18 How should interest charged on partners’ drawings appear in partnership financial statements?Hindberg is a car retailer. On 1 April 2014, Hindberg sold a car to Latterly on the following terms:18 W
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
The following information is available for a manufacturing company which produces multiple products:18 How should interest charged on partners’ drawings appear in partnership financial statements?25 W
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
24 What figure should appear in the consolidated balance sheet of the J group as at 31 December 2004 for minority15 Which of the following statements about intangible assets are correct?Hindberg is a
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
The following statements have been made about life cycle costing:13 At 1 January 2005 a company had an allowance for receivables of $18,00024 Sigma’s bank statement shows an overdrawn balance of $38,6
18 Which of the following statements about accounting ratios and their interpretation are correct?18 How should interest charged on partners’ drawings appear in partnership financial statements?25 Wha
Is the following statement true or false?15 Which of the following statements about intangible assets are correct?14 Alpha buys goods from Beta. At 30 June 2005 Beta’s account in Alpha’s records showe
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
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
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
