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(d) Sirus raised a loan with a bank of $2 million on 1 May 2007. The market interest rate
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(c) On 1 May 2007 Sirus acquired another company, Marne plc. The directors of Marne, who w
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(b) When a director retires, amounts become payable to the director as a form. of retireme
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(b) One of the hotels owned by Norman is a hotel complex which includes a theme park, a ca
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(c) Discuss how the manipulation of financial statements by company accountants is inconsi
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(b) Prepare a consolidated statement of financial position of the Ribby Group at 31 May 20
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(b) Discuss the key issues which will need to be addressed in determining the basic compon
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4 The International Accounting Standards Board (IASB) has begun a joint project to revisit
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(b) (i) Discusses the principles involved in accounting for claims made under the above wa
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(c) Discuss the ethical and social responsibilities of the Beth Group and whether a change
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(b) Describe to the Beth Group the possible advantages of producing a separate environment
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(b) Discuss the view that fair value is a more relevant measure to use in corporate report
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5 Financial statements have seen an increasing move towards the use of fair values in acco
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(d) Additionally Router purchased 60% of the ordinary shares of a radio station, Playtime,
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(c) At 1 June 2006, Router held a 25% shareholding in a film distribution company, Wireles
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(b) Router has a number of film studios and office buildings. The office buildings are in
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4 (a) Router, a public limited company operates in the entertainment industry. It recently
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(b) On 31 May 2007, Leigh purchased property, plant and equipment for $4 million. The supp
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3 (a) Leigh, a public limited company, purchased the whole of the share capital of Hash, a
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(c) Wader is reviewing the accounting treatment of its buildings. The company uses the ‘re
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