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:A corporate taxpayer has
13 Which of the following correctly describes the imprest system for operating petty cash?Is the following statement true or false?19 At 30 June 2004 a company’s allowance for receivables was $39,000.
20 IAS 2 Inventories defines the extent to which overheads are included in the cost of inventories of finished goods.18 How should interest charged on partners’ drawings appear in partnership financia
18 Which of the following statements about accounting ratios and their interpretation are correct?In 2014 Mr Yuan inherited an estate of RMB2 million from his uncle who had died two months earlier.Mr
24 What figure should appear in the consolidated balance sheet of the J group as at 31 December 2004 for minority13 Which of the following correctly describes the imprest system for operating petty ca
Hindberg is a car retailer. On 1 April 2014, Hindberg sold a car to Latterly on the following terms:Is the following statement true or false?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.A corporate taxpayer has under-reported its taxable revenue
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 What is the company’s return on shareholders’ equity?The following statements have been made about life cycle costing:A company predicted that the learning rate for production of a new product woul
19 What is the company’s return on shareholders’ equity?The following statements have been made about life cycle costing:Faithful representation is a fundamental characteristic of useful information w
Is the following statement true or false?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 to
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
9 Which of the following items must be disclosed in a company’s published financial statements (including notes)17 A company sublets part of its office accommodation. In the year ended 30 June 2005 ca
