f3模拟答案2017年6月

F3模考题答案

1.D

2.D

3.B

4.1and45.B

6.B

7.D

A

Costofsales=openinginventory+purchases-closinginventoryCostofsales=6,700+84,000-5,400=$85,300

Markup=grossprofit/cost=(sales-costofsales)/costofsales=20%Grossprofit=20%*85,300= $17,060

C

在31October2016的fire影响了closinginventory的数额，进而影响了costofsales,因此题目当中出现的costofsales是不正确的。需要用sales和markup倒推出closinginventory，costofsales+50%*costofsales=Sales，从而

costofsales=281,250/1.5=187,500

正确的closinginventory=Openinginventory+Purchases-costofsales

=183,600+249,200-187,500=245,300

inventoryloss=245,300-204,600=40,700.

或者直接为Lossofinventory=$228,200–187,500=$40,700

D

C

D

A

52,500

C

A

DrIrrecoverabledebtsexpenses (Statementofprofitorloss)CrTradereceivables (Statementoffinancialposition)

D

C

C$375.00owedtothetaxauthorities.Outputtaxonsales$750.00(5,750/1.15*0.15)lessinputtaxonpurchases$375.00(2,500*0.15),leavesanetamountof$375.00duetothetaxauthorities.

B

A

BUndertheimprestsystem,areimbursementwhichequalsthetotalofexpensevoucherspaidoutismadeatintervalstomaintainthepettycashbalanceatacertainamount.

D

AThesaleisrecordedas$9,800($10,000–$200tradediscount).Discountallowedisthen5%×$9,800=$490.

B

D

A

C

A

Profit=movementinnetassets–capitalintroduced+drawingsProfit=(180,000–101,700)–8,000+2,200

Profit=$72,500

A

Tradepayables

Bal.b/f

60,000

Cashpaidtosuppliers

302,800

Discountsreceived

2,960

Purchases(bal.

) 331,760

Contra

2,000

Bal.c/f

84,000

391,760

391,760

D

D

Consideration=60,000*3.5=210,000Fairvalueofsubsidiary=50,000Goodwill=160,000

C

SectionB

(a)$139,948.

Sales=341,726

costofsales=openinginventory+purchase-closinginventorycostofsales=14,310+202,419+376-15,327=201,778

Grossprofit=139,948.

$49,260

49,750

assets-liability=netassets

Assets=15,327+49,633+20,877=85,837

liability=32,792+3,295=36,087netassets=49,750

A

Theoverdraftisacurrentliabilityandmustnotbedeductedfromanycashbalances;thebankloanisanon-currentliabilityasitisnotdueforpaymentformorethan12monthsfromthereportingdate.

A

'Profit'onrevaluationmustbecreditedtoarevaluationsurplus,nottoretainedearningsfortheyear.

$44,260

$

Profitbeforetax

49,260

Tax

(5,000)

Retainedearningsfortheyear

44,260

JESSICAGROUP

Consolidatedstatementofprofitorlossfortheyearended31december20x7

$m

Revenue(7,500+3,000–5) 10,495

Costofsales

(4,000+1,600–5+1)

(5,596)

Grossprofit

4,899

Operatingexpenses(2,000+500)

(2,500)

Profitbeforetaxation

2,399

Incometaxes(300+120)

(420)

Profitfortheyear

1,979

Intra-grouptrading

Sellingprice 5

Cost

3

Profit

2

Unrealised50%