19 What is the company’s return on shareholders’ equity?21 Which of the following items must be disclosed in a company’s published financial statements?16 Which of the following events between the bal
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 How should interest charged on partners’ drawings appear in partnership financial statements?14 Alpha buys goods from Beta. At 30 June 2005 Beta’s account in Alpha’s records showed $5,700 owing to
15 Which of the following statements about intangible assets are correct?Is the following statement true or false?10 What would the company’s profit become after the correction of the above errors?19
25 What should the minority interest figure be in the group’s consolidated balance sheet at 31 December 2005?15 Which of the following statements about intangible assets are correct?Faithful represent
24 What figure should appear in the consolidated balance sheet of the J group as at 31 December 2004 for minorityA corporate taxpayer has under-reported its taxable revenue in 2002 and hence underpaid
Hindberg is a car retailer. On 1 April 2014, Hindberg sold a car to Latterly on the following terms:17 A business income statement for the year ended 31 December 2004 showed a net profit of $83,600. I
17 A company sublets part of its office accommodation. In the year ended 30 June 2005 cash received from tenants9 Which of the following items must be disclosed in a company’s published financial stat
19 What is the company’s return on shareholders’ equity?25 What should the minority interest figure be in the group’s consolidated balance sheet at 31 December 2005?In 2014 Mr Yuan inherited an estate
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, the shadow price of material B is $2 per kg. The following state
