F2 무료 덤프문제 온라인 액세스

PQ is a retail business. In recent years they have improved their financial performance and increased their revenue. The following ratios have been calculated for the years ended 31 December 20X4 and
20X3:

Which of the following explanations of PQ's financial performance is consistent with these ratios?

• A.In 20X4 PQ reduced the unit selling price resulting in an increase in volumes sold and an increase in overall revenue.
• B.In 20X4 PQ sold a retail outlet resulting in a significant gain on disposal which has been deducted from administrative expenses.
• C.PQ changed suppliers early in 20X4 because the new supplier agreed to supply the same goods at a cheaper price.
• D.In 20X4 taxation legislation was amended which reduced the rate of corporate income tax by 3.5%.

Which of the following statements is true in respect of ST's gross profit margin based on the information given?

• A.Economies of scale have been achieved from increased revenues resulting in a reduction in the gross profit margin.
• B.Gross profit margin has increased as a result of management negotiating a premium price for the contract with the new customer.
• C.The associate's gross profit margin is greater than ST's leading to an overall increase in ST's margin.
• D.Gross profit margin has reduced due to the increased cost of the new contract.

Which of the following statements are INCORRECT with regards to impairment of financial instruments; Select ALL that apply.

• A.The impairment loss on held to maturity instruments is the difference between the assets carrying amount and the present value of its future cashflows.
• B.If a contract relating to a financial instrument is breached then this might be an indication of impairment.
• C.If a loss is suspected following an impairment review, a financial asset is written down to its fair value.
• D.In the result of an impairment loss, the carrying amount of the asset is directly reduced, or reduced through an allowance account.
• E.Held to maturity instruments and available for sale assets are both measured at amortised cost and are therefore impacted by impairment.

XY puchased 2% of the equity shares of FG on 1 October 20X3.
XY paid $25,000 for the shares as well as a transaction cost of 2.5% of the purchase price.
The shares are being held for short term trading and XY intend to sell them in December 20X3.
At the year end of 31 October 20X3, the shares in FG could be sold for $28,000.
What is the journal entry to record the subsequent measurement for this investment at 31 October
20X3?

• A.Debit investment in equity shares $3,000 and credit profit or loss $3,000.
• B.Debit investment in equity shares $2,375 and credit profit or loss $2,375.
• C.Debit investment in equity shares $2,375 and credit other reserves $2,375.
• D.Debit investment in equity shares $3,000 and credit other reserves $3,000.

An entity undertakes an issue of new debt which has the effect of reducing the entity's weighted average cost of capital (WACC).
Which of the following would best explain why the WACC will have fallen?

• A.The entity was 100% equity financed prior to the issue of the debt.
• B.The risk to the shareholders has reduced leading to a fall in the cost of equity.
• C.The new debt is being used to replace existing debt that had the same cost.
• D.The new debt is being used to replace existing debt that had a lower cost.