Question 4()
A.collection of bird fossils from Australia
B.Photographs of certain rare fossil exhibits
C.Some ancient wall paintings from Australia
D.Pictures by winners of a wildlife photo contest
C、Some ancient wall paintings from Australia
A.collection of bird fossils from Australia
B.Photographs of certain rare fossil exhibits
C.Some ancient wall paintings from Australia
D.Pictures by winners of a wildlife photo contest
C、Some ancient wall paintings from Australia
第1题
Required:
(a) (i) Describe the current presentation requirements relating to the statement of profit or loss and other comprehensive income. (4 marks)
(ii) Discuss, with examples, the nature of a reclassification adjustment and the arguments for and against allowing reclassification of items to profit or loss. Note: A brief reference should be made in your answer to the IASB’s Discussion Paper on the Conceptual Framework. (5 marks)
(iii) Discuss the principles and key components of the IIRC’s Framework, and any concerns which could question the Framework’s suitability for assessing the prospects of an entity. (8 marks)
(b) Cloud, a public limited company, regularly purchases steel from a foreign supplier and designates a future purchase of steel as a hedged item in a cash flow hedge. The steel was purchased on 1 May 2014 and at that date, a cumulative gain on the hedging instrument of $3 million had been credited to other comprehensive income. At the year end of 30 April 2015, the carrying amount of the steel was $8 million and its net realisable value was $6 million. The steel was finally sold on 3 June 2015 for $6·2 million.
On a separate issue, Cloud purchased an item of property, plant and equipment for $10 million on 1 May 2013. The asset is depreciated over five years on the straight line basis with no residual value. At 30 April 2014, the asset was revalued to $12 million. At 30 April 2015, the asset’s value has fallen to $4 million. The entity makes a transfer from revaluation surplus to retained earnings for excess depreciation, as the asset is used.
Required:
Show how the above transactions would be dealt with in the financial statements of Cloud from the date of the purchase of the assets.
Note: Candidates should ignore any deferred taxation effects. (6 marks)
Professional marks will be awarded in question 4 for clarity and quality of presentation. (2 marks)
第2题
Sally:May I ask a question?
Mr.Green:__________.
A.Yes,ask please
B.Yes,you may
C.Yes,please
D.Any question please
第3题
The question of salary increase will __ at the next general meeting.
A.come off
B.come up
C.come to
D.come through
第5题
A.beyond
B.below
C.over
D.without
第6题
The question lies in whether he has ______ knowledge for the job.
A.efficiency
B.efficient
C.sufficiency
D.sufficient
第7题
The student was just about to______the question, when suddenly he found the answer.
A.arrive at
B.give up
C.submit to
D.work out
第8题
Whose ______ is it to answer the question this time? ()
A.time
B.position
C.duty
D.turn
第10题
A.Here come a question whether we sill adopt the idea
B.The question that comes from him is puzzling
C.What I am questioning is her terrible idea
D.I doubt whether he could answer this question
第11题
________A. question B. notionC. exceptionD. vocation