The following information is available for a manufacturing company which produces multiple products:15 Which of the following statements about intangible assets are correct?In 2014 Mr Yuan inherited a
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
13 Which of the following correctly describes the imprest system for operating petty cash?In 2014 Mr Yuan inherited an estate of RMB2 million from his uncle who had died two months earlier.19 What is
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. P10 What would the company’s profit become after the correction of the above errors
19 What is the company’s return on shareholders’ equity?14 Alpha buys goods from Beta. At 30 June 2005 Beta’s account in Alpha’s records showed $5,700 owing to Beta.19 At 30 June 2004 a company’s allo
Faithful representation is a fundamental characteristic of useful information within the IASB’s Conceptual framework for financial reporting.The following information is available for a manufacturing
Mr Li, a photographer, had his photos published in the July 2014 edition of the tourism journal. The total fee was RMB20,000 and the publisher agreed to pay Mr Li by two instalments, one of RMB18,000
