Passports are beneficial for______. A. exchanging currency B. using a credit cardC. checki

Which of the following is true according to the text？

A．Some Founding Fathers benefit politically from slavery.

B．Slaves in the old days did not have the right to vote.

C．Slave owners usually had large savings accounts.

D．Slavery was regarded as a peculiar institution.

The passage suggests that______.

A. most people don't realize how important passports are

B. passports aren't important once you are in the country you've chosen to visit

C. passports are simple to obtain through the mail

D. passports are obtained at the embassy once you enter a country

We can conclude from the passage that______.

A. passports are more important than visas

B. visas and passports are the same thing

C. foreign governments issue visas instead of passports

D. visas are required to obtain passports

ople never consider obtaining a passport unless they are planning a trip out of the country. In Europe, where travel from one country to another is much more common, almost everyone carries a pass- port. A passport is final proof of identity in almost every county in the world.

In 1979 almost 15 million American held passports. Most of these passports were obtained to travel outside the country because, except for a few Western nations, passports are required to enter every country.

And if you travel abroad, you must have a valid passport to return the country. When traveling abroad, you will need a passport for identification when exchanging dollars for francs or marks or other foreign currency. You may also need your passport to use a credit card, buy an airplane ticket or check into a hotel. As a passport is an official U.S. document, it is valuable as identification in any emergency overseas, such as floods, fires or war.

Don’t confuse passports and visas. Whereas a passport is issued by a country to its citizens, a visa is official permission to visit a country granted by the government of that country. For some years, many countries were dropping their visa requirements, but that trend has reversed. They may be obtained from the embassy of the country you wish to visit.

Passport applications are available at passport agency offices in large cities like Boston, New Y ork, or Chicago. In smaller cities, applications are available at post offices and at federal courts. To get your first passport, you must submit the application in person, along with a birth certificate and two pictures.

The main purpose of this passage is to___________.

A.discuss traveling in other countries

B.distinguish between passports and visas

C.discuss the financial uses of a passport

D.provide information about passports

Passports are beneficial for___________.A.exchanging currency

B.using a credit card

C.checking into hotels

D.all of the above

We can conclude from the passage that_________.A.passports are more important than visas

B.visas and passports are the same thing

C.foreign government issue visas instead of passports

D.visas are required to obtain passports

The passage suggests that_________.A.Most people don’t realize how important passports are

B.passports aren’t important once you are in the country you’ve chosen to visit

C.passports are simple to obtain through the mail

D.passports are obtained at the embassy once you enter a country.

As used in this passage, the word “valid” in the second paragraph means__________.A.foreign

B.legal

C.monetary

D.illegal

请帮忙给出每个问题的正确答案和分析，谢谢！

A.get

B.acquire

C.reached

D.obtained

--- May I see your tickets and passports, please？ --- __________ .

A.No, you can’t

B.Yes, you can

C.here they are

D.No, they are mine

阅读材料，回答题。

The New Technology ApplicationOn a more mundane level, third-generation mobile telephones, despite all the delays and the billions squandered on 3G licenses by telecom firms, are still（

A.are being used to offer wireless access

B.are usually used to offer high-speed, mobile internet access

C.are already cheap enough to be used as passports

D.ale expected to be used as a means to control inventory

Passage One

Questions 21 to 25 are based on the following passage.

Your passport is your official identification as an American citizen. In America，most people never consider obtaining a passport unless they are planning a trip out of the country. In Europe, where travel from one country to another is much more common，almost everyone carries a passport. A passport is final proof of identity in almost every country in the world.

In 1979 almost 15 million Americans held passports. Most of these passports were obtained to travel outside the country because，except for a few Western nations。passports are required to enter every country. And if you travel abroad，you must have a valid passport to reenter the country.

When traveling abroad，you will need a passport for identification when exchanging dollars for francs or marks or other foreign currency. You may also need your passport to use a credit card，buy an airplane ticket or check into a hotel. As a passport is an official U. S. document. it is valuable as identification in any emergency cases，such as floods，fires，or war.

Don't confuse passports and visas. Whereas a passport is issued by a country to its citizens. a visa is official permission to visit a country granted by the government of that country. For some years，many countries were dropping their visa requirements，but that trend has reversed. Argentina，Brazil，and Venezuela now require visas from U. S. citizens. They may be obtained from the embassy of the country you wish to visit.

Passport applications are available at passport agency offices in large cities like Boston，New York，or Chicago. In smaller cities，applications are available at post offices and at federal courts. To get your first passport，you must submit the application in person. along with a birth certificate and two pictures.

The main purpose of this passage is to______.

A. discuss traveling in other countries

B. distinguish between passports and visas

C. discuss the financial uses of a passport

D. provide information about passports

Section B – TWO questions ONLY to be attempted

(a) Cate is an entity in the software industry. Cate had incurred substantial losses in the fi nancial years 31 May 2004 to 31 May 2009. In the fi nancial year to 31 May 2010 Cate made a small profi t before tax. This included signifi cant non-operating gains. In 2009, Cate recognised a material deferred tax asset in respect of carried forward losses, which will expire during 2012. Cate again recognised the deferred tax asset in 2010 on the basis of anticipated performance in the years from 2010 to 2012, based on budgets prepared in 2010. The budgets included high growth rates in profi tability. Cate argued that the budgets were realistic as there were positive indications from customers about future orders. Cate also had plans to expand sales to new markets and to sell new products whose development would be completed soon. Cate was taking measures to increase sales, implementing new programs to improve both productivity and profi tability. Deferred tax assets less deferred tax liabilities represent 25% of shareholders’ equity at 31 May 2010. There are no tax planning opportunities available to Cate that would create taxable profi t in the near future. (5 marks)

(b) At 31 May 2010 Cate held an investment in and had a signifi cant infl uence over Bates, a public limited company. Cate had carried out an impairment test in respect of its investment in accordance with the procedures prescribed in IAS 36, Impairment of assets. Cate argued that fair value was the only measure applicable in this case as value-in-use was not determinable as cash fl ow estimates had not been produced. Cate stated that there were no plans to dispose of the shareholding and hence there was no binding sale agreement. Cate also stated that the quoted share price was not an appropriate measure when considering the fair value of Cate’s signifi cant infl uence on Bates. Therefore, Cate estimated the fair value of its interest in Bates through application of two measurement techniques; one based on earnings multiples and the other based on an option–pricing model. Neither of these methods supported the existence of an impairment loss as of 31 May 2010. (5 marks)

(c) At 1 April 2009 Cate had a direct holding of shares giving 70% of the voting rights in Date. In May 2010, Date issued new shares, which were wholly subscribed for by a new investor. After the increase in capital, Cate retained an interest of 35% of the voting rights in its former subsidiary Date. At the same time, the shareholders of Date signed an agreement providing new governance rules for Date. Based on this new agreement, Cate was no longer to be represented on Date’s board or participate in its management. As a consequence Cate considered that its decision not to subscribe to the issue of new shares was equivalent to a decision to disinvest in Date. Cate argued that the decision not to invest clearly showed its new intention not to recover the investment in Date principally through continuing use of the asset and was considering selling the investment. Due to the fact that Date is a separate line of business (with separate cash fl ows, management and customers), Cate considered that the results of Date for the period to 31 May 2010 should be presented based on principles provided by IFRS 5 Non-current Assets Held for Sale and Discontinued Operations. (8 marks)

(d) In its 2010 fi nancial statements, Cate disclosed the existence of a voluntary fund established in order to provide a post-retirement benefi t plan (Plan) to employees. Cate considers its contributions to the Plan to be voluntary, and has not recorded any related liability in its consolidated fi nancial statements. Cate has a history of paying benefi ts to its former employees, even increasing them to keep pace with infl ation since the commencement of the Plan. The main characteristics of the Plan are as follows:

(i) the Plan is totally funded by Cate;

(ii) the contributions for the Plan are made periodically;

(iii) the post retirement benefi t is calculated based on a percentage of the fi nal salaries of Plan participants dependent on the years of service;

(iv) the annual contributions to the Plan are determined as a function of the fair value of the assets less the liability arising from past services.

Cate argues that it should not have to recognise the Plan because, according to the underlying contract, it can terminate its contributions to the Plan, if and when it wishes. The termination clauses of the contract establish that Cate must immediately purchase lifetime annuities from an insurance company for all the retired employees who are already receiving benefi t when the termination of the contribution is communicated. (5 marks)

Required:

Discuss whether the accounting treatments proposed by the company are acceptable under International Financial Reporting Standards.

Professional marks will be awarded in this question for clarity and quality of discussion. (2 marks)

The mark allocation is shown against each of the four parts above.