By virtue of our FR Exam Pass4Sure practice materials, many customers get comfortable experiences of Whole Package of Services and of course passing the FR Exam Pass4Sure study guide successfully. Our company conducts our business very well rather than unprincipled company which just cuts and pastes content from others and sell them to exam candidates.All candidate are desperately eager for useful FR Exam Pass4Sure actual exam, our products help you and we are having an acute shortage of efficient FR Exam Pass4Sure exam questions. At the same time, as we can see that the electronic devices are changing our life day by day, our FR Exam Pass4Sure study questions are also developed to apply all kinds of eletronic devices. In recent years, some changes are taking place in this line about the new points are being constantly tested in the FR Exam Pass4Sure real exam. You’ve heard it right.
Certified Public Accountant FR You can totally rely on us!
FR - Financial Reporting Exam Pass4Sure study engine is very attentive to provide a demo for all customers who concerned about our products, whose purpose is to allow customers to understand our product content before purchase. The latest FR Test Dumps.Zip quiz torrent can directly lead you to the success of your career. Our materials can simulate real operation exam atmosphere and simulate exams.
If you have any questions after you buy our FR Exam Pass4Sure study guide, you can always get thoughtful support and help by email or online inquiry. If you neeed any support, and we are aways here to help you. Our considerate service is not only reflected in the purchase process, but also reflected in the considerate after-sales assistance on our FR Exam Pass4Sure exam questions.
CPA FR Exam Pass4Sure - So customer orientation is the beliefs we honor.
Our Financial Reporting study question is compiled and verified by the first-rate experts in the industry domestically and they are linked closely with the real exam. Our products’ contents cover the entire syllabus of the exam and refer to the past years’ exam papers. Our test bank provides all the questions which may appear in the real exam and all the important information about the exam. You can use the practice test software to test whether you have mastered the Financial Reporting test practice dump and the function of stimulating the exam to be familiar with the real exam’s pace, atmosphere and environment. So our FR Exam Pass4Sure exam questions are real-exam-based and convenient for the clients to prepare for the exam.
Besides, the pass rate of our FR Exam Pass4Sure exam questions are unparalled high as 98% to 100%, you will get success easily with our help. There are so many features to show that our FR Exam Pass4Sure study guide surpasses others.
FR PDF DEMO:
QUESTION NO: 1
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: 2
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: 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
Genesys GCX-SCR - Especially if you do not choose the correct study materials and find a suitable way, it will be more difficult for you to pass the exam and get the CPA related certification. Juniper JN0-683 - This is hard to find and compare with in the market. If you buy the VMware 2V0-31.24 test prep from our company, we can assure to you that you will have the chance to enjoy the authoritative study platform provided by our company to improve your study efficiency. Since our Microsoft AZ-800 exam torrent is designed on the purpose to be understood by our customers all over the world, it is compiled into the simplest language to save time and efforts. Our system will automatically send you the updated version of the Microsoft AZ-800 preparation quiz via email.
Updated: May 26, 2022