CMS专题
单选题The First Continental Congress was held in （）in September, 1774.A PhiladelphiaB BostonC New York
题目
Philadelphia
Boston
New York
相似问题和答案
第1题：
24．_______is Teachers Day．
A． September 10th
B． September 9th
C． September Ist
D． 10th September
24．A【解析】9月10口是教师节。
第2题：
The ancient Olympic Games were part of a religious festival in honour of the Greek god Zeus, the father of all Greek gods and goddesses.The festival and games were held in Olympia, a religious sanctuary.The athletes came to Olympia from all parts of the Greek world, from as far as Spain in the west and Turkey in the east.The ancient Olympic Games began in the yea 776 BC when Koroibos, a cook from the city of Elis, won a 200-metre-long race.They took place for a period of 617 years until the last games were held in AD 393
In the ancient games, athletes received prizes worth large amounts of money.In fact the word athlete is an ancient Greek word, meaning one who competes for a prize.Although women did not compete in the games, there was a separate festival held at the same time in honour of Hera, wife of Zeus At this festival unmarried girls competed in foot races.
The marathon was not an event of the ancient Olympic Games.The marathon is a modern event that was first introduced in the Olympic Games in 1896.It was named after a village called Marathon where the Persians were defeated by a small Greek army The news of the victory was brought to Athens by soldier, who ran the 26 miles from the village of Marathon to the capital 26 miles was therefore adopted as the distance of the modern marathon race
The Olympic flag was introduced in 1908 and carries the symbol of five linked rings.Which represent the five continents-Africa, America, Asia, Australasia and Europe.The Olympic flame was first carried in the 1932 Olympic Games in Los Angeles.There was no torch relay in the ancient Olympic Games.The first torch relay in the modern OlympIc Games was staged in Berlin in 1936.(判断正误)
26.The ancient Greeks held the first Olympic Games in 617 BC.()
27.The ancient Greeks held the Olympic Games for 393 years.()
28.They did not allow women to compete in the an cient Olympic Games.()
29.They first used the Olympic flag in 1908.()
30.The torch relay was first used in the ancient Olympics.()
第3题：
A. register
B. are continued
C. go in
D. run up
第4题：
(a) The following figures have been calculated from the financial statements (including comparatives) of Barstead for
the year ended 30 September 2009:
increase in profit after taxation 80%
increase in (basic) earnings per share 5%
increase in diluted earnings per share 2%
Required:
Explain why the three measures of earnings (profit) growth for the same company over the same period can
give apparently differing impressions. (4 marks)
(b) The profit after tax for Barstead for the year ended 30 September 2009 was $15 million. At 1 October 2008 the company had in issue 36 million equity shares and a $10 million 8% convertible loan note. The loan note will mature in 2010 and will be redeemed at par or converted to equity shares on the basis of 25 shares for each $100 of loan note at the loan-note holders’ option. On 1 January 2009 Barstead made a fully subscribed rights issue of one new share for every four shares held at a price of $2·80 each. The market price of the equity shares of Barstead immediately before the issue was $3·80. The earnings per share (EPS) reported for the year ended 30 September 2008 was 35 cents.
Barstead’s income tax rate is 25%.
Required:
Calculate the (basic) EPS figure for Barstead (including comparatives) and the diluted EPS (comparatives not required) that would be disclosed for the year ended 30 September 2009. (6 marks)
(a)Whilstprofitaftertax(anditsgrowth)isausefulmeasure,itmaynotgiveafairrepresentationofthetrueunderlyingearningsperformance.Inthisexample,userscouldinterpretthelargeannualincreaseinprofitaftertaxof80%asbeingindicativeofanunderlyingimprovementinprofitability(ratherthanwhatitreallyis:anincreaseinabsoluteprofit).Itispossible,evenprobable,that(someof)theprofitgrowthhasbeenachievedthroughtheacquisitionofothercompanies(acquisitivegrowth).Wherecompaniesareacquiredfromtheproceedsofanewissueofshares,orwheretheyhavebeenacquiredthroughshareexchanges,thiswillresultinagreaternumberofequitysharesoftheacquiringcompanybeinginissue.ThisiswhatappearstohavehappenedinthecaseofBarsteadastheimprovementindicatedbyitsearningspershare(EPS)isonly5%perannum.ThisexplainswhytheEPS(andthetrendofEPS)isconsideredamorereliableindicatorofperformancebecausetheadditionalprofitswhichcouldbeexpectedfromthegreaterresources(proceedsfromthesharesissued)ismatchedwiththeincreaseinthenumberofshares.Simplylookingatthegrowthinacompany’sprofitaftertaxdoesnottakeintoaccountanyincreasesintheresourcesusedtoearnthem.Anyincreaseingrowthfinancedbyborrowings(debt)wouldnothavethesameimpactonprofit(asbeingfinancedbyequityshares)becausethefinancecostsofthedebtwouldacttoreduceprofit.ThecalculationofadilutedEPStakesintoaccountanypotentialequitysharesinissue.Potentialordinarysharesarisefromfinancialinstruments(e.g.convertibleloannotesandoptions)thatmayentitletheirholderstoequitysharesinthefuture.ThedilutedEPSisusefulasitalertsexistingshareholderstothefactthatfutureEPSmaybereducedasaresultofsharecapitalchanges;inasenseitisawarningsign.InthiscasethelowerincreaseinthedilutedEPSisevidencethatthe(higher)increaseinthebasicEPShas,inpart,beenachievedthroughtheincreaseduseofdilutingfinancialinstruments.Thefinancecostoftheseinstrumentsislessthantheearningstheirproceedshavegeneratedleadingtoanincreaseincurrentprofits(andbasicEPS);however,inthefuturetheywillcausemoresharestobeissued.ThiscausesadilutionwherethefinancecostperpotentialnewshareislessthanthebasicEPS.
第5题：
A.the First Continental Congress
B.the Second Continental Congress
C.the Third Continental Congress
D.the Constitutional Convention
第6题：
Speedway racing is a type of motorcycle racing that is done on a track with a special motorcycle.It was introduced to Britain in 1 928.The first races were held at High Beech in Epping Forest.Now races are held in special stadiums, but then a track was made in the forest behind a pub called the Royal Oak.The track was not concrete or tarmac, but was made from cinders.The first races were organized by Jack Hill-Bailey He had visited Australia and seen speedway racing there.When he returned to Britain, he decided to introduce the sport to Britain and started organizing the first races with his friends in the IFord Motorcycle Club.They expected 3, 000 people to come and watch the races, but over 30, 000 people arrived to see the first races!(判断正误)
1.You need a special motorcycle for a speedway race.()
2.Speedway races are held on the road.()
3.Speedway races were held in Austral ia before they were held in Britain.()
4.Jack Hill--Bailey organized the first races by himself.()
第7题：
A.First / 1774
B.First / 1776
C.Second / 1774
D.Second / 1776
第8题：
3 You are the manager responsible for the audit of Albreda Co, a limited liability company, and its subsidiaries. The
group mainly operates a chain of national restaurants and provides vending and other catering services to corporate
clients. All restaurants offer ‘eat-in’, ‘take-away’ and ‘home delivery’ services. The draft consolidated financial
statements for the year ended 30 September 2005 show revenue of $42·2 million (2004 – $41·8 million), profit
before taxation of $1·8 million (2004 – $2·2 million) and total assets of $30·7 million (2004 – $23·4 million).
The following issues arising during the final audit have been noted on a schedule of points for your attention:
(a) In September 2005 the management board announced plans to cease offering ‘home delivery’ services from the
end of the month. These sales amounted to $0·6 million for the year to 30 September 2005 (2004 – $0·8
million). A provision of $0·2 million has been made as at 30 September 2005 for the compensation of redundant
employees (mainly drivers). Delivery vehicles have been classified as non-current assets held for sale as at 30
September 2005 and measured at fair value less costs to sell, $0·8 million (carrying amount,
$0·5 million). (8 marks)
Required:
For each of the above issues:
(i) comment on the matters that you should consider; and
(ii) state the audit evidence that you should expect to find,
in undertaking your review of the audit working papers and financial statements of Albreda Co for the year ended
30 September 2005.
NOTE: The mark allocation is shown against each of the three issues.
3 ALBREDA CO
(a) Cessation of ‘home delivery’ service
(i) Matters
■ $0·6 million represents 1·4% of reported revenue (prior year 1·9%) and is therefore material.
Tutorial note: However, it is clearly not of such significance that it should raise any doubts whatsoever regarding
the going concern assumption. (On the contrary, as revenue from this service has declined since last year.)
■ The home delivery service is not a component of Albreda and its cessation does not classify as a discontinued
operation (IFRS 5 ‘Non-current Assets Held for Sale and Discontinued Operations’).
? It is not a cash-generating unit because home delivery revenues are not independent of other revenues
generated by the restaurant kitchens.
? 1·4% of revenue is not a ‘major line of business’.
? Home delivery does not cover a separate geographical area (but many areas around the numerous
restaurants).
■ The redundancy provision of $0·2 million represents 11·1% of profit before tax (10% before allowing for the
provision) and is therefore material. However, it represents only 0·6% of total assets and is therefore immaterial
to the balance sheet.
■ As the provision is a liability it should have been tested primarily for understatement (completeness).
■ The delivery vehicles should be classified as held for sale if their carrying amount will be recovered principally
through a sale transaction rather than through continuing use. For this to be the case the following IFRS 5 criteria
must be met:
? the vehicles must be available for immediate sale in their present condition; and
? their sale must be highly probable.
Tutorial note: Highly probable = management commitment to a plan + initiation of plan to locate buyer(s) +
active marketing + completion expected in a year.
■ However, even if the classification as held for sale is appropriate the measurement basis is incorrect.
■ Non-current assets classified as held for sale should be carried at the lower of carrying amount and fair value less
costs to sell.
■ It is incorrect that the vehicles are being measured at fair value less costs to sell which is $0·3 million in excess
of the carrying amount. This amounts to a revaluation. Wherever the credit entry is (equity or income statement)
it should be reversed. $0·3 million represents just less than 1% of assets (16·7% of profit if the credit is to the
income statement).
■ Comparison of fair value less costs to sell against carrying amount should have been made on an item by item
basis (and not on their totals).
(ii) Audit evidence
■ Copy of board minute documenting management’s decision to cease home deliveries (and any press
releases/internal memoranda to staff).
■ An analysis of revenue (e.g. extracted from management accounts) showing the amount attributed to home delivery
sales.
■ Redundancy terms for drivers as set out in their contracts of employment.
■ A ‘proof in total’ for the reasonableness/completeness of the redundancy provision (e.g. number of drivers × sum
of years employed × payment per year of service).
■ A schedule of depreciated cost of delivery vehicles extracted from the non-current asset register.
■ Checking of fair values on a sample basis to second hand market prices (as published/advertised in used vehicle
guides).
■ After-date net sale proceeds from sale of vehicles and comparison of proceeds against estimated fair values.
■ Physical inspection of condition of unsold vehicles.
■ Separate disclosure of the held for sale assets on the face of the balance sheet or in the notes.
■ Assets classified as held for sale (and other disposals) shown in the reconciliation of carrying amount at the
beginning and end of the period.
■ Additional descriptions in the notes of:
? the non-current assets; and
? the facts and circumstances leading to the sale/disposal (i.e. cessation of home delivery service).
第9题：
When adding oil to a refrigeration system, precautions must be taken to ensure that
A.the compressor suction pressure is not too high
B.all air is purged from the pump and charging fittings
C.the high pressure cutout switch is held open to prevent accidental starting
D.the condenser is completely shutdown first
第10题：
We learn from Paragraph 1 that ( ).
A． the government is usually the first to name a place
B． many places tend to have more than one name
C． a ceremony will be held when a place is named
D． people prefer the place names given by the government