Miss Bingley wrote to Jane telling they were leaving Netherfield and would come back soon.

(c) Misson has further entered into a contract to purchase plant and equipment from a foreign supplier on 30 June

2007. The purchase price is 4 million euros. A non-refundable deposit of 1 million euros was paid on signing

the contract on 31 July 2006 with the balance of 3 million euros payable on 30 June 2007. Misson was

uncertain as to whether to purchase a 3 million euro bond on 31 July 2006 which will not mature until 30 June

2010, or to enter into a forward contract on the same date to purchase 3 million euros for a fixed price of

$2 million on 30 June 2007 and to designate the forward contract as a cash flow hedge of the purchase

commitment. The bond carries interest at 4% per annum payable on 30 June 2007. Current market rates are

4% per annum. The company chose to purchase the bond with a view to selling it on 30 June 2007 in order

to purchase the plant and equipment. The bond is not to be classified as a cash flow hedge but at fair value

through profit or loss.

Misson would like advice as to whether it made the correct decision and as to the accounting treatment of the

items in (c) above for the current and subsequent year. (10 marks)

You are going to read an extract from a novel. For questions 7-13, choose the answer (A, B, C or D) which you think fits best according to the text.

miss Rita Cohen, a tiny, pale-skinned girl who looked half the age of Seymour's daughter, Marie, but claimed to be some six years olde. r, came to his factory one day. She was dressed in overalls and ugly big shoes, and a bush of wiry hair framed her pretty face. She was so tiny, so young that he could barely believe that she was at the University of Pennsylvania, doing research into the leather industry in New Jersey for her Master's degree.

Three or four times a year someone either phoned Seymour or wrote to him to ask permission to see, his factory, and occasionally he would assist a student by answering questions over the phone or, if the student struck him as especially serious, by offering a brie~ tour.

Rita Cohen was nearly as small, he thought, as the children from Marie's third-year class, who'd been brought the, 50 kilometres from their rural schoolhouse one day, all those years ago, so that Marie's daddy could show them how he made gloves, show them especially Marie's favourite spot, the laying- off table, where, at the end of the process, the men shaped and pressed each and every glove by pulling line 13 it carefully down over steam-heated brass hands. The hands were dangerously hot and they were shiny and they stuck straight up from the table in a row, thin-looking, like hands that had been flattened. As a little girl, Marie was captivated by their strangeness and called them the 'pancake hands'.

He heard Rita asking, 'How many pieces come in a shipment?' 'How many? Between twenty and twenty- five thousand.' She continued taking notes as she asked, 'They come direct to your shipping department?'

He liked finding that she was interested in every last detail. 'They come to the tannery. The tannery is a contractor. We buy the material and they make it into the right kind of leather for us to use. My grandfather and father worked in the tannery right here in town. So did I, for six months, when I started in the business. Ever been inside a tannery?' 'Not yet.' 'Well you've got to go to a tannery if you're going to write about leather. I'll set that up for you if you'd like that. They're primitive places. The technology has improve, d things, but what you'll see isn't that different from what you'd have seen hundreds of years ago. Awful work. It's said to be the oldest industry of which remains have been found anywhere. Six-thousand-year-old relics of tanning found somewhere Turkey, I believe. The first clothing was just skins that were lined by smoking them. I told you it was an interesting subject once you gel into it. My father is the leather scholar; he's the one you should be talking to. Start my father off about gloves and how'll talk for two days. That's typical, hay the way: glovemen love the trade and everything about it. Tell me, have you ever seen anything being manufactured, Miss Cohen?' 'I can't say I have.' 'Never seen anything made?' 'Saw my mother make a cake when I was a child.'

He laughed. She had made him laugh. An innocent with spirit, eager to learn. His daughter was easily 30cm taller than Rile Cohen, fair where she was dark, but otherwise Rite Cohen had begun to re, mind him of Marie. The good-natured intelligence that would just waft out of her amt into the house when she came home from school, full of what she'd learned in class. How she remembered everything. Everything neatly taken down in her notebook and memorised overnight.

'I'll tell you what we're going to do. We're going to bring you right through the whole process. Come on. We're going to make you a pair of gloves and you're, going to watch them being made from start to finish. What size do you wear?'

What was Seymour's first impression of Rita Cohen?

A．She reminded him of his daughter.

B．She was rather unattractive.

C．She did net look like a research student.

D．She hadn't given much thought to her appearance.

It was Friday, the day of the field trip on which Miss Joan would take her class to pick apples.

Miss Joan enjoyed picking apples with her students. She smiled as she led her students to the bus that would take them to the Greenly Apple Orchard (果园) .

The bus ride was bumpy and the kids were a little noisy, but still Miss Joan was smiling.

The bus stopped in front of the Greenly Apple Orchard and the class got off quickly and quietly. Miss Joan made sure everyone was there. "What a glorious, sunny, apple picking day," Miss Joan announced with her grandest smile.

Mr. Greenly was there to greet them. "Let's see, there are eighteen children and two adults at three dollars each. That will be sixty dollars, please."

Miss Joan held up the brochure in her hand. "It says that the price is two dollars each," she pointed out. "That's what I collected from everyone."

"We've had to raise the price," Mr. Greenly stated.

"You sent me this brochure after we made our reservation," Miss Joan complained, "and it says two dollars!"

"Miss Joan, if you look at the bottom of this brochure," Mr. Greenly said, "you'll notice very important statement."

Sure enough, in very tiny letters, it said, "Prices are subject to change without notice."

Miss Joan was determined to keep her good mood. She took a twenty dollars bill out of her own purse and handed it to Mr. Greenly with the forty dollars she had in an envelope. "Now children, do you all have your baskets?" Miss Joan called out. "Remember, each of you can pick as many apples as possible."

Mr. Greenly said, "You can't pick as many apples as possible."

"I beg your pardon? Miss Joan was not smiling now. "The brochure says, 'ALL YOU CAN PICK'!"

Mr. Greenly pointed to the tiniest letters Miss Joan had ever almost seen. It also says, "Terms and conditions of group reservations are subject to change without notice."

Miss Joan's good mood was now history. She didn't want to set a bad example for her students, so she said in a calm and quiet voice, "We're going home, give me our money back, please."

How many dollars did Miss Joan hand to Mr. Greenly?

A．20.

B．40.

C．60.

D．18.

I recently wrote an autobiography in which I recalled many old memories. One of them was from my school days, when our ninth grade teacher, Miss Raber, would pick out words from Reader's Digest to test our vocabulary.

Today, more than 45 years later, I always check out " It pays to Enrich Your Word Power" first when the Digest comes each month. I am impressed with that idea, word power. Reader's Digest knows the power that words have to move people to entertain, inform. and inspire. The Digest editors know that the big word isn't always the best word. Take just one example, a Quotable Quote from the February 1985 issue: " Time is a playful thing. It slips quickly and drinks the day like a bowl of milk. "

Seventeen words, only two of them more than one syllable, yet how much they convey! That's usually how it is with Reader's Digest. The small and simple can be profound.

As chairman of a foundation to restore the Statue of Liberty, I've been making a lot of speeches lately. I try to keep them fairly short. I use small but vivid words: words like "hope" , "guts", "faith" and "dreams". Those are words that move people and say so much about the spirit of America.

Don't get me wrong. I'm not against using big words, when it is right to do so, but I have also learned that a small word can work a small miracle—if it's the right word, in the right place, at the right time. It's a "secret" that I hope I will never forget.

The passage is mainly about______.

A．one of the many old memories

B．using simple words to express profound ideas

C．Reader's Digest and school speeches

D．how to make effective speeches

We have escaped the battle field and now can, with modem guidance system on missies, touch virtually every square yard of the earth' s surface. It no longer involves only the military profession, but engulfs also entire civilian populations. Nuclear weapons have made major war un thinkable. We are forced, however, to think about the unthinkable because a thermonuclear war could come by accident or miscalculation. We must accept the paradox of maintaining a capacity to fight such a war so that we will never have to do so.

War has also lost most of its utility in achieving the traditional goals of conflict. Control of territory carries with it the obligation to provide subject people certain administrative, health, education, and other social services; such obligations far outweigh the benefits of control. If the ruled population is ethically or racially different from the rulers, tensions and chronic unrest often exist which further reduce the benefits and increase the costs of domination. Large populations no longer necessarily enhance state power and, in the absence of high levels of economic development, can impose severe burdens on food supply, jobs and the broad range of services expected of modem governments. The non economic security reasons for the control of territory have been progressively undermined by the advances of modem technology. The benefits of forcing another nation to surrender its wealth are vastly outweighed by the benefits of persuading that nation to produce and exchange goods and services. In brief, imperialism no longer pays.

Making war has been one of the most persistent of human activities in the 80 centuries since men and women settled in cities and became thereby "civilized", but the modernization of the past 80 years has fundamentally changed the role and function of war. In pre-modernized societies, successful warfare brought significant material rewards, the most obvious of which were the stored wealth of the defeated. Equally important was human labor--control over people as slaves or levies for the victor's army--and the productive capacity of agricultural lands and mines. Successful warfare also produced psychic benefits. The removal or destruction of a threat brought a sense of security, and power gained over others created pride and national self-esteem .

Welfare was also the most complex, broad-scale and demanding activity of pre-modernized people. The challenges of leading men into battle, organizing, moving and supporting armies, attracted the talents of the most vigorous , enterprising, intelligent and imaginative men in the society. "Warrior" and "Statesman" were usually synonymous, and the military was one of the few professions in which an able, ambitious boy of humble origin could rise to the top. In the broader cultural context, war was accepted in the premodernized society as a part of the human condition, a mechanism of change, and an unavoidable, even noble, aspect of life. The excitement and drama of war made it a vital part of literature and legends.

The primary purpose of the passage is to ______.

A．theorize about the role of the warrior statesman in pre-modernized society

B．explain the effects of war on both modernized and pre-modernized societies

C．Contrast the value of war in a modernized society with its value in per-modernized society

D．discuss the political and economic circumstances which lead to war in pre-modernized societies