Assignment OAES Entry
Pick An Answer For Each Question:
Q6-1: Accounting standards reflect
Question 1 options:
How a accurate aggregation standardizes its banking statements from year to year
Laws that administer how banking statements are presented
The basal attempt about accustomed by the accounting profession
A accord amid all-embracing and USA standard-setting agencies
Q6-2: The IASB’s Framework for the Preparation and Presentation of Banking Statements is mostly anxious with:
Question 2 options:
The architecture of banking statements
The ambience of accounting standards
Satisfying shareholders’ demands for advice
The definition, acceptance and altitude of the elements in banking statements
Q6-3: A business has the afterward balances in its banking records: Income tax £30,000; Selling & administering costs £80,000; Revenue £350,000; Interest costs £15,000; Amount of Sales £190,000. Which of the afterward is correct?
Question 3 Options:
Gross accumulation £160,000; Operating accumulation £80,000; Net accumulation afterwards tax £35,000
Gross accumulation £80,000; Operating accumulation £65,000; Net accumulation afterwards tax £35,000
Gross accumulation £160,000; Operating accumulation £65,000; Net accumulation afterwards tax £30,000
Gross accumulation £80,000; Operating accumulation £65,000; Net accumulation afterwards tax £35,000
Q6-4: Which of the afterward expresses the accounting blueprint correctly?
Question 4 Options:
Net assets = non-current assets beneath non-current liabilities
Equity = assets additional liabilities
Total assets = liabilities beneath disinterestedness
Net assets = absolute assets beneath absolute liabilities
Q6-5: The afterward items arise in a Statement of Banking Position: Receivables €200,000; Payables €350,000; Account €100,000; Non-current assets €750,000; Long appellation accommodation €400,000. Shareholders’ funds (SH Equity) would be apparent in the aforementioned Statement of Banking Position as:
Question 5 Options:
€1,050,000
€300,000
€650,000
€750,000
Q6-6: ABC buys a abate aggregation XYZ for a adjourned amount of £1 million. XYZ's assets are admired at £750,000. Assuming amicableness is amortized over 5 years, the amount of amicableness in ABC’s Statement of Banking Position at the end of the third year afterwards accretion will be:
Question 6 Options:
£100,000
£300,000
£150,000
£400,000
Q6-7: Agency approach is predominantly anxious with:
Question 7 Options:
Shareholders appointing agents to administer the business
Directors advancing affairs for assorted business functions
Managers appointing agents to backpack out assorted business functions
Contractual relationships amid shareholders and admiral and managers
Q7-1: The aberration amid ROI and ROCE ratios is due to:
Question Options:
Interest, tax and abiding debt
Tax and shareholders’ funds
Long-term debt and shareholders’ funds
Interest and abiding debt
Q7-2: Use the afterward advice extracted from ABC’s Income Statement and Balance area and bout the account with the actual calculation.
Sales £4,200,000; Gross accumulation £2,700,000; Receivables £630,000; Payables £275,000; Account £300,000. ABC calculates its banking ratios based on actuality accessible for business 6 canicule per anniversary for 50 weeks per year.
45 123 1. ABC’s days’ sales outstanding
55 123 2. ABC's Account about-face
5 123 3.ABC’s days’ payables outstanding
Q7-3: A aggregation has basic active of €1,000,000 and generates a accumulation afterwards tax of €300,000. The change in acknowledgment on advance amid a Balance Area with 60% debt and one with 40% debt is:
Question Options:
From 43% to 60%
From 75% to 50%
From 50% to 75%
From 60% to 43%
Q7-4: A business has accepted assets of $35,000 and accepted liabilities of $20,000. It collects its receivables added bound and uses $10,000 of its banknote at coffer to accord a abiding debt. The aftereffect on the alive basic arrangement afterwards the abiding debt is repaid is to:
Question Options:
Increase from 175% to 250%
Increase from 175% to 350%
Decrease from 175% to 150%
Decrease from 175% to 125%
Q8-1: Account is admired in a Balance Area (Statement of Banking Position) at:
Question Options:
Selling amount
Cost amount
Net accessible amount
Lower of amount and net accessible value
Q8-2: In a accomplishment business, the achievement of assembly after-effects in the afterward breeze of costs for inventory:
Question Options:
Decrease raw abstracts and access accomplished appurtenances
Decrease assignment in advance and access amount of sales
Decrease assignment in advance and access accomplished appurtenances
Decrease accomplished appurtenances and access amount of sales
Q8-3: A business purchases account banal on four abstracted occasions. Purchased 3,500 units at a absolute amount of €8,050; Purchased 3,000 units at a absolute amount of €7,110; Purchased 4,000 units at a absolute amount of €9,600; and Sold 5,995 units at a absolute amount of €24,760. Each acquirement was completed in the adjustment provided aural the aforementioned period. Bout the account adjustment with the actual amount of sales and the actual amount of inventory.
Question Options:
€13,963 1234
€4,082 1234
€3,896.75 1234
€14,148.20 1234
1. weighted boilerplate adjustment for amount of sales
2. first in-first out adjustment for amount of sales
3. weighted boilerplate adjustment for the amount of inventory
4. first in-first out adjustment for the amount of inventory
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