1. [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
2. [单选题]The following information is available for a manufacturing company which produces multiple products:
A. (i) The product mix ratio
B. (ii) Contribution to sales ratio for each product
C. (iii) General fixed costs
D. (iv) Method of apportioning general fixed costs
E. Which of the above are required in order to calculate the break-even sales revenue for the company?
F. All of the above
G. (i), (ii) and (iii) only
H. (i), (iii) and (iv) only
I. (ii) and (iii) only
3. [单选题]13 At 1 January 2005 a company had an allowance for receivables of $18,000
A. $49,500
B. $31,500
C. $32,900
D. $50,900
4. [单选题]20 IAS 2 Inventories defines the extent to which overheads are included in the cost of inventories of finished goods.
Which of the following statements about the IAS 2 requirements in this area are correct? 1 Finished goods inventories may be valued on the basis of labour and materials cost only, without including overheads. 2 Carriage inwards, but not carriage outwards, should be included in overheads when valuing inventories of finished goods. 3 Factory management costs should be included in fixed overheads allocated to inventories of finished goods.
A. All three statements are correct
B. 1 and 2 only
C. 1 and 3 only
D. 2 and 3 only
5. [单选题]10 Which of the following costs should be included in valuing inventories of finished goods held by a manufacturing
company, according to IAS2 Inventories? 1 Carriage inwards. 2 Carriage outwards. 3 Depreciation of factory plant. 4 Accounts department costs relating to wages for production employees.
A. All four items
B. 2 and 3 only
C. 1, 3 and 4 only
D. 1 and 4 only
