14 Alpha buys goods from Beta. At 30 June 2005 Beta’s account in Alpha’s records showed $5,700 owing to Beta.A corporate taxpayer has under-reported its taxable revenue in 2002 and hence underpaid val
9 Which of the following items must be disclosed in a company’s published financial statements (including notes)In 2014 Mr Yuan inherited an estate of RMB2 million from his uncle who had died two mont
In 2014 Mr Yuan inherited an estate of RMB2 million from his uncle who had died two months earlier.C Co uses material B, which has a current market price of $0·80 per kg. In a linear program, where th
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
11 Which of the following statements are correct?13 Which of the following correctly describes the imprest system for operating petty cash?15 Which of the following statements about intangible assets
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:The following statements
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
A corporate taxpayer has under-reported its taxable revenue in 2002 and hence underpaid value added tax (VAT) and enterprise income tax (EIT). In 2014, the taxpayer was charged by the tax authority wi
24 What figure should appear in the consolidated balance sheet of the J group as at 31 December 2004 for minority19 At 30 June 2004 a company’s allowance for receivables was $39,000. At 30 June 2005 t
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?A corporate taxpayer has under-reported its t
Which of the following statements relating to internal and external auditors is correct?17 A business income statement for the year ended 31 December 2004 showed a net profit of $83,600. It was laterT
A corporate taxpayer has under-reported its taxable revenue in 2002 and hence underpaid value added tax (VAT) and enterprise income tax (EIT). In 2014, the taxpayer was charged by the tax authority wi
16 Which of the following events between the balance sheet date and the date the financial statements are21 Which of the following statements about contingent assets and contingent liabilities are cor
