单选题 Sliver Finance acquired a new car. The purchase price of the car was $100,000. The transportation cost was bringing the car from manufacturer to carport that cost $50,000. Also, Sliver Finance incurred $2,000 consulting fees. Therefore, what cost should be recorded into the asset register?

单选题 What are appropriate qualitative characteristics of financial information given by the IASB's Conceptual Framework for Financial Reporting?

单选题 Which of the following statements regarding partnerships is correct?

单选题 Which of the following statements is/are true? 

1 The directors of a company are ultimately responsible for the preparation of financial statements, even if the majority of the work on them is performed by the finance department. 

2 If financial statements are audited, then the responsibility for those financial statements instead falls on the auditors instead of the directors. 

3 There are generally no laws surrounding the duties of directors in managing the affairs of a company. 

单选题 Which of the following statements is/are true? 

1 Directors of companies have a duty of care to show reasonable competence in their management of the affairs of a company.

2 Directors of companies must act honestly in what they consider to be the best interest of the company.

3 A Director’s main aim should be to create wealth for the shareholders of the company.

单选题 Which of the following statements is the best discription regarding corporate governance?

单选题 Which of the following statements about accounting concepts and policies is/are correct? 

1 Companies should never change the presentation or classification of items in their financial statements, even if there is a significant change in the nature of operations. 

2 Companies should create provisions in times of company growth to be utilised in more difficult times, to smooth profits. 

单选题 Sales revenue should be recognized when goods and services have been supplied; costs are incurred when goods and services have been received. Which accounting concept governs the above?

单选题 Which of the following are advantages of trading as a limited liability company? 

1 Operating as a limited liability company makes raising finance easier because additional shares can be issued to raise additional cash. 

2 Operating as a limited liability company is more risky than operating as a sole trader because the shareholders of a business are liable for all the debts of the business whereas the sole trader is only liable for the debts up to the amount he has invested.