(c) Lamont owns a residential apartment above its ...

第1题

（b) While the refrigeration units were undergoing modernisation Lamont outsourced all its

(b) While the refrigeration units were undergoing modernisation Lamont outsourced all its cold storage requirements

to Hogg Warehousing Services. At 31 March 2007 it was not possible to physically inspect Lamont’s inventory

held by Hogg due to health and safety requirements preventing unauthorised access to cold storage areas.

Lamont’s management has provided written representation that inventory held at 31 March 2007 was

$10·1 million (2006 – $6·7 million). This amount has been agreed to a costing of Hogg’s monthly return of

quantities held at 31 March 2007. (7 marks)

Required:

For each of the above issues:

(i) comment on the matters that you should consider; and

(ii) state the audit evidence that you should expect to find,

in undertaking your review of the audit working papers and financial statements of Lamont Co for the year ended

31 March 2007.

NOTE: The mark allocation is shown against each of the three issues.

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第2题

Multinational Enterprise （MNE) is a firm that owns business operations in ().

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第3题

Multinational Enterprise （MNE) is a firm that owns business operations in ____________

A.domestic market

B.more than one country

C.regional markets

D.less than two countries

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第4题

Multinational Enterprise （MNE) is a firm that owns business operations in less than two countries.()

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第5题

Multinational Enterprise （MNE) is a firm that owns business operations in domestic market.()

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第6题

Multinational Enterprise （MNE) is a firm that owns business operations in regional markets.()

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第7题

Multinational Enterprise （MNE) is a firm that owns business operations in more than one country.()

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第8题

Mr.Brownownsa______shopintown.Healsoemploysthree______assistants. A.dresses,woman B.d

Mr. Brown owns a ______shop in town. He also employs three ______assistants.

A. dresses, woman

B. dress, woman

C. dress, women

D. dresses, women

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第9题

Germane has a number of relationships with other companies.In which of the following relat

Germane has a number of relationships with other companies.

In which of the following relationships is Germane necessarily the parent company？

(i) Foll has 50,000 non-voting and 100,000 voting equity shares in issue with each share receiving the same dividend. Germane owns all of Foll’s non-voting shares and 40,000 of its voting shares

(ii) Kipp has 1 million equity shares in issue of which Germane owns 40%. Germane also owns $800,000 out of $1 million 8% convertible loan notes issued by Kipp. These loan notes may be converted on the basis of 40 equity shares for each $100 of loan note, or they may be redeemed in cash at the option of the holder

(iii) Germane owns 49% of the equity shares in Polly and 52% of its non-redeemable preference shares. As a result of these investments, Germane receives variable returns from Polly and has the ability to affect these returns through its power over Polly

A.(i) only

B.(i) and (ii) only

C.(ii) and (iii) only

D.All three

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第10题

听力原文：The business owns the assets and must account for the use of the assets to the cr

editors and owners.

(3)

A．A business has an obligation to report the use of the assets to the creditors and owners.

B．A business has an obligation to report the accounts of the company to directors.

C．The creditors and owners have an obligation to report the use of the assets to the business.

D．The assets are not owned by the business, but by the creditors and owners.

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（c) Lamont owns a residential apartment above its head office. Until 31 December 2006 it w