At 30 September 20X9 Sandown's trial balance showed a brand at cost of $30 millio

第1题

Caddy Co acquired 240,000 of Ambel Co’s 800,000 equity shares for $6 per share on 1 O

ctober 20X4. Ambel Co’s profit after tax for the year ended 30 September 20X5 was $400,000 and it paid an equity dividend on 20 September 20X5 of $150,000.

On the assumption that Ambel Co is an associate of Caddy Co, what would be the carrying amount of the investment in Ambel Co in the consolidated statement of financial position of Caddy Co as at 30 September 20X5？

A、$1,560,000

B、$1,395,000

C、$1,515,000

D、$1,690,000

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第2题

The following trial balance relates to Sandown at 30 September 2009:The following notes ar

The following trial balance relates to Sandown at 30 September 2009:

The following notes are relevant:

(i) Sandown’s revenue includes $16 million for goods sold to Pending on 1 October 2008. The terms of the sale are that Sandown will incur ongoing service and support costs of $1·2 million per annum for three years after the sale. Sandown normally makes a gross profit of 40% on such servicing and support work. Ignore the time value of money.

(ii) Administrative expenses include an equity dividend of 4·8 cents per share paid during the year.

(iii) The 5% convertible loan note was issued for proceeds of $20 million on 1 October 2007. It has an effective interest rate of 8% due to the value of its conversion option.

(iv) During the year Sandown sold an available-for-sale investment for $11 million. At the date of sale it had a

carrying amount of $8·8 million and had originally cost $7 million. Sandown has recorded the disposal of the

investment. The remaining available-for-sale investments (the $26·5 million in the trial balance) have a fair value of $29 million at 30 September 2009. The other reserve in the trial balance represents the net increase in the value of the available-for-sale investments as at 1 October 2008. Ignore deferred tax on these transactions.

(v) The balance on current tax represents the under/over provision of the tax liability for the year ended 30 September 2008. The directors have estimated the provision for income tax for the year ended 30 September 2009 at $16·2 million. At 30 September 2009 the carrying amounts of Sandown’s net assets were $13 million in excess of their tax base. The income tax rate of Sandown is 30%.

(vi) Non-current assets:

The freehold property has a land element of $13 million. The building element is being depreciated on a

straight-line basis.

Plant and equipment is depreciated at 40% per annum using the reducing balance method.

Sandown’s brand in the trial balance relates to a product line that received bad publicity during the year which led to falling sales revenues. An impairment review was conducted on 1 April 2009 which concluded that, based on estimated future sales, the brand had a value in use of $12 million and a remaining life of only three years.

However, on the same date as the impairment review, Sandown received an offer to purchase the brand for

$15 million. Prior to the impairment review, it was being depreciated using the straight-line method over a

10-year life.

No depreciation/amortisation has yet been charged on any non-current asset for the year ended 30 September

2009. Depreciation, amortisation and impairment charges are all charged to cost of sales.

Required:

(a) Prepare the statement of comprehensive income for Sandown for the year ended 30 September 2009.

(13 marks)

(b) Prepare the statement of financial position of Sandown as at 30 September 2009. (12 marks)

Notes to the financial statements are not required.

A statement of changes in equity is not required.

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第3题

On 1 October 20X4, Kalatra Co commenced drilling for oil from an undersea oilfield. Ka

latra Co is required to dismantle the drilling equipment at the end of its five-year licence. This has an estimated cost of $30m on 30 September 20X9. Kalatra Co’s cost of capital is 8% per annum and $1 in five years’ time has a present value of 68 cents.

What is the provision which Kalatra Co would report in its statement of financial position as at 30 September 20X5 in respect of its oil operations？

A、$32,400,000

B、$22,032,000

C、$20,400,000

D、$1,632,000

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第4题

On 1 October 20X1, Bash Co borrowed $6m for a term of one year, exclusively to finance the

construction of a new piece of production equipment. The interest rate on the loan is 6% and is payable on maturity of the loan. The construction commenced on 1 November 20X1 but no construction took place between 1 December 20X1 to 31 January 20X2 due to employees taking industrial action. The asset was available for use on 30 September 20X2 having a construction cost of $6m.

What is the carrying amount of the production equipment in Bash Co’s statement of financial position as at 30 September 20X2？

A.$5,016,000

B.$6,270,000

C.$6,330,000

D.$6,360,000

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第5题

On September 30, 2014, Microsoft announced Windows 10 as the successor to Windows 8.1. It was released on July 29, 2015, and addresses shortcomings in the user interface first introduced with Windows 8. Changes on PC include the return of the Start Menu, a virtual desktop system, and the ability to run Windows Store apps within windows on the desktop rather than in full-screen mode.英译中

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第6题

A公司20X8年3月1日开始自行开发成本管理软件，在研究阶段发生材科费用10万元，开发阶段发生开发人员工资100万元，福利费20万元，以银行存款支付租30万元英计150万元其中满足资本化条件的是120万元20X8年7月16日，A公司自行开发成功该成本管理软件，开依法申请了专利，以银行存款支付注册费2万元，律师费3万元一但使用寿命不能合理确定，20x9年12月31日该项专利权的可收回金额为80万元，假定不考虑其他因素的影响，A公司应就该专利权计提的减值准备金额为（）

A.0

B.40

C.45

D.34

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第7题

The Edinburgh festival has been held in August and September every【21】since 1947. There ar

e a lot of different events in which you can【22】some of the world's greatest actors, musicians, singers【23】dancers. Apart from plays, concerts, operas and ballet, there【24】films, exhibitions and poetry readings. In【25】, there's some something for everyone.【26】the performances are famous...

Paul and Susan are taking part【27】this year's festival. They are acting in a play with some other boys and【28】from their university in Birmingham. It's the first night and they're in the dressing room. The play's【29】in half an hour and naturally they're both rather【30】.

(61)

A．year

B．month

C．day

D．week

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第8题

（a) IAS 37 Provisions, contingent liabilities and contingent assets prescribes the account

(a) IAS 37 Provisions, contingent liabilities and contingent assets prescribes the accounting and disclosure for those items named in its title.

Required:

Define provisions and contingent liabilities and briefly explain how IAS 37 improves consistency in financial reporting.

(b) The following items have arisen during the preparation of Borough’s draft financial statements for the year ended 30 September 2011:

(i) On 1 October 2010, Borough commenced the extraction of crude oil from a new well on the seabed. The cost of a 10-year licence to extract the oil was $50 million. At the end of the extraction, although not legally bound to do so, Borough intends to make good the damage the extraction has caused to the seabed environment. This intention has been communicated to parties external to Borough. The cost of this will be in two parts: a fixed amount of $20 million and a variable amount of 2 cents per barrel extracted. Both of these amounts are based on their present values as at 1 October 2010 (discounted at 8%) of the estimated costs in 10 years’ time. In the year to 30 September 2011 Borough extracted 150 million barrels of oil.

(ii) Borough owns the whole of the equity share capital of its subsidiary Hamlet. Hamlet’s statement of financial position includes a loan of $25 million that is repayable in five years’ time. $15 million of this loan is secured on Hamlet’s property and the remaining $10 million is guaranteed by Borough in the event of a default by Hamlet. The economy in which Hamlet operates is currently experiencing a deep recession, the effects of which are that the current value of its property is estimated at $12 million and there are concerns over whether Hamlet can survive the recession and therefore repay the loan.

Required:

Describe, and quantify where possible, how items (i) and (ii) above should be treated in Borough’s statement of financial position for the year ended 30 September 2011.

In the case of item (ii) only, distinguish between Borough’s entity and consolidated financial statements and refer to any disclosure notes. Your answer should only refer to the treatment of the loan and should not consider any impairment of Hamlet’s property or Borough’s investment in Hamlet.

Note: the treatment in the income statement is NOT required for any of the items.

The following mark allocation is provided as guidance for this requirement:

(i) 5 marks

(ii) 4 marks

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第9题

Booking opens for Beckett Shorts on September 8BY TELEPHONEFor credit card（信誉卡) booking

Booking opens for Beckett Shorts on September 8

BY TELEPHONE

For credit card(信誉卡) booking. Calls are answered.

BOX OFFICE

01789-295623 9 a.m. ～8 p.m. (Mon. ～Sat. )

0541-541051 (24 hour, 7 days, no booking charge).

BY FAX

For credit card booking. Please allow at least 48 hours for reply, if required.

BOX OFFICE

01789 261974 or 01862 387765

BY POST

Please enclose(附上) a cheque or credit card details together with a SAE or add 50p to the total amount(总额) to cover postage. Please send to the Box Office, RST, Stratford-upon- Avon, CV37 6BB.

Booking opens for all other plays on September 19.

IN PERSON

BOX OFFICE

RST hall, 9:30 a.m. ～8 p.m.(Mon. ～Sat. )

(6 p.m. when theatres are closed).

OVERSEAS BOOKING

The easiest method of payment is by credit card. You can also pay by: Eurocheque(up to￡500) with your card number written on the back.

PAYING FOR YOUR TICKETS

CREDIT CARDS

We accept Visa, Master Card, American Express and Diners Club. Please give the card number, name and address of cardholder.

CHEQUES

Cheques and postal orders should be payable to: Royal Shakespeare Theatre.

In which of the following ways of booking does one probably have to pay extra money？

A．In person.

B．By telephone.

C．By fax.

D．By post.

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第10题

某公司20x9年财务结构预算安排中，股权资本结构的财务结构预算是95%，这意味着该公司20X9年财务状况预算中（）

A.股东权益÷总资产=95%

B.股东权益÷总资产=5%

C.总负债÷股东权益=95%

D.未分配利润÷股东权益=5%

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