between the balance sheet date and the date the financial statements are21 Which of the following statements about contingent assets and contingent liabilities are cor
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
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 laterfound that $18,000 paid
The following statements have been made about life cycle costing:24 What figure should appear in the consolidated balance sheet of the J group as at 31 December 2004 for minorityinterest?(i) It focuse
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
18 How should interest charged on partners’ drawings appear in partnership financial statements?15 Which of the following statements about intangible assets are correct?Is the following statement true
13 At 1 January 2005 a company had an allowance for receivables of $18,00015 Which of the following statements about intangible assets are correct?14 Alpha buys goods from Beta. At 30 June 2005 Beta’s
5 Which of the following factors could cause a company’s gross profit percentage on sales to fall below the expected2 Which of the following are correct?level?
1 Understatement of closing inventories.
25 What should the minority interest figure be in the group’s consolidated balance sheet at 31 December 2005?19 What is the company’s return on shareholders’ equity?Which of the following statements r
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
25 What should the minority interest figure be in the group’s consolidated balance sheet at 31 December 2005?15 Which of the following statements about intangible assets are correct?Faithful represent
10 What would the company’s profit become after the correction of the above errors?A company predicted that the learning rate for production of a new product would be 80%. The actual learning rate was
Faithful representation is a fundamental characteristic of useful information within the IASB’s Conceptual framework for financial reporting.19 What is the company’s return on shareholders’ equity?A c
