(ii) On 1 July 2006 Petrie introduced a 10-year warranty on ..

第1题

（ii) Assuming the new structure is implemented with effect from 1 August 2006, calculate t

(ii) Assuming the new structure is implemented with effect from 1 August 2006, calculate the level of

management charge that should be made by Bold plc to Linden Limited for the year ended 31 July

2007, so as to minimise the group’s overall corporation tax (CT) liability for that year. (2 marks)

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第2题

（b) Misson has purchased goods from a foreign supplier for 8 million euros on 31 July 2006

(b) Misson has purchased goods from a foreign supplier for 8 million euros on 31 July 2006. At 31 October 2006,

the trade payable was still outstanding and the goods were still held by Misson. Similarly Misson has sold goods

to a foreign customer for 4 million euros on 31 July 2006 and it received payment for the goods in euros on

31 October 2006. Additionally Misson had purchased an investment property on 1 November 2005 for

28 million euros. At 31 October 2006, the investment property had a fair value of 24 million euros. The company

uses the fair value model in accounting for investment properties.

Misson would like advice on how to treat these transactions in the financial statements for the year ended 31

October 2006. (7 marks)

Required:

Discuss the accounting treatment of the above transactions in accordance with the advice required by the

directors.

(Candidates should show detailed workings as well as a discussion of the accounting treatment used.)

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第3题

A researcher predicted that moving a marine stickleback population to a freshwater environ

ment would result in an increase in the fraction of offspring with the low phenotype. Do the results of Study 1 support this prediction？

A.Yes, because the FCO for the low phenotype was about 0.13 greater in July 2007 than it was in September 2006.

B.Yes, because the FCO for the low phenotype was about 0.18 greater in July 2007 than it was in September 2006.

C.No, because the FCO for the low phenotype was about 0.21 less in July 2007 than it was in September 2006 .

D.No, because the FCO for the low phenotype was about 0.28 less in July 2007 than it was in September 2006.

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第4题

（iv) Tyre recently undertook a sales campaign whereby customers can obtain free car access

(iv) Tyre recently undertook a sales campaign whereby customers can obtain free car accessories, by presenting a

coupon, which has been included in an advertisement in a national newspaper, on the purchase of a vehicle.

The offer is valid for a limited time period from 1 January 2006 until 31 July 2006. The management are unsure

as to how to treat this offer in the financial statements for the year ended 31 May 2006.

(5 marks)

Required:

Advise the directors of Tyre on how to treat the above items in the financial statements for the year ended

31 May 2006.

(The mark allocation is shown against each of the above items)

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第5题

Manco has been experiencing substantial losses at its furniture making operation which is

treated as a separate operating segment. The company’s year end is 30 September. At a meeting on 1 July 2010 the directors decided to close down the furniture making operation on 31 January 2011 and then dispose of its non-current assets on a piecemeal basis. Affected employees and customers were informed of the decision and a press announcement was made immediately after the meeting. The directors have obtained the following information in relation to the closure of the operation:

(i) On 1 July 2010, the factory had a carrying amount of $3·6 million and is expected to be sold for net proceeds of $5 million. On the same date the plant had a carrying amount of $2·8 million, but it is anticipated that it will only realise net proceeds of $500,000.

(ii) Of the employees affected by the closure, the majority will be made redundant at cost of $750,000, the remainder will be retrained at a cost of $200,000 and given work in one of the company’s other operations.

(iii) Trading losses from 1 July to 30 September 2010 are expected to be $600,000 and from this date to the closure on 31 January 2011 a further $1 million of trading losses are expected.

Required:

Explain how the decision to close the furniture making operation should be treated in Manco’s fi nancial statements for the years ending 30 September 2010 and 2011. Your answer should quantify the amounts involved.

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第6题

On 1 July 2014 Bycomb acquired 80% of Cyclip’s equ

ity shares on the following terms:

–a share exchange of two shares in Bycomb for every three shares acquired in Cyclip; and

–a cash payment due on 30 June 2015 of $1·54 per share acquired (Bycomb’s cost of capital is 10% per annum).

At the date of acquisition, shares in Bycomb and Cyclip had a stock market value of $3·00 and $2·50 each respectively.

Required:

(a)Calculate the consolidated goodwill at the date of acquisition of Cyclip.

(b)Prepare extracts from Bycomb’s consolidated statement of profit or loss for the year ended 31 March 2015, for:Kaplow

(i)revenue;

(ii)cost of sales;

(iii)finance costs;

(iv)profit or loss attributable to the non-controlling interest.

On 1 July 2014 Bycomb acquired 80% of Cyclip’s equ

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第7题

Date: 3rd July, 2006To:All staffFrom: Terry TheacherSubject: Lecture on New TechnologyCont

Date: 3rd July, 2006

To:All staff

From: Terry Theacher

Subject: Lecture on New Technology

Content:

① a lecture on the latest technology and how we can expect it to affect our work given by Dr. Rhodes

② attendance will be counted toward staff development points required for the end of year uation

③ to sign up before Wednesday if you plan to come.

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第8题

On July 17,（)Queen Elizabeth II approved as a me－sex marriage bill.

A、2012

B、2013

C、2014

D、2015

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第9题

（c) Lamont owns a residential apartment above its head office. Until 31 December 2006 it w

(c) Lamont owns a residential apartment above its head office. Until 31 December 2006 it was let for $3,000 a

month. Since 1 January 2007 it has been occupied rent-free by the senior sales executive. (6 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 Lamont Co for the year ended

31 March 2007.

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

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第10题

根据法规2006修改通报第4篇第2-2章的规定，部分船舶应配备EEBD（紧急逃生呼吸装置)。某II类客船建造

根据法规2006修改通报第4篇第2-2章的规定，部分船舶应配备EEBD(紧急逃生呼吸装置)。某II类客船建造完工日期为2005年7月1日，于2007年4月5日安排进行换证检验，验船师登轮检验后发现该船未配有 EEBD，以下说法正确的是：

A.根据法规要求，该船不需要配备EEBD

B.根据法规要求，在2007年3月1日后的第一次检验配备EEBD，因此应结合本次检验配备

C.根据法规要求，在2008年3月1日后的第一次检验配备EEBD，因此，本次不必配备，可在下次检验时配备

D.以上都不正确

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（ii) On 1 July 2006 Petrie introduced a 10-year warranty on all sales of its entire range