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
Faithful representation is a fundamental characteristic of useful information within the IASB’s Conceptual framework for financial reporting.In 2014 Mr Yuan inherited an estate of RMB2 million from hi
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
17 A business income statement for the year ended 31 December 2004 showed a net profit of $83,600. It was laterC Co uses material B, which has a current market price of $0·80 per kg. In a linear progr
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
13 Which of the following correctly describes the imprest system for operating petty cash?Hindberg is a car retailer. On 1 April 2014, Hindberg sold a car to Latterly on the following terms:A
All expe
18 How should interest charged on partners’ drawings appear in partnership financial statements?18 Which of the following statements about accounting ratios and their interpretation are correct?1 A lo
Faithful representation is a fundamental characteristic of useful information within the IASB’s Conceptual framework for financial reporting.19 At 30 June 2004 a company’s allowance for receivables wa
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
