It is targeted, and guarantee that you can pass the exam. This training matrial is not only have reasonable price, and will save you a lot of time. You can use the rest of your time to do more things. You need to be responsible for your career development. The assistance of our FR Preparation guide question dumps are beyond your imagination. And you can pass the exam successfully.
Certified Public Accountant FR It is up to you to make a decision.
Certified Public Accountant FR Preparation - Financial Reporting Not all vendors dare to promise that if you fail the exam, we will give you a full refund. I have confidence in our Omgzlook products that soon Omgzlook's exam questions and answers about CPA FR Reliable Exam Guide will be your choice and you will pass CPA certification FR Reliable Exam Guide exam successfully. It is wise to choose our Omgzlook and Omgzlook will prove to be the most satisfied product you want.
If you worry about your exam, our FR Preparation exam training dumps will guide you and make you well preparing，you will pass exam without any doubt. How to find a valid exam dumps providers which can elaborate on how to prepare you properly with more appropriate questions to pass FR Preparation exams? Yes, here is your chance to know us. Our products are just suitable for you.
CPA FR Preparation - Omgzlook will achieve your dream.
It doesn’t matter if it's your first time to attend FR Preparation practice test or if you are freshman in the IT certification test, our latest FR Preparation dumps guide will boost you confidence to face the challenge. Our dumps collection will save you much time and ensure you get high mark in FR Preparation actual test with less effort. Come and check the free demo in our website you won’t regret it.
Omgzlook CPA FR Preparation exam questions and answers provide you test preparation information with everything you need. About CPA FR Preparation exam, you can find these questions from different web sites or books, but the key is logical and connected.
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
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: 3
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: 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
Besides, you can print the Salesforce PDI study torrent into papers, which can give a best way to remember the questions. Oracle 1z1-071 - And it will also allow you to have a better future. Before you choose our Microsoft PL-400 study material, you can try our Microsoft PL-400 free demo for assessment. Palo Alto Networks SecOps-Generalist - And IT certification has become a necessity. Just only dozens of money on Amazon Data-Engineer-Associate-KR latest study guide will assist you 100% pass exam and 24-hours worm aid service.
Updated: May 26, 2022