题目内容
（请给出正确答案）
A、139 days
B、175 days
C、758 days
D、958 days
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（由简答题聘请的专业题库老师提供的解答）
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更多“The draft financial statements of T Co show the followin g information: $’000 Revenue 420”相关的问题
A、Bill of Exchange
B、Invoice
C、Cheque
D、Draft
A.draft
B.drive
C.check
D.over-draft
A. promissory notes
B. bills of lading
C. checks
D. draft
The draft financial statements of a limited liability company are under consideration. The accounting treatment of the following material events after the reporting period needs to be determined. 1 The bankruptcy of a major customer, with a substantial debt outstanding at the end of the reporting period 2 A fire destroying some of the company's inventory (the company's going concern status is not affected) 3 An issue of shares to finance expansion 4 Sale for less than cost of some inventory held at the end of the reporting period According to IAS 10 Events after the reporting period, which of the above events require an adjustment to the figures in the draft financial statements？
A、1 and 4 only
B、1, 2 and 3 only
C、2 and 3 only
D、2 and 4 only
A、Increase both current assets and net assets.
B、Increase current assets and reduce net assets.
C、Reduce current assets and increase net assets.
D、Increase net assets but leave net assets unchanged.
A、Publication of an Exposure Draft
B、Establishment of an Advisory Committee
C、Consultation with the Advisory Committee
D、Issue of a final IFRS
(22)
A．The editor in chief didn't know that the figures were accurate.
B．The editor in chief expressed doubt about the accuracy of the figures.
C．The editor in chief questioned the reporter about the accuracy of his article.
D．The editor in chief had telephoned someone and requested for a draft report.
(b) You are the audit manager of Johnston Co, a private company. The draft consolidated financial statements for
the year ended 31 March 2006 show profit before taxation of $10·5 million (2005 – $9·4 million) and total
assets of $55·2 million (2005 – $50·7 million).
Your firm was appointed auditor of Tiltman Co when Johnston Co acquired all the shares of Tiltman Co in March
2006. Tiltman’s draft financial statements for the year ended 31 March 2006 show profit before taxation of
$0·7 million (2005 – $1·7 million) and total assets of $16·1 million (2005 – $16·6 million). The auditor’s
report on the financial statements for the year ended 31 March 2005 was unmodified.
You are currently reviewing two matters that have been left for your attention on the audit working paper files for
the year ended 31 March 2006:
(i) In December 2004 Tiltman installed a new computer system that properly quantified an overvaluation of
inventory amounting to $2·7 million. This is being written off over three years.
(ii) In May 2006, Tiltman’s head office was relocated to Johnston’s premises as part of a restructuring.
Provisions for the resulting redundancies and non-cancellable lease payments amounting to $2·3 million
have been made in the financial statements of Tiltman for the year ended 31 March 2006.
Required:
Identify and comment on the implications of these two matters for your auditor’s reports on the financial
statements of Johnston Co and Tiltman Co for the year ended 31 March 2006. (10 marks)
The trainee accountant at Judd Co has forgotten to make an accrual for rent for December in the financial statements for the year ended 31 December 20X2. Rent is charged in arrears at the end of February, May, August and November each year. The bill payable in February is expected to be $30,000. Judd Co’s draft statement of profit or loss shows a profit of $25,000 and draft statement of financial position shows net assets of $275,000. What is the profit or loss for the year and what is the net asset position after the accrual has been included in the financial statements？
A、Profit for the year Net asset position $15,000 $265,000
B、Profit for the year Net asset position $15,000 $285,000
C、Profit for the year Net asset position $35,000 $265,000
D、Profit for the year Net asset position $35,000 $285,000
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