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24 What figure should appear in the consolidated balance sheet of the J group as at 31 December 2004 for minorityThe following statements have been made about life cycle costing:interest?$32,000
$16,0
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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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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
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Faithful representation is a fundamental characteristic of useful information within the IASB’s Conceptual framework for financial reporting.A corporate taxpayer has under-reported its taxable revenue
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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.C Co uses material B, which has a current market price of $0·80 per kg. In a linear program
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15 Which of the following statements about intangible assets are correct?Faithful representation is a fundamental characteristic of useful information within the IASB’s Conceptual framework for financ
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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
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In 2014 Mr Yuan inherited an estate of RMB2 million from his uncle who had died two months earlier.18 How should interest charged on partners’ drawings appear in partnership financial statements?What
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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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The following statements have been made about life cycle costing:In 2014 Mr Yuan inherited an estate of RMB2 million from his uncle who had died two months earlier.(i) It focuses on the short-term by
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In 2014 Mr Yuan inherited an estate of RMB2 million from his uncle who had died two months earlier.Which of the following statements relating to internal and external auditors is correct?What is the c
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25 What should the minority interest figure be in the group’s consolidated balance sheet at 31 December 2005?14 Alpha buys goods from Beta. At 30 June 2005 Beta’s account in Alpha’s records showed $5,
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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
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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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The following information is available for a manufacturing company which produces multiple products:8 P and Q are in partnership, sharing profits in the ratio 2:1. On 1 July 2004 they admitted P’s son
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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. PC Co uses material B, which has a current market price of $0·80 per kg. In a linea
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Is the following statement true or false?Hindberg is a car retailer. On 1 April 2014, Hindberg sold a car to Latterly on the following terms:
True#
FalseLatterly paid $12,650 (half of the cost) on 1 A
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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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13 Which of the following correctly describes the imprest system for operating petty cash?A corporate taxpayer has under-reported its taxable revenue in 2002 and hence underpaid value added tax (VAT)
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Is the following statement true or false?24 What figure should appear in the consolidated balance sheet of the J group as at 31 December 2004 for minorityinterest?
True#
False$32,000
$16,000
$10,000
$
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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.Hindberg is a car retailer. On 1 April 2014, Hindberg sold a car to Latterly on the followi
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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:19 What is the company’s
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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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10 What would the company’s profit become after the correction of the above errors?19 What is the company’s return on shareholders’ equity?$634,760
$624,760
$624,440
$625,240#15/40 = 37·5%
20/100 = 20
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Which of the following statements relating to internal and external auditors is correct?19 At 30 June 2004 a company’s allowance for receivables was $39,000. At 30 June 2005 trade receivables totalled
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24 What figure should appear in the consolidated balance sheet of the J group as at 31 December 2004 for minority25 What should the minority interest figure be in the group’s consolidated balance shee
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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. PMr Li, a photographer, had his photos published in the July 2014 edition of the to
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Hindberg is a car retailer. On 1 April 2014, Hindberg sold a car to Latterly on the following terms:The following information is available for a manufacturing company which produces multiple products:
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Is the following statement true or false?Faithful representation is a fundamental characteristic of useful information within the IASB’s Conceptual framework for financial reporting.
True#
FalseWhich
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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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17 A business income statement for the year ended 31 December 2004 showed a net profit of $83,600. It was later25 What should the minority interest figure be in the group’s consolidated balance sheet
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The following statements have been made about life cycle costing: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. Pguaranteed that R
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Which of the following statements relating to internal and external auditors is correct?Is the following statement true or false?Internal auditors are required to be members of a professional body
Int
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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. P15 Which of the following statements about intangible assets are correct?guarantee
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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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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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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
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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
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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.A company predicted that the learning rate for production of a new product would be 80%. Th
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Faithful representation is a fundamental characteristic of useful information within the IASB’s Conceptual framework for financial reporting.19 At 30 June 2004 a company’s allowance for receivables wa
