Which of the following factors would cause a company’s gearing ratio to fall?(1) A 1 for 1 bonus issue of ordinary shares.(2) A 1 for 2 rights issue of ordinary shares.(3) An issue of loan notes.(4) An upward revaluation of land and buildings.

1 .Which of the following statements is correct?

A When a settlement discount is offered a sale is recorded at its full value B A settlement discount is also called a trade discount C A settlement discount allowed is recognised as income D When a trade discount is offered a sale is recorded at is full value

题型: 单选题 提问时间: 2021-08-22

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2 .Which of the following factors could cause a company’s gross profit percentage on sales to fall below the expected level?(1) Overstatement of the opening inventory valuation.(2) The incorrect inclusion in purchases of invoices relating to goods received from suppliers in the following period.(3) The incorrect inclusion in sales of invoices relating to goods despatched to customers in the following period.(4) Increased discounts received from suppliers.

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

题型: 单选题 提问时间: 2021-08-22

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4 .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: 2021-08-22

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