When mentioning “the $4 million to $10 million range” (Lines 3-4, Paragraph 3) the author is talking about.A gold market.B real estate.C stock exchange.D venture investment.
题目
When mentioning “the $4 million to $10 million range” (Lines 3-4, Paragraph 3) the author is talking about.
A gold market.
B real estate.
C stock exchange.
D venture investment.
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参考答案和解析
更多“When mentioning “the $4 million to $10 million range” (Lines 3-4, Paragraph 3) the author is talking about.A gold market.B real estate.C stock exchange.D venture investment.”相关问题
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第1题：
3 You are the manager responsible for the audit of Lamont Co. The company’s principal activity is wholesaling frozen
fish. The draft consolidated financial statements for the year ended 31 March 2007 show revenue of $67·0 million
(2006 – $62·3 million), profit before taxation of $11·9 million (2006 – $14·2 million) and total assets of
$48·0 million (2006 – $36·4 million).
The following issues arising during the final audit have been noted on a schedule of points for your attention:
(a) In early 2007 a chemical leakage from refrigeration units owned by Lamont caused contamination of some of its
property. Lamont has incurred $0·3 million in clean up costs, $0·6 million in modernisation of the units to
prevent future leakage and a $30,000 fine to a regulatory agency. Apart from the fine, which has been expensed,
these costs have been capitalised as improvements. (7 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.
正确答案：
3 LAMONT CO
(a) Chemical leakage
(i) Matters
■ $30,000 fine is very immaterial (just 1/4% profit before tax). This is revenue expenditure and it is correct that it
has been expensed to the income statement.
■ $0·3 million represents 0·6% total assets and 2·5% profit before tax and is not material on its own. $0·6 million
represents 1·2% total assets and 5% profit before tax and is therefore material to the financial statements.
■ The $0·3 million clean-up costs should not have been capitalised as the condition of the property is not improved
as compared with its condition before the leakage occurred. Although not material in isolation this amount should
be adjusted for and expensed, thereby reducing the aggregate of uncorrected misstatements.
■ It may be correct that $0·6 million incurred in modernising the refrigeration units should be capitalised as a major
overhaul (IAS 16 Property, Plant and Equipment). However, any parts scrapped as a result of the modernisation
should be treated as disposals (i.e. written off to the income statement).
■ The carrying amount of the refrigeration units at 31 March 2007, including the $0·6 million for modernisation,
should not exceed recoverable amount (i.e. the higher of value in use and fair value less costs to sell). If it does,
an allowance for the impairment loss arising must be recognised in accordance with IAS 36 Impairment of Assets.
(ii) Audit evidence
■ A breakdown/analysis of costs incurred on the clean-up and modernisation amounting to $0·3 million and
$0·6 million respectively.
■ Agreement of largest amounts to invoices from suppliers/consultants/sub-contractors, etc and settlement thereof
traced from the cash book to the bank statement.
■ Physical inspection of the refrigeration units to confirm their modernisation and that they are in working order. (Do
they contain frozen fish?)
■ Sample of components selected from the non-current asset register traced to the refrigeration units and inspected
to ensure continuing existence.
■ $30,000 penalty notice from the regulatory agency and corresponding cash book payment/payment per the bank
statement.
■ Written management representation that there are no further penalties that should be provided for or disclosed other
than the $30,000 that has been accounted for. -
第2题：
What does the author mean by “most people are literally having a ZZZ” (Lines 2-3, Paragraph 5)?
A They are getting impatient.
B They are noisily dozing off.
C They are feeling humiliated.
D They are busy with word puzzles.
正确答案：B
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第3题：
Estimates _____ anywhere from 600 000 to 3 million. Although the figure may vary, analysts do agree on another mater: that the number of the homeless is increasing. One of the federal government’s studies predicts that the number of the homeless will reach nearly 19 million by the end of this decade.
[A] cover
[B] change
[C] differ
[D] range
正确答案：D
16. [D] 本句意思为“估计数字的范围大约从60万到300 万之间”，而 range from… to …这一句型正是表示“在……范围之内变化”的意思，故本题选[D]。[A] cover 虽然有“包含”之意，但 cover表示“覆盖”的面积、大小，不表示范围，故排除。[C] differ 主要强调不同，而本句并未强调不同，只是强调范围，故选择 range。 -
第4题：
How much on average is the European Tissue business worth a month?__________A.Around 8.5 billion euros
B.About 10 million dollars
C.About 708 million euros
D.Around 833 billion dollars答案：C解析：根据文章文章倒数第三段“The European tissue business is worth around 8．5 billion euros(10 billion dollars)annually…”，可知欧洲纸业每年产值85亿欧元，因此每月产值约为708百万欧元，故选C。 -
第5题：
The only city on the western coast which has a population of more than one million is（）
ADarwin
BPerth
Cthe Gold Coast
DBrisbane
B
略 -
第6题：
The only city on the western coast which has a population of more than one million is（）
- A、Darwin
- B、Perth
- C、the Gold Coast
- D、Brisbane
正确答案:B -
第7题：
单选题_____ the number in full-time employment fell by 2 million, the number of people inpart-time work doubled to over 4 million.AUnless
BUntil
CWhile
DSince
正确答案： B解析：
本题考查让步状语从句的用法。句意：尽管全职的就业人数减少了二百万，兼职的人数却翻了一番，超过了四百万。通过分析句意可知，主句和从句间为转折关系，应用while，故C项为正确答案。unless引导时间状语从句，表示“直到……时为止”，since可以引导原因状语从句，表示“既然”。 -
第8题：
问答题Passage 1 The cost of staging the year 2000 Olympics in Sydney is estimated to be a staggering $ 9 million, but (1) the city is preparing to the financial benefits that come from holding such an international event by equaling the commercial success of Los Angeles, the only city yet to have made a demonstrable profit from the Games in 1984. At precisely 4:20 a.m. on Friday the 24th of September 1993, it was announced that Sydney had beaten five other competing cities around the world, and Australians everywhere, not only Sydneysiders, were justifiably proud of the result. (2) But, if Sydney had lost the bid, would the taxpayers of New South Wales and of Australia have approved of governments spending millions of dollars in a failed and costly exercise? There may have been some consolation in the fact that the bid came in $ l million below the revised budget and $ 5 million below the original budget of $ 29 million formulated in mid-1991. However, the final cost was the considerable sum of $ 24 million, the bulk of which was paid for by corporate and community contributions, merchandising, licensing, and the proceeds of lotteries, with the NSW Government, which had originally been willing to spend up to $ 10 million, contributing some $ 2 million. (3) The Federal Government’s grant of $ 5 million meant, in effect, that the Sydney bid was financed by every Australian taxpayer. Prior to the announcement of the winning city, there was considerable debate about the wisdom of taking financial risks of this kind at a time of economic recession. (4) Others argued that 70% of the facilities were already in place, and all were on government-owned land, removing some potential areas of conflict which troubled previous Olympic bidders. The former NSW Premier, Mr. Nick Greiner, went on record as saying that the advantage of having the Games… “is not that you are going to have $ 7.4 billion in extra gross domestic product over the next 14 years.” (5) I think the real point is the psychological change, the gaining of confidence, apart from the other more obvious reasons, such as the building of sporting facilities, tourism, and things of that nature.正确答案： 1. 悉尼正在准备通过举办这样的国际盛会而收获同洛杉矶一样的经济利益,1984年的洛杉矶奥运会使洛杉矶成为举办奥运会以来获利最多的一个城市。
(reap“收获,获得”,demonstrable“可论证的,显而易见的”,后半句采用意译的方法,“the only city yet to have made a demonstrable profit from the Games in 1984”翻译为“1984年的洛杉矶奥运会使洛杉矶成为举办奥运会以来获利最多的一个城市”。)
2. 但是,如果悉尼申奥失败的话,新南威尔士州和澳大利亚的纳税人会同意政府花上百万美元在这一次失败而昂贵的演练上吗?
(lost the bid“投标失败”,这里指申奥失败,taxpayer“纳税人”,approve of“赞同,同意”,exercise在这里意义为“演练”更合适。)
3. 联邦政府批准的500万美元,实际上意味着悉尼申奥得到每位澳大利亚纳税人的经济支持。
(in effect“实际上”,grant of“扶助”,在这里意译为“批准”,be financed by“由…”资助。)
4. 其他人认为70%的奥运设施已经到位了,而且都处于政府所有的土地上,这就消除了困扰以前申奥城市的潜在地区冲突。
(government-owned“政府所有的”,areas of conflict“地区冲突”,remove“消除”,在该句末尾的bidder指代的是申奥的城市,所以不宜翻译为“投标者”。)
5. 我认为,举办奥运会除了能够带来一些显而易见的好处,比如,体育场馆的修建,旅游业的发展和此类事情之外,其真正的意义在于心理的变化,人们获得了自信。
(apart from“除了……”,obvious reasons在此处意译为“显而易见的好处”。)解析： 暂无解析 -
第9题：
单选题How many blind people should not have to suffer with medical knowledge and skills today?A14 million.
B42 million.
C28 million.
D200 million.
正确答案： D解析：
【文章大意】本文主要介绍ORBIS慈善机构可以帮助盲人重获光明，呼吁人们捐款来帮助贫困人民获得光明。
数字计算题。第一段第四句提到“With medical knowledge and skills today, two-thirds of the world’s 42 million blind people should not have to suffer”，因此4200万人中有三分之二无需忍受失明的痛苦，即2800万人(28 million)。故C项正确。 -
第10题：
单选题When the author wrote “KEXP did not release numbers” in Paragraph 4, he or she most probably meant that KEXP did not.Alabel the musical products with numbers
Bdisclose how many songs it ever recorded
Ctell the author how much it paid the lawyer
Dreveal how much it paid to each of the bands
正确答案： D解析：
细节题。“KEXP did not release numbers”出现在第四段倒数第二句，之前的内容提到KEXP邀请了14个来自西雅图的未签约的或小型的乐队来为播客创作歌曲，并且请了一位律师来起草了与这些乐队的一份简单合约。由此可以推断本句所描述的KEXP没有透露具体数字应该指的是支付给各乐队的报酬。故选D。 -
第11题：
单选题How much loss will the shutdown cause the government in royalties and taxes in a week?AAbout $44.8 million.
BAbout $2.8 million.
CAbout $28 million.
DAbout $4.48 million.
正确答案： C解析：
数字信息的找寻和判断。录音中指出油田的关闭导致每天损失40万桶油，以目前的油价来计算，也就意味着“the state is losing about $6.4 million a day in royalties and taxes”，即“该州每天损失大概$6. 4 million（640万美元），那么一周下来就会损失44. 8 million。因此选项A为正确答案。 -
第12题：
单选题The only city on the western coast which has a population of more than one million is（）ADarwin
BPerth
Cthe Gold Coast
DBrisbane
正确答案： C解析： 暂无解析 -
第13题：
(b) You are the audit manager of Petrie Co, a private company, that retails kitchen utensils. The draft financial
statements for the year ended 31 March 2007 show revenue $42·2 million (2006 – $41·8 million), profit before
taxation of $1·8 million (2006 – $2·2 million) and total assets of $30·7 million (2006 – $23·4 million).
You are currently reviewing two matters that have been left for your attention on Petrie’s audit working paper file
for the year ended 31 March 2007:
(i) Petrie’s management board decided to revalue properties for the year ended 31 March 2007 that had
previously all been measured at depreciated cost. At the balance sheet date three properties had been
revalued by a total of $1·7 million. Another nine properties have since been revalued by $5·4 million. The
remaining three properties are expected to be revalued later in 2007. (5 marks)
Required:
Identify and comment on the implications of these two matters for your auditor’s report on the financial
statements of Petrie Co for the year ended 31 March 2007.
NOTE: The mark allocation is shown against each of the matters above.
正确答案：
(b) Implications for auditor’s report
(i) Selective revaluation of premises
The revaluations are clearly material to the balance sheet as $1·7 million and $5·4 million represent 5·5% and 17·6%
of total assets, respectively (and 23·1% in total). As the effects of the revaluation on line items in the financial statements
are clearly identified (e.g. revalued amount, depreciation, surplus in statement of changes in equity) the matter is not
pervasive.
The valuations of the nine properties after the year end provide additional evidence of conditions existing at the year end
and are therefore adjusting events per IAS 10 Events After the Balance Sheet Date.
Tutorial note: It is ‘now’ still less than three months after the year end so these valuations can reasonably be expected
to reflect year end values.
However, IAS 16 Property, Plant and Equipment does not permit the selective revaluation of assets thus the whole class
of premises would need to have been revalued for the year to 31 March 2007 to change the measurement basis for this
reporting period.
The revaluation exercise is incomplete. Unless the remaining three properties are revalued before the auditor’s report on
the financial statements for the year ended 31 March 2007 is signed off:
(1) the $7·1 revaluation made so far must be reversed to show all premises at depreciated cost as in previous years;
OR
(2) the auditor’s report would be qualified ‘except for’ disagreement regarding non-compliance with IAS 16.
When it is appropriate to adopt the revaluation model (e.g. next year) the change in accounting policy (from a cost model
to a revaluation model) should be accounted for in accordance with IAS 16 (i.e. as a revaluation).
Tutorial note: IAS 8 Accounting Policies, Changes in Accounting Estimates and Errors does not apply to the initial
application of a policy to revalue assets in accordance with IAS 16.
Assuming the revaluation is written back, before giving an unmodified opinion, the auditor should consider why the three
properties were not revalued. In particular if there are any indicators of impairment (e.g. physical dilapidation) there
should be sufficient evidence on the working paper file to show that the carrying amount of these properties is not
materially greater than their recoverable amount (i.e. the higher of value in use and fair value less costs to sell).
If there is insufficient evidence to confirm that the three properties are not impaired (e.g. if the auditor was prevented
from inspecting the properties) the auditor’s report would be qualified ‘except for’ on grounds of limitation on scope.
If there is evidence of material impairment but management fail to write down the carrying amount to recoverable
amount the auditor’s report would be qualified ‘except for’ disagreement regarding non-compliance with IAS 36
Impairment of Assets.
-
第14题：
By saying "Newspapers like ... their own doom" (Lines 3-4, Para. 1), the author indicates that newspaper______.
A．neglected the sign of crisis
B．failed to get state subsidies
C．were not charitable corporations
D．were in a desperate situation
正确答案：D
解析：细节题。题干中的“Newspapers like…their own doom”定位在第一段第四句，该句用San Francisco Chronicle举例说明报业存在的问题。第一段的第一句论述了报业消亡到底是怎么回事。后面的第二、三、四、五句都是具体解释说明报业所遇到的困境。因此作者举例的目的是说明报业所处的困境。 -
第15题：
By mentioning the experiment in the second paragraph，the author implies that______.（ ）
[A]our definition of what’s normal varies with gender
[B]our focus of attention variesl with gender and age
[C]our definition of what’s average changes over time
[D]our focus of attention is distracted when interfered
正确答案：C
作者提及第二段的实验是为了暗示 ______ 。
[A]我们对于平均标准面孔的定义因性别而不同
[B]我们的关注点随性别和年龄而改变
[C]我们对于平均标准面孔的定义会随时间而改变
[D]我们的关注点在受到干扰的时候会被转移
答案解析：[C]事实细节题。第二段首句是对首段的总结，起到承上启下的过渡作用，接下来第二句提出一个新观点：标准可以迅速地改变，然后以一个面孔展示实验为例来证明此观点，这是英文典型的行文脉络：提出观点→进行论述。[c]与该段观点内容一致，故为答案。本段主旨与性别无关，排除[A]和[B]。这里没有提到关注点在受到干扰的情况下如何发生变化，排除[D]。 -
第16题：
With computer users linker to the Internet growing ( ) every year, business is trying to cash in on the worldwide network.
A. at million B. with a million
C. with one million D. by the million答案：D解析： -
第17题：
The government is spending（）on railways.
- A、millions of dollars
- B、million of dollars
- C、millions of dollar
- D、million dollars
正确答案:A -
第18题：
单选题In his study on the failures of the American educational system, Professor Harris states that over two million high school seniors in this country are functionally illiterate, and at least as much as four million others cannot read at an eighth-grade level.Aat least as much as four million others cannot
Bat least as many as four million and more cannot
Cmore than four million of other students are unable to
Dthere was at least four million other students unable to
Emore than four million others cannot
正确答案： E解析：
A中much的使用错误；B中“many”和“at least as many as…and more”重复；C项不符合习惯表达；D项中was与主语单复数不一致，故本题选项E项。 -
第19题：
单选题How many African elephants were there in 1979?AAbout 10 million,
BAbout 9 million,
CAbout 1 million,
DAbout 600,000.
正确答案： C解析：
根据“500 years ago 10 million elephants roamed the African continent. By 1979, about 9 million had disappeared.”可知，五百年前一千万头大象在非洲大陆上漫步，1979年大约九百万头大象消失，所以1979年还有一百万头大象。 -
第20题：
单选题Supposing 1 million leukemia cells were killed after 24 hours of exposure to radio waves, how many healthy cells would be killed under the same condition?A1.2 million.
B1.4 million.
C0.8 million.
D2 million.
正确答案： D解析：
数字的找寻和判断。录音中提到“In the Italian study, after 24 hours 20 percent mole leukemia cells died than healthy cells but longer exposure to the radio waves triggered…”，可知暴露在无线电波之下24小时，被杀死的白血病细胞比正常细胞数量多出20%。也就是说，如果有1 million（100万）个白血病细胞被杀死，同时也有0.8 million（80万）的正常细胞被杀死。因此选C。 -
第21题：
单选题What does the author mean by “most people are literally having a ZZZ” (Lines 2-3, Paragraph 5)?AThey are getting impatient.
BThey are noisily dozing off.
CThey are feeling humiliated.
DThey are busy with word puzzles.
正确答案： A解析：
第五段开头承接上文：这样的影响还在继续，在大学毕业典礼上，名字以ABC开头的同学很快拿到了奖状，但是轮到名叫Zysman的学生时，大多数人都在划ZZZ。最后得出结论：所有的名单都是按字母顺序排列的，拿到材料的人看到最后都没有什么兴趣了。因此ZZZ的意思是“大多数人早已经打瞌睡了”，故选B。 -
第22题：
单选题Mortgage and other financing income decreased $8.8 million to $18.8 for the year ended December 31, 2006.The income in 2006 was reducedAto $ 8.8 million.
Bto $18.8 million.
Cfrom $18.8 million to $8.8 million.
正确答案： A解析：
正确理解“decrease…”和“decrease to…”是本题解题的关键。前者的意思是“减少了…”，后者的意思是“减少到…”。根据原文可以知道“截止到2006年12月31日，抵押借款和其他融资收益减少了880万美元，是1880万美元”。所以，选项B正确。 -
第23题：
单选题When mentioning “the ongoing stock market on Wall Street”, the writer ______.Ais calling attention to the privileges to which baby-boomers are entitled
Bis calling for the government to take countermeasures against labor shortage
Cis refuting a notion about experienced workers ‘early retirement
Dis justifying the ineffectiveness of federal tax and benefit policies
正确答案： A解析：
细节理解题。答案出自第四段，本段先指出提议:…they disagree with the popular proposal that much older Americans will have to work because Social Security will not support them and that baby boomers are not saving enough for retirement，然后讲出不同意该提议的理由：…the ongoing stock market on Wall Street, and the likelihood of large inheritances, there is evidence that baby boomers will reach age 65 with greater financial assets than previous generations.