• [单选题]The following statements have been made about life cycle costing:
  • 正确答案 :G
  • (iii) only

  • 解析:

    All of the statements are false except statement (iii).


  • [单选题]In 2014 Mr Yuan inherited an estate of RMB2 million from his uncle who had died two months earlier.
  • 正确答案 :B
  • The estate income is not taxable


  • [单选题]10 What would the company’s profit become after the correction of the above errors?
  • 正确答案 :D
  • $625,240

  • 解析:630,000 – 4,320 – 440

  • [单选题]18 How should interest charged on partners’ drawings appear in partnership financial statements?
  • 正确答案 :B
  • Added to net profit and charged to partners in the division of profit


  • [单选题]24 What figure should appear in the consolidated balance sheet of the J group as at 31 December 2004 for minority
  • interest?

  • 正确答案 :D
  • $24,000

  • 解析:20% x 120,000

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