subsequently
successively
predominantly
preliminarily
第1题:
2 Tyre, a public limited company, operates in the vehicle retailing sector. The company is currently preparing its financial
statements for the year ended 31 May 2006 and has asked for advice on how to deal with the following items:
(i) Tyre requires customers to pay a deposit of 20% of the purchase price when placing an order for a vehicle. If the
customer cancels the order, the deposit is not refundable and Tyre retains it. If the order cannot be fulfilled by
Tyre, the company repays the full amount of the deposit to the customer. The balance of the purchase price
becomes payable on the delivery of the vehicle when the title to the goods passes. Tyre proposes to recognise
the revenue from the deposits immediately and the balance of the purchase price when the goods are delivered
to the customer. The cost of sales for the vehicle is recognised when the balance of the purchase price is paid.
Additionally, Tyre had sold a fleet of cars to Hub and gave Hub a discount of 30% of the retail price on the
transaction. The discount given is normal for this type of transaction. Tyre has given Hub a buyback option which
entitles Hub to require Tyre to repurchase the vehicles after three years for 40% of the purchase price. The normal
economic life of the vehicles is five years and the buyback option is expected to be exercised. (8 marks)
Required:
Advise the directors of Tyre on how to treat the above items in the financial statements for the year ended
31 May 2006.
(The mark allocation is shown against each of the above items)
第2题:
Term borrowings are used to finance the borrowers to purchase buildings and equipment needed, working capital and existing obligations.
A.Right
B.Wrong
C.Doesn't say
第3题:
What other services does your company provide in addition to dispatching securities?
A.Our company can also provide escort service
B.Our company can also provide patrolling service
C.Our company can also provide investigation on the scene
D.Our company can also provide security techniques and equipment.
第4题:
第5题:
A. 66 block
B. Demarc
C. Smart jack
D. 110 block
第6题:
Term loans can be used to fund ______.
A.the purchase of inventory
B.the purchase of equipment covering a period over one year
C.the purchase of building materials
D.securities dealers to purchase new securities
第7题:
听力原文:If a U.S. company wants to purchase goods in Britain and the transaction is settled in sterling pounds, it has to exchange dollars for pounds first.
(9)
A.The U.S. company has to exchange dollars for pounds to make settlement for the goods imported from U.K.
B.The U.S. company must exchange some pounds for dollars before the transaction is made.
C.The U.S. company may directly purchase goods in Britain in sterling pounds.
D.The U.S. company must exchange dollars for euros first.
第8题:
此题为判断题(对,错)。
第9题:
The word 'company' in the first paragraph refers to __.
A. companions
B. bankers
C. lawyers
D. prisoners
第10题: