正确答案: B

The estate income is not taxable

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

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举一反三的答案和解析：

[单选题]2 Which of the following are correct?

1. The balance sheet value of inventory should be as close as possible to net realisable value. 2. The valuation of finished goods inventory must include production overheads. 3. Production overheads included in valuing inventory should be calculated by reference to the company’s normal level of production during the period. 4. In assessing net realisable value, inventory items must be considered separately, or in groups of similar items, not by taking the inventory value as a whole.

2, 3 and 4

[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]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.

1 and 2 only