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
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
22 Which of the following items may appear in a company’s statement of changes in equity, according to IAS 1 Presentation of financial statements?13 Which of the following correctly describes the impr
18 How should interest charged on partners’ drawings appear in partnership financial statements?A company predicted that the learning rate for production of a new product would be 80%. The actual lear
24 What figure should appear in the consolidated balance sheet of the J group as at 31 December 2004 for minorityMr Li, a photographer, had his photos published in the July 2014 edition of the tourism
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:8
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
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?6 Ordan received a statement from one of its suppliers, Alta, showing a balance due of $3,980. The amount dueaccording to the payables ledger ac
13 Which of the following correctly describes the imprest system for operating petty cash?Which of the following statements relating to internal and external auditors is correct?19 At 30 June 2004 a c
