18 Which of the following statements about accounting ratios and their interpretation are correct?A company predicted that the learning rate for production of a new product would be 80%. The actual le
In 2014 Mr Yuan inherited an estate of RMB2 million from his uncle who had died two months earlier.Is the following statement true or false?A company predicted that the learning rate for production of
The following statements have been made about life cycle costing:A corporate taxpayer has under-reported its taxable revenue in 2002 and hence underpaid value added tax (VAT) and enterprise income tax
In 2014 Mr Yuan inherited an estate of RMB2 million from his uncle who had died two months earlier.A company predicted that the learning rate for production of a new product would be 80%. The actual l
The following statements have been made about life cycle costing:25 What should the minority interest figure be in the group’s consolidated balance sheet at 31 December 2005?24 What figure should appe
25 What should the minority interest figure be in the group’s consolidated balance sheet at 31 December 2005?19 Which of the following statements about intangible assets in company financial statement
Which of the following statements relating to internal and external auditors is correct?14 Alpha buys goods from Beta. At 30 June 2005 Beta’s account in Alpha’s records showed $5,700 owing to Beta.19
19 What is the company’s return on shareholders’ equity?Faithful representation is a fundamental characteristic of useful information within the IASB’s Conceptual framework for financial reporting.18
13 Which of the following correctly describes the imprest system for operating petty cash?In 2014 Mr Yuan inherited an estate of RMB2 million from his uncle who had died two months earlier.19 What is
17 A business income statement for the year ended 31 December 2004 showed a net profit of $83,600. It was laterIn 2014 Mr Yuan inherited an estate of RMB2 million from his uncle who had died two month
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
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
19 What is the company’s return on shareholders’ equity?6 Ordan received a statement from one of its suppliers, Alta, showing a balance due of $3,980. The amount dueaccording to the payables ledger ac
