[单选题]25 What should the minority interest figure be in the group’s consolidated balance sheet at 31 December 2005?
正确答案 ：A
$240,000
解析：20% x (400,000 + 800,000)
[单选题]The following statements have been made about life cycle costing:
正确答案 ：G
(iii) only
解析：All of the statements are false except statement (iii).
[单选题]17 A business income statement for the year ended 31 December 2004 showed a net profit of $83,600. It was later
found that $18,000 paid for the purchase of a motor van had been debited to motor expenses account. It is the
company’s policy to depreciate motor vans at 25 per cent per year, with a full year’s charge in the year of acquisition.
What would the net profit be after adjusting for this error?
正确答案 ：C
$97,100
解析：83,600 + 18,000 – 4,500 = 97,100
[单选题]18 Which of the following statements about accounting ratios and their interpretation are correct?
1 A low-geared company is more able to survive a downturn in profit than a highly-geared company.
2 If a company has a high price earnings ratio, this will often indicate that the market expects its profits to rise.
3 All companies should try to achieve a current ratio (current assets/current liabilities) of 2:1.
正确答案 ：C
1 and 2 only
[单选题]Is the following statement true or false?
正确答案 ：B
True
解析：Where there is a significant change in ownership of the company, ISA 210 Agreeing the Terms of Audit Engagements recommends that a new audit engagement letter is sent to avoid misunderstandings.
[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?
正确答案 ：B
$22,000
[单选题]The following information is available for a manufacturing company which produces multiple products:
正确答案 ：G
(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]In 2014 Mr Yuan inherited an estate of RMB2 million from his uncle who had died two months earlier.
正确答案 ：B
The estate income is not taxable
[单选题]10 What would the company’s profit become after the correction of the above errors?
正确答案 ：D
$625,240
解析：630,000 – 4,320 – 440
[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:
正确答案 ：I
(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.
查看原题
