19 What is the company’s return on shareholders’ equity?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. P25 What should the minorit
17 A business income statement for the year ended 31 December 2004 showed a net profit of $83,600. It was later19 What is the company’s return on shareholders’ equity?14 Alpha buys goods from Beta. At
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
18 How should interest charged on partners’ drawings appear in partnership financial statements?In 2014 Mr Yuan inherited an estate of RMB2 million from his uncle who had died two months earlier.A com
