On 1 January 2015 Mango acquired amachine by way of a finance lease. The terms of the contract were as follows: USD Cash price 18,000 Deposit (6,000) ——— 12,000 Interest (9% for two years) 2,160 Balance ——— 14,160 ——— The balance is payable in two annual instalments commencing 31 December 2015.The rate of interest implicit in the contract is approximately 12%.Applying the requirements of IAS 17 Leases what is the liability that will appear in the statement of financial position of Mango as at 31 December 2015?

1 .The books of Eastham show the following: USD Operating loss 5,000 Depreciation 20,000 Interest expense 12,000 Interest paid 10,000 In the statement of cash flows, what will the net cash inflow from operating activitiesbe?

A USD 5,000 B USD 15,000 C USD 17,000 D USD 27,000

题型: 单选题 提问时间: 2021-08-24

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2 .13 Spandeau is carrying out an impairment test on an item of plant. Management has identified the following cash flows relating to the plant:(1) USD10,000 annual labour costs incurred in the operational running of the plant(2) USD200,000 planned costs to be incurred in three years’ time. It is expected that thesecosts will extend the useful life of the plant by a further five years(3) USD55,000 annual revenue based on the sale of products produced by the plant(4) USD6,000 of annual interest incurred on a bank loan that was taken out to help financethe purchase of the asset(5) USD60,000 servicing costs to be incurred in 12 months’ time. This is a planned costand will help to maintain the current estimated useful life of the assetWhich of the above costs will be used when calculating the value in use of the item ofplant?

A 1 and 3 only B 2, 4 and 5 only C 1, 3 and 5 only D 1, 2 and 4 only

题型: 单选题 提问时间: 2021-08-24

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3 .On 1 January 2013 Able purchased 75% ofthe ordinary share capital of Cain for USD920,000.On 31 December 2014 there wasunrealised profit of USD3,000, this related to goods sold by Cain to Able.During the year ended 31 December 2015,Cain had sold goods to Able for USD30,000, the goods were sold at a mark-up of 20%. At31 December 2015 80% of the goods were still held as inventory by Able.Retained earnings of the two companieson acquisition and at 31 December 2015 are as follows: Able Cain USD USD 1 January 2013 374,000 107,000 31 December 2015 427,000 151,000 What will bethe consolidated retained earnings for the Able group as at 31 December 2015? Ignoregoodwill.

A B C D

题型: 单选题 提问时间: 2021-08-24

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4 .15 Which of the following statements about an associate relationship and the use of equity accounting is true?(1) Provision of technical information by the investor to the associate may be an indication of significant influence(2) The equity method of accounting requires the investor to include a percentage of every asset and liability of the associate in the consolidated statement of financial position(3) Unrealised profits resulting from the sale of goods, at a profit, by the investor to the associate will be eliminated in full on consolidation

A 1 only B 2 only C 3 only D All three statements

题型: 单选题 提问时间: 2021-08-24

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5 .Jethro issued USD500,000 6% bonds at 95 on 1 January 2014. The bond will be repaid five years after issue at a premium of USD100,000.The effective interest rate of this instrument is 10.5%What will be the finance expense charged to profit or loss for the year ended 31 December 2015?

A USD30,000 B USD49,875 C USD51,962 D USD54,863

题型: 单选题 提问时间: 2021-08-24

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7 .商品经济是社会主义经济的（　）。

A 经济基础 B 内在属性 C 发展趋势 D 必然结果

题型: 单选题 提问时间: 2021-08-24

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8 .Which of the following properties would be treated as an investment property in accordance with IAS 40 Investment Property?(1) An office building, consisting of 100 offices, owned by an entity. The entity uses one of the offices to administer the leasing of the other 99 offices under operating leases(2) A property that is under construction for a specific client(3) A piece of land that at present is vacant and the entity is uncertain about what to do with the land(4) A hotel that is owner-managed by the entity

A 1 and 2 only B 1 and 3 only C 2 and 4 only D 3 and 4 only

题型: 单选题 提问时间: 2021-08-24

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9 .现代企业制度是与社会化大生产和现代化市场经济相适应的企业制度，形式是（　）。

A 企业法人制度 B 有限责任公司 C 现代公司制度 D 分层管理制度

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10 .The books of Quest include thefollowing figures, extracted from the financial statements for the year ended31 December 2015. Statement of profit or loss USD Gross profit 83,250 Interest expense 9,465 Tax expense 6,270 Profit for the year 17,600 Equity 127,920 Non-current liabilities 63,200 Current liabilities 57,960 What is Quest’s year-end ROCE (return on capital employed)?

A 14.2% B 17.4% C 26.1% D 43.6%

题型: 单选题 提问时间: 2021-08-24

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