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4 (a) Router, a public limited company operates in the entertainment industry. It recently agreed with a television
company to make a film which will be broadcast on the television company’s network. The fee agreed for the
film was $5 million with a further $100,000 to be paid every time the film is shown on the television company’s
channels. It is hoped that it will be shown on four occasions. The film was completed at a cost of $4 million and
delivered to the television company on 1 April 2007. The television company paid the fee of $5 million on
30 April 2007 but indicated that the film needed substantial editing before they were prepared to broadcast it,
the costs of which would be deducted from any future payments to Router. The directors of Router wish to
recognise the anticipated future income of $400,000 in the financial statements for the year ended 31 May
2007. (5 marks)
Required:
Discuss how the above items should be dealt with in the group financial statements of Router for the year ended
31 May 2007.
参考答案
更多 “ 4 (a) Router, a public limited company operates in the entertainment industry. It recently agreed with a televisioncompany to make a film which will be broadcast on the television company’s network. The fee agreed for thefilm was $5 million with a further $100,000 to be paid every time the film is shown on the television company’schannels. It is hoped that it will be shown on four occasions. The film was completed at a cost of $4 million anddelivered to the television company on 1 April 2007. The television company paid the fee of $5 million on30 April 2007 but indicated that the film needed substantial editing before they were prepared to broadcast it,the costs of which would be deducted from any future payments to Router. The directors of Router wish torecognise the anticipated future income of $400,000 in the financial statements for the year ended 31 May2007. (5 marks)Required:Discuss how the above items should be dealt with in the group financial statements of Router for the year ended31 May 2007. ” 相关考题
考题
For the year just ended，N company had an earnings of$2 per share and paid a dividend of $1．2 0n its Stock．The growth rate in net income and dividend are both expected to be a constant 7 percent per year,indefinitely．N company has a Beta of 0．8，the risk-free interest rate is 6 percent，and the market risk premium is 8 percent．P Company is very similar to N company in growth rate，risk and dividend payout rati0．It had 20 million shares outstanding and an earnings of$36 million for the year just ended．The earnings will increase to$38．5 million the next year．Requirement：A．Calculate the expected rate of return on N company’S equity．B．Calculate N Company’S current price—eaming ratio and prospective price-earning rati0．C．Using N company’S current price-earning rati0，value P company’S stock price．D．Using N company’S prospective price-earning rati0，value P company’S stock price．
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4 Ryder, a public limited company, is reviewing certain events which have occurred since its year end of 31 October2005. The financial statements were authorised on 12 December 2005. The following events are relevant to thefinancial statements for the year ended 31 October 2005:(i) Ryder has a good record of ordinary dividend payments and has adopted a recent strategy of increasing itsdividend per share annually. For the last three years the dividend per share has increased by 5% per annum.On 20 November 2005, the board of directors proposed a dividend of 10c per share for the year ended31 October 2005. The shareholders are expected to approve it at a meeting on 10 January 2006, and adividend amount of $20 million will be paid on 20 February 2006 having been provided for in the financialstatements at 31 October 2005. The directors feel that a provision should be made because a ‘valid expectation’has been created through the company’s dividend record. (3 marks)(ii) Ryder disposed of a wholly owned subsidiary, Krup, a public limited company, on 10 December 2005 and madea loss of $9 million on the transaction in the group financial statements. As at 31 October 2005, Ryder had nointention of selling the subsidiary which was material to the group. The directors of Ryder have stated that therewere no significant events which have occurred since 31 October 2005 which could have resulted in a reductionin the value of Krup. The carrying value of the net assets and purchased goodwill of Krup at 31 October 2005were $20 million and $12 million respectively. Krup had made a loss of $2 million in the period 1 November2005 to 10 December 2005. (5 marks)(iii) Ryder acquired a wholly owned subsidiary, Metalic, a public limited company, on 21 January 2004. Theconsideration payable in respect of the acquisition of Metalic was 2 million ordinary shares of $1 of Ryder plusa further 300,000 ordinary shares if the profit of Metalic exceeded $6 million for the year ended 31 October2005. The profit for the year of Metalic was $7 million and the ordinary shares were issued on 12 November2005. The annual profits of Metalic had averaged $7 million over the last few years and, therefore, Ryder hadincluded an estimate of the contingent consideration in the cost of the acquisition at 21 January 2004. The fairvalue used for the ordinary shares of Ryder at this date including the contingent consideration was $10 per share.The fair value of the ordinary shares on 12 November 2005 was $11 per share. Ryder also made a one for fourbonus issue on 13 November 2005 which was applicable to the contingent shares issued. The directors areunsure of the impact of the above on earnings per share and the accounting for the acquisition. (7 marks)(iv) The company acquired a property on 1 November 2004 which it intended to sell. The property was obtainedas a result of a default on a loan agreement by a third party and was valued at $20 million on that date foraccounting purposes which exactly offset the defaulted loan. The property is in a state of disrepair and Ryderintends to complete the repairs before it sells the property. The repairs were completed on 30 November 2005.The property was sold after costs for $27 million on 9 December 2005. The property was classified as ‘held forsale’ at the year end under IFRS5 ‘Non-current Assets Held for Sale and Discontinued Operations’ but shown atthe net sale proceeds of $27 million. Property is depreciated at 5% per annum on the straight-line basis and nodepreciation has been charged in the year. (5 marks)(v) The company granted share appreciation rights (SARs) to its employees on 1 November 2003 based on tenmillion shares. The SARs provide employees at the date the rights are exercised with the right to receive cashequal to the appreciation in the company’s share price since the grant date. The rights vested on 31 October2005 and payment was made on schedule on 1 December 2005. The fair value of the SARs per share at31 October 2004 was $6, at 31 October 2005 was $8 and at 1 December 2005 was $9. The company hasrecognised a liability for the SARs as at 31 October 2004 based upon IFRS2 ‘Share-based Payment’ but theliability was stated at the same amount at 31 October 2005. (5 marks)Required:Discuss the accounting treatment of the above events in the financial statements of the Ryder Group for the yearended 31 October 2005, taking into account the implications of events occurring after the balance sheet date.(The mark allocations are set out after each paragraph above.)(25 marks)
考题
3 (a) Leigh, a public limited company, purchased the whole of the share capital of Hash, a limited company, on 1 June2006. The whole of the share capital of Hash was formerly owned by the five directors of Hash and under theterms of the purchase agreement, the five directors were to receive a total of three million ordinary shares of $1of Leigh on 1 June 2006 (market value $6 million) and a further 5,000 shares per director on 31 May 2007,if they were still employed by Leigh on that date. All of the directors were still employed by Leigh at 31 May2007.Leigh granted and issued fully paid shares to its own employees on 31 May 2007. Normally share options issuedto employees would vest over a three year period, but these shares were given as a bonus because of thecompany’s exceptional performance over the period. The shares in Leigh had a market value of $3 million(one million ordinary shares of $1 at $3 per share) on 31 May 2007 and an average fair value of$2·5 million (one million ordinary shares of $1 at $2·50 per share) for the year ended 31 May 2007. It isexpected that Leigh’s share price will rise to $6 per share over the next three years. (10 marks)Required:Discuss with suitable computations how the above share based transactions should be accounted for in thefinancial statements of Leigh for the year ended 31 May 2007.
考题
(c) At 1 June 2006, Router held a 25% shareholding in a film distribution company, Wireless, a public limitedcompany. On 1 January 2007, Router sold a 15% holding in Wireless thus reducing its investment to a 10%holding. Router no longer exercises significant influence over Wireless. Before the sale of the shares the net assetvalue of Wireless on 1 January 2007 was $200 million and goodwill relating to the acquisition of Wireless was$5 million. Router received $40 million for its sale of the 15% holding in Wireless. At 1 January 2007, the fairvalue of the remaining investment in Wireless was $23 million and at 31 May 2007 the fair value was$26 million. (6 marks)Required:Discuss how the above items should be dealt with in the group financial statements of Router for the year ended31 May 2007.Required:Discuss how the above items should be dealt with in the group financial statements of Router for the year ended31 May 2007.
考题
(d) Additionally Router purchased 60% of the ordinary shares of a radio station, Playtime, a public limited company,on 31 May 2007. The remaining 40% of the ordinary shares are owned by a competitor company who owns asubstantial number of warrants issued by Playtime which are currently exercisable. If these warrants areexercised, they will result in Router only owning 35% of the voting shares of Playtime. (4 marks)Required:Discuss how the above items should be dealt with in the group financial statements of Router for the year ended31 May 2007.
考题
5 The directors of Quapaw, a limited liability company, are reviewing the company’s draft financial statements for theyear ended 31 December 2004.The following material matters are under discussion:(a) During the year the company has begun selling a product with a one-year warranty under which manufacturingdefects are remedied without charge. Some claims have already arisen under the warranty. (2 marks)Required:Advise the directors on the correct treatment of these matters, stating the relevant accounting standard whichjustifies your answer in each case.NOTE: The mark allocation is shown against each of the three matters
考题
3 Damian is the finance director of Linden Limited, a medium sized, unquoted, UK trading company, with a 31 Julyyear end. Damian personally owns 10% of the ordinary issued share capital of Linden Limited, for which he paid￡10,000 in June 1998. He estimates that the current market value of Linden Limited is ￡9 million and that thecompany will make taxable profits of ￡1·4 million in the forthcoming year to 31 July 2007.(a) Damian believes that Linden Limited should conduct its activities in a socially responsible manner and to thisend has proposed that in future all cars purchased by the company should be low emission vehicles. The salesdirector has stated that several of his staff, who are the main recipients of company cars, other than the directors,are extremely unhappy with this proposal, perceiving it as downgrading their value and status.The cars currently provided to the sales staff have a list price of ￡19,600, on which Linden Limited receives abulk purchase discount of 6% from the dealer, and a CO2 emission rate of 168 grams/kilometre. The companypays for up to ￡400 of accessories, of the salesmen’s own choice to be fitted to the cars and all of the runningcosts, including private petrol. The cars are replaced every three years and the ‘old’ cars are sold at auction,because they are high mileage vehicles.The low emission cars it is proposed to purchase will have the same list price as the current cars, but the dealeris only prepared to offer a bulk discount of 5% on these vehicles. Damian does not propose to make any otherchanges to Linden Limited’s company car policy or practice.Required:(i) Explain the tax consequences of the proposed move to low emission vehicles for both the individualsalesmen and Linden Limited, illustrating your answer by means of relevant calculations of the tax andnational insurance (NIC) savings arising. (9 marks)
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听力原文：The owners of limited companies are people who have bought shares in the company.(6)A．The shareholders are the owners of limited companies.B．Shareholders deposit their money in the limited companies.C．The shareholders can sell shares of limited companies to the public.D．Shareholders of limited companies are able to make profits continuously.
考题
Since all the goods have been cased up according to the S／C, it would be too late to make a change even if we agreed to.(英译中)
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A company wants to secure access to its internal wireless network. The company wants to use themost secure means to access the network. Which of the following is the BEST choice for wireless security in this situation?（）A. WEP encryptionB. Channel rotationC. Disable SSIDD. WPA encryption
考题
They were arranging the entertainment at the company’s annual dealer（ ）.A.congress
B.convention
C.conference
D.assembly
考题
For the year just ended, N company had an earnings of$ 2 per share and paid a dividend of $ 1. 2 on its stock. The growth rate in net income and dividend are both expected to be a constant 7 percent per year, indefinitely. N company has a Beta of 0. 8, the risk - free interest rate is 6 percent, and the market risk premium is 8 percent.
P Company is very similar to N company in growth rate, risk and dividend. payout ratio. It had 20 million shares outstanding and an earnings of $ 36 million for the year just ended. The earnings will increase to $ 38. 5 million the next year.
Requirement :
A. Calculate the expected rate of return on N company 's equity.
B. Calculate N Company 's current price-earning ratio and prospective price - earning ratio.
C. Using N company 's current price-earning ratio, value P company 's stock price.
D. Using N company 's prospective price - earning ratio, value P company 's stock price.
考题
As far back as he could remember,Larry had longed to go to Hollywood and become a film star．The young man's hopes for success were broken again and again,however．Hollywood just did not seem interested．When he first came to California Larry had decided never to give up and return home without success．Therefore,he kept on trying．Someday,he told himself,his big opportunity would come.
Larry found a job parking cars for one of Hollywood's big restaurants．His pay was basic,but since the guests were kind enough to give him more money,he managed to make a living.
One day he recognized an important film director driving into the parking lot and getting out of his car．Larry had recently heard that the man was ready to make a new picture.
Larry got into the car and prepared to drive it on into the lot and park it．Then he stopped,jumped out,and ran over to the director．"Excuse me,sir,but I think it's only fair to tell you that it's now or never if you want me in your next picture．A lot of big companies are after me."
Instead of pushing away the boy,the director got interested in Larry's words and stopped．"Yes?
Which companies?"he asked.
"Well,"replied the boy,"there's the telephone company,the gas company,and the electric company,to tell you only a few."
The director laughed,then wrote something on a card and handed it to the young man．"Come and see me tomorrow."
Larry got a small part in the director's next film．He was on his way!
Which of the following was Larry interested in?A.Working as a waite
B.Becoming a film sta
C.Parking cars for film star
D.Never going hom
考题
As far back as he could remember,Larry had longed to go to Hollywood and become a film star．The young man's hopes for success were broken again and again,however．Hollywood just did not seem interested．When he first came to California Larry had decided never to give up and return home without success．Therefore,he kept on trying．Someday,he told himself,his big opportunity would come.
Larry found a job parking cars for one of Hollywood's big restaurants．His pay was basic,but since the guests were kind enough to give him more money,he managed to make a living.
One day he recognized an important film director driving into the parking lot and getting out of his car．Larry had recently heard that the man was ready to make a new picture.
Larry got into the car and prepared to drive it on into the lot and park it．Then he stopped,jumped out,and ran over to the director．"Excuse me,sir,but I think it's only fair to tell you that it's now or never if you want me in your next picture．A lot of big companies are after me."
Instead of pushing away the boy,the director got interested in Larry's words and stopped．"Yes?
Which companies?"he asked.
"Well,"replied the boy,"there's the telephone company,the gas company,and the electric company,to tell you only a few."
The director laughed,then wrote something on a card and handed it to the young man．"Come and see me tomorrow."
Larry got a small part in the director's next film．He was on his way!
Why did Larry find a job parking cars?A.Because he liked the jo
B.Because the parking lot was near Hollywoo
C.To make a living and wait for the opportunit
D.To see a lot of film stars and work for the
考题
In____, the company owns and operates four television stations.
A.addition
B.plus
C.also
D.more
考题
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New Product Will Save livesDrinking water that looks clean may still contain bugs（虫子）,which can cause illness. A small company called Genera Technologies has produced a testing method in three stages,which shows whether water is safe.The new test shows if water needs chemicals added to it,to destroy anything harmful.It was invented by scientist Dr. Adrian Parton, who started Genera five years ago.He and his employees have developed the test together with a British water company.Andy Headland,Genera's marketing director,recently presented the test at a conference in the USA and forecast good American sales for it.Genera has already sold 11 of its tests at$42,500 a time in the UK and has a further four on order. It expects to sell another 25 tests before the end of March.The company says it is the only test in the UK to be approved by the government.Genera was formed five years ago and until October last year had only five employees; it now employs 14.Mr Headland believes that the company should make around$19 million by the end of the year in the UK alone.Genera has increased the number of its employees recently.A:Right B:Wrong C:Not mentioned
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New Product Will Save livesDrinking water that looks clean may still contain bugs（虫子）,which can cause illness. A small company called Genera Technologies has produced a testing method in three stages,which shows whether water is safe.The new test shows if water needs chemicals added to it,to destroy anything harmful.It was invented by scientist Dr. Adrian Parton, who started Genera five years ago.He and his employees have developed the test together with a British water company.Andy Headland,Genera's marketing director,recently presented the test at a conference in the USA and forecast good American sales for it.Genera has already sold 11 of its tests at$42,500 a time in the UK and has a further four on order. It expects to sell another 25 tests before the end of March.The company says it is the only test in the UK to be approved by the government.Genera was formed five years ago and until October last year had only five employees; it now employs 14.Mr Headland believes that the company should make around$19 million by the end of the year in the UK alone.Genera Technologies orders 25 more tests before the end of the year.A:Right B:Wrong C:Not mentioned
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共用题干
New Product Will Save livesDrinking water that looks clean may still contain bugs（虫子）,which can cause illness. A small company called Genera Technologies has produced a testing method in three stages,which shows whether water is safe.The new test shows if water needs chemicals added to it,to destroy anything harmful.It was invented by scientist Dr. Adrian Parton, who started Genera five years ago.He and his employees have developed the test together with a British water company.Andy Headland,Genera's marketing director,recently presented the test at a conference in the USA and forecast good American sales for it.Genera has already sold 11 of its tests at$42,500 a time in the UK and has a further four on order. It expects to sell another 25 tests before the end of March.The company says it is the only test in the UK to be approved by the government.Genera was formed five years ago and until October last year had only five employees; it now employs 14.Mr Headland believes that the company should make around$19 million by the end of the year in the UK alone.The new product has been a commercial success in the USA.A:Right B:Wrong C:Not mentioned
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共用题干
New Product Will Save livesDrinking water that looks clean may still contain bugs（虫子）,which can cause illness. A small company called Genera Technologies has produced a testing method in three stages,which shows whether water is safe.The new test shows if water needs chemicals added to it,to destroy anything harmful.It was invented by scientist Dr. Adrian Parton, who started Genera five years ago.He and his employees have developed the test together with a British water company.Andy Headland,Genera's marketing director,recently presented the test at a conference in the USA and forecast good American sales for it.Genera has already sold 11 of its tests at$42,500 a time in the UK and has a further four on order. It expects to sell another 25 tests before the end of March.The company says it is the only test in the UK to be approved by the government.Genera was formed five years ago and until October last year had only five employees; it now employs 14.Mr Headland believes that the company should make around$19 million by the end of the year in the UK alone.Before he set up Genera,Dr. Parton had worked for a British water company.A:Right B:Wrong C:Not mentioned
考题
You need to design router redundancy on the Company network. Which three protocols could be chosen for IP routing redundancy to protect against first-hop router failure？（）A、 GLBPB、 ICMPC、 MSTPD、 HSRPE、 VRRPF、 NHRP
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A company wants to secure access to its internal wireless network. The company wants to use themost secure means to access the network. Which of the following is the BEST choice for wireless security in this situation?（）A、WEP encryptionB、Channel rotationC、Disable SSIDD、WPA encryption
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Which should be the key driver for a company security policy’s creation， implementation and enforcement？（）A、 the business knowledge of the IT staffB、 the technical knowledge of the IT staffC、 the company’s business objectivesD、 the company’s network topologyE、 the IT future directions
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You are the administrator of your company’s network. Using Windows Installer packages， you want to install customized versions of Microsoft Excel on different departments in the company. Which type of file should you apply to the installation database？（）A、msiB、mstC、zapD、zip
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问答题Read the passage carefully and answer questions 1 to 5. Answer each question in a maximum of 10 words. Remember to write the answers on the answer sheet Would you like to orbit the Earth inside the International Space Station? Now you can take a space holiday—for a price. This is due to a recent decision by top space officials of the United States, Russia, Canada, Japan and the European Space Agency. Last April, American businessman Dennis Tito reportedly paid between twelve-million and twenty-million dollars to spend one week on the International Space Station. NASA had strongly objected to the Russian plan to permit a civilian on the costly research vehicle. After two years of negotiations, space officials have agreed on a process to train private citizens to take trips to the International Space Station. NASA recently agreed to conditions that will permit Russia to sell trips to the space station. The trips are planned by an American company called Space Adventures Limited of Arlington, Virginia. The company calls itself “the world’s leading space tourism company.” The company has sold a space trip to Mark Shuttleworth, a South African businessman. In April, Mister Shuttleworth will be launched into space from the Baikonur Cosmodrome in Kazakhstan. Yet, the average citizen will not be able to travel into space in the near future. Space Adventures Limited sells a training program for space flight that costs two-hundred-thousand dollars. That price does not include the cost of the trip to the International Space Station. That holiday in space costs twenty-million dollars. Candidates for adventure space travel trips must be in excellent health and must pass difficult health tests. They must receive a lot of training and all successful candidates who wish to travel to the International Space Station must be able to read and speak English. Questions: 1．How much did American businessman Dennis Tito pay to spend one week on the International Space Station? 2．Why Mark Shuttleworth, a South African businessman, is mentioned in the passage? 3．What was NASA’s original attitude towards the Russian plan to permit a civilian on the International Space Station? 4．How much should one pay for a trip to the International Space Station? 5．According to the last paragraph, what conditions must a candidate of space travel meet?
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单选题In order to increase revenues, a cellphone company has decided to change its fee structure. Instead of charging a flat rate of $20 per month and $0.05 for every minute over 200 minutes, the company will now charge $50 per month for unlimited usage. Which of the following is a consideration that, if true, suggests that the new plan will not actually increase the company’s revenues?A
A rival company, which charges no start-up fee, offers an unlimited calling plan for $40 per month.B
Two-thirds of the company’s customers use less than 500 minutes per month.C
Studies have shown that customers using unlimited calling plans will increase their monthly usage of minutes by over 50 percent.D
One-fifth of the company’s customers use in excess of 1,000 minutes per month.E
In recent months the company has received several complaints of insufficient signal strength and poor customer service.
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单选题Which should be the key driver for a company security policy’s creation， implementation and enforcement？（）A
the business knowledge of the IT staffB
the technical knowledge of the IT staffC
the company’s business objectivesD
the company’s network topologyE
the IT future directions
考题
多选题You need to design router redundancy on the Company network. Which three protocols could be chosen for IP routing redundancy to protect against first-hop router failure？（）AGLBPBICMPCMSTPDHSRPEVRRPFNHRP
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