In 2014 Mr Yuan inherited an estate of RMB2 million from his uncle who had died two months earlier.13 At 1 January 2005 a company had an allowance for receivables of $18,000Hindberg is a car retailer.
Hindberg is a car retailer. On 1 April 2014, Hindberg sold a car to Latterly on the following terms:The following statements have been made about life cycle costing:24 What figure should appear in the
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
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:18 How should interest ch
18 How should interest charged on partners’ drawings appear in partnership financial statements?19 What is the company’s return on shareholders’ equity?17 A business income statement for the year ende
24 What figure should appear in the consolidated balance sheet of the J group as at 31 December 2004 for minorityA company predicted that the learning rate for production of a new product would be 80%
24 What figure should appear in the consolidated balance sheet of the J group as at 31 December 2004 for minority25 What should the minority interest figure be in the group’s consolidated balance shee
16 Which of the following statements about accounting concepts and conventions are correct?21 Which of the following statements about contingent assets and contingent liabilities are correct?15 Which
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
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. P25 What s
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
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?Mr Li, a photographer, had his photos published in the July
14 Alpha buys goods from Beta. At 30 June 2005 Beta’s account in Alpha’s records showed $5,700 owing to Beta.25 What should the minority interest figure be in the group’s consolidated balance sheet at
