F1 Exam Dumps | On 1 July 20X7, VWX enters into a 12-month lease for personal computers paying a non-refundable deposit

Home
CIMA
Financial Reporting
CIMA.F1.v2024-01-08.q114
Question 100

Valid F1 Dumps shared by ExamDiscuss.com for Helping Passing F1 Exam! ExamDiscuss.com now offer the newest F1 exam dumps, the ExamDiscuss.com F1 exam questions have been updated and answers have been corrected get the newest ExamDiscuss.com F1 dumps with Test Engine here:

Access F1 Dumps Premium Version
(247 Q&As Dumps, 35%OFF Special Discount Code: freecram)

<< Prev Question Next Question >>

Question 100/114

On 1 July 20X7, VWX enters into a 12-month lease for personal computers paying a non-refundable deposit of $600. Lease payments of $500 are paid monthly in arrears. VWX chooses to recognise the assets in the lease as short life and low value Which of the following gives the correct value for the expense in the statement of profit or loss and corresponding prepayment and accrual in VWX's statement of financial position for the year ended 31 December 20X7?

Correct Answer: D

Your email address will not be published. Required fields are marked *

Comment: *

Name: *

Email: *

Rating: *

Verification: *

Question List (114q): Question 1: XYZ's accounting profit for the last reporting period is $20...; Question 2: XY acquired 75% of the equity shares of CD on 1 January 20X2...; Question 3: In which of the following concepts is profit an increase in ...; Question 4: An asset cost $250,000 on 1 January 20X1 and on that date wa...; Question 5: EFG purchased an asset on 1 January 20X5 for $24,000. On tha...; Question 6: UV has recently been having cash flow issues due to its cred...; Question 7: (Exhibit); Question 8: CDE has been offering its customers a 50-day credit period, ...; Question 9: XYZ operates in Country P where the tax rules state entertai...; Question 10: Statements of financial position as at 31 December 20X8 for ...; Question 11: XYZ has the following data relating to the forecast sale of ...; Question 12: EF has been offering its customers a 60 day credit period, b...; Question 13: Which THREE of the following statements are NOT true of the ...; Question 14: GH's tax liability at 30 June 20X3 in respect of the tax cha...; Question 15: Company R use a defined benefit plan pension scheme. Employe...; Question 16: There are two main approaches that a country could adopt in ...; Question 17: UK purchased an asset, with a useful economic life of 10 yea...; Question 18: On 1 January 20X2 an entity began work on constructing a fac...; Question 19: Which of the following would be classified as a parent and s...; Question 20: JKL prepares its financial statements to 31 December each ye...; Question 21: An entity's inventory days are 45 days. An entity ceased to ...; Question 22: Below are extracts from LLL's financial statements for the y...; Question 23: Which of the following is a feature of value added tax (VAT)...; Question 24: Which TWO of the following would improve a company's short t...; Question 25: Which of the following is an example of a progressive tax?...; Question 26: Which of the following is not a possible tax rate structure?...; Question 27: UV's financial statements for the year ended 31 March 20X8 w...; Question 28: Country X charges corporate income tax at the rate of 20% on...; Question 29: Identify which of the following are powers that a government...; Question 30: ST has $20,000 of plant and machinery which was acquired on ...; Question 31: An entity bought a capital item for $110,000 on 1 March 20X4...; Question 32: In accordance with IAS 16 Property, Plant and Equipment, in ...; Question 33: LM is preparing its cash forecast for the next three months....; Question 34: Why are excise duties an attractive method of raising tax fo...; Question 35: The United Kingdom (UK) uses a principle based approach to c...; Question 36: EFG prepares financial statements to 31 December each year. ...; Question 37: Which THREE of the following are principles identified by th...; Question 38: The following information relates to AA. Extract of Trial Ba...; Question 39: The following information relates to AA. Extract of Trial Ba...; Question 40: Mr AM is the owner of Waxco Ltd. Mr AM was born in India, bu...; Question 41: In Country X, trading losses in any year can be carried back...; Question 42: Which of the following is NOT a source of short-term finance...; Question 43: When developing local Generally Accepted Accounting Principl...; Question 44: YZ has $40,000 of plant and machinery which was acquired on ...; Question 45: Identify from the list below which items can be recognised a...; Question 46: The following information is extracted from QQ's statement o...; Question 47: At 31 December 20X4 the directors of MNO decide to revalue i...; Question 48: While conducting their audit, auditor 0 did not encounter is...; Question 49: STU has a non-current asset which originally cost $250,000, ...; Question 50: What is the correct classification of a 90-day government bo...; Question 51: Entity RH has an recognised a taxable profit of $1.Smillion ...; Question 52: An entity acquires 100% of the equity shares in another enti...; Question 53: (Exhibit); Question 54: Country X levies corporate income tax at a rate of 25% and c...; Question 55: Select THREE actions that should be taken by a business offe...; Question 56: XYZ operates in Country A where tax rules state that enterta...; Question 57: Refer to the exhibit. (Exhibit) An entity sells 2,000 bags o...; Question 58: For an entity to be exempt from preparing consolidated finan...; Question 59: The following information has been extracted from GHI's stat...; Question 60: XY is an entity incorporated in Country B but operates in se...; Question 61: DEF is considering introducing a Pay-As-You-Earn (PAYE) syst...; Question 62: MNO is a commercial bank. One of MNO's clients is FGH, a tra...; Question 63: The following information is extracted from the trial balanc...; Question 64: An asset has the following values: (Exhibit) If the asset wa...; Question 65: FG purchased 40% of the equity shares of QR and exerted sign...; Question 66: On 1 July 20X8 JKL has 100 units of inventory, which cost $8...; Question 67: A non-executive director of a company is somebody who:...; Question 68: In Country X corporate income tax is levied on profits as fo...; Question 69: Which of the following is NOT a primary need for regulating ...; Question 70: Which of the following is NOT a responsibility of the Intern...; Question 71: In accordance with IFRS 3 Business Combinations, acquisition...; Question 72: If a parent entity is to be exempt from preparing consolidat...; Question 73: During the year a piece of equipment that originally cost $9...; Question 74: On 1 May 20X8 DEF enters into a contract to lease plant with...; Question 75: AB has prepared its financial statements for the year ended ...; Question 76: CDO is an entity that is preparing to apply to its local sto...; Question 77: Country X levies a duty on alcoholic drinks. Where the alcoh...; Question 78: The following information is extracted from the statement of...; Question 79: Statements of financial position for FG, IJ and KL at 31 Dec...; Question 80: What does the exemption method of giving double taxation rel...; Question 81: What does the tax credit method of giving double taxation re...; Question 82: Statements of financial position for YZ, BC and DE at 31 Mar...; Question 83: An entity purchased an asset for $375,000 on 1 November 20X0...; Question 84: MNO is a manufacturer. Which TWO of the following costs will...; Question 85: Which of the following methods could be used by a tax author...; Question 86: Which of the following would be capitalized as an intangible...; Question 87: HI commenced business on 1 April 20X3. Sales in April 20X3 w...; Question 88: DE purchased an asset on 1 January 20X1 for $60,000 with a u...; Question 89: The following information is extracted from the statement of...; Question 90: (Exhibit); Question 91: Statements of financial position for FG, IJ and KL at 31 Dec...; Question 92: Which of the following does the phrase 'events after the rep...; Question 93: Which of the following is the responsibility of the Internat...; Question 94: Which THREE of the following are included within an entity's...; Question 95: The IV Group is formed of I Ltd and its subsidiary company V...; Question 96: AB sells to ST, a group entity, 10,000 units at $2.50 each. ...; Question 97: Which THREE of the following are part of the International A...; Question 98: Whilst undertaking an external audit, the auditor has identi...; Question 99: Statements of financial position for YZ, BC and DE at 31 Mar...; Question 100: On 1 July 20X7, VWX enters into a 12-month lease for persona...; Question 101: RS purchased an asset on 1 May 20X1 for $200,000, exclusive ...; Question 102: In accordance with The Conceptual Framework for Financial Re...; Question 103: Indicate the possible reasons for the changes identified bel...; Question 104: BC manufactures product X and on 1 February 20X4 started a p...; Question 105: An entity purchased equipment on 1 April 20X4 for $200,000. ...; Question 106: The following information relates to ABC. (Exhibit) Which of...; Question 107: The statement of profit or loss for PQ, ST and AB for the ye...; Question 108: AB has been asked to analyze the receivables days of an enti...; Question 109: Which THREE of the following statements about government gra...; Question 110: Mr K is being pressured by his manager to change figures in ...; Question 111: ST has an asset that was classified as held for sale at 30 J...; Question 112: Which of the following is a feature of a direct tax?...; Question 113: Which of the following is NOT a type of supply for value add...; Question 114: The subsidiary company of Group XY has purchased £150,00 wor...

[×]

Download PDF File

Enter your email address to download CIMA.F1.v2024-01-08.q114.pdf

Email:

Disclaimer:
Freecram doesn't offer Real GIAC Exam Questions. Freecram doesn't offer Real SAP Exam Questions. Freecram doesn't offer Real (ISC)² Exam Questions. Freecram doesn't offer Real CompTIA Exam Questions. Freecram doesn't offer Real Microsoft Exam Questions.
Oracle and Java are registered trademarks of Oracle and/or its affiliates.
Freecram material do not contain actual actual Oracle Exam Questions or material.
Microsoft®, Azure®, Windows®, Windows Vista®, and the Windows logo are registered trademarks of Microsoft Corporation.
Freecram Materials do not contain actual questions and answers from Cisco's Certification Exams. The brand Cisco is a registered trademark of CISCO, Inc.
CFA Institute does not endorse, promote or warrant the accuracy or quality of these questions. CFA® and Chartered Financial Analyst® are registered trademarks owned by CFA Institute.
Freecram does not offer exam dumps or questions from actual exams. We offer learning material and practice tests created by subject matter experts to assist and help learners prepare for those exams. All certification brands used on the website are owned by the respective brand owners. Freecram does not own or claim any ownership on any of the brands.

Question 100/114

LEAVE A REPLY

Download PDF File