You can have a free try for downloading our FR Latest Test Dumps Demo exam demo before you buy our products. What’s more, you can acquire the latest version of FR Latest Test Dumps Demo training materials checked and revised by our exam professionals after your purchase constantly for a year. Besides, the pass rate of our FR Latest Test Dumps Demo exam questions are unparalled high as 98% to 100%, you will get success easily with our help. More and more people look forward to getting the FR Latest Test Dumps Demo certification by taking an exam. However, the exam is very difficult for a lot of people. You will feel grateful to choose our FR Latest Test Dumps Demo learning quiz!
Certified Public Accountant FR However, you must believe that this is true!
And we will give you 100% success guaranteed on the FR - Financial Reporting Latest Test Dumps Demo training guide. In short, you will find the convenience and practicality of our Valid FR Study Notes quiz guide in the process of learning. We will also continue to innovate and improve functions to provide you with better services.
We are convinced that our FR Latest Test Dumps Demo exam questions can help you gain the desired social status and thus embrace success. The competition in today's society is the competition of talents. Can you survive and be invincible in a highly competitive society? Can you gain a foothold in such a complex society? If your answer is "no", that is because your ability is not strong enough.
But our CPA FR Latest Test Dumps Demo exam questions have made it.
By browsing this website, all there versions of FR Latest Test Dumps Demo training materials can be chosen according to your taste or preference. In addition, we provide free updates to users for one year long after your purchase. If the user finds anything unclear in the FR Latest Test Dumps Demo exam questions exam, we will send email to fix it, and our team will answer all of your questions related to the FR Latest Test Dumps Demo actual exam. So as long as you have any question, just contact us!
Every page is carefully arranged by our experts with clear layout and helpful knowledge to remember. Our FR Latest Test Dumps Demo exam questions just focus on what is important and help you achieve your goal.
FR PDF DEMO:
QUESTION NO: 1
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: 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
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: 4
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: 5
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
With excellent quality at attractive price, our Huawei H28-111_V1.0 exam questions get high demand of orders in this fierce market. So our Amazon SAA-C03-KRpractice materials have great brand awareness in the market. The promotion or acceptance of our SAP C-SIGDA-2403 exam questions will be easy. Adobe AD0-E908 - The software boosts varied self-learning and self-assessment functions to check the results of the learning. Microsoft AI-102 - The gold content of the materials is very high, and the updating speed is fast.
Updated: May 26, 2022