[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]13 At 1 January 2005 a company had an allowance for receivables of $18,000
正确答案 :B
$31,500
解析:430,000 x 5% = 21,500 – 18,000 + 28,000
[单选题]17 A business income statement for the year ended 31 December 2004 showed a net profit of $83,600. It was later
found that $18,000 paid for the purchase of a motor van had been debited to motor expenses account. It is the
company’s policy to depreciate motor vans at 25 per cent per year, with a full year’s charge in the year of acquisition.
What would the net profit be after adjusting for this error?
正确答案 :C
$97,100
解析:83,600 + 18,000 – 4,500 = 97,100
[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]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
[单选题]19 Which of the following statements about intangible assets in company financial statements are correct according
to international accounting standards?
1 Internally generated goodwill should not be capitalised.
2 Purchased goodwill should normally be amortised through the income statement.
3 Development expenditure must be capitalised if certain conditions are met.
正确答案 :A
1 and 3 only
[单选题]Faithful representation is a fundamental characteristic of useful information within the IASB’s Conceptual framework for financial reporting.
正确答案 :E
Allocating part of the sales proceeds of a motor vehicle to interest received even though it was sold with 0% (interest free) finance
解析:The substance is that there is no ‘free’ finance; its cost, as such, is built into the selling price.
[单选题]22 Which of the following items may appear in a company’s statement of changes in equity, according to IAS 1 Presentation of financial statements?
1 Unrealised revaluation gains.
2 Dividends paid.
3 Proceeds of equity share issue.
4 Profit for the period.
正确答案 :C
All four items
[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]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 statements have been made:
正确答案 :I
(i) and (iv)
解析:Statement (ii) is wrong as it reflects the common misconception that the shadow price is the maximum price which should be paid, rather than the maximum extra over the current purchase price.
Statement (iii) is wrong but could be thought to be correct if (ii) was wrongly assumed to be correct.
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