Having Omgzlook can make you spend shorter time less money and with greater confidence to pass the exam, and we also provide you with a free one-year after-sales service. Omgzlook is a website that can provide all information about different IT certification exam. Omgzlook can provide you with the best and latest exam resources. Various study forms are good for boosting learning interests. So our company has taken all customers’ requirements into account. If you purchase the training materials we provide, you can pass CPA certification FR Simulation Questions exam successfully.
Certified Public Accountant FR Omgzlook will help you achieve your dream.
It is known to us that our FR - Financial Reporting Simulation Questions study materials have been keeping a high pass rate all the time. Do not spend too much time and money, as long as you have Omgzlook learning materials you will easily pass the exam. In order to help you more Omgzlook the CPA Free FR Practice exam eliminate tension of the candidates on the Internet.
App online version-Be suitable to all kinds of equipment or digital devices. Be supportive to offline exercise on the condition that you practice it without mobile data. According to personal propensity and various understanding level of exam candidates, we have three versions of FR Simulation Questions practice materials for your reference.
CPA FR Simulation Questions - We guarantee that you can pass the exam easily.
Have you ever tried our IT exam certification software provided by our Omgzlook? If you have, you will use our FR Simulation Questions exam software with no doubt. If not, your usage of our dump this time will make you treat our Omgzlook as the necessary choice to prepare for other IT certification exams later. Our FR Simulation Questions exam software is developed by our IT elite through analyzing real FR Simulation Questions exam content for years, and there are three version including PDF version, online version and software version for you to choose.
Omgzlook is a website that provide accurate exam materials for people who want to participate in the IT certification. Omgzlook can help a lot of IT professionals to enhance their career blueprint.
FR PDF DEMO:
QUESTION NO: 1
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: 2
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
QUESTION NO: 3
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: 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
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
The secret that Omgzlook helps many candidates pass SAP C_TS462_2023 exam is CPA exam questions attentively studied by our professional IT team for years, and the detailed answer analysis. HP HP2-I57 - If you choose Omgzlook study guide, you will find the test questions and test answers are certainly different and high-quality, which is the royal road to success. Microsoft PL-500 - So our Omgzlook will provide a exam simulation for you to experience the real exam model before real exam. And with the aid of IBM C1000-154 certification test, you can improve your skills and master some useful techniques in your job so that you can finish your work better and demonstrate your great ability before other people. Also you can ask us any questions about Adobe AD0-E134 exam any time as you like.
Updated: May 26, 2022