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
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. P12 Which of the following statements are correct?Faithful representation is a fund
In 2014 Mr Yuan inherited an estate of RMB2 million from his uncle who had died two months earlier.15 Which of the following statements about intangible assets are correct?1 If certain criteria are me
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
Hindberg is a car retailer. On 1 April 2014, Hindberg sold a car to Latterly on the following terms:The following statements have been made about life cycle costing:24 What figure should appear in the
In 2014 Mr Yuan inherited an estate of RMB2 million from his uncle who had died two months earlier.13 At 1 January 2005 a company had an allowance for receivables of $18,000Hindberg is a car retailer.
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:18 How should interest ch
19 What is the company’s return on shareholders’ equity?The following information is available for a manufacturing company which produces multiple products:15/40 = 37·5%
20/100 = 20%
15/100 = 15%#
20/
24 What figure should appear in the consolidated balance sheet of the J group as at 31 December 2004 for minority19 What is the company’s return on shareholders’ equity?interest?$32,000
$16,000
$10,00
24 What figure should appear in the consolidated balance sheet of the J group as at 31 December 2004 for minority2 Which of the following are correct?interest?1. The balance sheet value of inventory s
18 How should interest charged on partners’ drawings appear in partnership financial statements?19 What is the company’s return on shareholders’ equity?17 A business income statement for the year ende
24 What figure should appear in the consolidated balance sheet of the J group as at 31 December 2004 for minorityA company predicted that the learning rate for production of a new product would be 80%
13 Which of the following correctly describes the imprest system for operating petty cash?15 Which of the following statements about intangible assets are correct?1 If certain criteria are met, resear
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
