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Which of the following correctly reflects what this change represents and how it should be applied?

A. t is a change of accounting policy and must be applied prospectively
B. t is a change of accounting policy and must be applied retrospectively
C. t is a change of accounting estimate and must be applied retrospectively
D. t is a change of accounting estimate and must be applied prospectively

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How should the fair value movements in these investments be reported in Zinet Co's financial statements for the year ended 31 March 20X9?

A. n profit or loss for both investments
B. n other comprehensive income for both investments
C. n profit or loss for investment 1 and in other comprehensive income for investment 2
D. n other comprehensive income for investment 1 and in profit or loss for investment 2

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The terms of the lease agreement were as follows: Lease rental $5,000 per month Cash back incentive received at the start of the lease $1,000 Useful life of the property Eight years What is the charge in the statement of profit or loss of Shiba Co for the year ended 31 December 20X7 in respect of this lease?

A. $2,375
B. $4,000
C. $4,750
D. $5,250

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The individual statements of financial position at 31 December 20X5 for both companies show the following: Patula Co Sanka Co $'000 $'000 Inventories 3,250 1,940 What will be the total inventories figure in the consolidated statement of financial position of Patula Co as at 31 December 20X5?

A. $5,250,000
B. $5,550,000
C. $5,190,000
D. $4,190,000

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An extract from the statement of cash flows for the year ended 31 December 20X7 for Top Trades Co is presented as follows: $'000 Net cash from operating activities 995 Net cash used in investing activities (540) Net cash used in financing activities (200) Net increase in cash and cash equivalents 255 Cash and cash equivalents at the beginning of the period 200 Cash and cash equivalents at the end of the period 455 Which of the following statements is correct according to the extract of Top Trades Co's statement of cash flows?

A. The company has good working capital management
B. Net cash generated from financing activities has been used to fund the additions to non-current assets
C. Net cash generated from operating activities has been used to fund the additions to non-current assets
D. xisting non-current assets have been sold to cover the cost of the additions to non-current assets

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Which of the following correctly reflects what this change represents and how it should be applied?

A. t is a change of accounting policy and must be applied prospectively B. t is a change of accounting policy and must be applied retrospectively C. t is a change of accounting estimate and must be applied retrospectively D. t is a change of accounting estimate and must be applied prospectively

How should the fair value movements in these investments be reported in Zinet Co's financial statements for the year ended 31 March 20X9?

The individual statements of financial position at 31 December 20X5 for both companies show the following: Patula Co Sanka Co $'000 $'000 Inventories 3,250 1,940 What will be the total inventories figure in the consolidated statement of financial position of Patula Co as at 31 December 20X5?

A. t is a change of accounting policy and must be applied prospectively
B. t is a change of accounting policy and must be applied retrospectively
C. t is a change of accounting estimate and must be applied retrospectively
D. t is a change of accounting estimate and must be applied prospectively