In January 2008 Arti entered in a contractual agreement with Bee Ltd to write a study manu

Which of the following best describes the classification of the lease on the company’s financial statements for 2008？

A.Operating lease.

B.Sales type lease.

C.Direct financing lease.

阅读理解：根据文章内容，判断正误。

Lockwood Middle School

307 Main Street

Lockwood, NJ 51686

December 10, 2008

Mrs. Jody Coling

President

Lockwood Health Association

23 Main Street

Lockwood, NJ

Dear Mrs. Coling，

My name is Susan Harris and I am writing on behalf of the students at Lockwood Middle School.

Many students at the school have been working on a project which relates to the unemployment problem in Lockwood. You are invited to attend a presentation that will be held in the media room of the school. The students will present a variety of proposals to solve the problem.

At the presentation, there will be several students receiving recognition awards from the headmaster. Refreshments will also be available.

As you are a prominent figure in the community, we would be honored by your attendance. Our special presentation will be held on January 16th. Please reply by Monday the 9th of January to confirm your attendance at the function.

We look forward to seeing you there.

Sincerely,

Ms. Susan Harris

操作提示：正确选T，错误选F。

1. Susan Harris is writing on behalf of the teachers at Lockwood Middle School.{T; F}

2. The students have no ideas how to solve the unemployment problem in Lockwood.{T; F}

3. There will be several students receiving awards from the Headmaster at the presentation.{T; F}

4. Refreshments will not be served at the presentation.{T; F}

5. Mrs. Coling is a prominent figure in the community.{T; F}"

Certified Accountants. You are currently reviewing the audit working papers for Pulp Co, a long standing audit client,

for the year ended 31 January 2008. The draft statement of financial position (balance sheet) of Pulp Co shows total

assets of $12 million (2007 – $11·5 million).The audit senior has made the following comment in a summary of

issues for your review:

‘Pulp Co’s statement of financial position (balance sheet) shows a receivable classified as a current asset with a value

of $25,000. The only audit evidence we have requested and obtained is a management representation stating the

following:

(1) that the amount is owed to Pulp Co from Jarvis Co,

(2) that Jarvis Co is controlled by Pulp Co’s chairman, Peter Sheffield, and

(3) that the balance is likely to be received six months after Pulp Co’s year end.

The receivable was also outstanding at the last year end when an identical management representation was provided,

and our working papers noted that because the balance was immaterial no further work was considered necessary.

No disclosure has been made in the financial statements regarding the balance. Jarvis Co is not audited by our firm

and we have verified that Pulp Co does not own any shares in Jarvis Co.’

Required:

(b) In relation to the receivable recognised on the statement of financial position (balance sheet) of Pulp Co as

at 31 January 2008:

(i) Comment on the matters you should consider. (5 marks)

(a) The following figures have been calculated from the financial statements (including comparatives) of Barstead for

the year ended 30 September 2009:

increase in profit after taxation 80%

increase in (basic) earnings per share 5%

increase in diluted earnings per share 2%

Required:

Explain why the three measures of earnings (profit) growth for the same company over the same period can

give apparently differing impressions. (4 marks)

(b) The profit after tax for Barstead for the year ended 30 September 2009 was $15 million. At 1 October 2008 the company had in issue 36 million equity shares and a $10 million 8% convertible loan note. The loan note will mature in 2010 and will be redeemed at par or converted to equity shares on the basis of 25 shares for each $100 of loan note at the loan-note holders’ option. On 1 January 2009 Barstead made a fully subscribed rights issue of one new share for every four shares held at a price of $2·80 each. The market price of the equity shares of Barstead immediately before the issue was $3·80. The earnings per share (EPS) reported for the year ended 30 September 2008 was 35 cents.

Barstead’s income tax rate is 25%.

Required:

Calculate the (basic) EPS figure for Barstead (including comparatives) and the diluted EPS (comparatives not required) that would be disclosed for the year ended 30 September 2009. (6 marks)

The most correct way to cite an Internet source is:()

A."According to an online article by Dr. H. Nichols, a doctor at the Mayo Clinic in Rochester MN"

B."According to NBC's website"

C."According to the June 22, 1999 on-line version of the Chicago Sun Times, Dr. Herald, a doctor at ABC Hospital, says"

D."Dr. Jones, a prestigious microbiologist, was quoted online as saying

15

请运行Internet Explorer，并完成下面的操作：

某网站的主页地址是：http://www.pcbookcn.com/article/index.htm，打开此主页，浏览“现代办公”栏目中的第一篇文章，并将该文章的内容以文本文件的格式保存到考生文件夹下，命名为“xdbg.txt”。

（考生单击窗口下“打开[Internet应用]应用程序”启动IE）

capital of Hira Ltd from Belgrove Ltd. Belgrove Ltd currently owns 100% of the share capital of Hira Ltd and has no

other subsidiaries. All three companies have their head offices in the UK and are UK resident.

Hira Ltd had trading losses brought forward, as at 1 April 2006, of ￡18,600 and no income or gains against which

to offset losses in the year ended 31 March 2006. In the year ending 31 March 2007 the company expects to make

further tax adjusted trading losses of ￡55,000 before deduction of capital allowances, and to have no other income

or gains. The tax written down value of Hira Ltd’s plant and machinery as at 31 March 2006 was ￡96,000 and

there will be no fixed asset additions or disposals in the year ending 31 March 2007. In the year ending 31 March

2008 a small tax adjusted trading loss is anticipated. Hira Ltd will surrender the maximum possible trading losses

to Belgrove Ltd and Dovedale Ltd.

The tax adjusted trading profit of Dovedale Ltd for the year ending 31 March 2007 is expected to be ￡875,000 and

to continue at this level in the future. The profits chargeable to corporation tax of Belgrove Ltd are expected to be

￡38,000 for the year ending 31 March 2007 and to increase in the future.

On 1 February 2007 Dovedale Ltd will sell a small office building to Hira Ltd for its market value of ￡234,000.

Dovedale Ltd purchased the building in March 2005 for ￡210,000. In October 2004 Dovedale Ltd sold a factory

for ￡277,450 making a capital gain of ￡84,217. A claim was made to roll over the gain on the sale of the factory

against the acquisition cost of the office building.

On 1 April 2007 Dovedale Ltd intends to acquire the whole of the ordinary share capital of Atapo Inc, an unquoted

company resident in the country of Morovia. Atapo Inc sells components to Dovedale Ltd as well as to other

companies in Morovia and around the world.

It is estimated that Atapo Inc will make a profit before tax of ￡160,000 in the year ending 31 March 2008 and will

pay a dividend to Dovedale Ltd of ￡105,000. It can be assumed that Atapo Inc’s taxable profits are equal to its profit

before tax. The rate of corporation tax in Morovia is 9%. There is a withholding tax of 3% on dividends paid to

non-Morovian resident shareholders. There is no double tax agreement between the UK and Morovia.

Required:

(a) Advise Belgrove Ltd of any capital gains that may arise as a result of the sale of the shares in Hira Ltd. You

are not required to calculate any capital gains in this part of the question. (4 marks)

A.January 1, 1900

B.January 1, 1950

C.January 1, 1960

D.January 1, 1970

A.January 5，2×××

B.5th of January，2×××

C.January 5th，2×××

D.2××× January 5th