The example of a current asset is: => Inventories with quick turnover.

Which of the following companies is a going concern? => State-owned company runs out of
cash and is not able to repay its liabilities and salaries on time. According to applicable laws, the state
must provide a low-interest loan to this company.

A company presented its expenses in the profit or loss as follows: cost of sales, administrative
expenses, marketing expenses, distribution expenses and other expenses. This presentation is: =>
By function.

Dividends paid to ordinary shareholders shall be presented: => In the statement of changes in
equity as a decrease in equity.

Working capital is equal to: => Current assets minus current liabilities.

The occurrence that most likely would have no effect on 2019 net income is the => correction
of an error in the financial statements of a prior period discovered subsequent to their issuance.

A manufacturing company recognized a valuation provision to inventories due to their

obsolescence. Does IAS 1 allow offsetting inventory valuation provision against inventory balance in
the statement of financial position: => Yes, because IAS 1 specifically says that this situation is not
offsetting.

Rosalie Corporation is located in London but does business throughout Europe. The company
builds and sells equipment used in manufacturing pharmaceuticals. On December 31, 2019, Rosalie
has trading securities valued at £63,000; goodwill valued at £450,000; prepaid insurance valued at
£36,000; patents valued at £210,000; and a customer list valued at £390,000. On Rosalie
Corporation’s statement of financial position at December 31, 2019, what amount should be reported
as intangible assets? => £1,050,000

What identification information does NOT need to be presented on the face of the financial
statements => Date of preparation of the financial statements.

Which of the following is not an acceptable major asset classification? => Deferred charges

Ví dụ về tài sản ngắn hạn là: => Hàng tồn kho có vòng quay nhanh.

Công ty nào sau đây hoạt động liên tục? => Công ty nhà nước hết tiền mặt và không thể trả các
khoản nợ và tiền lương đúng hạn. Theo luật hiện hành, tiểu bang phải cung cấp một khoản vay lãi suất
thấp cho công ty này.

Một công ty trình bày chi phí của mình trong báo cáo lãi hoặc lỗ như sau: chi phí bán hàng, chi phí
quản lý, chi phí tiếp thị, chi phí phân phối và các chi phí khác. Cách trình bày này là: => Theo chức năng.

Cổ tức trả cho cổ đông phổ thông sẽ được trình bày: => Trong báo cáo thay đổi vốn chủ sở hữu
dưới dạng giảm vốn chủ sở hữu.

Vốn lưu động bằng: => Tài sản ngắn hạn trừ nợ ngắn hạn.

Sự cố có nhiều khả năng sẽ không ảnh hưởng đến thu nhập ròng năm 2019 là việc => sửa chữa sai
sót trong báo cáo tài chính kỳ trước được phát hiện sau khi phát hành.
 Một công ty sản xuất đã ghi nhận một khoản dự phòng định giá cho hàng tồn kho do lỗi thời. IAS 1
có cho phép bù trừ dự phòng định giá hàng tồn kho với số dư hàng tồn kho trên báo cáo tình hình tài
chính không: => Có, vì IAS 1 nói cụ thể là trường hợp này không được bù trừ.

Rosalie Corporation đặt tại London nhưng kinh doanh khắp châu Âu. Công ty xây dựng và bán
thiết bị được sử dụng trong sản xuất dược phẩm. Vào ngày 31 tháng 12 năm 2019, Rosalie có chứng
khoán giao dịch trị giá £63.000; lợi thế thương mại trị giá 450.000 bảng Anh; bảo hiểm trả trước trị giá
£36.000; bằng sáng chế trị giá 210.000 bảng Anh; và một danh sách khách hàng trị giá £390,000. Trên
báo cáo tình hình tài chính của Rosalie Corporation vào ngày 31 tháng 12 năm 2019, số tiền nào sẽ được
báo cáo là tài sản vô hình? => £1.050.000

Thông tin xác định nào KHÔNG cần trình bày trên mặt BCTC => Ngày lập BCTC.

Điều nào sau đây không phải là cách phân loại tài sản lớn được chấp nhận? => Phí trả chậm

The example of a current asset is:

Select one:

a. Available-for-sale financial assets.

b.Trade receivable with payment deferred beyond 1 year.

c. Deferred tax asset

d. Inventories with quick turnover.

Which of the following companies is a going concern?
Select one:

a. A trading company is in serious liquidity problems and a court granted an order to repay debt of
CU 1 000 000 to a creditor immediately. The company must sell its assets in order to settle this liability.

b. A bank suffers in the mortgage crash and a state refuses to bail it out

c.State-owned company runs out of cash and is not able to repay its liabilities and salaries on time.
According to applicable laws, the state must provide a low-interest loan to this company.

d.Oil and gas company operating in Egypt has just received a court order to close the factory and
stop all operations in Egypt within 1 year
A company presented its expenses in the profit or loss as follows: cost of sales,
administrative expenses, marketing expenses, distribution expenses and other
expenses. This presentation is:
Select one:

a.By nature.

b.By operations

c.By segment.

d.By function.

Dividends paid to ordinary shareholders shall be presented:

Select one:

a.In the statement of changes in equity as a decrease in equity.

b.In the statement of profit or loss as other operating expense.

c.In the statement of other comprehensive income as a decrease in equity

d.In the statement of profit or loss as a financial expense.

Working capital is equal to:

a.Current assets minus current liabilities.

b.Current assets.

c.Current liabilities.

d.Current assets plus current liabilities.

The occurrence that most likely would have no effect on 2019 net income is the

a.sale in 2019 of an office building contributed by a stockholder in 1970.

b.stock purchased in 2005 deemed worthless in 2019.

c.correction of an error in the financial statements of a prior period discovered subsequent to their
issuance.

d.collection in 2019 of a dividend from an investment.

A manufacturing company recognized a valuation provision to inventories due to
their obsolescence. Does IAS 1 allow offsetting inventory valuation provision
against inventory balance in the statement of financial position:
Select one:

a.No, because IAS 1 does not permit offsetting of assets and liabilities unless is it allowed by another
standard

b.Yes, because in this case, offsetting leads to better understanding of the financial statements by
their users

c.No, because IAS 1 states that assets and liabilities shall not be offset.

d.Yes, because IAS 1 specifically says that this situation is not offsetting.
osalie Corporation is located in London but does business throughout Europe.
The company builds and sells equipment used in manufacturing
pharmaceuticals. On December 31, 2019, Rosalie has trading securities valued
at £63,000; goodwill valued at £450,000; prepaid insurance valued at £36,000;
patents valued at £210,000; and a customer list valued at £390,000. On Rosalie
Corporation’s statement of financial position at December 31, 2019, what amount
should be reported as intangible assets?

a.£1,113,000

b.£1,149,000
 c.£1,050,000

d.£660,000
What identification information does NOT need to be presented on the face of the
financial statements
Select one:

a.Date of preparation of the financial statements.

b.The presentation currency and the level of rounding.

c.Whether the financial statements are individual or group.

d.Date of the end of the reporting period or the period covered by the set of financial statements or
notes
Which of the following is not an acceptable major asset classification?

a.Deferred charges

b.Current assets

c.Investments

d.Property, plant, and equipment