首页 > 财会类考试> ACCA/CAT

网友您好，请在下方输入框内输入要搜索的题目：

请输入或粘贴题目内容搜题

搜题

拍照、语音搜题，请扫码下载APP

题目内容（请给出正确答案）

[主观题]

During the year the internal auditor of Mulligan Co discovered several discrepancies in th

e inventory records. In a

statement made to the board of directors, the internal auditor said:

‘I think that someone is taking items from the warehouse. A physical inventory count is performed every three months,

and it has become apparent that about 200 boxes of flat-packed chairs and tables are disappearing from the

warehouse every month. We should get someone to investigate what has happened and quantify the value of the

loss.’

Required:

(5 marks)

答案

查看答案

发布时间：2021-04-23

更多“During the year the internal auditor of Mulligan Co discovered several discrepancies in th”相关的问题

第1题

During the current year, the total assets of Mifflinburg Corporation decreased by $60,

000 and total liabilities decreased by $300,000. The company issued $100,000 of new stock, and its net income for the year was $250,000. No other changes to stockholders’ equity occurred during the year. The dollar amount of dividends declared by the company during the year is: ().

A、100000

B、200000

C、110000

D、250000

点击查看答案

第2题

The Cash T-account has a beginning balance of $1,000. During the year, $10,000 was deb

A.$8,000 debit balance

B.$8,000 credit balance

C.S9,000 credit balance

D.$9,000 debit balance

点击查看答案

第3题

About a business operating cycle, which of the followings is the most accurate？A．12 months

About a business operating cycle, which of the followings is the most accurate？

A．12 months

B．half a year

C．the time span during which cash is used to acquire goods and services

D．always longer than a year

点击查看答案

第4题

（ii) The percentage change in revenue, total costs and net assets during the year ended 31

(ii) The percentage change in revenue, total costs and net assets during the year ended 31 May 2008 that

would have been required in order to have achieved a target ROI of 20% by the Beetown centre. Your

answer should consider each of these three variables in isolation. State any assumptions that you make.

(6 marks)

点击查看答案

第5题

（c) During the year Albreda paid $0·1 million （2004 – $0·3 million) in fines and penalties

health and safety regulations. These amounts have not been separately disclosed but included in cost of sales.

(5 marks)

Required:

For each of the above issues:

(i) comment on the matters that you should consider; and

(ii) state the audit evidence that you should expect to find,

in undertaking your review of the audit working papers and financial statements of Albreda Co for the year ended

30 September 2005.

NOTE: The mark allocation is shown against each of the three issues.

点击查看答案

第6题

听力原文：During the second half year, this bank had total assets of USD80.2 million.（7)A．T

听力原文：During the second half year, this bank had total assets of USD80.2 million.

(7)

A．The bank had aggregate assets of USD80,200,000.

B．The bank had aggregate assets of USD80,020,000.

C．The bank had aggregate assets of USD8,200,000.

D．The bank had aggregate assets of USD18,200,000.

点击查看答案

第7题

Which of the following current year events would explain a fall in a company’s operating p

rofit margin compared to the previous year？

A.An increase in gearing leading to higher interest costs

B.A reduction in the allowance for uncollectible receivables

C.A decision to value inventory on the average cost basis from the first in first out (FIFO) basis. Unit prices of inventory had risen during the current year

D.A change from the amortisation of development costs being included in cost of sales to being included in administrative expenses

点击查看答案

第8题

（a) Apex is a publicly listed supermarket chain. During the current year it started the bu

(a) Apex is a publicly listed supermarket chain. During the current year it started the building of a new store. The directors are aware that in accordance with IAS 23 Borrowing costs certain borrowing costs have to be capitalised.

Required:

Explain the circumstances when, and the amount at which, borrowing costs should be capitalised in accordance with IAS 23. (5 marks)

(b) Details relating to construction of Apex’s new store:

Apex issued a $10 million unsecured loan with a coupon (nominal) interest rate of 6% on 1 April 2009. The loan is redeemable at a premium which means the loan has an effective fi nance cost of 7？5% per annum. The loan was specifi cally issued to fi nance the building of the new store which meets the defi nition of a qualifying asset in IAS 23. Construction of the store commenced on 1 May 2009 and it was completed and ready for use on 28 February 2010, but did not open for trading until 1 April 2010. During the year trading at Apex’s other stores was below expectations so Apex suspended the construction of the new store for a two-month period during July and August 2009. The proceeds of the loan were temporarily invested for the month of April 2009 and earned interest of $40,000.

Required:

Calculate the net borrowing cost that should be capitalised as part of the cost of the new store and the fi nance cost that should be reported in the income statement for the year ended 31 March 2010. (5 marks)

点击查看答案

第9题

According to the text, which of the following is true？［A］thepopularityofgapyearsr

According to the text, which of the following is true？

［A］ the popularity of gap years results from an increasing number of charities.

［B］ Prince William was working hard during his gap year.

［C］ gap years are not as fashionable as they were ten years ago.

［D］ a well-structured gap year is a guarantee of university success.

点击查看答案

第10题

5 The directors of Quapaw, a limited liability company, are reviewing the company’s draft

financial statements for the