A listed company makes a rights issue.Which of the following rankings of prices is most valid? (Note: the symbol “<” below means “is less than”)

1 .On comparing the components of net assets of Deep on 31 December 20X2 and 31 December 20X1 the following movements were noted.(1) A decrease in the warranty provision of USD12,000 due to a change in estimate.(2) An increase in tangible non-current assets of USD98,000 due to a revaluation in the year.Which of the above items should be included in the notes to the cash flow statement of Deep as part of the reconciliation of operating profit to net cash flow from operating activities?

A Neither 1 nor 2 B 1 only C 2 only D Both 1 and 2

题型: 单选题 提问时间: 2021-08-24

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2 .A company incurs expenditure on development during the year which is capitalised.How would this expenditure be shown in the statement of cash flows?

A As an operating cash flow B As an investing cash flow C As an item in the reconciliation of operating profit and net cash inflow from operating activities D It will not appear at all

题型: 单选题 提问时间: 2021-08-24

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3 .The following items have been extracted from the statement of cash flows of Gresham for the year ended 31 December 20X1.　USDDepreciation 30,000Profit on sale of non-current assets 5,000Proceeds from sale of non-current assets 20,000Purchase of non-current assets 25,000If the carrying amount of non-current assets was USD110,000 on 31 December 20X0, what was it on 31 December 20X1?

A USD70,000 B USD80,000 C USD85,000 D USD90,000

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4 .Waterloo acquired a building by issuing USD400,000 8% loan notes at par. The market rate of interest at the time of the issue was also 8%.How should the acquisition be presented in the statement of cash flows for the period?

A Investing activities:USD(400,000); Financing activities:USD400,000 B Investing activities:USD(400,000); Financing activities:Nil C Investing activities:Nil; Financing activities:USD400,000 D Investing activities:Nil; Financing activities:Nil

题型: 单选题 提问时间: 2021-08-24

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5 .At 1 October 20X0, BK had an accrued interest payable balance of USD12,000 in its statement of financial position. During the year ended 30 September 20X1, BK charged interest payable of USD41,000 to its statement of profit or loss. Accrued interest payable at 30 September20X1 was USD15,000.Included in the interest charged to profit or loss for the year was an unwinding of the discount on a decommissioning provision of USD5,000 and finance lease interest of USD3,000. The finance lease is paid in cash annually in arrears.What is the cash flow in respect of interest paid that will appear in BK’s statement of cash flows for the year ended 30 September 20X1?

A USD30,000 B USD33,000 C USD36,000 D USD38,000

题型: 单选题 提问时间: 2021-08-24

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7 .A company currently has 10 million USD1 shares in issue with a market value of USD3 per share.The company wishes to raise new funds using a 1-for-4 rights issue. The theoretical ex rights price per share is USD2·80.How much new finance was raised by the rights issue?

A USD2,500,000 B USD4,000,000 C USD5,000,000 D USD7,000,000

题型: 单选题 提问时间: 2021-08-24

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8 .A company makes a 2-for-3 rights issue at an issue price of USD2. The cum-rights price is USD4.What is the theoretical ex rights price?

A USD2·50 B USD2·80 C USD3·00 D USD3·20

题型: 单选题 提问时间: 2021-08-24

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9 .Chartwell has in issue USD120,000 Ordinary shares of 50 cents each and 10,000 6% Preference shares of USD3 each.Extracts from the financial statements for the year to 31 March 20X3 are shown below:　USDProfit before interest and tax 528,934Interest paid 6,578Preference dividend 1,800Taxation 125,860Ordinary dividend 10,800What figure should be reported as basic earnings per share as defined in IAS 33 Earnings per Share?

A 159.9 cents B 164.4 cents C 319.9 cents D 328.9 cents

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10 .In the year to 30 September 20X3, Wexam reported a retained profit of USD4·8m after paying preference dividends of USD200,000 and dividends of USD800,000 to the holders of the ordinary shares in issue at the year end. On 1 October 20X2 Wexham had three million shares in issue. On 1 April 20X3 the company had made a bonus issue of one share for every three held.What figure should be reported as basic earnings per share as defined in IAS 33 Earnings per Share?

A 120 cents B 140 cents C 145 cents D 160 cents

题型: 单选题 提问时间: 2021-08-24

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