最新のF1問題集で試験を準備する

Which of the following does the phrase 'events after the reporting period' refer to?

• A. Material events which occur between the statement of financial position date and the date on which the financial statements are approved
• B. Material events which occur after the release of the statement of financial position
• C. Material events which occur between the income statement date and the statement of financial position date
• D. Material events which occur before the statement of financial position date

What does the deduction method of giving double taxation relief mean?

• A. Tax paid in one country may be allowed as a tax deduction another country. Relief is normally restricted to the lower of the foreign or country of residency tax.
• B. Tax paid in one country may be allowed as a tax credit in another country. Relief is normally restricted to the higher of the foreign or country of residency tax.
• C. Tax relief is gained by adding the foreign tax from the foreign income so that the gross amount will be subject to tax in the country of residency.
• D. Tax relief is gained by deducting the foreign tax from the foreign income so that only the "net" amount will be subject to tax in the country of residency.

Which THREE of the following matters should an entity consider when determining the credit terms granted to a customer?

• A. Number of suppliers
• B. Bargaining power of the customer
• C. Selling price of the goods being sold to the customer
• D. Discount offered by suppliers for early payment
• E. Typical credit terms operating within the industry
• F. Risk of non-payment

Country X levies corporate income tax at a rate of 25% and charges income tax on all profits irrespective of whether they are distributed by way of dividend. Country Y levies corporate income tax at a rate of 20%.
A, who is resident in Country X, pays a divided to B, who is resident in Country Y. B is required to pay corporate income tax on the dividend received from A, but a deduction can be made for the tax suffered on this dividend restricted to a rate of 20%.
Which method of relief for foreign tax does this describe?

• A. Deduction
• B. Exemption
• C. Restricted
• D. Tax credit

Mr K is being pressured by his manager to change figures in his report so that it will improve his manager's bonus.
His manager has promised Mr K a promotion if he agrees to do this.
What threats is Mr K facing?

• A. Intimidation and familiarity
• B. Familiarity and self-interest
• C. Intimidation and self-interest
• D. Self-review and advocacy