If you find any quality problems of our FR Book or you do not pass the exam, we will unconditionally full refund. Omgzlook is professional site that providing CPA FR Book questions and answers , it covers almost the FR Book full knowledge points. We really take the requirements of our worthy customers into account. Perhaps you know nothing about our FR Book study guide. Omgzlook's CPA FR Book exam training materials can help you to save a lot of time and effort.
Certified Public Accountant FR If you do not give up, the next second is hope.
Certified Public Accountant FR Book - Financial Reporting Although we might come across many difficulties during pursuing our dreams, we should never give up. According to the survey, the candidates most want to take CPA Exam FR Quick Prep test in the current IT certification exams. Of course, the CPA Exam FR Quick Prep certification is a very important exam which has been certified.
Here our FR Book study materials are tailor-designed for you. Living in such a world where competitiveness is a necessity that can distinguish you from others, every one of us is trying our best to improve ourselves in every way. It has been widely recognized that the FR Book exam can better equip us with a newly gained personal skill, which is crucial to individual self-improvement in today’s computer era.
CPA FR Book - You can download any time before purchasing.
Omgzlook IT Certification has years of training experience. Omgzlook CPA FR Book exam training materials is a reliable product. IT elite team continue to provide our candidates with the latest version of the FR Book exam training materials. Our staff made great efforts to ensure that you always get good grades in examinations. To be sure, Omgzlook CPA FR Book exam materials can provide you with the most practical IT certification material.
To pass the certification exam, you need to select right FR Book study guide and grasp the overall knowledge points of the real exam. The test questions from our FR Book dumps collection cover almost content of the exam requirement and the real exam.
FR PDF DEMO:
QUESTION NO: 1
Consider the following statements:
(i)Some operating segments meet all the aggregation criteria.
(ii)Identified reportable segments account for 75 percent of the entity's revenue.
How these should be reported under IFRS 8 Operating Segments?
A. (i) Reportable segments to be disclosed provided that they meet the quantitative thresholds.
(ii)
Aggregate remaining segments into 'all other segments' category.
B.(i) Aggregate remaining segments into 'all other segments' category.
(ii)
Reportable segments to be disclosed provided that they meet the quantitative thresholds.
C.(i) This is not a reportable segment to be disclosed.
(ii)
Aggregate remaining segments into 'all other segments' category.
D.(i) Aggregate remaining segments into 'all other segments' category.
(ii)
This is not a reportable segment to be disclosed.
Answer: A
QUESTION NO: 2
Ant plc purchased 80% of Pillar Ltd's ordinary shares on 1 July 2010 for $2,360,000 when the fair value of Corfu Ltd's net assets was $2,240,000.
As at 30 June 2012 Ant plc hadrecognizedimpairments in respect of goodwill arising on the acquisition of Pillar Ltd amounting to $100,000.
On 30 June 2013, Ant plc sold all its shares in Pillar Ltd for $3,600,000. The net assets of Pillar Ltd were $3,310,000 at the date of disposal.
What is the profit on disposal of the shares in Pillar Ltd which should be included in the consolidated income statement of Ant plc for the year ended 30 June 2013?
A. $384,000
B. $484,000
C. $952,000
D. $270,000
Answer: B
QUESTION NO: 3
Rochester pIc has entered into a fixed price contract for the provision of services to Adele Ltd.
The contract commenced in September 2012 and will be completed in 2013.
The contract price is $2 million and costs are recoverable as incurred. At 31 December 2012,
Rochester plc's year ends, costs of $500,000 have been incurred.
The contract has been assessed as 30% complete; however, costs to complete cannot be estimated reliably.
In accordance with IAS 18 Revenue, how much revenue should be included in Rochester plc's statement of comprehensive income for the year ended 31 December 2012 in respect of this contract?
A. Nil
B. $500,000
C. $600,000
D. $2 million
Answer: B
QUESTION NO: 4
According to the IASB's Conceptual Framework for Financial Reporting, which one of the following statements represents the underlying assumption relating to financial statements?
A. The accounts have been prepared on an accrual basis
B. Users are assumed to have sufficient knowledge to be able to understand the financial statements
C. The accounting policies used have been disclosed
D. The business is expected to continue in operation for the foreseeable future
Answer: D
QUESTION NO: 5
On 30 September 2012 the directors of Diego pIc decided to sell the company's services division and the division was classified as held for sale.
The sale is expected to be completed, along with the sales of related assets, in early December 2012.
One item of plant within this division had originally cost $30,000 and had a carrying amount of
$15,000 on 1 November 2011.
Diego plc will carry on using this plant until it is sold. Diego pIc has a year end of 31 October and depreciates all plant on a monthly straight-line basis using a monthly rate of 1%.
In accordance with IFRS 5 Non-current Assets Held for Sale and Discontinued Operations, what amount will berecognizedin the statement of financial position of Diego pIc as at 31 October 2012 in respect of this plant?
A. $11,400 in non-current assets held for sale
B. $11,400 in current assets
C. $11,700 in non-current assets held for sale
D. $11,700 in non-current assets
Answer: C
Omgzlook's CPA CheckPoint 156-587 exam training materials is a pioneer in the CPA CheckPoint 156-587 exam certification preparation. You can print our Cisco 350-601 practice questions out and share the materials with your classmates and friends. Omgzlook's CPA Salesforce CRT-261 exam training materials are tailored specifically for IT professionals. Our SAP P_BTPA_2408 real dumps has received popular acceptance worldwide with tens of thousands of regular exam candidates who trust our proficiency. Qlik QSDA2024 - You get what you want is one of the manifestations of success.
Updated: May 26, 2022