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18 Which of the following statements about accounting ratios and their interpretation are correct?13 Which of the following correctly describes the imprest system for operating petty cash?1 A low-gear
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Which of the following statements relating to internal and external auditors is correct?18 How should interest charged on partners’ drawings appear in partnership financial statements?Internal auditor
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24 What figure should appear in the consolidated balance sheet of the J group as at 31 December 2004 for minority17 A business income statement for the year ended 31 December 2004 showed a net profit
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15 Which of the following statements about intangible assets are correct?A company predicted that the learning rate for production of a new product would be 80%. The actual learning rate was 75%. 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:10 What would the company
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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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Faithful representation is a fundamental characteristic of useful information within the IASB’s Conceptual framework for financial reporting.Mr Li, a photographer, had his photos published in the July
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18 How should interest charged on partners’ drawings appear in partnership financial statements?The following information is available for a manufacturing company which produces multiple products:As i
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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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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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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: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
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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
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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
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18 Which of the following statements about accounting ratios and their interpretation are correct?17 A business income statement for the year ended 31 December 2004 showed a net profit of $83,600. It
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Is the following statement true or false?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 to
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18 How should interest charged on partners’ drawings appear in partnership financial statements?Mr Li, a photographer, had his photos published in the July 2014 edition of the tourism journal. The tot
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15 Which of the following statements about intangible assets are correct?19 At 30 June 2004 a company’s allowance for receivables was $39,000. At 30 June 2005 trade receivables totalled $517,000. It w
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13 Which of the following correctly describes the imprest system for operating petty cash?The following information is available for a manufacturing company which produces multiple products:A
All expe
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13 Which of the following correctly describes the imprest system for operating petty cash?The following information is available for a manufacturing company which produces multiple products:A
All expe
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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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The following information is available for a manufacturing company which produces multiple products:25 What should the minority interest figure be in the group’s consolidated balance sheet at 31 Decem
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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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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 At 30 June 2004 a comp
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18 How should interest charged on partners’ drawings appear in partnership financial statements?18 Which of the following statements about accounting ratios and their interpretation are correct?1 A lo
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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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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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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
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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 laterC Co uses material B, which has a current market price of $0·80 per kg. In a linear progr
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Faithful representation is a fundamental characteristic of useful information within the IASB’s Conceptual framework for financial reporting.Is the following statement true or false?Which of the follo
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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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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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Faithful representation is a fundamental characteristic of useful information within the IASB’s Conceptual framework for financial reporting.C Co uses material B, which has a current market price of $
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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 laterA company predicted that the learning rate for production of a new product would be 80%.
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In 2014 Mr Yuan inherited an estate of RMB2 million from his uncle who had died two months earlier.19 At 30 June 2004 a company’s allowance for receivables was $39,000. At 30 June 2005 trade receivabl
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15 Which of the following statements about intangible assets are correct?18 How should interest charged on partners’ drawings appear in partnership financial statements?1 If certain criteria are met,
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Is the following statement true or false?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 mat
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Is the following statement true or false?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 mat
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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
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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
