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 $39,000. At 30 June 2005 trade receivabl
24 What figure should appear in the consolidated balance sheet of the J group as at 31 December 2004 for minority17 A business income statement for the year ended 31 December 2004 showed a net profit
19 Which of the following statements about intangible assets in company financial statements are correct accordingA corporate taxpayer has under-reported its taxable revenue in 2002 and hence underpai
20 IAS 2 Inventories defines the extent to which overheads are included in the cost of inventories of finished goods.6 Ordan received a statement from one of its suppliers, Alta, showing a balance due
11 The following information is available for Orset, a sole trader who does not keep full accounting records:Which of the following statements relating to internal and external auditors is correct?$
I
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
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
13 Which of the following correctly describes the imprest system for operating petty cash?Hindberg is a car retailer. On 1 April 2014, Hindberg sold a car to Latterly on the following terms:A
All expe
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
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
11 The following information is available for Orset, a sole trader who does not keep full accounting records:24 What figure should appear in the consolidated balance sheet of the J group as at 31 Dece
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:
