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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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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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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
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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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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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25 What should the minority interest figure be in the group’s consolidated balance sheet at 31 December 2005?The following information is available for a manufacturing company which produces multiple
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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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Is the following statement true or false?Which of the following statements relating to internal and external auditors is correct?
True#
FalseInternal auditors are required to be members of a professio
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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 later24 What figure should appear in the consolidated balance sheet of the J group as at 31 De
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24 What figure should appear in the consolidated balance sheet of the J group as at 31 December 2004 for minorityC Co uses material B, which has a current market price of $0·80 per kg. In a linear pro
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The following statements have been made about life cycle costing:24 What figure should appear in the consolidated balance sheet of the J group as at 31 December 2004 for minorityinterest?(i) It focuse
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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 laterHindberg is a car retailer. On 1 April 2014, Hindberg sold a car to Latterly on the follo
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10 What would the company’s profit become after the correction of the above errors?14 Alpha buys goods from Beta. At 30 June 2005 Beta’s account in Alpha’s records showed $5,700 owing to Beta.Beta sub
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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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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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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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15 Which of the following statements about intangible assets are correct?Hindberg is a car retailer. On 1 April 2014, Hindberg sold a car to Latterly on the following terms:1 If certain criteria are m
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19 What is the company’s return on shareholders’ equity?A corporate taxpayer has under-reported its taxable revenue in 2002 and hence underpaid value added tax (VAT) and enterprise income tax (EIT). 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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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
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In 2014 Mr Yuan inherited an estate of RMB2 million from his uncle who had died two months earlier.10 What would the company’s profit become after the correction of the above errors?What is the correc
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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
-
The following statements have been made about life cycle costing:24 What figure should appear in the consolidated balance sheet of the J group as at 31 December 2004 for minorityinterest?(i) It focuse
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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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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:25 What should the minori
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In 2014 Mr Yuan inherited an estate of RMB2 million from his uncle who had died two months earlier.10 What would the company’s profit become after the correction of the above errors?What is the correc
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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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Faithful representation is a fundamental characteristic of useful information within the IASB’s Conceptual framework for financial reporting.10 What would the company’s profit become after the correct
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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
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Faithful representation is a fundamental characteristic of useful information within the IASB’s Conceptual framework for financial reporting.8 P and Q are in partnership, sharing profits in the ratio
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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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10 What would the company’s profit become after the correction of the above errors?17 A business income statement for the year ended 31 December 2004 showed a net profit of $83,600. It was laterfound
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The following statements have been made about life cycle costing: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,
-
In 2014 Mr Yuan inherited an estate of RMB2 million from his uncle who had died two months earlier.The following statements have been made about life cycle costing:What is the correct treatment of the
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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:In 2014 Mr Yuan inherited
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13 Which of the following correctly describes the imprest system for operating petty cash?15 Which of the following statements about intangible assets are correct?1 If certain criteria are met, resear
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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:Mr Li, a photographer, ha
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18 Which of the following statements about accounting ratios and their interpretation are correct?A corporate taxpayer has under-reported its taxable revenue in 2002 and hence underpaid value added ta
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Which of the following statements relating to internal and external auditors is correct?24 What figure should appear in the consolidated balance sheet of the J group as at 31 December 2004 for minorit
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In 2014 Mr Yuan inherited an estate of RMB2 million from his uncle who had died two months earlier.15 Which of the following statements about intangible assets are correct?1 If certain criteria are me
