What is the balance on the revaluation surplus of Topsy Co as at 30 April 20X6 after the required adjustments have been made?
A. $840,000
B. $855,000
C. $870,000
D. $825,000
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What is the carrying amount of the investment in Styre Co in the consolidated statement of financial position of Plow Co as at 31 July 20X5?
A. $25,375
B. $22,750
C. $27,125
D. $23,625
Which of the following statements is NOT true?
A. n some countries, accounting standards can be a detailed set of rules which companies must follow
B. Local accounting standards can be influenced by the tax regime within a country
C. ccounting standards on their own provide a complete system of regulation
D. ccounting standards are particularly important where a company's shares are publicly traded
Using the drop down box to select your answer what is the weighted average number of shares in issue for the year ended 31 December 20X9, in accordance with IAS 33 Earnings per Shared?
A. 2,341,549 shares
B. 1,935,769 shares
C. 2,125,000 shares
D. 2,431,778 shares
Which of the following actions, taken before the year end, would lead to an increase in the current ratio?
A. Return some inventory which had been purchased for cash and obtain a full refund on the cost
B. Make a bulk purchase of inventory for cash to obtain a large discount
C. Make an early payment to suppliers, even though the amount is not due
D. Offer early payment discounts in order to collect receivables more quickly
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