Faithful representation is a fundamental characteristic of u

【名词&注释】

正确答案:E。A.Which of the following accounting treatments correctly applies the principle of faithful representation? B.Reporting a transaction based on its legal status rather than its economic substance C.Excluding a subsidiary from consolidation because its activities are not compatible with those of the rest of the group D.Recording the whole of the net proceeds from the issue of a loan note which is potentially convertible to equity shares as debt (liability) E.Allocating part of the sales proceeds of a motor vehicle to interest received even though it was sold with 0% (interest free) finance 更多ACCA/CAT的考试资料下载及答案解析请访问不凡考网财会类考试考试频道。

[单选题]Faithful representation is a fundamental characteristic of useful information within the IASB’s Conceptual framework for financial reporting.

A. Which of the following accounting treatments correctly applies the principle of faithful representation?
B. Reporting a transaction based on its legal status rather than its economic substance
C. Excluding a subsidiary from consolidation because its activities are not compatible with those of the rest of the group
D. Recording the whole of the net proceeds from the issue of a loan note which is potentially convertible to equity shares as debt (liability)
E. Allocating part of the sales proceeds of a motor vehicle to interest received even though it was sold with 0% (interest free) finance

查看答案&解析 点击获取本科目所有试题

举一反三：

[单选题]The following information is relevant for questions 9 and 10

A. company’s draft financial statements for 2005 showed a profit of $630,000. However, the trial balance did not agree,
B. All four items
C. 3 and 4 only
D. 2 and 3 only
E. 1, 2 and 4 only

[单选题]24 What figure should appear in the consolidated balance sheet of the J group as at 31 December 2004 for minority

interest?

A. $32,000
B. $16,000
C. $10,000
D. $24,000

[单选题]22 Which of the following statements about limited liability companies’ accounting is/are correct?

1 A revaluation reserve arises when a non-current asset is sold at a profit. 2 The authorised share capital of a company is the maximum nominal value of shares and loan notes the company may issue. 3 The notes to the financial statements must contain details of all adjusting events as defined in IAS10 Events after the balance sheet date.

A. All three statements
B. 1 and 2 only
C. 2 and 3 only
D. None of the statements

[单选题]17 A company sublets part of its office accommodation. In the year ended 30 June 2005 cash received from tenants

was $83,700. Details of rent in arrears and in advance at the beginning and end of the year were: In arrears In advance $ $ 30 June 2004 3,800 2,400 30 June 2005 4,700 3,000

A. $84,000
B. $83,400
C. $80,600
D. $85,800

[单选题]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 allowance for receivables to the equivalent of 5 per cent of the trade receivables based on past events.

What figure should appear in the income statement for these items?

A. $61,000
B. $22,000
C. $24,000
D. $23,850

本文链接：https://www.zhukaozhuanjia.com/download/0r3gr3.html