[Free] 2017(June) Ensurepass Pass4sure CPA FR Actual Tests 41-50

Ensurepass2017 June CPA Official New Released FR Q&As100% Free Download! 100% Pass Guaranteed!http://www.ensurepass.com/FR.htmlFinancial Reporting QUESTION 41 On 1 July 2012 Verity Ltd entered into a finance lease agreement. The terms of the agreement provided for annual payments of $5,000 on 1 July each year. The asset had a fair value at the inception of the lease of $25,000. $750 of interest in relation to this agreement was paid and charged to the income statement in the year ended 30 June Read more […] Read more »

[Free] 2017(June) Ensurepass Pass4sure CPA FR Actual Tests 31-40

Ensurepass2017 June CPA Official New Released FR Q&As100% Free Download! 100% Pass Guaranteed!http://www.ensurepass.com/FR.htmlFinancial Reporting QUESTION 31 The financial statements of Louise Ltd for the year ended 31 December 2012 were approved for publication on 20 May, 2013. The following events occurred after the reporting period:   (i) The directors declared a dividend of 50c per ordinary share on 17 February 2013. Louise Ltd has 200,000 $1 ordinary shares in issue.   (ii) An Read more […] Read more »

[Free] 2017(June) Ensurepass Pass4sure CPA FR Actual Tests 21-30

Ensurepass2017 June CPA Official New Released FR Q&As100% Free Download! 100% Pass Guaranteed!http://www.ensurepass.com/FR.htmlFinancial Reporting QUESTION 21 Ant plc purchased 80% of Pillar Ltd’s ordinary shares on 1 July 2010 for $2,360,000 when the fair value of Corfu Ltd’s net assets was $2,240,000. As at 30 June 2012 Ant plc hadrecognizedimpairments in respect of goodwill arising on the acquisition of Pillar Ltd amounting to $100,000. On 30 June 2013, Ant plc sold all its shares in Pillar Read more […] Read more »

[Free] 2017(June) Ensurepass Pass4sure CPA FR Actual Tests 11-20

Ensurepass2017 June CPA Official New Released FR Q&As100% Free Download! 100% Pass Guaranteed!http://www.ensurepass.com/FR.htmlFinancial Reporting QUESTION 11 MacDougal Cereal sold 100 barrels of Cereal No 1 to the Scots Bank, on 30 June 2013 for $100 per barrel. When Cereal No 1 is mature in two years, it will be worth $500 per barrel. MacDougal retains custody of the barrels. The sale contract contains a clause requiring MacDougal to repurchase the barrels on 30 June 2015 for $150 per barrel. Read more […] Read more »

[Free] 2017(June) Ensurepass Pass4sure CPA FR Actual Tests 1-10

Ensurepass2017 June CPA Official New Released FR Q&As100% Free Download! 100% Pass Guaranteed!http://www.ensurepass.com/FR.htmlFinancial Reporting QUESTION 1 Roland Ltd has loan of 6% redeemable preference shares in issue. They are redeemable on 31 December 2012. In accordance with IAS 32 Financial Instruments: Presentation, where are these to be disclosed in the statement of financial position as at 31 December 2012?   A. Non-current liabilities B. Current liabilities C. Equity Read more […] Read more »