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
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
18 Which of the following statements about accounting ratios and their interpretation are correct?8 P and Q are in partnership, sharing profits in the ratio 2:1. On 1 July 2004 they admitted P’s son R
14 Alpha buys goods from Beta. At 30 June 2005 Beta’s account in Alpha’s records showed $5,700 owing to Beta.8 P and Q are in partnership, sharing profits in the ratio 2:1. On 1 July 2004 they admitte
14 Alpha buys goods from Beta. At 30 June 2005 Beta’s account in Alpha’s records showed $5,700 owing to Beta.10 Which of the following costs should be included in valuing inventories of finished goods
19 What is the company’s return on shareholders’ equity?A company predicted that the learning rate for production of a new product would be 80%. The actual learning rate was 75%. The following possibl
13 Which of the following correctly describes the imprest system for operating petty cash?Faithful representation is a fundamental characteristic of useful information within the IASB’s Conceptual fra
25 What should the minority interest figure be in the group’s consolidated balance sheet at 31 December 2005?13 Which of the following correctly describes the imprest system for operating petty cash?2
