If you have other exam to be taken, we can free replace it for you. FR Free latest cram material covers all the sections of the actual exam. The CPA FR Free practice exam has the questions very similar to the actual exam, and all the FR Free answers are checked and confirmed by our professional expert. With FR Free learning materials, you can study at ease, and we will help you solve all the problems that you may encounter in the learning process. If you have any confusion about our FR Free exam questions, just contact us and we will help you out. The pass rate of our FR Free exam dumps almost reach to 98% because our questions and answers always updated according to the latest exam information.
Certified Public Accountant FR You won't regret for your wise choice.
Certified Public Accountant FR Free - Financial Reporting The use of test preparation exam questions helps them to practice thoroughly. In order to make sure you have answered all questions, we have answer list to help you check. Then you can choose the end button to finish your exercises of the FR Guaranteed Passing study guide.
We promise during the process of installment and payment of our Financial Reporting prep torrent, the security of your computer or cellphone can be guaranteed, which means that you will be not afraid of virus intrusion and personal information leakage. Besides we have the right to protect your email address and not release your details to the 3rd parties. Moreover if you are not willing to continue our FR Free test braindumps service, we would delete all your information instantly without doubt.
CPA FR Free - You cannot always stay in one place.
With many advantages such as immediate download, simulation before the real exam as well as high degree of privacy, our FR Free actual exam survives all the ordeals throughout its development and remains one of the best choices for those in preparation for FR Free exam. Many people have gained good grades after using our FR Free real dumps, so you will also enjoy the good results. Don’t hesitate any more. Time and tide wait for no man. Come and buy our FR Free exam questions!
The FR Free certification exam training tools contains the latest studied materials of the exam supplied by IT experts. In the past few years, CPA certification FR Free exam has become an influenced computer skills certification exam.
FR PDF DEMO:
QUESTION NO: 1
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
QUESTION NO: 2
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: 3
Which of the following items would appear in the reconciliation of profit before tax to cash generated from operations in a statement of cash flows prepared in accordance withIAS 7 Statement of Cash Flows?
(i)Increase in provision for warranty costs
(ii)Decrease in income tax payable
(iii) Depreciation charge
(iv)
Dividends paid
A.(i) and (ii)
B.(i) and (iii)
C.(ii) and (iii)
D.(ii) and (iv)
Answer: B
QUESTION NO: 4
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: 5
Bony plc purchased equipment on 1 April 2010 for $100,000. The equipment was depreciated using the reducing balance method at 25% per annum.
Bony plc prepares accounts to 31 March annually. Depreciation was charged up to and including 31
March 2012. At that date, the recoverable amount of this equipment was $42,000.
According to IAS 36 Impairment of Assets, what was the impairment loss on this equipment calculated on 31 March 2012?
A. Nil
B. $8,000
C. $14,250
D. $25,000
Answer: C
To pass the exam in limited time, you will find it as a piece of cake with the help of our Dell D-ISAZ-A-01 study engine! The industrious Omgzlook's IT experts through their own expertise and experience continuously produce the latest CPA ISACA CISA training materials to facilitate IT professionals to pass the CPA certification ISACA CISA exam. They are abundant and effective enough to supply your needs of the IIA IIA-CIA-Part1-CN exam. IIA IIA-CIA-Part2-CN - If you fail to pass the exam, Omgzlook will full refund to you. We are determined to give hand to the candidates who want to pass their Dell D-PDPS-A-01 exam smoothly and with ease by their first try.
Updated: May 26, 2022