正确答案: D

The exact amount of expenditure out of petty cash is reimbursed at intervals.

题目：13 Which of the following correctly describes the imprest system for operating petty cash?

解析：C

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举一反三的答案和解析：

[单选题]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 statements have been made:

(i) and (iv)

解析：

Statement (ii) is wrong as it reflects the common misconception that the shadow price is the maximum price which should be paid, rather than the maximum extra over the current purchase price.

Statement (iii) is wrong but could be thought to be correct if (ii) was wrongly assumed to be correct.

[单选题]The following statements have been made about life cycle costing:

(iii) only

解析：

All of the statements are false except statement (iii).

[单选题]Hindberg is a car retailer. On 1 April 2014, Hindberg sold a car to Latterly on the following terms:

$24,150

解析：

At 31 March 2015, the deferred consideration of $12,650 would need to be discounted by 10% for one year to $11,500 (effectively deferring a finance cost of $1,150). The total amount credited to profit or loss would be $24,150 (12,650 + 11,500).

[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]21 Which of the following statements about contingent assets and contingent liabilities are correct?

1 A contingent asset should be disclosed by note if an inflow of economic benefits is probable. 2 A contingent liability should be disclosed by note if it is probable that a transfer of economic benefits to settle it will be required, with no provision being made. 3 No disclosure is required for a contingent liability if it is not probable that a transfer of economic benefits to settle it will be required. 4 No disclosure is required for either a contingent liability or a contingent asset if the likelihood of a payment or receipt is remote.

1 and 4 only

[单选题]The following information is available for a manufacturing company which produces multiple products:

(i), (ii) and (iii) only

解析：

The method of apportioning general fixed costs is not required to calculate the break-even sales revenue.

[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]In 2014 Mr Yuan inherited an estate of RMB2 million from his uncle who had died two months earlier.

The estate income is not taxable