Which of the following costs should be included in the valuation of inventory of finishedgoods held by a manufacturing company, in accordance with IAS 2 “Inventories”?(1) Import duties on raw materials(2) Materials wasted in the production process that exceed normal losses(3) Finance department costs relating to the payroll for production employees.

1 .

A $6,900 overdrawn B $14,940 overdrawn C $15,900 overdrawn D $37,740 overdrawn

题型: 单选题 提问时间: 2021-08-23

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2 .

A $54,000 B $55,000 C $58,500 D $62,500

题型: 单选题 提问时间: 2021-08-23

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3 .Who is responsible for the preparation and presentation of the annual financialstatements of a limited liability company?

A Audit committee B Board of directors C Finance director D Independent auditor

题型: 单选题 提问时间: 2021-08-23

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4 .Which ONE of the following characteristics of financial information contributes to thefundamental qualitative characteristic of relevance, according to the IASB’s“Conceptual Framework for Financial Reporting”?

A Prudence B Neutrality C Materiality D Faithful representation

题型: 单选题 提问时间: 2021-08-23

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5 .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.

A 1, 2 and 4 only B 1, 3 and 4 only C 2, 3 and 4 only D All four items

题型: 单选题 提问时间: 2021-08-23

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7 .Exco sells washing machines with a mark-up of 20%. It also sells with each machine a threeyearextended warranty for $100. Exco offers a 5% discount if the customer pays in cash.If the cost of a washing machine is $1,000 how much revenue should be recognisedinitially for a cash sale in accordance with IAS 18 “Revenue” (to the nearest $)?

A $1,140 B $1,188 C $1,200 D $1,235

题型: 单选题 提问时间: 2021-08-23

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8 .Alberta has the following research and development activities in the year to 31 December2013:(1) Carried out detailed investigative work for a new manufacturing process incurringcosts of $150,000. Tests were still in progress at the end of the year.(2) Bought a patented design for a product costing $200,000.(3) Training staff to operate new machinery $100,000.(4) Development of a new brand costing $240,000.How much should Alberta recognise in its statement of financial position at 31December 2013 in accordance with IAS 38 “Intangible Assets”?

A $200,000 B $300,000 C $390,000 D $440,000

题型: 单选题 提问时间: 2021-08-23

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9 .Which of the following statements concerning consolidated financial statementsprepared in accordance with International Financial Reporting Standards are correct?(1) Only the acquisition method can be applied to a business combination(2) There are no grounds on which a subsidiary can be excluded from consolidation(3) Owning 50% of voting rights is sufficient to establish control(4) A parent company that prepares consolidated financial statements is required topresent separate financial statements.

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

题型: 单选题 提问时间: 2021-08-23

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10 .

A $75,000 B $100,000 C $200,000 D $400,000

题型: 单选题 提问时间: 2021-08-23

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