19 Which of the following statements about intangible assets in company financial statements are correct accordingA corporate taxpayer has under-reported its taxable revenue in 2002 and hence underpai
In 2014 Mr Yuan inherited an estate of RMB2 million from his uncle who had died two months earlier.19 At 30 June 2004 a company’s allowance for receivables was $39,000. At 30 June 2005 trade receivabl
24 What figure should appear in the consolidated balance sheet of the J group as at 31 December 2004 for minority17 A business income statement for the year ended 31 December 2004 showed a net profit
13 Which of the following correctly describes the imprest system for operating petty cash?Hindberg is a car retailer. On 1 April 2014, Hindberg sold a car to Latterly on the following terms:A
All expe
18 How should interest charged on partners’ drawings appear in partnership financial statements?18 Which of the following statements about accounting ratios and their interpretation are correct?1 A lo
20 IAS 2 Inventories defines the extent to which overheads are included in the cost of inventories of finished goods.6 Ordan received a statement from one of its suppliers, Alta, showing a balance due
11 The following information is available for Orset, a sole trader who does not keep full accounting records:Which of the following statements relating to internal and external auditors is correct?$
I
Is the following statement true or false?Hindberg is a car retailer. On 1 April 2014, Hindberg sold a car to Latterly on the following terms:
True#
FalseLatterly paid $12,650 (half of the cost) on 1 A
24 What figure should appear in the consolidated balance sheet of the J group as at 31 December 2004 for minorityThe following statements have been made about life cycle costing:interest?$32,000
$16,0
A company predicted that the learning rate for production of a new product would be 80%. The actual learning rate was 75%. The following possible reasons were stated for this:Mr Li, a photographer, ha
11 The following information is available for Orset, a sole trader who does not keep full accounting records:24 What figure should appear in the consolidated balance sheet of the J group as at 31 Dece
Hindberg is a car retailer. On 1 April 2014, Hindberg sold a car to Latterly on the following terms:The following information is available for a manufacturing company which produces multiple products:
