18 How should interest charged on partners’ drawings appear in partnership financial statements?
A As income in the income statement
B Added to net profit and charged to partners in the division of profit
C Deducted from net profit and charged to partners in the division of profit
D Deducted from net profit in the division of profit and credited to partners
第1题:
17 A business income statement for the year ended 31 December 2004 showed a net profit of $83,600. It was later
found that $18,000 paid for the purchase of a motor van had been debited to motor expenses account. It is the
company’s policy to depreciate motor vans at 25 per cent per year, with a full year’s charge in the year of acquisition.
What would the net profit be after adjusting for this error?
A $106,100
B $70,100
C $97,100
D $101,600
第2题:
ORGANIZING A BUSINESS IN DIFFERENT WAYS Businesses are structured in different ways to meet different needs. The simplest form. of business is called an individual or sole proprietorship. The proprietor owns all of the property of the business and is responsible for everything. Another kind of business is a partnership. Two or more people go into business together. An agreement is usually needed to decide how much of the partnership each person controls. One kind of partnership is called a limited liability partnership. These have full partners and limited partners. Limited partners may not share as much in the profits, but they also have less responsibility for the business. Doctors, lawyers and accountants often form. partnerships to share their risks and profits. A husband and wife can form. a business partnership together. Partnerships exist only for as long as the owners remain alive. The same is true of individual proprietorships. But corporations are designed to have an unlimited lifetime. A corporation is the most complex kind of business organization. Corporations can sell stock as a way to raise money. Stocks represent shares of ownership in a company. Investors who buy stock can trade their shares or keep them as long as the company is in business. A corporation is recognized as an entity-its own legal being, separate from its owners. A board of directors controls corporate policies. The directors appoint top company officers. The directors might or might not hold shares in the corporation. Corporations can have a few major shareholders, or ownership can be spread among the general public. But not all corporations are traditional businesses that sell stock. Some non-profit groups are also organized as corporations.
1. This passage is mainly about ().
A. why different forms of business run
B. when different forms of business raise money
C. how different forms of business are organized
2. What is usually needed to decide the portion of the partnership each person controls?()
A. A rule.
B. An agreement.
C. A regulation.
3. Who are not included in limited liability partnerships?()
A. Full partners.
B. Limited partners.
C. Unlimited partners.
4. How can corporations raise money?()
A. By selling stock.
B. By buying stock.
C. By holding corporation shares.
5. Who controls corporate policies in a corporation?()
A. Chairman of the board.
B. A board of directors.
C. The owner of the corporation.
第3题:
听力原文:M: What margins will the lending bank charge?
W: Margins mainly depend on these factors: evaluation of credit risk, maturity of credit, and the starting point from which onwards the rate of interest shall be firm.
Q: How many factors do margins charged by the lending bank mainly depend on?
(12)
A.Four.
B.Two.
C.Three.
D.Five.
第4题:
A、Annual income
B、operation profit
C、return on sales
D、net profit
第5题:
The other main source of revenue for a bank is fee income, or called ______ income.
A.interest
B.commission
C.service
D.net
第6题:
From the functional income statement we can see clearly the total revenue, total cost and the gross profit etc.
A.Right
B.Wrong
C.Doesn't say
第7题:
During inflationary periods, the use of the LIFO method of costing inventory will result in a greater amount of net income than would result from the use of the FIFO method.()
第8题:
Which of the following statements relating to internal and external auditors is correct?
A.Internal auditors are required to be members of a professional body
B.Internal auditors’ scope of work should be determined by those charged with governance
C.External auditors report to those charged with governance
D.Internal auditors can never be independent of the company
A is incorrect as internal auditors are not required to be members of any professional body. C is incorrect as external auditors report to shareholders rather than those charged with governance. D is incorrect as internal auditors can be independent of the company, if, for example, the internal audit function has been outsourced.
第9题:
Which of the following statements is FALSE concerning the proper procedure in handling a fire hose ________.
A.A 1.5 inch hose should be deployed with a minimum of a nozzleman and hoseman
B.Back-up hosemen should be positioned wherever the hose makes a significant turn
C.The fire hose should be partially charged before deploying it from the fire station
D.The nozzleman should always hold the nozzle with one hand on top,to prevent kickback
第10题:
利润分配表(Income Statementand Profit Appropriation)ISPA
第11题:
第12题:
第13题:
(ii) From the information provided above, recommend the matters which should be included as ‘findings
from the audit’ in your report to those charged with governance, and explain the reason for their
inclusion. (7 marks)
第14题:
A. how do you know it?
B. why do you say so?
C. what do you mean by that?
第15题:
A、Annual income
B、operation profit
C、annual turnover
D、net profit
第16题:
此题为判断题(对,错)。
第17题:
______ shows that net income for a specified period of time and how it was calculated.
A.The accounting statement
B.The capital statement
C.The income statement
D.The statement of financial condition
第18题:
A.net income is understated
B.net income is overstated
C.merchandise inventory reported on the balance sheet is overstated
D.cost of merchandise sold is understated
第19题:
If ending inventory for the year is understated, net income for the year is overstated.()
第20题:
A.free partners from design tasks, which increases profitability
B.focus on the prepare phase of thecisco lifecycle services model, which maximizes revenue
C.enable partners to increase professional services revenue by providing A complete, integrated solution for midsize firms and SMBs
D.highlight additional point products that the customer may want
第21题:
第22题:
How do smart business architecture selling tools help partners increase sales?()
第23题:
The ice-skating partners, who were never finishing higher than seventh place,
The ice-skating partners, who had never finished higher than seventh place,
Having never finished higher than seventh place as ice-skating partners,
The ice-skating partners never finished higher than seventh place,
Never finishing higher than seventh place, the skating partners has