- 17 A business income statement for the year ended 31 December 2004 showed a net profit of $83,600. It was later10 What would the company’s profit become after the correction of the above errors?found
- 15 Which of the following statements about intangible assets are correct?10 What would the company’s profit become after the correction of the above errors?1 If certain criteria are met, research expe
- 17 A business income statement for the year ended 31 December 2004 showed a net profit of $83,600. It was later10 What would the company’s profit become after the correction of the above errors?found
- 19 What is the company’s return on shareholders’ equity?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
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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
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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
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17 A business income statement for the year ended 31 December 2004 showed a net profit of $83,600. It was later15 Which of the following statements about intangible assets are correct?found that $18,0
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14 Alpha buys goods from Beta. At 30 June 2005 Beta’s account in Alpha’s records showed $5,700 owing to Beta.In 2014 Mr Yuan inherited an estate of RMB2 million from his uncle who had died two months
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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
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25 What should the minority interest figure be in the group’s consolidated balance sheet at 31 December 2005?Faithful representation is a fundamental characteristic of useful information within the IA
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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
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In 2014 Mr Yuan inherited an estate of RMB2 million from his uncle who had died two months earlier.A corporate taxpayer has under-reported its taxable revenue in 2002 and hence underpaid value added t
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25 What should the minority interest figure be in the group’s consolidated balance sheet at 31 December 2005?19 What is the company’s return on shareholders’ equity?$240,000#
$80,000
$180,000
$140,000
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24 What figure should appear in the consolidated balance sheet of the J group as at 31 December 2004 for minority8 P and Q are in partnership, sharing profits in the ratio 2:1. On 1 July 2004 they adm
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14 Alpha buys goods from Beta. At 30 June 2005 Beta’s account in Alpha’s records showed $5,700 owing to Beta.Faithful representation is a fundamental characteristic of useful information within the IA
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19 What is the company’s return on shareholders’ equity?The following information is available for a manufacturing company which produces multiple products:15/40 = 37·5%
20/100 = 20%
15/100 = 15%#
20/
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24 What figure should appear in the consolidated balance sheet of the J group as at 31 December 2004 for minority8 P and Q are in partnership, sharing profits in the ratio 2:1. On 1 July 2004 they adm
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18 Which of the following statements about accounting ratios and their interpretation are correct?Faithful representation is a fundamental characteristic of useful information within the IASB’s Concep
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The following information is available for a manufacturing company which produces multiple products:19 At 30 June 2004 a company’s allowance for receivables was $39,000. At 30 June 2005 trade receivab
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Faithful representation is a fundamental characteristic of useful information within the IASB’s Conceptual framework for financial reporting.18 Which of the following statements about accounting ratio
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In 2014 Mr Yuan inherited an estate of RMB2 million from his uncle who had died two months earlier.19 What is the company’s return on shareholders’ equity?What is the correct treatment of the estate i
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Faithful representation is a fundamental characteristic of useful information within the IASB’s Conceptual framework for financial reporting.In 2014 Mr Yuan inherited an estate of RMB2 million from hi
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Faithful representation is a fundamental characteristic of useful information within the IASB’s Conceptual framework for financial reporting.25 What should the minority interest figure be in the group
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Is the following statement true or false?15 Which of the following statements about intangible assets are correct?1 If certain criteria are met, research expenditure must be recognised as an intangibl
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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
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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
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The following information is available for a manufacturing company which produces multiple products:Which of the following statements relating to internal and external auditors is correct?(i) The prod
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Which of the following statements relating to internal and external auditors is correct?A corporate taxpayer has under-reported its taxable revenue in 2002 and hence underpaid value added tax (VAT) an
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18 How should interest charged on partners’ drawings appear in partnership financial statements?Faithful representation is a fundamental characteristic of useful information within the IASB’s Conceptu
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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
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Which of the following statements relating to internal and external auditors is correct?A company predicted that the learning rate for production of a new product would be 80%. The actual learning rat
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The following statements have been made about life cycle costing:18 How should interest charged on partners’ drawings appear in partnership financial statements?(i) It focuses on the short-term by ide
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25 What should the minority interest figure be in the group’s consolidated balance sheet at 31 December 2005?Mr Li, a photographer, had his photos published in the July 2014 edition of the tourism jou
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17 A business income statement for the year ended 31 December 2004 showed a net profit of $83,600. It was laterWhich of the following statements relating to internal and external auditors is correct?f
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25 What should the minority interest figure be in the group’s consolidated balance sheet at 31 December 2005?In 2014 Mr Yuan inherited an estate of RMB2 million from his uncle who had died two months
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Hindberg is a car retailer. On 1 April 2014, Hindberg sold a car to Latterly on the following terms:Faithful representation is a fundamental characteristic of useful information within the IASB’s Conc
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13 Which of the following correctly describes the imprest system for operating petty cash?14 Alpha buys goods from Beta. At 30 June 2005 Beta’s account in Alpha’s records showed $5,700 owing to Beta.B
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24 What figure should appear in the consolidated balance sheet of the J group as at 31 December 2004 for minorityWhich of the following statements relating to internal and external auditors is correct
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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
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In 2014 Mr Yuan inherited an estate of RMB2 million from his uncle who had died two months earlier.Faithful representation is a fundamental characteristic of useful information within the IASB’s Conce
