If a company wished to maintain the carrying amount in the financial statements of its non-current assets, which of the following would it be unlikely to do?
A. Enter into a sale and short-term leaseback
B. Account for asset-based government grants using the deferral method
C. Revalue its properties
D. Change the depreciation method for new asset acquisitions from 25% reducing balance to ten years straight line
查看答案
Trent uses the formula: (trade receivables at year end/revenue for the year) x 365 to calculate how long on average (in days) its customers take to pay.Which of the following would NOT affect the correctness of the above calculation of the average number of days a customer takes to pay?
A. Trent experiences considerable seasonal trading
B. Trent makes a number of cash sales through retail outlets
C. Reported revenue does not include a 15% sales tax whereas the receivables do include the tax
D. Trent factors with recourse the receivable of its largest customer
Magenta Ltd has a current ratio of 1.5, a quick ratio of 0.4 and a positive cash balance. If it purchases inventory on credit, what is the effect on these ratios?
A. Current ratio decrease and Quick ratio decrease
B. Current ratio decrease and Quick ratio increase
Current ratio increase and Quick ratio decrease
D. Current ratio increase and Quick ratio increase
The process for developing an International Financial Reporting Standard involves a number of stages. Following receipt and review of comments on a Discussion Paper, what will be the next step undertaken by the IASB?
A. Publication of an Exposure Draft
B. Establishment of an Advisory Committee
Consultation with the Advisory Committee
D. Issue of a final IFRS
Which of the following is an example of an intangible asset of the subsidiary which may be recognised separately from goodwill when preparing consolidated financial statements?
A. new research project which the subsidiary has correctly expensed to profit or loss but the directors of the parent have reliably assessed to have a substantial fair value
B. global advertising campaign which was concluded in the previous financial year and from which benefits are expected to flow in the future
C. contingent asset of the subsidiary from which the parent believes a flow of future economic benefits is possible
D. customer list which the directors are unable to value reliably
微信支付 
支付宝支付