单选题Which of the following statements relating to intangible assets is true?

单选题Each of the following events occurred after the reporting date of 31 March 2015, but before the financial statementswere authorised for issue. Which would be treated as a NON-adjusting event under IAS 10 Events After the Reporting Period?

单选题ThefollowingtrialbalanceextractrelatestoapropertywhichisownedbyVeetonasat1April2014:WhatwillbethedepreciationchargeinVeeton’sstatementofprofitorlossfortheyearended31March2015?

单选题On 1 October 20X1

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