正确答案: E

Allocating part of the sales proceeds of a motor vehicle to interest received even though it was sold with 0% (interest free) finance

题目：Faithful representation is a fundamental characteristic of useful information within the IASB’s Conceptual framework for financial reporting.

解析：

The substance is that there is no ‘free’ finance; its cost, as such, is built into the selling price.

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举一反三的答案和解析：

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

3 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?

$24,000

解析：20% x 120,000

[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.

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

$84,000

[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?

$22,000