(ii) Receivables, showing separately the deduction of the allowance for receivables.
(ii) Receivables, showing separately the deduction of the allowance for receivables.
相关考题：
Bar charts are most appropriate for:A.Comparing actual to planned performance to each activity.B.Showing slack time.C.Showing critical path dependencies.D.Showing which activities can be rearranged in parallel.E.All of the above.
● Bar charts are most appropriate for:A Comparing actual to planned performance to each activity.B Showing slack time.C Showing critical path dependencies.D Showing which activities can be rearranged in parallel.E All of the above.
The amount of the outstanding checks is included on the bank reconciliation as a(n) ( ) A. deduction from the balance per depositor's recordsB. addition to the balance per bank statementC. deduction from the balance per bank statementD. addition to the balance per depositor's records
19 At 30 June 2004 a company’s allowance for receivables was $39,000. At 30 June 2005 trade receivables totalled $517,000. It was decided to write off debts totalling $37,000 and to adjust the allowance for receivables to the equivalent of 5 per cent of the trade receivables based on past events.What figure should appear in the income statement for these items?A $61,000B $22,000C $24,000D $23,850
13 At 1 January 2005 a company had an allowance for receivables of $18,000At 31 December 2005 the company’s trade receivables were $458,000.It was decided:(a) To write off debts totalling $28,000 as irrecoverable;(b) To adjust the allowance for receivables to the equivalent of 5% of the remaining receivables based on pastexperience.What figure should appear in the company’s income statement for the total of debts written off as irrecoverableand the movement in the allowance for receivables for the year ended 31 December 2005?A $49,500B $31,500C $32,900D $50,900
2 The draft financial statements of Rampion, a limited liability company, for the year ended 31 December 2005included the following figures:$Profit 684,000Closing inventory 116,800Trade receivables 248,000Allowance for receivables 10,000No adjustments have yet been made for the following matters:(1) The company’s inventory count was carried out on 3 January 2006 leading to the figure shown above. Salesbetween the close of business on 31 December 2005 and the inventory count totalled $36,000. There were nodeliveries from suppliers in that period. The company fixes selling prices to produce a 40% gross profit on sales.The $36,000 sales were included in the sales records in January 2006.(2) $10,000 of goods supplied on sale or return terms in December 2005 have been included as sales andreceivables. They had cost $6,000. On 10 January 2006 the customer returned the goods in good condition.(3) Goods included in inventory at cost $18,000 were sold in January 2006 for $13,500. Selling expenses were$500.(4) $8,000 of trade receivables are to be written off.(5) The allowance for receivables is to be adjusted to the equivalent of 5% of the trade receivables after allowing forthe above matters, based on past experience.Required:(a) Prepare a statement showing the effect of the adjustments on the company’s net profit for the year ended31 December 2005. (5 marks)
(b) Using sensitivity analysis, estimate by what percentage each of the under-mentioned items, taken separately,would need to change before the recommendation in (a) above is varied:(i) Initial outlay;(ii) Annual contribution. (4 marks)
(d) Briefly describe the principal audit work to be performed in respect of the carrying amount of the followingitems in the balance sheet:(i) trade receivables; and (3 marks)
He actually enjoys his new hair style. and likes _______ to everybody.A、showing upB、showing offC、showing outD、showing of
Under the imputed interest rules, gift loans between a daughter (lender) and her mother (borrower) may result inI.No imputed interest income recognized by the mother.II.No imputed interest deduction by the daughter.III.Imputed interest income recognized by the daughter.IV.Deduction allowed for imputed interest expense by the mother.()A.Only statements I, II, and III are correctB.Only statements I and IV are correctC.Only statements I and II are correctD.Only statement III is correctE.Only statements III and IV are correct
On the balance sheet, the amount shown for the Allowance for Doubtful Accounts is equal to the ( )A. Uncollectible accounts expense for the yearB. total of the accounts receivables written-off during the yearC. total estimated uncollectible accounts as of the end of the yearD. sum of all accounts that are past due.
The balance of the allowance for doubtful accounts is added to accounts receivable on the balance sheet.()
You are the audit manager of Chestnut Co and are reviewing the key issues identified in the files of two audit clients.Palm Industries Co (Palm)Palm’s year end was 31 March 2015 and the draft financial statements show revenue of $28·2 million, receivables of $5·6 million and profit before tax of $4·8 million. The fieldwork stage for this audit has been completed.A customer of Palm owed an amount of $350,000 at the year end. Testing of receivables in April highlighted that no amounts had been paid to Palm from this customer as they were disputing the quality of certain goods received from Palm. The finance director is confident the issue will be resolved and no allowance for receivables was made with regards to this balance.Ash Trading Co (Ash)Ash is a new client of Chestnut Co, its year end was 31 January 2015 and the firm was only appointed auditors in February 2015, as the previous auditors were suddenly unable to undertake the audit. The fieldwork stage for this audit is currently ongoing.The inventory count at Ash’s warehouse was undertaken on 31 January 2015 and was overseen by the company’s internal audit department. Neither Chestnut Co nor the previous auditors attended the count. Detailed inventory records were maintained but it was not possible to undertake another full inventory count subsequent to the year end.The draft financial statements show a profit before tax of $2·4 million, revenue of $10·1 million and inventory of $510,000.Required:For each of the two issues:(i) Discuss the issue, including an assessment of whether it is material;(ii) Recommend ONE procedure the audit team should undertake to try to resolve the issue; and(iii) Describe the impact on the audit report if the issue remains UNRESOLVED.Notes:1 The total marks will be split equally between each of the two issues.2 Audit report extracts are NOT required.
Under INSTITUTE TIME CLAUSES-Hulls，Claims payable ______．A.with deduction new for oldB.without deduction new for oldC.with deduction old for newD.without deduction old for new
What is a route filter?（）A、a list of prefixes that can be configured in a poilcyB、a single prefix that is configured separately and be referenced in a policyC、a list of prefixes that is configured separately and can be referenced in a policyD、a single prefix that can be configured within a policy
In AsyncOS 7.0 for web the choice of Authentication Surrogate is？（）A、 A global settingB、 Defined separately for each Access PolicyC、 Defined separately for each IdentityD、 Defined separately for each malware engine
What is a route filter?（）A、a list of prefixes that can be configured in a policyB、a single prefix that is configured separately, and can be referenced in a policyC、a list of prefixes that is configured separately and can be referenced in a policyD、a single prefix that can be configured within a policy
跑道边灯应为固定灯具，显示可变的白光。（）A、Runway edge lights shall be fixed lights showing variable white.B、Runway middle lights shall be fixed lights showing variable white.C、Runway edge lights shall be fixed lights showing vary white.D、Taxiway edge lights shall be fixed lights showing variable white.
单选题What is a route filter?（）Aa list of prefixes that can be configured in a policyBa single prefix that is configured separately, and can be referenced in a policyCa list of prefixes that is configured separately and can be referenced in a policyDa single prefix that can be configured within a policy
单选题No deduction is allowed for the（）mess-room in ships having passenger accommodation，which are not also provided with a passengers’ mess-room.AofficerBofficersCofficer'sDofficers’
单选题不同的绑扎工具应分门别类存放。（）ADifferent lashing tools should be used separately.BDifferent lashing tools should be stowed separately.CDifferent lashing wires should be stowed separately.DDifferent lashing bars should be stowed separately.
单选题In AsyncOS 7.0 for web the choice of Authentication Surrogate is？（）A A global settingB Defined separately for each Access PolicyC Defined separately for each IdentityD Defined separately for each malware engine
单选题What is a route filter?（）Aa list of prefixes that can be configured in a poilcyBa single prefix that is configured separately and be referenced in a policyCa list of prefixes that is configured separately and can be referenced in a policyDa single prefix that can be configured within a policy
单选题Allowance for fresh water refers to（）.Athe provision to be provided when the vessel sails in fresh water areaBthe fresh water to be carried by a vesselCthe allowance of fresh water for each crew member when in distress at seaDthe amount of free board decreased when sailing in fresh water area