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Which of the following statements about the financ...

Which of the following statements about the financial statements of limited liability companies are correct according to International Financial Reporting Standards? 1 In preparing a statement of cash flows, either the direct or the indirect method may be used. Both lead to the same figure for net cash from operating activities. 2 Loan notes can be classified as current or non-current liabilities. 3 Financial statements must disclose a company's total expense for depreciation, if material. 4 A company must disclose by note details of all adjusting events allowed for in the financial statements.

A、1, 2 and 3 only

B、2 and 4 only

C、3 and 4 only

D、All four items

提问人:网友hxlgis 发布时间:2022-01-07
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第6题

The draft financial statements of a limited liability company are under consideration. The accounting treatment of the following material events after the reporting period needs to be determined. 1 The bankruptcy of a major customer, with a substantial debt outstanding at the end of the reporting period 2 A fire destroying some of the company's inventory (the company's going concern status is not affected) 3 An issue of shares to finance expansion 4 Sale for less than cost of some inventory held at the end of the reporting period According to IAS 10 Events after the reporting period, which of the above events require an adjustment to the figures in the draft financial statements?

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第7题
Which of the following is the correct definition of an adjusting event after the reporting period?

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第8题

Which of the following material events after the reporting period and before the financial statements are approved by the directors should be adjusted for in those financial statements? 1 A valuation of property providing evidence of impairment in value at the reporting period 2 Sale of inventory held at the end of the reporting period for less than cost 3 Discovery of fraud or error affecting the financial statements 4 The insolvency of a customer with a debt owing at the end of the reporting period which is still outstanding

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第9题

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第10题

Part of the process of preparing a company's statement of cash flows is the calculation of cash inflow from operating activities. Which of the following statements about that calculation (using the indirect method) are correct? 1 Loss on sale of operating non-current assets should be deducted from net profit before taxation. 2 Increase in inventory should be deducted from operating profits. 3 Increase in payables should be added to operating profits. 4 Depreciation charges should be added to net profit before taxation.

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