Which of the following best describe the impact of the revaluation on the 2011 financial statements?
A.€6.5million charge to net income.
B.€6.5million charge to revaluation surplus.
C.€4.5million charge to revaluation surplus and €2.0 million charge to net income.
第1题
et X will not be recovered.The following information for Asset X is available:
In accordance with IFRS, the amount of the write-down is closest to:
A.$24,346.
B.$24,465.
C.$47,428.
第2题
sets activity for the fiscal year ended June 30, 2004 ($million):
Assuming the firm uses straight line depreciation, the average age and the average depreciable life of Bao’s fixed assets are closest to:
A.7 years for average age and 20 years for average depreciable life.
B.6 years for average age and 14 years for average depreciable life.
C.6 years for average age and 20 years for average depreciable life.
第3题
in the process of developing a more efficient production process for one of its primary products.The most appropriate accounting treatment for the costs incurred in the project is to:
A.expense all cost as incurred.
B.capitalize costs directly related to the development.
C.expense costs until technical feasibility has been established.
第4题
0.At that time they estimated its useful life to be 10 years and its salvage value to be $10,000.During 2011, it became apparent that the equipment was wearing our more quickly than they had originally estimated.It now appeared that its useful life would only be 6 years in total.If Bao Limited uses the straight-line method for depreciation and has a policy of only taking one-half year’s depreciation in the year of acquisition, the depreciation expense on this piece of equipment for 2011 will be closest to:
A.$48,000.
B.$51,000.
C.$53,125.
第5题
fects on a company’s financial ratios?
A.Lower interest coverage ratio.
B.Lower debt-to-equity ratio.
C.Higher asset turnover ratio.
第6题
east annually:
A.Property, plant and equipment.
B.Intangible assets with finite live.
C.Intangible assets with indefinite lives.
第7题
estimated salvage value and useful life will most likely produce the highest net profit margin?
A.low salvage value estimates and long average lives.
B.high salvage value estimates and long average lives.
C.high salvage value estimates and short average lives.
第8题
ue and the present value of its expected cash flow should be written down immediately and:
A.reported as an operating loss.
B.charged directly against retained earnings.
C.reported as non-operating loss in other comprehensive income.
第9题
A company that capitalizes costs instead of expensing them will have:
A.higher income variability and higher cash flows from operations.
B.lower cash flows from investing and lower income variability.
C.lower cash flows from operations and higher profitability in early years.
第10题
software application it hopes to sell and $90,000 of costs to develop the application.West Company incurs $110,000 of research costs related to a new product and $90,000 of development costs for the product.If East reports under U.S.GAAP and West reports under IFRS, these projects will:
A.increase East’s total assets more the West’s total assets.
B.increase West’s total assets more the West’s total assets.
C.have the same effects on East’s and West’s total assets.
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