Omgzlook CPA FR Exam Notes exam questions and answers provide you test preparation information with everything you need. About CPA FR Exam Notes exam, you can find these questions from different web sites or books, but the key is logical and connected. Our questions and answers will not only allow you effortlessly through the exam first time, but also can save your valuable time. We guarantee full refund for any reason in case of your failure of FR Exam Notes test. For all of you, it is necessary to get the CPA certification to enhance your career path. The CPA FR Exam Notes certification exam is not only validate your skills but also prove your expertise.
Certified Public Accountant FR 100% guarantee to pass IT certification test.
The efficiency and accuracy of our FR - Financial Reporting Exam Notes learning guide will not let you down. This is a special IT exam dumps for all candidates. Omgzlook pdf real questions and answers will help you prepare well enough for CPA Dumps FR Questions test in the short period of time and pass your exam successfully.
Omgzlook FR Exam Notes exam preparation begins and ends with your accomplishing this credential goal. Although you will take each FR Exam Notes online test one at a time - each one builds upon the previous. Remember that each FR Exam Notes exam preparation is built from a common certification foundation.FR Exam Notes prepareation will provide the most excellent and simple method to pass your FR Exam Notes Certification Exams on the first attempt.
Actually, CPA FR Exam Notes exam really make you anxious.
After our unremitting efforts, FR Exam Notes learning guide comes in everybody's expectation. Our professional experts not only have simplified the content and grasp the key points for our customers, but also recompiled the FR Exam Notes preparation materials into simple language so that all of our customers can understand easily no matter which countries they are from. In such a way, you will get a leisure study experience as well as a doomed success on your coming FR Exam Notes exam.
Every version of FR Exam Notes study materials that we provide to you has its own advantage: the PDF version has no equipment limited, which can be read anywhere; the online version can use on any electronic equipment there is network available; the software version can simulate the real FR Exam Notes exam environment to let you have more real feeling to FR Exam Notes real exam, besides the software version can be available installed on unlimited number devices.
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
By passing the exams multiple times on practice test software, you will be able to pass the real SAP C_C4H62_2408 test in the first attempt. Fortinet NSE7_SDW-7.2 - The 99% pass rate can ensure you get high scores in the actual test. They handpicked what the EMC D-CS-DS-23 training guide usually tested in exam recent years and devoted their knowledge accumulated into these EMC D-CS-DS-23 actual tests. Immediately download for the Microsoft PL-500-CN study pdf is available for study with no time wasted. If you are suspicious of our EMC D-XTR-MN-A-24 exam questions, you can download the free demo from our official websites.
Updated: May 26, 2022