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37 Which statement is NOT true of Chris? A She is the heroine of Sunset Song. B S

37 Which statement is NOT true of Chris?

A She is the heroine of Sunset Song.

B She had a miserable childhood.

C She is the creation of a man.

D She married only once.

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更多“37 Which statement is NOT true of Chris? A She is the heroine of Sunset Song. B S”相关的问题

第1题

37 Which statement is NOT true of Chris?A She is the heroine of Sunset Song. B She had a m

37 Which statement is NOT true of Chris?

A She is the heroine of Sunset Song.

B She had a miserable childhood.

C She is the creation of a man.

D She married only once.

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第2题

(a) IAS 37 Provisions, contingent liabilities and contingent assets prescribes the account

(a) IAS 37 Provisions, contingent liabilities and contingent assets prescribes the accounting and disclosure for those items named in its title.

Required:

Define provisions and contingent liabilities and briefly explain how IAS 37 improves consistency in financial reporting.

(b) The following items have arisen during the preparation of Borough’s draft financial statements for the year ended 30 September 2011:

(i) On 1 October 2010, Borough commenced the extraction of crude oil from a new well on the seabed. The cost of a 10-year licence to extract the oil was $50 million. At the end of the extraction, although not legally bound to do so, Borough intends to make good the damage the extraction has caused to the seabed environment. This intention has been communicated to parties external to Borough. The cost of this will be in two parts: a fixed amount of $20 million and a variable amount of 2 cents per barrel extracted. Both of these amounts are based on their present values as at 1 October 2010 (discounted at 8%) of the estimated costs in 10 years’ time. In the year to 30 September 2011 Borough extracted 150 million barrels of oil.

(ii) Borough owns the whole of the equity share capital of its subsidiary Hamlet. Hamlet’s statement of financial position includes a loan of $25 million that is repayable in five years’ time. $15 million of this loan is secured on Hamlet’s property and the remaining $10 million is guaranteed by Borough in the event of a default by Hamlet. The economy in which Hamlet operates is currently experiencing a deep recession, the effects of which are that the current value of its property is estimated at $12 million and there are concerns over whether Hamlet can survive the recession and therefore repay the loan.

Required:

Describe, and quantify where possible, how items (i) and (ii) above should be treated in Borough’s statement of financial position for the year ended 30 September 2011.

In the case of item (ii) only, distinguish between Borough’s entity and consolidated financial statements and refer to any disclosure notes. Your answer should only refer to the treatment of the loan and should not consider any impairment of Hamlet’s property or Borough’s investment in Hamlet.

Note: the treatment in the income statement is NOT required for any of the items.

The following mark allocation is provided as guidance for this requirement:

(i) 5 marks

(ii) 4 marks

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第3题

Which statement is NOT true of Covent Garden?A.It is crowded with people.B.It is located i

Which statement is NOT true of Covent Garden?

A.It is crowded with people.

B.It is located in London.

C.It is filled with stalls.

D.It is surrounded by shops, churches, restaurants and cafes.

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第4题

Which of the following losses are generally deductible?I.Loss on the sale of a personal residence.II.Loss due to the theft of business inventory.()

A.Only statement I is correct

B.Only statement II is correct

C.Both statements are correct

D.Neither statement is correct

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第5题

Which of the following qualify for the medical expense deduction?I.Insulin.II.Medicare insurance premiums.()

A.Only statement I is correct

B.Only statement II is correct

C.Both statements are correct

D.Neither statement is correct

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第6题

Which of the following qualifies as a like-kind exchange of property?()I. Registered trademark for a copyright.II. A 2009 Chevy, business-use automobile for a 2010 Ford, business-use automobile.

A、Only statement I is correct

B、Only statement II is correct

C、Both statements are correct

D、Neither statement is correct

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第7题

Which statement is the true description about IWC?A.The purpose of the foundation of IWC i

Which statement is the true description about IWC?

A.The purpose of the foundation of IWC is to protect whales from being killed.

B.All the members of IWC have a history of whaling.

C.IWC decided to stop commercial whaling in the mid-1960s.

D.IWC has no right to exert any punishment on Japan even if Japan continues the slaughter.

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第8题

Which of the following is/are based on an ability-to-pay concept?I.A flat tax .II.Joh

Which of the following is/are based on an ability-to-pay concept?I.A flat tax .II.Johson City charges all households a flat fee of $25 per month for water usage.III.Boone County recently established Route 89 as a toll road.All cars traveling from East Johnson City to Appleton pay $1.()

A、Only statement I is correct

B、Only statement II is correct

C、Statements II and III are correct

D、Statements I, II, and III are correct

E、None of the statements are correct

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第9题

Which statement is MOST TRUE about materials technology? A) Existing specifications and laws make i

Which statement is MOST TRUE about materials technology?

A) Existing specifications and laws make it easy to introduce new materials in fields such as building construction and commercial aircraft.

B) Materials Science and engineering usually follows the lead of developments in other technologies

C) Industry and the consumer are quick to accept new materials and processes innovations

D) Developments in materials science and engineering have allowed for innovations in most other technologies.

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第10题

Which of the following is an example of an effective preview statement:()A."Three
Which of the following is an example of an effective preview statement:()

A."Three steps to making this work will follow."

B."Knowing what to do in an emergency can be summarized in three easy steps."

C."Understanding your credit report is important."

D."Today I will explain first how to reduce your waste, second how to recycle items and third, how to reuse materials."

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