13 Which of the following correctly describes the imprest system for operating petty cash?14 Alpha buys goods from Beta. At 30 June 2005 Beta’s account in Alpha’s records showed $5,700 owing to Beta.B
Faithful representation is a fundamental characteristic of useful information within the IASB’s Conceptual framework for financial reporting.Mr Li, a photographer, had his photos published in the July
The following statements have been made about life cycle costing:18 How should interest charged on partners’ drawings appear in partnership financial statements?(i) It focuses on the short-term by ide
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
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:In 2014 Mr Yuan inherited
In 2014 Mr Yuan inherited an estate of RMB2 million from his uncle who had died two months earlier.5 Which of the following factors could cause a company’s gross profit percentage on sales to fall bel
In 2014 Mr Yuan inherited an estate of RMB2 million from his uncle who had died two months earlier.Faithful representation is a fundamental characteristic of useful information within the IASB’s Conce
24 What figure should appear in the consolidated balance sheet of the J group as at 31 December 2004 for minority25 What should the minority interest figure be in the group’s consolidated balance shee
In 2014 Mr Yuan inherited an estate of RMB2 million from his uncle who had died two months earlier.19 What is the company’s return on shareholders’ equity?What is the correct treatment of the estate i
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
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. P22 Which of the following items may appear in a company’s statement of changes in
25 What should the minority interest figure be in the group’s consolidated balance sheet at 31 December 2005?Mr Li, a photographer, had his photos published in the July 2014 edition of the tourism jou
Hindberg is a car retailer. On 1 April 2014, Hindberg sold a car to Latterly on the following terms:In 2014 Mr Yuan inherited an estate of RMB2 million from his uncle who had died two months earlier.L
