Which of the following statements apply when producing a consolidated statement of financial position?(1) All intra-group balances should be eliminated.(2) Intra-group profit in year-end inventory should be eliminated.(3) Closing inventory held by subsidiaries needs to be included at fair value.

1 .Holder acquired 150,000 USD1 ordinary shares in Sub on 1 March 2015 at a cost of USD300,000. Sub’s retained earnings at 1 March 2015 were USD36,000 and its issued ordinary share capital was USD200,000. Non-controlling interest is valued at fair value on acquisition, which was USD100,000. Sub’s retained earnings today have increased to USD60,000.How much goodwill arises on consolidation?

A USD99,000 B USD123,000 C USD140,000 D USD164,000

题型: 单选题 提问时间: 2021-08-24

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2 .Wolf acquired 80,000 USD1 ordinary shares in Fox on 1 April 2015 at a cost of USD177,000. Fox’s retained earnings at that date were USD50,000 and its issued ordinary share capital was USD100,000. Fair value of non-controlling interest on acquisition was USD52,000 and the fair value of Fox’s land on acquisition was USD10,000 higher than its carrying amount.How much goodwill arises on consolidation?

A USD57,000 B USD67,000 C USD69,000 D USD79,000

题型: 单选题 提问时间: 2021-08-24

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3 .Vaynor an incorporated entity acquired 40,000 ordinary shares in Yarlet some years ago.Extracts from the statements of financial position of the two companies as on 30 April 2016 were: Vaynor Yarlet USD000 USD000 Ordinary shares of USD1 each 500 50 Retained earnings 90 70 At acquisition Yarlet had retained earnings of USD30,000.Ignore goodwill.What are the consolidated retained earnings of Vaynor on 30 April 2016?

A USD90,000 B USD122,000 C USD146,000 D USD160,000

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4 .Tomas owns 65% of the shares in Drew. Drew owes Tomas USD5,000. Tomas has receivables of USD300,000 and Drew has receivables of USD130,000.What are the consolidated receivables for Tomas?

A USD435,000 B USD425,000 C USD381,250 D USD379,500

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5 .During the year Frodo sold goods for a sales price of USD168,000 to its wholly-owned subsidiary Bilbo. These goods were sold by Frodo at a mark-up of 50% on cost. On 31 December Bilbo still had USD36,000 worth of these goods in inventory.What adjustment for unrealised profit should be made in Frodo’s consolidated financial statements?

A USD12,000 B USD18,000 C USD24,000 D USD36,000

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7 .Which of the following statements about accounting ratios and their interpretation are correct?(1) A highly-geared company is less able to survive a downturn in profit than an ungeared company.(2) A high price earnings ratio usually indicates that the market expects the company’s profits to rise.(3) All companies should try to achieve a current ratio of 2:1.

A 1 and 2 only B 1 and 3 only C 2 and 3 only D All three statements are correct

题型: 单选题 提问时间: 2021-08-24

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8 .A company’s statement of profit or loss for the year showed: USDm Operating profit 88 Loan note interest (8) ——— Profit for year 80 ——— The company’s capital structure at the year end is: USDm Ordinary share capital 200 Share premium account 80 Retained earnings 120 10% Loan notes 80 What is the company’s return on capital employed?

A 16 2/3% B 18 1/3% C 20% D 22%

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9 .The following is an extract from the statement of profit or loss of a business for the year ended 30 September 2015: USD000 USD000 Revenue 54,000 Opening inventory 12,000 Purchases 36,000 Less: Closing inventory 8,000 40,000 ——— ——— Gross profit 14,000 ——— To the nearest day, how many days’ sales are held in the closing inventory?

A 54 B 61 C 73 D 81

题型: 单选题 提问时间: 2021-08-24

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10 .盈亏平衡点的生产负荷率与建设项目风险承受能力的关系是（　）。

A 盈亏平衡点的生产负荷率的大小与风险无关 B 盈亏平衡点的生产负荷率高于50％，则风险可以接受 C 盈亏平衡点的生产负荷率越大，风险越大 D 盈亏平衡点的生产负荷率越小，风险越大

题型: 单选题 提问时间: 2021-08-24

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