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Questions: 1/15

Question

A first-time adopter of IFRS recognize the adjustments is required to present its opening IFRS statement of financial position in which of the following methods?

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Questions: 2/15

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Who has the signing authority (Returns) in case of an mentally incapacitated individual ?

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Questions: 3/15

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Which of the following is not covered by SFAC 7, Using Cash Flow Information and Present Value in Accounting Measurements?

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Questions: 4/15

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A shareholder in a company___________.

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Questions: 5/15

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Accounting rate of return(ARR) is based on _____________.

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Questions: 6/15

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Which of the following statement is false

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Questions: 7/15

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Upon first-time adoption of IFRS, an entity may elect to use fair value as deemed cost for

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Questions: 8/15

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The rule 'debit what comes in and credit what goes out' is applicable to _____________.

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Questions: 9/15

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A private company is to become a public company if its average turnover in the previous three years exceeds___________.

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Questions: 10/15

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For shares issued to promotors for their services, account debited is

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Questions: 11/15

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Temporary differences arise when revenues are taxable I. After they are recognized in financial income II. Before they are recognized in financial income

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Questions: 12/15

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Which of the following is not a fact of EPA?

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Questions: 13/15

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To enable a company to pay dividends, a special authority is ___________.

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Questions: 14/15

Question

____________ on dividend is paid by a domestic company.

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Questions: 15/15

Question

When applying analytical procedures, an auditor could develop independent estimate of an account balance to compare it

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