• [单选题]Is the following statement true or false?
  • 正确答案 :B
  • True

  • 解析:

    Where there is a significant change in ownership of the company, ISA 210 Agreeing the Terms of Audit Engagements recommends that a new audit engagement letter is sent to avoid misunderstandings.


  • [单选题]Hindberg is a car retailer. On 1 April 2014, Hindberg sold a car to Latterly on the following terms:
  • 正确答案 :F
  • $24,150

  • 解析:

    At 31 March 2015, the deferred consideration of $12,650 would need to be discounted by 10% for one year to $11,500 (effectively deferring a finance cost of $1,150). The total amount credited to profit or loss would be $24,150 (12,650 + 11,500).


  • [单选题]19 What is the company’s return on shareholders’ equity?
  • 正确答案 :C
  • 15/100 = 15%


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