In 2014 Mr Yuan inherited an estate of RMB2 million from his uncle who had died two months earlier.8 P and Q are in partnership, sharing profits in the ratio 2:1. On 1 July 2004 they admitted P’s son
10 What would the company’s profit become after the correction of the above errors?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.
11 Which of the following statements are correct?15 What journal entry is required to record goods taken from inventory by the owner of a business?Which of the following statements relating to interna
Faithful representation is a fundamental characteristic of useful information within the IASB’s Conceptual framework for financial reporting.14 Alpha buys goods from Beta. At 30 June 2005 Beta’s accou
10 What would the company’s profit become after the correction of the above errors?C Co uses material B, which has a current market price of $0·80 per kg. In a linear program, where the objective is t
15 Which of the following statements about intangible assets are correct?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. PFaithful
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
In 2014 Mr Yuan inherited an estate of RMB2 million from his uncle who had died two months earlier.The following information is available for a manufacturing company which produces multiple products:8
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
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
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
13 Which of the following correctly describes the imprest system for operating petty cash?Which of the following statements relating to internal and external auditors is correct?19 At 30 June 2004 a c
