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
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?The following statements have been made about life cycle costing:Faithful representation is a fundamental characteris
24 What figure should appear in the consolidated balance sheet of the J group as at 31 December 2004 for minorityA corporate taxpayer has under-reported its taxable revenue in 2002 and hence underpaid
In 2014 Mr Yuan inherited an estate of RMB2 million from his uncle who had died two months earlier.A company predicted that the learning rate for production of a new product would be 80%. The actual l
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. PMr Li, a photographer, had his photos published in the July 2014 edition of the to
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
The following statements have been made about life cycle costing:Which of the following statements relating to internal and external auditors is correct?Is the following statement true or false?(i) It
In 2014 Mr Yuan inherited an estate of RMB2 million from his uncle who had died two months earlier.17 A business income statement for the year ended 31 December 2004 showed a net profit of $83,600. It
The following statements have been made about life cycle costing:A corporate taxpayer has under-reported its taxable revenue in 2002 and hence underpaid value added tax (VAT) and enterprise income tax
14 Alpha buys goods from Beta. At 30 June 2005 Beta’s account in Alpha’s records showed $5,700 owing to Beta.In 2014 Mr Yuan inherited an estate of RMB2 million from his uncle who had died two months
Hindberg is a car retailer. On 1 April 2014, Hindberg sold a car to Latterly on the following terms:17 A business income statement for the year ended 31 December 2004 showed a net profit of $83,600. I
