[单选题]The following information is relevant for questions 9 and 10

正确答案 ：C

3 and 4 only

[单选题]24 Sigma’s bank statement shows an overdrawn balance of $38,600 at 30 June 2005. A check against the company’s cash book revealed the following differences:

1 Bank charges of $200 have not been entered in the cash book. 2 Lodgements recorded on 30 June 2005 but credited by the bank on 2 July $14,700. 3 Cheque payments entered in cash book but not presented for payment at 30 June 2005 $27,800. 4 A cheque payment to a supplier of $4,200 charged to the account in June 2005 recorded in the cash book as a receipt. Based on this information, what was the cash book balance BEFORE any adjustments?

正确答案 ：A

$43,100 overdrawn

[单选题]15 Which of the following statements about intangible assets are correct?

1 If certain criteria are met, research expenditure must be recognised as an intangible asset. 2 Goodwill may not be revalued upwards. 3 Internally generated goodwill should not be capitalised.

正确答案 ：A

2 and 3 only

[单选题]21 Which of the following items must be disclosed in a company’s published financial statements?

1 Authorised share capital 2 Movements in reserves 3 Finance costs 4 Movements in non-current assets

正确答案 ：D

All four items

[单选题]11 Which of the following statements are correct?

1 A company might make a rights issue if it wished to raise more equity capital. 2 A rights issue might increase the share premium account whereas a bonus issue is likely to reduce it. 3 A bonus issue will reduce the gearing (leverage) ratio of a company. 4 A rights issue will always increase the number of shareholders in a company whereas a bonus issue will not.

正确答案 ：A

1 and 2

[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

[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]Mr Li, a photographer, had his photos published in the July 2014 edition of the tourism journal. The total fee was RMB20,000 and the publisher agreed to pay Mr Li by two instalments, one of RMB18,000 in June 2014 and the balance of RMB2,000 in August 2014. The same photos were republished by the government in a promotion brochure in August 2014 and Mr Li was paid a further fee of RMB3,000 by the government.

正确答案 ：D

RMB2,548

解析：

20,000 x (1 – 20%) x 20% x 70% + (3,000 – 800) x 20% x 70% = RMB2,548

[单选题]22 Which of the following statements about limited liability companies’ accounting is/are correct?

1 A revaluation reserve arises when a non-current asset is sold at a profit. 2 The authorised share capital of a company is the maximum nominal value of shares and loan notes the company may issue. 3 The notes to the financial statements must contain details of all adjusting events as defined in IAS10 Events after the balance sheet date.

正确答案 ：D

None of the statements

[单选题]10 Which of the following factors would cause a company’s gearing ratio to fall?

1 A bonus issue of ordinary shares. 2 A rights issue of ordinary shares. 3 An issue of loan notes. 4 An upward revaluation of non-current assets.

正确答案 ：D

2 and 4

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