1. [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
2. [单选题]25 What should the minority interest figure be in the group’s consolidated balance sheet at 31 December 2005?
A. $240,000
B. $80,000
C. $180,000
D. $140,000
3. [单选题]9 Which of the following items must be disclosed in a company’s published financial statements (including notes)
if material, according to IAS1 Presentation of financial statements? 1 Finance costs. 2 Staff costs. 3 Depreciation and amortisation expense. 4 Movements on share capital.
A. 1 and 3 only
B. 1, 2 and 4 only
C. 2, 3 and 4 only
D. All four items
4. [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
5. [单选题]20 Which of the following events occurring after the balance sheet date are classified as adjusting, if material?
1 The sale of inventories valued at cost at the balance sheet date for a figure in excess of cost. 2 A valuation of land and buildings providing evidence of an impairment in value at the year end. 3 The issue of shares and loan notes. 4 The insolvency of a customer with a balance outstanding at the year end.
A. 1 and 3
B. 2 and 4
C. 2 and 3
D. 1 and 4
