题目内容
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[主观题]
It's reported that by the end of last month the sale of the company ______ by 10%
.
A．has risen
B．had been rising
C．had risen
D．has been rising
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题目内容
（请给出正确答案）
如果结果不匹配，请 联系老师 获取答案
题目内容
（请给出正确答案）
A．has risen
B．had been rising
C．had risen
D．has been rising
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更多“It's reported that by the end …”相关的问题
A.processing
B.operating
C.searching
D.handling
A.will have risen
B.has risen
C.will be rising
D.has been rising
It's reported that a new hospital _____________here next year.
A.would be set up
B.was going to set up
C.will be set up
D.is going to set up
A．Creditors
B．Control expenses
C．Labor union
D．B ＆ C above
The instructor has ______ us of tomorrow's meeting.
A. told
B. said
C. informed
D. reported
As to Ukrainian election, which of the following is true？
A．Any of Russia's improper responses will cause political crisis in Ukraine.
B．Russia had rescheduled a lot of festivities before the actual date of the election.
C．Putin's congratulation has caused opposition between the two candidates.
D．The voting fraud reported by Kremlin caused a rally in protest.
What should be the carrying amount of the property in Tilly’s statement of financial position as at 31 March 2015？
A.$775,000
B.$790,500
C.$765,000
D.$750,000
(a) IAS 8 Accounting Policies, Changes in Accounting Estimates and Errors contains guidance on the use of accounting policies and accounting estimates.
Required:
Explain the basis on which the management of an entity must select its accounting policies and distinguish, with an example, between changes in accounting policies and changes in accounting estimates. (5 marks)
(b) The directors of Tunshill are disappointed by the draft profi t for the year ended 30 September 2010. The company’s assistant accountant has suggested two areas where she believes the reported profi t may be improved:
(i) A major item of plant that cost $20 million to purchase and install on 1 October 2007 is being depreciated on a straight-line basis over a fi ve-year period (assuming no residual value). The plant is wearing well and at the beginning of the current year (1 October 2009) the production manager believed that the plant was likely to last eight years in total (i.e. from the date of its purchase). The assistant accountant has calculated that, based on an eight-year life (and no residual value) the accumulated depreciation of the plant at 30 September 2010 would be $7·5 million ($20 million/8 years x 3). In the fi nancial statements for the year ended 30 September 2009, the accumulated depreciation was $8 million ($20 million/5 years x 2). Therefore, by adopting an eight-year life, Tunshill can avoid a depreciation charge in the current year and instead credit $0·5 million ($8 million – $7·5 million) to the income statement in the current year to improve the reported profi t. (5 marks)
(ii) Most of Tunshill’s competitors value their inventory using the average cost (AVCO) basis, whereas Tunshill uses the fi rst in fi rst out (FIFO) basis. The value of Tunshill’s inventory at 30 September 2010 (on the FIFO basis) is $20 million, however on the AVCO basis it would be valued at $18 million. By adopting the same method (AVCO) as its competitors, the assistant accountant says the company would improve its profi t for the year ended 30 September 2010 by $2 million. Tunshill’s inventory at 30 September 2009 was reported as $15 million, however on the AVCO basis it would have been reported as $13·4 million. (5 marks)
Required:
Comment on the acceptability of the assistant accountant’s suggestions and quantify how they would affect the fi nancial statements if they were implemented under IFRS. Ignore taxation.
Note: the mark allocation is shown against each of the two items above.
Property at cost (useful life 15 years) $45 million
Accumulated depreciation $6 million
On 1 April 2014, Dune decided to sell the property. The property is being marketed by a property agent at a price of $42 million, which was considered a reasonably achievable price at that date. The expected costs to sell have been agreed at $1 million. Recent market transactions suggest that actual selling prices achieved for this type of property in the current market conditions are 10% less than the price at which they are marketed.At 30 September 2014 the property has not been sold.
At what amount should the property be reported in Dune’s statement of financial position as at 30 September 2014？
A、$36 million
B、$37·5 million
C、$36·8 million
D、$42 million
