Which of the following is a feature of a direct tax?
Which of the following is a feature of a direct tax?A . The formal incidence and effective incidence are usually the same.B . It is levied on one part of the economy with the...
An entity has an inventory holding period of 52 days.
April 16, 2021PdfprepCIMAPRA19-F01-1-ENGProfessional Qualification, CIMAPRA19-F01-1-ENG exam questions, CIMAPRA19-F01-1-ENG practice exam
Pdfprep2021-04-16T03:55:11+00:00An entity has an inventory holding period of 52 days. This means that the inventory:A . takes 52 days to arrive after it has been ordered.B . stays in the entity's warehouse for an...
CORRECT TEXT
April 15, 2021PdfprepCIMAPRA19-F01-1-ENGProfessional Qualification, CIMAPRA19-F01-1-ENG exam questions, CIMAPRA19-F01-1-ENG practice exam
Pdfprep2021-04-15T18:03:47+00:00CORRECT TEXT XY acquired 75% of the equity shares of CD on 1 January 20X2 for $230,000. On 1 January 20X2 CD had the following balances: XY uses the proportionate share of net assets...
YZ has $40,000 of plant and machinery which was acquired on 1 June 20X1.Tax depreciation rates on plant and machinery are 25% reducing balance. All plant and machinery was sold for $24,000 on 1 June 20X3.
April 14, 2021PdfprepCIMAPRA19-F01-1-ENGProfessional Qualification, CIMAPRA19-F01-1-ENG exam questions, CIMAPRA19-F01-1-ENG practice exam
Pdfprep2021-04-14T07:04:35+00:00YZ has $40,000 of plant and machinery which was acquired on 1 June 20X1.Tax depreciation rates on plant and machinery are 25% reducing balance. All plant and machinery was sold for $24,000 on 1...
FG purchased 40% of the equity shares of QR and exerted significant influence over the board of the directors
April 12, 2021PdfprepCIMAPRA19-F01-1-ENGCIMAPRA19-F01-1-ENG practice exam, Professional Qualification, CIMAPRA19-F01-1-ENG exam questions
Pdfprep2021-04-12T00:18:09+00:00HOTSPOT FG purchased 40% of the equity shares of QR and exerted significant influence over the board of the directors. QR will be classified as____of FG. View AnswerAnswer:
Which of the following is not a possible tax rate structure?
April 11, 2021PdfprepCIMAPRA19-F01-1-ENGCIMAPRA19-F01-1-ENG exam questions, CIMAPRA19-F01-1-ENG practice exam, Professional Qualification
Pdfprep2021-04-11T23:17:45+00:00Which of the following is not a possible tax rate structure?A . ProgressiveB . ProportionalC . DirectD . RegressiveView AnswerAnswer: C
Within OO’s statement of cash flow for the year ended 31 March 20X2 which figures should be included to reflect the changes in working capital within the net cash flow from operating activities?
April 11, 2021PdfprepCIMAPRA19-F01-1-ENGProfessional Qualification, CIMAPRA19-F01-1-ENG exam questions, CIMAPRA19-F01-1-ENG practice exam
Pdfprep2021-04-11T14:14:13+00:00The following information is extracted from OO's statement of financial position at 31 March: Included in other payables is interest payable of $80,000 at 31 March 20X2 and $73,000 at 31 March 20X1. The...
Which THREE of the following would be included in a cash budget?
April 11, 2021PdfprepCIMAPRA19-F01-1-ENGCIMAPRA19-F01-1-ENG exam questions, CIMAPRA19-F01-1-ENG practice exam, Professional Qualification
Pdfprep2021-04-11T08:05:12+00:00Which THREE of the following would be included in a cash budget?A . Interest paymentsB . Depreciation on machineryC . Salaries paid to staffD . Impairment of goodwillE . Profit on disposal of motor...