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
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
17 A business income statement for the year ended 31 December 2004 showed a net profit of $83,600. It was laterA company predicted that the learning rate for production of a new product would be 80%.
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
In 2014 Mr Yuan inherited an estate of RMB2 million from his uncle who had died two months earlier.18 How should interest charged on partners’ drawings appear in partnership financial statements?What
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
19 Which of the following statements about intangible assets in company financial statements are correct according25 What should the minority interest figure be in the group’s consolidated balance she
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
15 What journal entry is required to record goods taken from inventory by the owner of a business?12 At 1 July 2004 a company had prepaid insurance of $8,200. On 1 January 2005 the company paid $38,00
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.
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:Mr Li, a photographer, ha
Hindberg is a car retailer. On 1 April 2014, Hindberg sold a car to Latterly on the following terms: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.A corporate taxpayer has under-reported its taxable revenue in 2002 and hence underpaid value added t
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
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
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?$634,760
$624,760
$624,440
$625,240#15/40 = 37·5%
20/100 = 20
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
$
