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
19 What is the company’s return on shareholders’ equity?14 Alpha buys goods from Beta. At 30 June 2005 Beta’s account in Alpha’s records showed $5,700 owing to Beta.Beta submitted a statement to Alpha
The following statements have been made about life cycle costing: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,
10 What would the company’s profit become after the correction of the above errors?14 Alpha buys goods from Beta. At 30 June 2005 Beta’s account in Alpha’s records showed $5,700 owing to Beta.Beta sub
25 What should the minority interest figure be in the group’s consolidated balance sheet at 31 December 2005?The following information is available for a manufacturing company which produces multiple
The following information is available for a manufacturing company which produces multiple products:17 A business income statement for the year ended 31 December 2004 showed a net profit of $83,600. I
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 minority15 What journal entry is required to record goods taken from inventory by the owner of
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
