Which of the following statements relating to goodwill is correct?
A. oodwill is amortised over its useful life with the charge expensed to profit or loss
B. On the investment in an associate, any related goodwill should be separately identified in the consolidated financial statements
C. The testing of goodwill for impairment is only required when circumstances exist which indicate potential impairment
D. f the fair value of a subsidiary's contingent liabilities can be reliably measured at the date of acquisition, they should be included in consolidated net assets and will increase goodwill
查看答案
which of the following statements is correct when calculating the impairment loss of an asset?
A. ssets should be carried at the lower of their carrying amount and recoverable amount
B. ssets should be carried at the higher of their carrying amount and recoverable amount
C. The recoverable amount of an asset is the higher of vaiue in use and fair value less costs of disposal
D. The recoverable amount of an asset is the higher of value in use and fair value less costs of disposal
Which TWO of the following are appropriate OUTPUT methods of measuring progress? (1)Total costs to date of the contract as a percentage of total contract revenue (2)Physical milestones reached as a percentage of physical completion (3)Surveys of performance completed to date as a percentage of total contract revenue (4)Labour hours expended as a percentage of total expected labour hours
A. (2) and (3)
B. (1) and (3)
C. (2) and (4)
D. (1) and (4)
Which of the following would be classified as a liability?
A. Dexter's business manufactures a product under licence. In 12 months' time the licence expires and Dexter will have to pay $50,000 for it to be renewed.
B. Reckless purchased an investment 9 months ago for $120,000. The market for these investments has now fallen and Reckless's investment is valued at $90,000.
Carter has estimated the tax charge on its profits for the year just ended as $165,000.
D. Expansion is planning to invest in new machinery and has been quoted a price of $570,000.
Recognition is the process of including within the financial statements items which meet the definition of an element according to the lASB's Conceptual Framework for Financial Reporting. Which of the following items should be recognised as an asset in the statement of financial position of a company?
A skilled and efficient workforce which has been very expensive to train. Some of these staff are still in the employment of the company.
B. A highly lucrative contract signed during the year which is due to commence shortly after the year end.
C. A government grant relating to the purchase of an item of plant several years ago, which has a remaining life of four years.
D. A receivable from a customer which has been sold (factored) to a finance company. The finance company has full recourse to the company for any losses.
微信支付 
支付宝支付