Howshouldanassociatebeaccounte

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Howshouldanassociatebeaccountedforintheconsolidatedstatementofprofitorloss?

A、Theassociate’sincomeandexpensesareaddedtothoseofthegrouponaline-by-linebasis.

B、Thegroupshareoftheassociate’sincomeandexpensesisaddedtothegroupfiguresonaline-by-linebasis.

C、Thegroupshareoftheassociate’sprofitaftertaxisrecordedasaone-lineentry.

D、Onlydividendsreceivedfromtheassociatearerecordedinthegroupstatementofprofitorloss.

正确答案：公需科目题库搜索

答案解析：$mCost(75m×$1.60)120Shareofpost-acquisitionretainedearnings(100–20)×30%24144

Acompanyhasacurrentratioof1.5,aquickratioof0.4andapositivecashbalance.Ifitpurchasesinventoryoncredit,whatistheeffectontheseratios?

A、urrentratio:Decrease;Quickratio:Decrease

B、urrentratio:Decrease;Quickratio:Increase

C、urrentratio:Increase;Quickratio:Decrease

D、urrentratio:Increase;Quickratio:Increase

正确答案：公需科目题库搜索

答案解析：Thevalueoftheinventorywillbeaddedtobothcurrentassetsandcurrentliabilities.Itwilladdproportionatelymoretoliabilitiesandsoreducethecurrentratio.Theeffectonthequickratiowillbeevengreaterasinventoryisexcl

Wellingtonowns30%ofBoot,whichitpurchasedon1May20X7forUSD2.5million.AtthatdateBoothadretainedearningsofUSD5.3million.Attheyearenddateof31October20X7BoothadretainedearningsofUSD6.4millionafterpayingouta

A、USD2,767,000

B、USD2,900,000

C、USD2,830,000

D、USD2,620,000

正确答案：公需科目题库搜索

答案解析：USD’000Costofinvestment2,500Shareofpost-acquisitionprofit(6,400–5,300)×30%)330PURP(700×30%×30%)(63)2,767

WhichofthefollowingshouldbeaccountedforintheconsolidatedfinancialstatementsofCompanyA

A、1and4only

B、2only

C、3only

D、3and4only

正确答案：公需科目题库搜索

答案解析：Investmentsinassociatesareaccountedforusingequityaccounting.Aninvestmentisanassociateiftheinvestorhassignificantinfluenceovertheinvestee.Significantinfluenceispresumediftheinvestorownsatleast20%ofthev

Whatisthepurposeofamortisation?

A、Toallocatethecostofanintangiblenon-currentassetoveritsusefullife

B、Toensurethatfundsareavailablefortheeventualpurchaseofareplacementnon-currentasset

C、Toreducethecostofanintangiblenon-currentassetinthestatementoffinancialpositiontoitsestimatedmarketvalue

D、Toaccountfortheriskassociatedwithintangibleassets

正确答案：公需科目题库搜索

答案解析：Amortisationisanapplicationofthematchingconceptandallocatesthecostoftheintangibleassetoveritsusefullife(overtheaccountingperiodsexpectedtobenefitfromitsuse).

TheCaddygroupacquired240,000ofAugust’s800,000equitysharesfor$6pershareon1April20X4.

A、$1,455,000

B、$1,500,000

C、$1,515,000

D、$1,395,000

正确答案：公需科目题库搜索

答案解析：$’000Costofinvestment(240×6)1,440Shareofpost-acquisitionretainedearnings((400×6/12)–150)×30%151,455

Anentitycarriesitspropertyatrevaluedamount.Propertyvalueshavefallenduringthecurrentperiodand

A、ROCE:Decrease;Gearing:Increase

B、ROCE:Decrease;Gearing:Increase

C、ROCE:Increase;Gearing:Decrease

D、ROCE:Increase;Gearing:Increase

正确答案：公需科目题库搜索

答案解析：Capitalemployed(assets)woulddecrease,increasingROCE.Theimpairmentlosswillreduceequity(revaluationsurplus)andsoincreasegearing.

Anassociateisanentityinwhichaninvestorhassignificantinfluenceovertheinvestee.

A、(i)and(ii)only

B、(i),(ii)and(iii)

C、(ii)and(iii)only

D、llfour

正确答案：公需科目题库搜索

答案解析：Thepresentofsignificantinfluenceisindicatedbyashareholdingof20%ormore(i)orrepresentationontheboard(ii).Regarding(iii),materialtransactionswouldneedtobebetweentheinvestoritselfandtheinvestee.(iv)denote

Jarvisowns30%ofMcLintock.Duringtheyearto31December20X4McLintocksoldUSD2millionofgoodsto

A、ebitgroupinventoryUSD48,000

B、ebitgroupinventoryUSD160,000

C、reditgroupinventoryUSD48,000

D、Noeffectongroupinventory

正确答案：公需科目题库搜索

答案解析：((USD2m×40%)×25/125)×30%=USD48,000Thisadjustmentisremovingprofitfrominventorysoitisacreditentry.

On1February20X1Picardyacquired35%oftheequitysharesofAvignon,itsonlyassociate,for$10millionincash.Thepost-taxprofitofAvignonfortheyearto30September20X1was$3million.Profitsaccruedevenlythroughouttheyear

A、$9,967,000

B、$9,850,000

C、$9,200,000

D、$10,200,000

正确答案：公需科目题库搜索

答案解析：$’000Costofinvestment10,000Shareofpost-acquisitionprofit(3,000×8/12)–1,000)×35%350Impairment(500)9,850

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