- The following statements have been made about life cycle costing:18 Which of the following statements about accounting ratios and their interpretation are correct?1 A low-geared company is more able t
- A corporate taxpayer has under-reported its taxable revenue in 2002 and hence underpaid value added tax (VAT) and enterprise income tax (EIT). In 2014, the taxpayer was charged by the tax authority wi
- The following statements have been made about life cycle costing:15 Which of the following statements about intangible assets are correct?1 If certain criteria are met, research expenditure must be re
- A company predicted that the learning rate for production of a new product would be 80%. The actual learning rate was 75%. The following possible reasons were stated for this:The following statements
- Faithful representation is a fundamental characteristic of useful information within the IASB’s Conceptual framework for financial reporting.13 Which of the following correctly describes the imprest s
- The following statements have been made about life cycle costing:18 Which of the following statements about accounting ratios and their interpretation are correct?1 A low-geared company is more able t
- In 2014 Mr Yuan inherited an estate of RMB2 million from his uncle who had died two months earlier.C Co uses material B, which has a current market price of $0·80 per kg. In a linear program, where th
- 19 What is the company’s return on shareholders’ equity?15 Which of the following statements about intangible assets are correct?1 If certain criteria are met, research expenditure must be recognised
- 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 allowan
- 8 P and Q are in partnership, sharing profits in the ratio 2:1. On 1 July 2004 they admitted P’s son R as a partner. P19 At 30 June 2004 a company’s allowance for receivables was $39,000. At 30 June 2
- Faithful representation is a fundamental characteristic of useful information within the IASB’s Conceptual framework for financial reporting.18 How should interest charged on partners’ drawings appear
- Is the following statement true or false?14 Alpha buys goods from Beta. At 30 June 2005 Beta’s account in Alpha’s records showed $5,700 owing to Beta.Beta submitted a statement to Alpha as at the same
- Is the following statement true or false?17 A business income statement for the year ended 31 December 2004 showed a net profit of $83,600. It was laterfound that $18,000 paid for the purchase of a mo
- 19 What is the company’s return on shareholders’ equity?17 A business income statement for the year ended 31 December 2004 showed a net profit of $83,600. It was laterfound that $18,000 paid for the p
- A company predicted that the learning rate for production of a new product would be 80%. The actual learning rate was 75%. The following possible reasons were stated for this:18 How should interest ch
- 24 What figure should appear in the consolidated balance sheet of the J group as at 31 December 2004 for minority18 How should interest charged on partners’ drawings appear in partnership financial st
- In 2014 Mr Yuan inherited an estate of RMB2 million from his uncle who had died two months earlier.18 Which of the following statements about accounting ratios and their interpretation are correct?1 A
- 15 Which of the following statements about intangible assets are correct?13 Which of the following correctly describes the imprest system for operating petty cash?1 If certain criteria are met, resear
- 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 state
- 19 What is the company’s return on shareholders’ equity?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 shad
- 19 What is the company’s return on shareholders’ equity?Is the following statement true or false?15/40 = 37·5%
20/100 = 20%
15/100 = 15%#
20/150 = 13·3%
True#
FalseCWhere there is a significant change
- 18 Which of the following statements about accounting ratios and their interpretation are correct?15 Which of the following statements about intangible assets are correct?1 A low-geared company is mor
- 14 Alpha buys goods from Beta. At 30 June 2005 Beta’s account in Alpha’s records showed $5,700 owing to Beta.18 How should interest charged on partners’ drawings appear in partnership financial statem
- The following information is available for a manufacturing company which produces multiple products:Is the following statement true or false?(i) The product mix ratio
(ii) Contribution to sales ratio
- A corporate taxpayer has under-reported its taxable revenue in 2002 and hence underpaid value added tax (VAT) and enterprise income tax (EIT). In 2014, the taxpayer was charged by the tax authority wi
- Mr Li, a photographer, had his photos published in the July 2014 edition of the tourism journal. The total fee was RMB20,000 and the publisher agreed to pay Mr Li by two instalments, one of RMB18,000
- 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 state
- Faithful representation is a fundamental characteristic of useful information within the IASB’s Conceptual framework for financial reporting.The following information is available for a manufacturing
- 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 state
- 8 P and Q are in partnership, sharing profits in the ratio 2:1. On 1 July 2004 they admitted P’s son R as a partner. PA corporate taxpayer has under-reported its taxable revenue in 2002 and hence unde
- In 2014 Mr Yuan inherited an estate of RMB2 million from his uncle who had died two months earlier.The following information is available for a manufacturing company which produces multiple products:W
- Which of the following statements relating to internal and external auditors is correct?8 P and Q are in partnership, sharing profits in the ratio 2:1. On 1 July 2004 they admitted P’s son R as a part
- A company predicted that the learning rate for production of a new product would be 80%. The actual learning rate was 75%. The following possible reasons were stated for this:15 Which of the following
- 13 Which of the following correctly describes the imprest system for operating petty cash?Mr Li, a photographer, had his photos published in the July 2014 edition of the tourism journal. The total fee
- 18 Which of the following statements about accounting ratios and their interpretation are correct?19 At 30 June 2004 a company’s allowance for receivables was $39,000. At 30 June 2005 trade receivable
- Hindberg is a car retailer. On 1 April 2014, Hindberg sold a car to Latterly on the following terms:In 2014 Mr Yuan inherited an estate of RMB2 million from his uncle who had died two months earlier.L
- 15 Which of the following statements about intangible assets are correct?Which of the following statements relating to internal and external auditors is correct?1 If certain criteria are met, research
- The following information is available for a manufacturing company which produces multiple products:17 A business income statement for the year ended 31 December 2004 showed a net profit of $83,600. I
- Is the following statement true or false?18 How should interest charged on partners’ drawings appear in partnership financial statements?
True#
FalseAs income in the income statement
Added to net prof
- 13 Which of the following correctly describes the imprest system for operating petty cash?Hindberg is a car retailer. On 1 April 2014, Hindberg sold a car to Latterly on the following terms:A
All expe
