On 1 October 20X1 Hyena paid USD500,000 deposit towards the cost of a laboratory for research and development. On 31 December 20X1, Hyena ’s financial year end, the laboratory had still not been completed.Where should the payment of USD500,000 appear in Hyena’s statement of financial position on 31 December 20X1?
参考答案(由小熊题库网聘请的专业题库老师提供的解答)
请点击↑↑↑ 查看官方参考答案 按钮
习题解析
请点击 查看官方参考答案 按钮
您可能感兴趣的题目
1 .Which of the following is NOT an intangible asset?
A Patents B Development costs C Short leaseholds D Licences
2 .Which of the following may be included in a company’s statement of financial position as an intangible asset under IAS 38 Intangible Assets?
A Payment on account of patents B Expenditure on completed research C Start-up costs D Internally-generated goodwill
3 .Henna was incorporated on 1 January 20X6. At 31 December 20X6 the following costs had been incurred:(1) Legal fees incurred in establishing the entity USD80,000(2) Customer lists purchased from a company that has gone out of business USD100,000(3) Goodwill created by the company USD80,000(4) Patents purchased for valuable consideration USD70,000(5) Costs incurred by the company in developing patents USD60,000What is the total cost of intangible assets to be recognised in the statement of financial position of Henna at 31 December 20X6 in accordance with IAS 38 Intangible Assets?
A USD310,000 B USD250,000 C USD230,000 D USD170,000
4 .Which of the following conditions would preclude any part of the development expenditure to which it relates from being capitalised?
A The development is incomplete B The benefits flowing from the completed development are expected to be greater than its cost C Funds are unlikely to be available to complete the development D The development is expected to give rise to more than one product
5 .Which of the following types of expenditure must be recognised as an expense when it is incurred?
A Tangible non-current assets acquired in order to provide facilities for research and development activities B Legal costs in connection with registration of a patent C Costs of searching for possible alternative products D Costs of research work which are to be reimbursed by a customer
7 .
A USD267,000 B USD412,000 C USD482,000 D USD787,000
8 .What is the total impairment loss?
A USDNil B USD10,000 C USD15,000 D USD20,000
9 .Dodgy has a property which is currently stated at a revalued carrying amount of USD253,000.Due to a slump in property prices the value of the property is currently only USD180,000.The historical cost carrying amount of the property is USD207,000.How should the above impairment in value be reflected in the financial statements in accordance with IAS 36 Impairment of Assets?
A Profit or loss account：Dr USD73,000 ；Other Comprehensive Income：Cr USD46,000 B Profit or loss account：Dr USD27,000 ；Other Comprehensive Income：Dr USD46,000 C Profit or loss account：Dr USD73,000； Other Comprehensive Income：– D Profit or loss account：– ；Other Comprehensive ...
10 .Noddy has an item of equipment included in its statement of financial position at a carrying amount of USD2,750. The asset had been revalued several years ago. If the asset had not been revalued its carrying amount would only have been USD1,250.An impairment review of the asset has been undertaken and it is estimated that the recoverable amount of the asset is only USD1,000.Noddy has not made any annual transfers from the revaluation surplus to retained earnings.How much of the impairment loss should be charged to other comprehensive income in accordance with IAS 36 Impairment of Assets?
A USD1,750 B USD1,500 C USDnil D USD250
