Theory

7/21/2019 Theory

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1. These are the changes in the present value of the defined benefit obligation resulting from

the experience adjustments and the effects of changes in actuarial assumptions.

a. Actuarial gainis and lossses

b. Actual gains and lossesc. Actual return on plan assets

d. Gains and losses

2. Demographic actuarial assumptions include all of the following, excepta. ate of emplo!ee turnover

b. Disabilit! and earl! retirement

c. The proportion of plan members eligible fir benefitsd. Discount rate

". #hich of the following criteria is not re$uired for the recognition of a liabilit! for

compensated absences%

a. The amount of the obligation must be estimable.

b. &a!ment of the obligation must be probable.c. &a!ment of the obligation will re$uire the use of current assets.

d. The compensation either vests with the emplo!ee or can be carried forward to

subse$uent !ears.

'. At !ear(end, an entit! estimated that the emplo!ees have earned a certain amount of

vacation pa!. )mplo!ees shall receive their vacation pa! in the next !ear. The entit!

should accrue a liabilit! for vacation pa! at !ear(end.

*. *f the rights to the compensation accumulated over time.

**. *f the rights are vested

a. * onl! b. ** onl!

c. )ither * or **

d. +either * or **

. *f shares are issued to extinguish a financial liabilit!, what is the initial measurement of

the shares issued%

a. &ar value of the shares issued

b. -air value of the shares issued

c. -air value of liabilit! extinguishedd. oo/ value of the shares issued

0. #hen shares are issued for services, the measure is e$ual toa. -air value of the services alread! rendered

b. &ar value of the shares issued

c. oo/ value of the shares issuedd. -air value of the shares issued

7/21/2019 Theory


. #hen an entit! settles the propert! dividend pa!able, it shall recognie the difference

between the carr!ing amount of the asset distributed and the carr!ing amount of the

dividend pa!able ina. &rofit or loss

b. 3ther comprehensive income

c. )$uit!d. etained earnings

4. An entit! shall measure a noncurrent asset classified as held for distribution to owners at

a. 5arr!ing amount b. -air value less cost to distribute

c. 6ower of carr!ing amount and fair value less cost to distribute

d. 7igher of carr!ing amount and fair value less cost to distribute

8. *t is the amount which the preference shareholders normall! receive upon li$uidation of

the entit!.

a. 6i$uidation value b. &ar valuec. oo/ value

d. -air value

19. *n the absence of li$uidation value, the preference shareholders shall receive what

amount in the event of li$uidation%

a. 6i$uidation value b. &ar value or stated value

c. oo/ value

d. -air value

11. #hich of the following transactions involving the issuance of shares does not come

within the definition of a :share(based; pa!ment%

a. )mplo!ee share purchase plans

b. )mplo!ee share option plansc. <hare(based pa!ment relating to an ac$uisition of a subsidiar!

d. <hare appreciation rights

12. #hich of the following statements is true regarding the share(based pa!ment

transactions%

a. &rivate entities are exempt

b. <mall entities are exemptc. <ubsidiaries using their parent entit!=s shares as consideration for goods and services

are exempt

d. There are no exemptions

1". #hich of the following statements in relation to earnings per share is true%*. )arnings per share amounts shall not be presented if negative, i.e. loss per share

7/21/2019 Theory


**. )arnings per share amounts calculated for discontinued operations shall be

presented.

a. * onl! b. ** onl!

c. oth * and **d. +either * nor **

1'. An entit! is calculating the weighted average number of ordinar! shares in issue during

the current !ear. During the !ear, the entit! issued new ordinar! shares for cash at full

mar/et price and made a 1 for 4 bonus issue. #hich of the following statements is true%

*. +ew shares issued as a result of bonus issue shall be time apportioned from their

date of issue.

**. +ew shares issued for cash at full mar/et price shall be time apportioned from

their date of issue

a. * onl! c. oth * and ** b. ** onl! d. +either * nor **

Theory

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