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 rights issue will always increase the number of shareholders in a company whereas a bonus issue will not.

1 .Which two of the following events after the reporting period would normally qualify as adjusting events according to IAS 10 “Events After the Reporting Period Date”? (1)　　　The bankruptcy of a credit customer with a balance outstanding at the end of the reporting period.(2)　　　A decline in the market value of investments.(3)　　　The declaration of an ordinary dividend.(4)　　　The determination of the cost of assets purchased before the end of the reporting period.

A (1) and (2) B (1) and (4) C (2) and (3) D (3) and (4)

题型: 单选题 提问时间: 2021-08-22

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2 .Which of the following items could appear in a company’s statement of cash flows? (1)　　　Proposed dividends(2)　　　Rights issue of shares(3)　　　Bonus issue of shares(4)　　　Repayment of loan

A (1) and (3) B (1) and (4) C (2) and (3) D (2) and (4)

题型: 单选题 提问时间: 2021-08-22

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3 .A company sold a building at a profit.How should this transaction be treated in the company’s statement of cash flows? 　　　　　　Proceeds of sale 　　　　　　　　Profit on sale

A B C D

题型: 单选题 提问时间: 2021-08-22

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5 .A business purchased a motor car on 1 July 2011 for USD20,000. It is to be depreciated at 20%per year on the straight line basis, assuming a residual value at the end of five years of USD4,000, with a proportionate depreciation charge in the year of purchase.The USD20,000 cost was correctly entered in the cash book but posted to the debit of the motor vehicles repairs account.How will the business profit for the year ended 31 December 2011 be affected by the error?

A Understated by USD18,400 B Understated by USD16,800 C Understated by USD18,000 D Overstated by USD18,400

题型: 单选题 提问时间: 2021-08-22

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6 .A company’s trial balance failed to agree, the totals being:Debit USD815,602Credit USD808,420Which one of the following errors could fully account for the difference?

A The omission from the trial balance of the balance on the insurance expense account USD7,182 debit B Discount allowed USD3,591 debited in error to the discount received account C No entries made in the records for cash sales totalling USD7,182 D The returns outwards total of USD3,591 was included ...

题型: 单选题 提问时间: 2021-08-22

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7 .Which of the following corrections need to be made to the calculation? (1)　　　Depreciation should be deducted, not added.(2)　　　Decrease in inventories should be added, not deducted.(3)　　　Decrease in receivables should be deducted, not added.(4)　　　Decrease in payables should be deducted, not added.

A (1) and (3) B (1) and (4) C (2) and (3) D (2) and (4)

题型: 单选题 提问时间: 2021-08-22

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