This website may contain links to other websites ____ privacy practices may be different from ours.A、thatB、whichC、whoD、whose

题目
This website may contain links to other websites ____ privacy practices may be different from ours.

A、that

B、which

C、who

D、whose

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1.3 (a) Leigh, a public limited company, purchased the whole of the share capital of Hash, a limited company, on 1 June2006. The whole of the share capital of Hash was formerly owned by the five directors of Hash and under theterms of the purchase agreement, the five directors were to receive a total of three million ordinary shares of $1of Leigh on 1 June 2006 (market value $6 million) and a further 5,000 shares per director on 31 May 2007,if they were still employed by Leigh on that date. All of the directors were still employed by Leigh at 31 May2007.Leigh granted and issued fully paid shares to its own employees on 31 May 2007. Normally share options issuedto employees would vest over a three year period, but these shares were given as a bonus because of thecompany’s exceptional performance over the period. The shares in Leigh had a market value of $3 million(one million ordinary shares of $1 at $3 per share) on 31 May 2007 and an average fair value of$2·5 million (one million ordinary shares of $1 at $2·50 per share) for the year ended 31 May 2007. It isexpected that Leigh’s share price will rise to $6 per share over the next three years. (10 marks)Required:Discuss with suitable computations how the above share based transactions should be accounted for in thefinancial statements of Leigh for the year ended 31 May 2007.

2.(b) Router has a number of film studios and office buildings. The office buildings are in prestigious areas whereasthe film studios are located in ‘out of town’ locations. The management of Router wish to apply the ‘revaluationmodel’ to the office buildings and the ‘cost model’ to the film studios in the year ended 31 May 2007. At presentboth types of buildings are valued using the ‘revaluation model’. One of the film studios has been converted to atheme park. In this case only, the land and buildings on the park are leased on a single lease from a third party.The lease term was 30 years in 1990. The lease of the land and buildings was classified as a finance lease eventhough the financial statements purport to comply with IAS 17 ‘Leases’.The terms of the lease were changed on 31 May 2007. Router is now going to terminate the lease early in 2015in exchange for a payment of $10 million on 31 May 2007 and a reduction in the monthly lease payments.Router intends to move from the site in 2015. The revised lease terms have not resulted in a change ofclassification of the lease in the financial statements of Router. (10 marks)Required:Discuss how the above items should be dealt with in the group financial statements of Router for the year ended31 May 2007.

3.(b) The marketing director of CTC has suggested the introduction of a new toy ‘Nellie the Elephant’ for which thefollowing estimated information is available:1. Sales volumes and selling prices per unitYear ending, 31 May 2009 2010 2011Sales units (000) 80 180 100Selling price per unit ($) 50 50 502. Nellie will generate a contribution to sales ratio of 50% throughout the three year period.3. Product specific fixed overheads during the year ending 31 May 2009 are estimated to be $1·6 million. Itis anticipated that these fixed overheads would decrease by 10% per annum during each of the years ending31 May 2010 and 31 May 2011.4. Capital investment amounting to $3·9 million would be required in June 2008. The investment would haveno residual value at 31 May 2011.5. Additional working capital of $500,000 would be required in June 2008. A further $200,000 would berequired on 31 May 2009. These amounts would be recovered in full at the end of the three year period.6. The cost of capital is expected to be 12% per annum.Assume all cash flows (other than where stated) arise at the end of the year.Required:(i) Determine whether the new product is viable purely on financial grounds. (4 marks)

4.(b) On 31 May 2007, Leigh purchased property, plant and equipment for $4 million. The supplier has agreed toaccept payment for the property, plant and equipment either in cash or in shares. The supplier can either choose1·5 million shares of the company to be issued in six months time or to receive a cash payment in three monthstime equivalent to the market value of 1·3 million shares. It is estimated that the share price will be $3·50 inthree months time and $4 in six months time.Additionally, at 31 May 2007, one of the directors recently appointed to the board has been granted the right tochoose either 50,000 shares of Leigh or receive a cash payment equal to the current value of 40,000 shares atthe settlement date. This right has been granted because of the performance of the director during the year andis unconditional at 31 May 2007. The settlement date is 1 July 2008 and the company estimates the fair valueof the share alternative is $2·50 per share at 31 May 2007. The share price of Leigh at 31 May 2007 is $3 pershare, and if the director chooses the share alternative, they must be kept for a period of four years. (9 marks)Required:Discuss with suitable computations how the above share based transactions should be accounted for in thefinancial statements of Leigh for the year ended 31 May 2007.

更多“This website may contain links to other websites ____ privacy practices may be different from ours. ”相关问题

  • 第1题：

    Our tradition ______ be different _____ yours.

    A、can;with

    B、must;with

    C、need;as

    D、may;from


    正确答案:D

  • 第2题：

    37． —There's somebody at the door．_________ it be Jim?

    —No ,It __________be him． It's just seven o'clock．It’s too early．

    A． May; can't

    B． Will; won't

    C． May; mustn’t

    D Must; may not


    正确答案：A
    37．A【解析】句意：——门口有人，会是吉姆吗？—— 不，可能不是他。刚7点，太早了。由题干可知第一空为。可能是吉姆吗？”，故应该A或C。而C选项中 mustn't不可用于否定句表推测，故选A。

  • 第3题：

    根据以下内容，回答235-239题。


    What is the last day to apply for the WHC position? （　　）

    A.May 1
    B.May 10
    C.May 17
    D.May 27

    答案：B
    解析：

  • 第4题：

    3．—__________ 1 go out for a while?

    —No，you __________ You must finish your homework first．

    A． Must，needn't

    B． Can，may

    C． May，mustn't

    D． May，must


    正确答案：C

  • 第5题：

    Your load line certificate expires on 27 May 2006．The vessel is surveyed on that date and is found satisfactory．You are sailing foreign the same day．Which statement is TRUE ________．

    A.A new certificate must be issued before you sail

    B.The existing certificate is endorsed as valid for a five year period commencing 27 May 2006

    C.The existing certificate is extended for a period of up to 150 days

    D.The existing certificate is extended until the first foreign port of call where a new certificate will be issued by the local surveyor


    正确答案：C

  • 第6题：

    下面英文日期写法错误的是____？

    A．May 1, 2015

    B．1 May，2015

    C．1 May 2015

    D．May 1st, 2015


    10 Oct.，2015

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