[试题]

(iv) Tyre recently undertook a sales campaign whereby customers can obtain free car accessories, by presenting a

coupon, which has been included in an advertisement in a national newspaper, on the purchase of a vehicle.

The offer is valid for a limited time period from 1 January 2006 until 31 July 2006. The management are unsure

as to how to treat this offer in the financial statements for the year ended 31 May 2006.(5 marks)

Required:

A.dvise the directors of Tyre on how to treat the above items in the financial statements for the year ended

31 May 2006.(The mark allocation is shown against each of the above items)

参考答案与解析:

相关试题

Sales in the retail sector have been sluggish, and consumer confidence has recently declined, indica

[单选题]Sales in the retail sector have been sluggish, and consumer confidence has

  • 查看答案
  • 2 Tyre, a public limited company, operat

    [试题]2 Tyre, a public limited company, operates in the vehicle retailing sector. The company is currently preparing its financialstatements for the year ended 31 May 2006 and has asked for advice on how to deal with the following items:(i) Tyre requires cu

  • 查看答案
  • (iii) Tyre has entered into two new long

    [试题](iii) Tyre has entered into two new long lease property agreements for two major retail outlets. Annual rentals are paidunder these agreements. Tyre has had to pay a premium to enter into these agreements because of the outlets’location. Tyre feels th

  • 查看答案
  • CAM

    [名词解释] CAM

  • 查看答案
  • There are many sales this season,during

    [单选题]There are many sales this season,during which stores will lower their______prices.A.normalB.generalC.ordinaryD.usual

  • 查看答案
  • 销售包装 sales package

    [名词解释] 销售包装 sales package

  • 查看答案
  • Sales of inventory would be classified as:

    [单选题]Sales of inventory would be classified as:A.Operating cash flow.B.Investing

  • 查看答案
  • CAM表示

    [单选题]C.AM表示A.计算机辅助设计B.计算机辅助教学C.计算机辅助制造D.计算机娱乐系统

  • 查看答案
  • Coats Corporation generates $10,000,000 in sales. Its variable costs equal 85 percent of sales, and

    [单选题]Coats Corporation generates $10,000,000 in sales. Its variable costs equal

  • 查看答案
  • (ii) The sales director has suggested to

    [试题](ii) The sales director has suggested to Damian, that to encourage the salesmen to accept the new arrangement,the company should increase the value of the accessories of their own choice that can be fitted to the lowemission cars.State, giving reasons

  • 查看答案
  • (iv) Tyre recently undertook a sales cam