题目内容

When determining an entity’s functional currency, which of the following factors is not considered?

A. The currency that mainly influences sales prices for goods and services (this will often be the currency in which sales prices for its goods and services are denominated and settled).
B. The currency of the country whose competitive forces and regulations mainly determines the sales price of its goods and services.
C. The currency that mainly influences labour, material and other costs of providing goods or services (this will often be the currency in which such costs are denominated and settled).
D. The most frequently used currency in its subsidiaries.

查看答案

搜索结果不匹配？点我反馈

更多问题

A lease contract is for 5 years with lease arrangements of $10,000 per annum. The lease contract contains a clause which allows the lessee to extend the lease for a further period of 3 years for a lease payment of $5 per annum (as it is unlikely the lessor would be able to lease the asset to another party). The economic life of the asset is estimated to be approximately 8 years.The lessee assess it is highly likely the lease extension would be taken. The lease term is therefore ____ years.

A. 5
B. 3
C. 8
D. 11

查看答案

Which of the following characteristic does not belong to typical characteristics of an investment entity?

A. It has more than one investment.
B. It has more than one investor.
C. It has investors that are related parties of the entity.
D. It has ownership interests in the form of equity or similar interests.

查看答案

A company has a portfolio of loan assets. Its business model is to collect the contractual cash flows of interest and principal only. All loan assets have an effective interest rate of 7.5%. The portfolio was initially recognised at $840,000 on 1 January 20X1 with a separate allowance of $5,000 for 12-month expected credit losses (present value of lifetime expected credit losses of $100,000×5% chance of default within 12 months). A discount factor of 7.5% has been applied in calculating the loss allowance. No payments are due in the first year. At 31 December 20X1, the credit risk of the loan assets has increased significantly. The expectation of lifetime credit losses remains the same.The carrying amount of the loan assets in the first year is ______.

A. $835,000
B. $903,000
C. $732,500
D. $795,500

查看答案

XYZ Co owned 60% of MNE’s equity shares on 31 December 20X9. XYZ purchased another 20% of MNE’s equity shares on 30 June 20X9 for $900,000 when the existing non-controlling interests in MNE were measured at $1,200,000. Therefore, an amount of ______ adjustment to equity should be recorded in the group accounts on acquisition of the additional 20% in MNE.

A. -500,000
B. $750,000
C. -$300,000
D. $760,000

查看答案