Download IAS-37-Quizzes-Updated-Aug-2021_-Attempt-review1 and more Cheat Sheet Mathematics in PDF only on Docsity!
Bắt đầu vào lúc Thứ tư, 1 Tháng mười hai 2021, 9:56 PM State Finished Kết thúc lúc Thứ tư, 1 Tháng mười hai 2021, 10:00 PM Thời gian thực hiện 3 phút 47 giây Điểm 10,00 out of 10,00 ( 100 %)
Câu Hỏi 1 Hoàn thành Đạt điểm 0,50 trên 0,
Which of the following is an adjustment to a contract that is accounted for as a separate contract? a. The goods added are not di erent from the goods in the original contract b. The value of the contract increases in proportion to the market price of the added goods c. The additional goods are distinct from the original contract goods and the increased contract value is less than the stand-alone sale price of the additional goods. d. The added goods are distinct from those in the original contract, and the value of the contract increases in proportion to the market price of the added goods.
31191024752 - Trương Thiện Phát
Nhà của tôi Các khoá học của tôi IA I - 21C1ACC50705505 - TRAN THI PHUONG THANH (OCT-DEC.21) Topic 10. Provisions, contingencies IAS 37 Quizzes (Updated Aug 2021)
Light Company specializes in the production of wall lamps. In order to expand market share for existing LED products and introduce new NeoLed products, Light Company conducts the promotion "Buy 1 get 1 free". Speci cally, buy one Led bulb worth 200,000 VND and get 1 NeoLed light for free. The usual selling price of Led lights is 200,000 VND, while the selling price of NeoLed lights has not been determined. On the market, the selling price of a product line similar to another company's NeoLed is 40,000 VND. In this contract, how many performance obligations under IFRS 15? a. 3 b. 4 c. 2 d. 1
Câu Hỏi 3 Hoàn thành Đạt điểm 0,50 trên 0,
On July 1, 20x1, company P signed a contract to provide telecommunications services to X for a fee of $100,000 for 12 months and a free connection device. This device has a market price of $5,000 and the price of telecommunications service provided without the device is $10,000/month. Connection device may be available from other telecommunications providers. Total revenue recorded in July will be: a. $4, b. $8, c. $12, d. $5,
Contract assets and receivables contract should be accounted for according to: a. IFRS 16 Leases b. IFRS 9 Financial Instruments c. IFRS 4 Insurance Contracts d. IFRS 15 Revenue from Contracts with Customers
Câu Hỏi 7 Hoàn thành Đạt điểm 0,50 trên 0,
The retailer sells treadmills for $1,500 each and o ers a 30% coupon to purchase another sports equipment in-store within 1 month of the treadmill purchase. Based on sales experience, the retailer estimates that 90% of customers will choose to purchase from this coupon and an estimated $1,000 will be sold from this coupon. Revenue recognized on the date of delivery of the treadmill will be: a. $1, b. $ c. $1, d. $1,
Company AB signs a contract to supply 100,000 bottles of cosmetics to company XY at $1,000/bottle and gives customers 500 lipsticks for buying in bulk. AB is committed to refunding the money for the cosmetic bottles that do not meet the quality. What performance obligations does AB have in the contract? a. 1 b. 3 c. 2 d. 4
Câu Hỏi 9 Hoàn thành Đạt điểm 0,50 trên 0,
Telecom Co. enters into a two-year contract with a customer to provide wireless service (voice and data) for $40 per month. To induce customers, Telecom Co. provides a free phone. Telecom Co. normally sells the phone on a standalone basis for $200. Telecom Co. also charges the customer a one-time activation fee of $35. Which of the following is true? a. The free phone constitutes a marketing expense b. There are two distinct performance obligations: the wireless service and the phone c. The activation fee is a separate performance obligation d. There are two distinct performance obligations: the voice service and the data service
Kien Tao construction company signed a construction contract with customer A, including the following three construction items: classrooms, school grounds, and o ce buildings. The amount will be paid according to each completed item. How many performance obligations are there in the contract with customer A? a. Other opinion b. 3 c. 1 d. 2
Câu Hỏi 13 Hoàn thành Đạt điểm 0,50 trên 0,
ABC Company o ers a 12-month superfast broadband and modem equipment to customers for $300, prepaid. Modem if purchased separately will cost $40, bandwidth package if purchased separately costs $25/month. When is the transaction price allocated to the package providing bandwidth to the customer? a. Gradual recognition over a 12-month period b. At the end of 12 months c. As soon as receive the prepayment of $300 from customer d. Immediately record $ 40 at the beginning of the contract with the customer, the rest is recorded over the time of the contract
The main principle of IFRS 15 is that the entity will recognize (1) when transfer (2) to the customer and receive the amount of re ection (3) that it expects. a. (1) revenue; (2) goods; (3) consideration b. (1) revenue; (2) goods or services; (3) the price of the good or service c. (1) income; (2) goods or services; (3) consideration d. (1) revenue; (2) goods or services; (3) consideration
Câu Hỏi 15 Hoàn thành Đạt điểm 0,50 trên 0,
According to IFRS 15, revenue will be recognized: a. At a point of time b. At a point of time or over a period of time depending on the content of the contract with the customer c. At a point of time or over a period of time depending on the enterprise's choice d. Over a period of time
Light Company specializes in the production of wall lamps. In order to expand market share for existing LED products and introduce new NeoLed products, Light Company conducts the promotion "Buy 1 get 1 free". Speci cally, buy one Led bulb worth 200,000 VND and get 1 NeoLed light for free. The usual selling price of Led lights is 200,000 VND, while the selling price of NeoLed lights has not been determined. On the market, the selling price of a product line similar to another company's NeoLed is 40,000 VND. According to IFRS 15, the revenue for the sale of 10 LED bulbs during the promotion is: a. 2,000, b. 1,666, c. Other opinion d. 333,
Câu Hỏi 19 Hoàn thành Đạt điểm 0,50 trên 0,
What types of contracts are exceptions to IFRS 15 guidance? a. Medical contract and loan contract b. Lease and insurance contract c. Medical contract and audit contract d. Lease and loan agreement
Sports clubs sell membership cards to customers who use services at the club with a membership fee of $300/card. On January 1, the club sold 2,800 membership cards and collected money. If the club makes an adjustment entry at the end of each month, the journal entry on January 31 is: a. Dr Cash – Cr Membership Revenue b. Dr Unrealized Revenue – Cr Cash c. Dr Unrealized revenue – Cr Membership revenue d. Dr Membership Revenue – Cr Unrealized Revenue ◄ Recording (Vi) (^) Chuyển tới... Topic 11 - Revenue from contract with customers (IFRS 15) ►
