Does this meal cost $50? I () something far better than this!
A.prefer
B.expect
C.suggest
D.suppose
A.prefer
B.expect
C.suggest
D.suppose
A.Right
B.Wrong
C.Doesn't say
To which of the following items does IAS 41 Agriculture apply?
(i) A change in the fair value of a herd of farm animals relating to the unit price of the animals
(ii) Logs held in a wood yard
(iii) Farm land which is used for growing vegetables
(iv) The cost of developing a new type of crop seed which is resistant to tropical diseases
A.All four
B.(i) only
C.(i) and (ii) only
D.(ii) and (iii) only
Reconsider the common resource problem as given by Example 18. 7. Suppose that crawfish popularity continues to increase, and that he demand curve shifts from C = 0.401 - 0.0064F to C =0.50 - 0. 0064F. How does this shift in demand affect the actual crawfish catch, the efficient catch, and the social cost of common access? (lint: Use the marginal social cost and private cost curves given in the example. )
Which of the following comments, regarding the use of fair values on the acquisition of a subsidiary, is correct?
A.The use of fair value to record a subsidiary’s acquired assets does not comply with the historical cost principle
B.The use of fair values to record the acquisition of plant always increases consolidated post-acquisition depreciation charges compared to the corresponding charge in the subsidiary’s own financial statements
C.Cash consideration payable one year after the date of acquisition needs to be discounted to reflect its fair value
D.Patents must be included as part of goodwill because it is impossible to determine the fair value of an acquired patent, as, by definition, patents are unique
The following two issues relate to Spiko Co’s mining activities:
Issue 1: Spiko Co began operating a new mine in January 20X3 under a five-year government licence which required Spiko Co to landscape the area after mining ceased at an estimated cost of $100,000.
Issue 2: During 20X4, Spiko Co’s mining activities caused environmental pollution on an adjoining piece of government land. There is no legislation which requires Spiko Co to rectify this damage, however, Spiko Co does have a published environmental policy which includes assurances that it will do so. The estimated cost of the rectification is $1,000,000.
In accordance with IAS 37 Provisions, Contingent Liabilities and Contingent Assets, which of the following statements is correct in respect of Spiko Co’s financial statements for the year ended 31 December 20X4?
A.A provision is required for the cost of both issues 1 and 2
B.Both issues 1 and 2 require disclosure only
C.A provision is required for the cost of issue 1 but issue 2 requires disclosure only
D.Issue 1 requires disclosure only and issue 2 should be ignored
Researchers from Yale and the University of Connecticut followed 600 middle-schoolstudents as they developed from fifth to seventh grade, nothing their weight and if they had zerobreakfast, breakfast either at home or at school, or breakfast in both places. They found thatweight gain among second-breakfast eaters was no different from the average gain seen amongall students. Children who didn ’t eat breakfast, or ate it only sometimes, were more likely to beoverweight than double-breakfasters. It should be noted that only about one in ten children inthe study ate two breakfasts.
The study wasn’t designed to figure out why this might be true, but the researchers havesome theories: that people who don ’t eat breakfast (or any meal) might overeat later in the day,and that as people become obese, they tend to reduce calories (热量) by having no breakfast.
Yes, school breakfasts are more like a healthy snack(零食) than a full meal, and growingteens can eat a large amount of food. But if you ’re still not eating breakfast because you think itgives you more colories, you are not only mistaken, but you are also missing out one of life ’s greatpleasures.
What do we know about the research according to Paragraph 1?
A.It was about the effect of dinner on weight gain.
B.Its result was opposite to the author’s opinion.
C.It was done on overweight school children.
D.Its result might also be true of adults.
Which of the following is true according to Paragraph 2?A.About 90% of the children in the study had two breakfasts a day.
B.About 90% of the children in the study had one breakfast a day.
C.About 10% of the children in the study had two breakfasts a day.
D.About 10% of the children in the study had no breakfast at all.
What does the underlined word obese mean in Paragraph 3?A.Overweight.
B.Strong.
C.Tall.
D.Hungry.
According to the researchers, some people don’t eat breakfast because _____.A.they have no time
B.they prefer snacks
C.they want to keep fit
D.they want to eat more at lunch
What is the best title of this passage?A.Breakfast and School Performance
B.Breakfast and Weight Gain
C.Breakfast and Life Pleasure
D.Breakfast and Snacks
The following information is relevant for questions 9 and 10
A company’s draft financial statements for 2005 showed a profit of $630,000. However, the trial balance did not agree,
and a suspense account appeared in the company’s draft balance sheet.
Subsequent checking revealed the following errors:
(1) The cost of an item of plant $48,000 had been entered in the cash book and in the plant account as $4,800.
Depreciation at the rate of 10% per year ($480) had been charged.
(2) Bank charges of $440 appeared in the bank statement in December 2005 but had not been entered in the
company’s records.
(3) One of the directors of the company paid $800 due to a supplier in the company’s payables ledger by a personal
cheque. The bookkeeper recorded a debit in the supplier’s ledger account but did not complete the double entry
for the transaction. (The company does not maintain a payables ledger control account).
(4) The payments side of the cash book had been understated by $10,000.
9 Which of the above items would require an entry to the suspense account in correcting them?
A All four items
B 3 and 4 only
C 2 and 3 only
D 1, 2 and 4 only
Over 60 million persons in the United States own a credit card. For these millions of Americans a credit card is "coined freedom". It has had effect of increasing consumption possibilities for households by allowing them to purchase thousands of dollars of merchandise. ranging from autos. clothing, to electrical appliances. The widespread use of creditcard nowadays staggers the imagination to the point where one wonders whether the total amount of consumption spending each year would be the same if this "plastic money" were not around, Credit cards have also been of significant importance to the national economy.Businessmen have been encournged to expand plant and equipment and hire additionat personnel to meet the heavy demand for their products, The tendency of employment and income would rise significantly. Unfortunately the ease with which buyers can increase their purchase with credit cards have caused them to overlook the additional costs.Purchase on credit cards are postponed payments. Buy-now pay later encourages buyers to use credit cards ,extencively.Since the buyer is in effect borrowing money for a special purposer he must expect to pay an interest charge. Interest is the price of using money over a long period of time. A close analysis of the use for credit cards for heavy purchases will show that the buyer has added to the cost of making these purchases. It must also be kept in mind that unpaid monthly balances means added interest charges. Furthermore. the use of credit cards will add to the most purpose of the product since the shopkeeper does not receive the money at the time of the purchase, Shopkeepers might add on the cost of handing credit cards to the bill. One of the arguments against the use of credit cards has been that those who do pay cash at the time if purchase finance the use of a credit card by another person.This is so, the argument runs, because the price of a product will include the cost of another persons use of a credit card.
Which of the following is NOT true about credit cards?
A.It can encourage great sums of consumption
B.Shopkeepers, among others object to the use of credis cards because they add on the cost of the merchandise
C.Credit card holders actually pay for their shopping goods afer the purchase has been completed
D.The national economy enjoys extensive growth because of the use of credit cards
What is the main topic of the passage?A.Advantages and disadvantages of credit cards
B.Economic growth hacked up by the use of credit cards
C.Arguments against the use of ecredit cards
D.Credit cards make life easier
What are the arguments against the use of credit cards?A.It may lead to the overgrowth of the national economy.
B.The delay in the payment of shopping goods may bring damage to shopkeeprers’profits.
C.Some people may intentionally purchase goods that they cannot possbly aford
D.Those who pay by cash at the purehase will have to pay for the cost added to the product as the interest charge of credit cards
The writers purpose in this passage is to____.A.argue against credit card
B.deseribe a phenomenon
C.introduce us the disadvantage and advantage of credit card
D.propose an original viewpoint