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does anyone remember the answer to mcq wich askd current lease liability with the effective interest q. ?
nd also devp exp mcq was weird. wat is the right answer? da one with 4 different projects.
Does anyone remember ias15 Revenue from contracts was it last two option(Mcq)
In Mcq there was a question of associate 18%,20% share and so on
What is the answer please??@ami12 said:
does anyone remember the answer to mcq wich askd current lease liability with the effective interest q. ?Is it about finance lease
I chose first option
Yes. The finance lease wid payments made in arrears.
Ya, I chose the first option too@pinkyjovin123 said:
Does anyone remember ias15 Revenue from contracts was it last two option(Mcq)In Mcq there was a question of associate 18%,20% share and so on
What is the answer please??I chose … 21% with many people having shares
@yentam said:
I can’t remember which I put but another option was 22%? but with one big shareholder. why is that one not right?I thought it would make him an NCI.
@yentam said:
1. Q Length of cash cycle – A 113 days
2. Q LSAB advisory committee – A appoints advisory committee ?
3. Q Finance lease calculation with payment in arrears – A 1496
4. Q What leads to impairment – A Adverse changes in economic conditions
5. Q Acquire company, which info irrelevant – A Employees or directors info
6. Q Which of the following increases equity – A Options 2 and 5
7. Q where one of the answers was ‘Interest not included in carrying value of obligation ‘
8. Q Related to materiality – A Nature and magnitude –
9. Q Provide for – A legal action chance of loosing 50% and environmental cleanup
10. Q subsidiary must prepare additional statements unless it is umpractical to do so A?
11. Q 5th one to reduce gearing selling at carrying amount and rent back as operating lease A?
12. Q involved admin expenses 3% and selling costs 2% – A take the PV of cashflows less the selling costs
13. Q error for receivables in the prior year? A i think it was redo the comparitives and adjust retained earnings
14. Q 2 columns: balance at 1 jan and expenditure for 2nd column
15. Q for mcq about Government Grant. A 8m
16. Q Mcq there was a question of associate 18%,20% share and so on
A – 21% with many people having sharesFeel free to amend or add to the list! Hope it makes sense because I typed this in 5 mins
what is the answer to the 14th Q you wrote ? Devp expenditure Q. I don’t know the answer to it? Do you?
@yentam said:
1. Q Length of cash cycle – A 113 days
2. Q LSAB advisory committee – A appoints advisory committee ?
3. Q Finance lease calculation with payment in arrears – A 1496
4. Q What leads to impairment – A Adverse changes in economic conditions
5. Q Acquire company, which info irrelevant – A Employees or directors info
6. Q Which of the following increases equity – A Options 2 and 5
7. Q where one of the answers was ‘Interest not included in carrying value of obligation ‘
8. Q Related to materiality – A Nature and magnitude –
9. Q Provide for – A legal action chance of loosing 50% and environmental cleanup
10. Q subsidiary must prepare additional statements unless it is umpractical to do so A?
11. Q 5th one to reduce gearing selling at carrying amount and rent back as operating lease A?
12. Q involved admin expenses 3% and selling costs 2% – A take the PV of cashflows less the selling costs
13. Q error for receivables in the prior year? A i think it was redo the comparitives and adjust retained earnings
14. Q 2 columns: balance at 1 jan and expenditure for 2nd column
15. Q for mcq about Government Grant. A 8m
16. Q Mcq there was a question of associate 18%,20% share and so on
A – 21% with many people having sharesFeel free to amend or add to the list! Hope it makes sense because I typed this in 5 mins
What was the answer of 7th one you wrote if something was related to operating lease and finance lease and it had only two options .
I chose first one..What is yours????
Also do you remember this MCQ with options like :
Both 1&2
1 only
2 only
neither 1 nor 2what is the right answer ??
Ami 12 sorry.There was four options.the question was if finance lease was treated as an operating lease.sonething like that….
I chose 1st one something about liability understated.
@ami12 said:
Also do you remember this MCQ with options like :
Both 1&2
1 only
2 only
neither 1 nor 2what is the right answer ??
I chose one only
@hannah123uk said:
I thought you weren’t supposed to include the inventory note for that part of the question? You were only supposed to look at notes ‘ii’ and ‘iv’?It said from II to IV, including III
After all, closing inventory is part of COS, so it does affect Profit…
MCQ about Financial Lease Current Portion.
7100
+335(7100*0.05)
-2000
5455 (balance)
+272.75 (5455*0.05)
-2000
3727.75(balance)current portion 1727.25 (5455-3727.75)
Is it Correct?
There was question on intangible assets being revalued… does any1 remember the ans ?
in the Q, they gave a few different assets like customer list was revalued to this amount… they purchased some licence and stuff.
@ami12 said:
There was question on intangible assets being revalued… does any1 remember the ans ?in the Q, they gave a few different assets like customer list was revalued to this amount… they purchased some licence and stuff.
Is this MCq???
@ami12 said:
Yes an MCQ ! Remember it ?Noooo.What about the Mcq 1 only
Two only
Both one and two
Neither of themWhich you chose
@ami12 said:
I chose both :/ Do you remember the two options in that Q ?First option was something like liability understated and second one carrying value does include the interest so and so
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