单选题At 31 March 2015, Jasim had shareholders’ funds (equity) of $200,000 and debt of $100,000. Which of the following transactions would increase Jasim’s gearing compared to what it would have been hadthe transaction NOT taken place? Gearing should be taken as debt/(debt + equity). Each transaction should be considered separately.

单选题Included within the financial assets of Zinet Co at 31 March 20X9 are the following two recently purchased investments in publically-traded equity shares: Investment 1 10% of the issued share capital of Haruka Co

单选题In a review of its provisions for the year ended 31 March 2015, Cumla’s assistant accountant has suggested the following accounting treatments: (i) Making a provision for a constructive obligation of $400,000; this being the sales value of goods expected to bereturned by retail customers after the year end under the company’s advertised 30-day returns policy (ii)Based on past experience, a $200,000 provision for unforeseen liabilities arising after the year end (iii)The partial reversal (as a credit to the statement of profit or loss) of the accumulated depreciation provision on an item of plant because the estimate of its remaining useful life has been increased by three years (iv)Providing $1 million for deferred tax at 25% relating to a $4 million revaluation of property during March 2015 even though Cumla has no intention of selling the property in the near future Which of the above suggested treatments of provisions is/are permitted by IFRS?

单选题Trasten Co operates in an emerging market with a fast-growing economy where prices increase frequently

单选题Top Trades Co has been trading for a number of years and is currently going through a period of expansion. An extract from the statement of cash flows for the year ended 31 December 20X7 for Top Trades Co is presented as follows: Which of the following statements is correct according to the extract of Top Trades Cos statement of cash flows?

单选题IFRS requires extensive use of fair values when recording the acquisition of a subsidiary. Which of the following comments, regarding the use of fair values on the acquisition of a subsidiary, is correct?

单选题Under certain circumstances, profits made on transactions between members of a group need to be eliminated from the consolidated financial statements under IFRS. Which of the following statements about intra-group profits in consolidated financial statements is/are correct? (i) The profit made by a parent on the sale of goods to a subsidiary is only realised when the subsidiary sells thegoods to a third party (ii)Eliminating intra-group unrealised profits never affects non-controlling interests (iii)The profit element of goods supplied by the parent to an associate and held in year-end inventory must be eliminated in full

单选题The following scenario relates to questions 2630 Mighty IT Co provides hardware, software and IT services to small business customers

单选题Rooney Co acquired 70% of the equity share capital of Marek Co, its only subsidiary, on 1 January 20X6. The fair value of the non-controlling interest in Marek Co at acquisition was $11m. At that date the fair values of Marek Cos net assets were equal to their carrying amounts, except for a building which had a fair value of $15m above its carrying amount and 30 years remaining useful life. During the year to 31 December 20X6, Marek Co sold goods to Rooney Co, giving rise to an unrealised profit in inventory of $550,000 at the year end. Marek Cos profit after tax for the year ended 31 December 20X6 was $32m. What amount will be presented as the non-controlling interest in the consolidated statement of financial position of Rooney Co as at 31 December 20X6?

单选题To which of the following items does IAS 41 Agricultureapply? (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

单选题Shiba Co entered into a non-cancellable four-year operating lease to hire a photocopier on 1 January 20X7

单选题On 1 January 20X6, Gardenbugs Co received a $30