THUẾ

1.The deferred tax expense is the

a. Increase in balance of deferred tax liability minus the increase in balance of deferred
tax asset
b. Increase in balance of deferred tax asset minus the increase in balance of deferred tax
liability
c. Decrease in balance of deferred tax asset minus the increase in balance of deferred
tax liability
d. Increase in balance of deferred tax asset plus the increase in balance of deferred tax
liability

2. To the extent that tax payable exists and has not yet been paid, a company will
recognised
a. non-current liability
b. non-current asset
c. current tax liability
d. current tax asset

3. Accounting standards require disclosure of the amount of

a. current tax expense (or revenue)
b. all of the above
c. deferred tax expense (or revenue) relating to changes in tax rates or tax laws
d. any adjustments for the current tax of prior reporting periods

4. On 1 April 20x5, the company rate of income tax was changed from 35% to 30%. At
the previous reporting date (30 June 20x4) Montgomery Limited had the following tax
balances: Deferred tax assets: $26,250; Deferred tax liabilities: $21,000. What is the
impact of the tax rate change on income tax expense?
a. increase 875
b. decrease 875
c. increase 750
d. all are correct
e. decrease 750

5. Deferred taxes should be presented on the statement of financial position

a. as one net debit or credit amount
b. as reductions of the related asset or liability accounts
c. in two amount: one for the net debit amount and one for the net credit amount
d. as a net amount in the non-current section

6. Recognition of tax benefits in the loss year due to a loss carryforward requires:
a. the establishment of an income tax refund receivable
b. the establishment of a deferred tax asset
c. the establishment of a deferred tax liability
d. only a note to the financial statements

7. IAS 12 requires that:

a. current tax expense is not identifiable in the financial reports
b. deferred tax expense is not identifiable in the financial reports
c. current and deferred tax expense are disclosed separately
d. current and deferred tax expense are reported as one figured ‘income tax expense’

8. Permanent differences (between revenues and expenses for accounting and tax
purposes):
a. can cause Deferred Tax Assets but not Deferred Tax Liabilities to arise
b. can cause neither Deferred Tax Assets nor Deferred Tax Liabilities to arise
c. can cause both Deferred Tax Assets and Deferred Tax Liabilities to arise
d. can cause Deferred Tax Liabilities but not Deferred Tax Liabilities to arise

9. Which of the following statements is correct regarding permanent differences under

IFRS?
a. Permanent differences result from items that enter into taxable income but never into
pretax financial income
b. permanet differences result from items that enter into pretax financial income but
never into taxable income
c. Permanent differences affect only the period in which they occur
d. All of these ANSWER choices are correct

10. Link Sink Manufacturing has a deferred tax asset account with a balance of £300,000
at the end of 2018 due to a single cumulative temporary difference of £750,000. At the
end of 2019, this same temporary difference has increased to a cumulative amount of
£1,000,000. Taxable income for 2019 is £1,700,000. The tax rate is 40% for 2019, but
enacted tax rates for all future years are 35%. Assuming it’s probable that 70% of the
deferred tax asset will be realized, what amount will be reported on Link Sink’s
statement of financial position for the deferred tax asset at December 31, 2019?

a. 262,500
b. 280,000
c. 595,000
d. all are incorrect
e. 245,000

11. In determining whether to adjust a deferred tax asset, a company should:

a. pass a recognition threshold, after assuming that it will be audited by taxing authorities
b. consider only the positive information in determining the need for an adjustment
c. consider all positive and negative information in determining the need for an
adjustment
. take an aggressive approach in its tax
planning
12. Beta Limited has an accounting
profit before tax of €200,000. All of
the following items have been
included in
the accounting profit: depreciation of
equipment €30,000 (tax deductible
depreciation is €20,000);
entertainment
expenses €15,000 (non-deductible for
tax purposes); Long service leave
expense provided €6,000 (no
employee
took long service leave during the
year). The tax rate is 30%. The
amount of current tax liability is:
a. 38,700
b. 81,300
c. 50,700
d. 69,300
e. all are incorrect
13. According to IAS 12, current tax
for current and prior periods shall, to
the extent unpaid, be recognised as a:
a. contingent liability
b. liability
c. expense
d. note to the financial statements
14. When assessing the probability
that a deferred tax asset from a tax
loss can be recognised an entity
should
consider:
a. whether the unused tax losses result
from identifiable causes which are
likely to recur
b. whether it is guaranteed that the
entity will have future taxable profits
before the tax losses expire
c. whether tax planning opportunities
are available to the entity that will
create sufficient future taxable profits
to
recover the tax losses
d. whether the entity has sufficient
deductible temporary differences
which will result in taxable amounts in
future
so that the tax losses can be used
15. In jurisdictions where the
impairment of goodwill is not tax
deductible, IAS 12 Income Taxes:
a. allows the recognition of a deferred
tax item in relation to goodwill
b. requires that any deferred tax items
in relation to goodwill be recognised
directly in equity
c. does not permit the application of
deferred tax accounting to goodwill
d. requires that any deferred tax items
for goodwill be capitalised in the
carrying amount of goodwill
16. An example of a permanent
difference is:
a. All of these ANSWER choices are
correct
b. percentage depletion of natural
resources
c. interest expense on money
borrowed to invest in government
bonds
d. fine resulting from a violation of
law
. take an aggressive approach in its tax
planning
12. Beta Limited has an accounting
profit before tax of €200,000. All of
the following items have been
included in
the accounting profit: depreciation of
equipment €30,000 (tax deductible
depreciation is €20,000);
entertainment
expenses €15,000 (non-deductible for
tax purposes); Long service leave
expense provided €6,000 (no
employee
took long service leave during the
year). The tax rate is 30%. The
amount of current tax liability is:
a. 38,700
b. 81,300
c. 50,700
d. 69,300
e. all are incorrect
13. According to IAS 12, current tax
for current and prior periods shall, to
the extent unpaid, be recognised as a:
a. contingent liability
b. liability
c. expense
d. note to the financial statements
14. When assessing the probability
that a deferred tax asset from a tax
loss can be recognised an entity
should
consider:
a. whether the unused tax losses result
from identifiable causes which are
likely to recur
b. whether it is guaranteed that the
entity will have future taxable profits
before the tax losses expire
c. whether tax planning opportunities
are available to the entity that will
create sufficient future taxable profits
to
recover the tax losses
d. whether the entity has sufficient
deductible temporary differences
which will result in taxable amounts in
future
so that the tax losses can be used
15. In jurisdictions where the
impairment of goodwill is not tax
deductible, IAS 12 Income Taxes:
a. allows the recognition of a deferred
tax item in relation to goodwill
b. requires that any deferred tax items
in relation to goodwill be recognised
directly in equity
c. does not permit the application of
deferred tax accounting to goodwill
d. requires that any deferred tax items
for goodwill be capitalised in the
carrying amount of goodwill
16. An example of a permanent
difference is:
a. All of these ANSWER choices are
correct
b. percentage depletion of natural
resources
c. interest expense on money
borrowed to invest in government
bonds
d. fine resulting from a violation of
law
d. take an aggressive approach in its tax planning

12. Beta Limited has an accounting profit before tax of €200,000. All of the following
items have been included in the accounting profit: depreciation of equipment €30,000
(tax deductible depreciation is €20,000); entertainment expenses €15,000 (non-
deductible for tax purposes); Long service leave expense provided €6,000 (no employee
took long service leave during the year). The tax rate is 30%. The amount of current tax
liability is:
a. 38,700
b. 81,300
c. 50,700
d. 69,300
e. all are incorrect

13. According to IAS 12, current tax for current and prior periods shall, to the extent
unpaid, be recognised as a:
a. contingent liability
b. liability
c. expense
d. note to the financial statements

14. When assessing the probability that a deferred tax asset from a tax loss can be
recognised an entity should
consider:
a. whether the unused tax losses result from identifiable causes which are likely to recur
b. whether it is guaranteed that the entity will have future taxable profits before the tax
losses expire
c. whether tax planning opportunities are available to the entity that will create sufficient
future taxable profits to recover the tax losses
d. whether the entity has sufficient deductible temporary differences which will result in
taxable amounts in future so that the tax losses can be used

15. In jurisdictions where the impairment of goodwill is not tax deductible, IAS 12
Income Taxes:
a. allows the recognition of a deferred tax item in relation to goodwill
b. requires that any deferred tax items in relation to goodwill be recognised directly in
equity
c. does not permit the application of deferred tax accounting to goodwill
d. requires that any deferred tax items for goodwill be capitalised in the carrying amount
of goodwill

16. An example of a permanent difference is:

a. All of these ANSWER choices are correct
b. percentage depletion of natural resources
c. interest expense on money borrowed to invest in government bonds
d. fine resulting from a violation of law

d. take an aggressive approach in its

tax planning
12. Beta Limited has an accounting
profit before tax of €200,000. All of
the following items have been
included in
the accounting profit: depreciation of
equipment €30,000 (tax deductible
depreciation is €20,000);
entertainment
expenses €15,000 (non-deductible for
tax purposes); Long service leave
expense provided €6,000 (no
employee
took long service leave during the
year). The tax rate is 30%. The
amount of current tax liability is:
a. 38,700
b. 81,300
c. 50,700
d. 69,300
e. all are incorrect
13. According to IAS 12, current tax
for current and prior periods shall, to
the extent unpaid, be recognised as a:
a. contingent liability
b. liability
c. expense
d. note to the financial statements
14. When assessing the probability
that a deferred tax asset from a tax
loss can be recognised an entity
should
consider:
a. whether the unused tax losses result
from identifiable causes which are
likely to recur
b. whether it is guaranteed that the
entity will have future taxable profits
before the tax losses expire
c. whether tax planning opportunities
are available to the entity that will
create sufficient future taxable profits
to
recover the tax losses
d. whether the entity has sufficient
deductible temporary differences
which will result in taxable amounts in
future
so that the tax losses can be used
15. In jurisdictions where the
impairment of goodwill is not tax
deductible, IAS 12 Income Taxes:
a. allows the recognition of a deferred
tax item in relation to goodwill
b. requires that any deferred tax items
in relation to goodwill be recognised
directly in equity
c. does not permit the application of
deferred tax accounting to goodwill
d. requires that any deferred tax items
for goodwill be capitalised in the
carrying amount of goodwill
16. An example of a permanent
difference is:
a. All of these ANSWER choices are
correct
b. percentage depletion of natural
resources
c. interest expense on money
borrowed to invest in government
bonds
d. fine resulting from a violation of
law
17. Stuart Corporation's taxable income differed from its accounting income computed
for this past year. An item that would create a permanent difference in accounting and
taxable incomes for Stuart would be:
a. a balance in the Unearned Rent account at year end
b. making installment sales during the year
c. a fine resulting from violations of environmental regulations
d. using accelerated depreciation for tax purposes and straight-line depreciation for book
purposes

18. Unused (carried forward) tax losses:

a. sometimes give rise to a deferred tax asset
b. always give rise to a deferred tax liability
c. always give rise to a deferred tax asset
d. sometimes give rise to a deferred tax liability

19. A temporary difference arises due to:

a. the timing difference between the end of the financial year and when the income tax
payable is paid
b. a difference in the amount of the deferred tax assets and the deferred tax liabilities
c. a difference between the amounts of the accounting expenses and the tax deductions
of a company which will never be reversed
d. a difference between the amounts of the accounting expenses and the tax deductions
of a company which will be reversed in future periods

20. A taxable temporary difference is expected to lead to the payment of:

a. more tax in the future and gives rise to a deferred tax asset
b. less tax in the future and gives rise to a deferred tax liability
c. more tax in the future and gives rise to a deferred tax liability
d. less tax in the future and gives rise to a deferred tax asset

1.The deferred tax expense is the

a. Increase in balance of deferred tax
liability minus the increase in balance
of deferred tax asset
b. Increase in balance of deferred tax
asset minus the increase in balance of
deferred tax liability
c. Decrease in balance of deferred tax
asset minus the increase in balance of
deferred tax liability
d. Increase in balance of deferred tax
asset plus the increase in balance of
deferred tax liability
2. To the extent that tax payable exists
and has not yet been paid, a company
will recognised
Câu 1
A company issues bonus shares for no consideration on 1 August 2014. For the
reporting period ended 30 June 2015, the calculation of:
Select one:
a. only the diluted earnings per share must be adjusted retrospectively for all periods
that are presented in the financial statements
b. both basic earnings per share and diluted earnings per share may be adjusted
retrospectively at the option of the entity for all periods that are presented in the
financial statements
c. only basic earnings per share must be adjusted retrospectively for all periods that are
presented in the financial statements
d. both basic earnings per share and diluted earnings per share must be adjusted
retrospectively for all periods that are presented in the financial statements

Câu 2:
In determining diluted earnings per share, dividends on nonconvertible cumulative
preference shares should be:
Select one:
a. deducted from net income whether declared or not
b. deducted from net income only if declared
c. disregarded
d. Added back to net income whether declared or not

Câu 3:
Assume there are two dilutive convertible securities. The one that should be used first to
recalculate earnings per share is the security with the
Select one:
a. greater earnings adjustment
b. greater earnings effect per share
c. smaller earnings adjustment
d. smaller earnings effect per share

THU :Ế
1.The deferred tax expense is the
a. Increase in balance of deferred tax liability minus the increase in balance of deferred tax asset
b. Increase in balance of deferred tax asset minus the increase in balance of deferred tax liability
c. Decrease in balance of deferred tax asset minus the increase in balance of deferred tax liability
d. Increase in balance of deferred tax asset plus the increase in balance of deferred tax liability
2. To the extent that tax payable exists and has not yet been paid, a company will recognised
a. non-current liability
b. non-current asset
c. current tax liability
d. current tax asset
3. Accounting standards require disclosure of the amount of
a. current tax expense (or revenue)
b. all of the above
c. deferred tax expense (or revenue) relating to changes in tax rates or tax laws
d. any adjustments for the current tax of prior reporting periods
4. On 1 April 20x5, the company rate of income tax was changed from 35% to 30%. At the
previous reporting date
(30 June 20x4) Montgomery Limited had the following tax balances: Deferred tax assets:
$26,250; Deferred tax
liabilities: $21,000. What is the impact of the tax rate change on income tax expense?
a. increase 875
b. decrease 875
c. increase 750
d. all are correct
e. decrease 750
5. Deferred taxes should be presented on the statement of financial position
a. as one net debit or credit amount
b. as reductions of the related asset or liability accounts
c. in two amount: one for the net debit amount and one for the net credit amount
d. as a net amount in the non-current section
6. Recognition of tax benefits in the loss year due to a loss carryforward requires:
a. the establishment of an income tax refund receivable
Câu 4:
In applying the treasury share method to determine the dilutive effect of share options
and warrants, the proceeds assumed to be received upon exercise of the options and
warrants
Select one:
a. None of these answers are correct
b. are used to calculate the number of ordinary shares repurchased at the average
market price, when computing diluted earnings per share
c. are added, net of tax, to the numerator of the calculation for diluted earnings per share

d. are disregarded in the computation of earnings per share if the exercise price of the
options and warrants is less than the ending market price of ordinary shares

Câu 5:
Under paragraph 4, if an entity presents both consolidated and separate financial
statements, the IAS 33 disclosures need only be determined on the basis of:
Select one:
a. subsidiary entities only
b. consolidated information
c. the entity has choice of either parent entity or consolidation
d. parent entity only

Câu 6:
Harry Ltd determined its profit attributable to ordinary shareholders for the reporting
period ended 30 June 2016 as €960,000. The average market price of the entity’s shares
during the period is €4.00 per share. The weighted average number of ordinary shares
on issue during the period is 1,000,000. The weighted average number of shares under
share options arrangements during the year is 200,000 and the exercise price of shares
under option is €3.50. The basic earnings per share at 30 June 2016 is:
Select one:
a. €0.96
b. €0.80
c. €3.50
d. €4.00

Câu 7:
Lerner Co. had 200,000 ordinary shares, 20,000 shares of convertible preference shares,
and €1,000,000 of 10% convertible bonds outstanding during 2019. The preference
shares are convertible into 40,000 ordinary shares. During 2019, Lerner paid dividends
of €.90 per ordinary share and €3.00 per preference share. Each €1,000 bond is
convertible into 45 ordinary shares. The net income for 2019 was €600,000 and the
income tax rate was 30%. Basic earnings per share for 2019 is (rounded to the nearest
penny)
Select one:
a. €2.42
b. €2.21
c. None of these answers are correct
d. €2.51
e. €2.70

Câu 8:
Yoder, Incorporated, has 3,200,000 ordinary shares outstanding on December 31, 2018.
An additional 800,000 ordinary shares were issued on April 1, 2019, and 400,000 more
on July 1, 2019. On October 1, 2019, Yoder issued 20,000, €1,000 face value, 8%
convertible bonds. The bonds are dilutive. Each bond is convertible into 20 ordinary
shares. No bonds were converted in 2019. What is the number of shares to be used in
computing basic earnings per share and diluted earnings per share, respectively?
Select one:
a. None of these answers are correct
b. 4,000,000 and 4,000,000
c. 4,000,000 and 4,100,000
d. 4,000,000 and 4,400,000
e. 4,400,000 and 5,200,000

Câu 9:
When applying the treasury share method for diluted earnings per share, the market
price of the ordinary shares used for the repurchase is the
Select one:
a. price at the beginning of the year
b. average market price
c. price at the end of the year
d. None of these answers are correct

Câu 10:
Milo Co. had 600,000 ordinary shares outstanding on January 1, issued 126,000 shares
on May 1, purchased 63,000 shares of treasury shares on September 1, and issued
54,000 shares on November 1. The weighted average shares outstanding for the year is
Select one:
a. 714,000
b. None of these answers are correct
c. 672,000
d. 693,000
e. 651,000
Câu 11:
Earnings per share is calculated by:
Select one:
a. dividing profit or loss attributable to ordinary shareholders of a parent entity, by the
number of ordinary shares the entity has on issue at the beginning of the reporting
period
b. dividing profit or loss attributable to ordinary shareholders of a parent entity, by the
number of ordinary shares the entity has on issue at the end of the reporting period
c. dividing profit or loss attributable to ordinary shareholders of a parent entity, by the
weighted average number of ordinary shares the entity has on issue during the reporting
period
d. dividing profit or loss attributable to preference shareholders of a parent entity, by the
weighted average number of ordinary shares the entity has on issue during the reporting
period

Câu 12:
Nolte Co. has 4,000,000 ordinary shares outstanding on December 31, 2018. An
additional 200,000 shares are issued on April 1, 2019, and 480,000 more on September
1. On October 1, Nolte issued €6,000,000 of 9% convertible bonds. The bonds are
dilutive. Each €1,000 bond is convertible into 40 ordinary shares. No bonds have been
converted. The number ofshares to be used in computing basic earnings per share and
diluted earnings per share onDecember 31, 2019 is:
Select one:
a. 4,310,000 and 4,370,000
b. None of these answers are correct
c. 5,080,000 and 5,320,000
d. 4,310,000 and 4,310,000
e. 4,310,000 and 4,550,000
Phản hồi
The correct answer is: 4,310,000 and 4,370,000

Câu Hỏi 13
In computations of weighted average of shares outstanding, when a share dividend or
stock split occurs, the additional shares are
Select one:
a. weighted by the number of months outstanding
b. weighted by the number of days outstanding
c. considered outstanding at the beginning of the year
d. considered outstanding at the beginning of the earliest year reported
Phản hồi
The correct answer is: considered outstanding at the beginning of the earliest year
reported

Câu Hỏi 14
Hill Corp. had 600,000 ordinary shares outstanding on January 1, issued 900,000 shares
on July 1, and had income applicable to common stock of €1,050,000 for the year
ending December 31, 2019. Earnings per share for 2019 would be
Select one:
a. €1.17
b. None of these answers are correct
c. €1.00
d. €1.75
e. €0.83
Phản hồi
The correct answer is: €1.00

Câu 15:
Earnings per share is calculated by comparing an entity’s:
Select one:
a. profit with the number of ordinary shares it has on issue
b. revenue with the number of ordinary shares it has on issue
c. profit with the number of shareholders
d. revenue with the number of shareholders
Phản hồi
The correct answer is: profit with the number of ordinary shares it has on issue

Câu Hỏi 16
If the entity has a discontinued operation, then it must also calculate and disclose the:
Select one:
a. the diluted earnings per share ratio only for the discontinued operation in the
statement of profit or loss and other comprehensive income
b. the basic earnings per share ratio only for the discontinued operation in the statement
of profit or loss and other comprehensive income
c. the basic and diluted earnings per share ratios for the discontinued operation in the
statement of profit or loss and other comprehensive income only if the discontinued
operation contributed a profit in the current reporting period
d. the basic and diluted earnings per share ratios for the discontinued operation in the
statement of profit or loss and other comprehensive income
Phản hồi
The correct answer is: the basic and diluted earnings per share ratios for the
discontinued operation in the statement of profit or loss and other comprehensive
income
TRANG 14 NHA

Câu 17:
Dilutive convertible securities must be used in the computation of
Select one:
a. diluted earnings per share only
b. basic earnings per share only
c. diluted and basic earnings per share
d. None of these answers are correct

Câu 18:
Hanson Co. had 200,000 ordinary shares, 20,000 shares of convertible preference
shares, and €1,000,000 of 10% convertible bonds outstanding during 2019. The
preference shares are convertible into 40,000 ordinary shares. During 2019, Hanson
paid dividends of €1.20 per share on the ordinary shares and €4 per share on the
preference shares. Each €1,000 bond is convertible into 45 ordinary shares. The net
income for 2019 was $800,000 and the income tax rate was 30%. Basic earnings per
share for 2019 is (rounded to the nearest penny):
Select one:
a. €3.35
b. None of these answers are correct
c. €3.60
d. €3.22
e. €2.94

Câu 19:
At December 31, 2018, Emley Company had 1,200,000 ordinary shares outstanding. On
September 1, 2019, an additional 400,000 ordinary shares were issueD. In addition,
Emley had €12,000,000 of 6% convertible bonds outstanding at December 31, 2018,
which are convertible into 800,000 ordinary shares. No bonds were converted in 2019.
The net income for the year ended December 31, 2019, was €4,500,000. Assuming the
income tax rate was 30%, what should be the diluted earnings per share for the year
ended December 31, 2019, rounded to the nearest cent?
Select one:
a. $3.38
b. $2.35
c. $2.45
d. $2.11
e. None of these answers are correct

Câu 20:
Hanson Co. had 200,000 ordinary shares, 20,000 shares of convertible preference
shares, and €1,000,000 of 10% convertible bonds outstanding during 2019. The
preference shares are convertible into 40,000 ordinary shares. During 2019, Hanson
paid dividends of €1.20 per share on the ordinary shares and €4 per share on the
preference shares. Each €1,000bond is convertible into 45 ordinary shares. The net
income for 2019 was $800,000 and the income tax rate was 30%. Diluted earnings per
share for 2019 is (rounded to the nearest penny):
Select one:
a. €2.77
b. €3.05
c. €2.81
d. €3.33
e. None of these answers are correct
TRANG 18

Câu 1:
On 1 July 2013 Fantasy Ltd granted 200 options to each of its 100 employees. The
share options will vest on 30 June 2015 if the employees remain employed with the
company on that date. The share options have a life of four years. The exercise price is
$5, which is also Fantasy’s share price at the grant date. Fantasy is unable to reliably
estimate the fair value of the share options at the grant date. Fantasy’s share price and
the number of options exercised are set out below. Share options may only be exercised
at year end. Year ended 30 June 2014: Share price at year end is $6; Year ended 30 June
2015: Share price at yearend is $7; Year ended 30 June 2016: Share price at year end is
$6 and the number of options exercised at year end is 7 800; Year ended 30 June 2017:
Share price at year end is $9 and the number of options exercised at year end is 10 000.
The cumulative remuneration expense to be recognised by Fantasy as at 30 June 2015
is:
Select one:
a. $124 600
b. $35 600
c. $7800
d. $17 800

Câu Hỏi 2
Suppose an entity grants 40 share options to each of its 100 employees on the condition
that they remain in service for 3 years. The employees may choose to exercise their
optionsat the end of year 3, 4 or 5. The payment will be in cash based on the value of
the option at the exercise date. During the first year 7 employees leave and the company
estimate that 13 people will leave in year 2. In fact, 6 leave and the company estimate
that 8 will leave in year 3. In the third year 10 people leave. At the end of the third year
10 employees exercise their options; and in year 4 a further 20. The remainder exercise
their options in the final year. The company estimates the fair value of the options in
years 1 – 4 as €20, €22, €28 & €34 respectively. Intrinsic values in years 3 – 5 are
estimated as €2,500, €3,000 &€4,000 respectively. What is the remuneration expense in
year 2?
Select one:
a. €46,347
b. €38,693
c. €25,014
d. €21,333

Câu Hỏi 3
On 1 July 2013, Nelson Pty Ltd granted 250 options to each of its 50 employees. The
options are conditional on the employees remaining with the company for the 3 year
vesting period. The options have a fair value of €7.50 at vesting date. In addition, the
shares will vest as follows: On 30 June 2014 if the company’s earnings have increased by
more than 12%; On 30 June 2015 if the company’s earnings have increased by more
than 10% averaged across the 2 year period; On 30 June 2016 if the company’s earnings
have increased by more than 8% averaged across the 3 year period. At 30 June 2014
Nelson’s earnings have increased by 11% and 3 employees have left. The company
expects that earnings will continue to increase at a similar rate during the year to 30
June 2015 and that the shares will vest at that time. It also expects that a further 4
employees will leave during the year. The remuneration expense for the year ended 30
June 2014 for Nelson is:
Select one:

a. €26 875.00
b. €29 375.00
c. €88 125.00
d. €40 312.50

Câu Hỏi 4
On 1 July 2015 Pepper Limited granted 500 share options to each of its 100 employees.
Each grant is conditional on the employee working for the company for the next two
years. The fair value of each option is estimated to be €3.00. Pepper estimates that 8%
of its employees will leave during the two year period and therefore forfeit their rights to
the share options. During the year ended 30 June 2016 five employees left. At this time
the company revised its estimate of total employee departures over the full two-year
period to 10%. During the year ended 30 June 2017 a further 4 employees left. The
amount to be recognised as an expense by Pepper for the year ended 30 June 2016 is:
Select one:
a. €69 000
b. €135 000
c. €71 250
d. €67 500

Câu 5:
In a share based payment transaction where the entity has settlement choice:
Select one:
a. the entity has a present obligation to settle in cash where it has a past practice or
stated policy of settling in cash
b. if an entity elects to settle in cash the settlement is accounted for as an expense
c. the entity must settle in equity unless there is no commercial substance to the
transaction
d. where a present obligation does not exist the entity has a choice of classification as an
equity or cash settled share based payment transaction

Câu Hỏi 6
Which of the following is NOT within the scope of IFRS 2?
Select one:
a. Transactions in which the entity receives or acquires goods or services as part of the
net assets acquired in a business combination to which IFRS 3 Business Combinations
applies
b. Cancellation, replacement or other modification of share-based payment
arrangements because of other equity restructuring
c. Equity instruments granted to employees of the acquiree in a business combination in
their capacity as an employee
d. Cancellation, replacement or other modification of share-based payment
arrangements because of a business combination

Câu Hỏi 7
A share–based payment transaction in which the entity receives goods or services as
consideration for equity instruments of the entity is classified in IFRS 2 Share-based
Payment as:
Select one:
a. an “other” share-based payment transaction
b. an equity-settled share-based payment transaction
c. a liability-settled share-based payment transaction
d. a cash-settled share-based payment transaction

Câu 8:

On 1 July 2014 Luca Ltd grants 200 options to each of its 75 employees conditional on
the employee remaining in service over the next two years. The fair value of each option
is estimated to be $7. Luca estimates that 8 employees will leave over the two year
vesting period. By 30 June 2015 four employees have left and the entity estimates that
a further five employees will leave over the next year. On 30 June 2015 Luca decided to
reprice its share options, due to a fall in its share price over the last 12 months. The
repriced share options will vest on 30 June 2016. At the date of repricing Luca estimates
that the fair value of each original option is $1.50 and the fair value of each repriced
option is $3. During the year ended 30 June 2016 four employees left. The
remuneration expense for the year ended 30 June 2015 is:
Select one:
a. $34 650
b. $46 900
c. $46 200
d. $35 175

Câu Hỏi 9
Reload features are accounted for as follows:
Select one
a. separately from the initial options granted
b. as a modification to the initial terms and conditions of the initial options granted
c. as a market condition
d. included in the fair value of the initial options granted at measurement date

Câu Hỏi 10
On 1 July 2013 Watson Pty Ltd granted 100 share appreciation rights (SARS) to each of
its 50 employees, conditional on the employee not leaving the company in the next three
years. The company estimates the fair value of the SARS at the end of each year in
which a liability exists as shown in the table below. The intrinsic values of the SARS at
the date of exercise at 30 June 2016, 2017 and 2018 are also shown. All SARS held by
employees at 30 June 2016 vest. Year ended 2014, 2015, 2016, 2017, 2018: Fair values
are $14.4; $15.5; $18.2; $21.4 respectively. Year ended 2016, 2017, 2018: Intrinsic
values are $15; $20; $25 respectively. By 30 June 2016 nine employees have left and 15
employees have exercised their SARS. The liability recorded at 30 June 2015 is:
Select one:
a. $21 653
b. $19 680
c. $41 333
d. $47 320

Câu Hỏi 11
On 1 July 2013 Diamond Ltd granted 800 share options with an exercise price of €35 to
the CFO, conditional on the CFO remaining in employment with the company until 30
June 2016. The exercise price will drop to €30 if Diamond’s earnings increase by an
average of 8% per year over the three year period. On 1 July 2013 the estimated fair
value of the share options with an exercise price of €35 is €10 per option, and if the
exercise price is €30, the estimated fair value of the options is €12 per option. During
the year ended 30 June 2014 Diamond’s earnings increased by 10% and they are
expected to continue to increase at this rate over the next two years. During the year
ended 30 June 2015 Diamond’s earnings increased by 5% and Diamond management
expected that the earnings target would be achieved. During the year ended 30 June
2016 Diamond’s earnings increased by 11%. When calculating the remuneration
expense to be recognised for the year ended 30 June 2015 which of the following dollar
values should be included in the calculation?
Select one:
a. €10
b. €35
c. €30
d. €12

Câu 12:
Salt Limited grants 1000 share options to each of its 100 employees. Each grant is
conditional on the employee working for the company for the next two years. The fair
value of each option is estimated to be €5.00 at grant date and €7.50 at vesting date.
The amount to be recognised as an expense by Salt in year 2 is:
Select one:
a. €375 000
b. €500 000
c. €250 000
d. €750 000

Câu Hỏi 13
On 1 July 2013 Poggio Ltd grants 300 options to each of its 100 employees conditional
on the employee remaining in service over the next three years. The fair value of each
option is estimated to be $12. Poggio estimates that 15 employees will leave over the
three year vesting period. By 30 June 2014 four employees have left and the entity
estimates that a further ten employees will leave over the next two years. On 30 June
2014 Poggio decided to reprice its share options, due to a fall in its share price over the
last 12 months. The repriced share options will vest on 30 June 2016. At the date of
repricing Poggio estimates that the fair value of each original option is $3 and the fair
value of each repriced option is $5. During the year ended 30 June 2015 a further 6
employees leave and Poggio estimates that another 3 employees will leave during the
year ended 30 June 2016. During the year ended 30 June 2016 four employees left. The
entry at 30 June 2015 to account for the share based payment transaction is:
Select one:
a. Dr Wages expense and Cr Liability to employee
b. Dr Wages expense and Cr Share capital
c. Dr Wages expense and Cr Options issued (equity)
d. Dr Wages expense and Cr Cash
Câu Hỏi 14
Viola Ltd has granted each of its 10 senior executives a choice between receiving a cash
payment equivalent to 1000 shares or receiving 1200 share. The grant is conditional on
the completion of three years’ service with the company. If the share alternative is
chosen, the shares must be held for two years after vesting date. At grant date the
company’s share price is £25 per share. At the end of years 1, 2 and 3 the share price is
£27, £28 and £30 respectively. The company does not expect to pay dividends in the
next three years. After taking into account the effect of post-vesting transfer restrictions
the company estimates the grant-date fair value of the share alternative is £24 per
share. What is the fair value of the cash alternative?
Select one:
a. £250 000
b. £300 000
c. £240 000
d. £288 000

Câu 15:
On 1 July 2013 Watson Pty Ltd granted 100 share appreciation rights (SARS) to each of
its 50 employees, conditional on the employee not leaving the company in the next three
years. The company estimates the fair value of the SARS at the end of each year in
which a liability exists as shown in the table below. The intrinsic values of the SARS at
the date of exercise at 30 June 2016, 2017 and 2018 are also shown. All SARS held by
employees at 30 June 2016 vest. Year ended 2014, 2015, 2016, 2017, 2018: Fair values
are $14.4; $15.5; $18.2; $21.4 respectively. Year ended 2016, 2017, 2018: Intrinsic
values are $15; $20; $25 respectively. By 30 June 2016 nine employees have left and 15
employees have exercised their SARS. This is an example of:
Select one:
a. a share-based payment transaction where the counterparty has the settlement choice
b. a share-based payment transaction where the entity has the settlement choice
c. a cash-settled share-based payment transaction
d. an equity-settled share-based payment transaction

Câu Hỏi 16
Which of the following statements in relation to disclosures required under IFRS 2
Share-based Payment is NOT correct?
Select one

a. For liabilities arising from share-based payment transactions, the total intrinsic value at
the end ofthe period for liabilities where the counter party’s right had not yet vested
b. For arrangements that were modified during the year, the incremental fair value
granted as a result
c. A description of the plan, including the general terms and conditions, vesting
requirements, maximum term of options granted and method of settlement must be
disclosed
d. The weighted average price at the date of exercise for options exercised during the
period

Câu Hỏi 17
On 1 July 2013 Fantasy Ltd granted 200 options to each of its 100 employees. The
share options will vest on 30 June 2015 if the employees remain employed with the
company on that date. The share options have a life of four years. The exercise price is
$5, which is also Fantasy’s share price at the grant date. Fantasy is unable to reliably
estimate the fair value of the share options at the grant date. Fantasy’s share price and
the number of options exercised are set out below. Share options may only be exercised
at year end. Year ended 30 June 2014: Share price at year end is $6; Year ended 30 June
2015: Share price at year end is $7; Year ended 30 June 2016: Share price at year end is
$6 and the number of options exercised at year end is 7 800; Year ended 30 June 2017:
Share price at year end is $9 and the number of options exercised at year end is 10 000.
The formula to calculate the remuneration expense for the year ended 30 June 2016 is:
Select one:
a. (7800 + 10 000) x ($8-$7)
b. 7800 x ($8-$7)
c. (7800 + 10 000) x ($8-$5)
d. 7800 x $8

Câu Hỏi 18
On 1 July 2013 Pearl Pty Ltd granted 800 share options with an exercise price of €35 to
the CFO, conditional on the CFO remaining in employment with the company until 30
June 2016. The fair value of Pearl’s shares at that time was assessed to be €40. The
exercise price will drop to €30 if Pearl’s earnings increase by an average of 8% per year
over the three year period. On 1 July 2013 the estimated fair value of the share options
with an exercise price of €35 is €10 per option, and if the exercise price is €30, the
estimated fair value of the options is €12 per option. During the year ended 30 June
2014 Pearl’s earnings increased by 10% and they are expected to continue to increase at
this rate over the next two years. During the year ended 30 June 2015 Pearl’s earnings
increased by 9% and Pearl management continued to expect that the earnings target
would be achieved. During the year ended 30 June 2016 Pearl’s earnings increased by
only 2%. At 30 June 2016 the share price is €23. The remuneration expense to be
recognised for the year ended 30 June 2014 is:
Select one:
a. €2667
b. €9600
c. €3200
d. €8000

Câu 19:
Which of the following statements in relation to modifications to the terms and
conditions on which equity instruments were granted as part of an employee share
scheme is correct?
Select one:
a. a reduction in a performance hurdle relating to profitability targets will reduce the fair
value of the options
b. an increase in the number of equity instruments granted is not an example of a
modification
c. a shortening of the vesting period will increase the fair value of the share options
d. a reduction in the exercise price of options will reduce the fair value of the share
options

Câu Hỏi 20
Which of the following statements in relation to disclosures required under IFRS 2 is not
correct?
Select one:
a. The number and weighted average exercise price of share options outstanding at the
beginning and end of each period must be disclosed.
b. The total expense arising from share-based payment transactions in which the
services qualified for recognition as an asset must be disclosed.
c. Information about share-based payment arrangements that are substantially the same
may be aggregated.
d. Option pricing models used in valuing share options must be identified.
Câu Hỏi 1
When an entity has a legally enforceable right to set off the recognised amounts of a
financial asset and financial liability and it intends to settle on a net basis, it:
Select one:
a. can write off both the asset and the liability
b. need not present the asset, the liability or the net amount in its financial statements
c. may offset the financial asset and liability
d. is not entitled to offset the asset and liability

Câu Hỏi 2
Which of the following events provide objective evidence that a financial asset has been
impaired: (i) A default in interest payments; (ii) The borrower enters into bankruptcy; (iii)
Significant financial difficulty of the issuer; (iv) The downgrade of an entity’s credit rating.
Select one:
a. (ii) and (iv) only
b. (i), (ii) and (iii) only
c. (ii), (iii) and (iv) only
d. (i), (iii) and (iv) only

Câu Hỏi 3
Financial instruments include accounts receivable, accounts payable, futures contracts,
equity securities and options. Which of the following statements is correct?
Select one:

a. Equity securities and futures contracts are primary financial instruments

b. Accounts receivable, accounts payable and options are primary financial instruments
c. None of the above is correct
d. Accounts receivable and accounts payable are derivative (secondary) financial
instruments

Câu Hỏi 4
[Convertible notes] is considered a compound financial instrument.
According to IAS 32, [Dividend revenue] is recognised in the statement of
comprehensive income.
How should a financial instrument be classified if the issuer of the instrument is bearing
the residual risk associated with holding equity? [Equity instrument]
Equity instrument [Put optionDebt instrumentOrdinary shareDividends paid]Dividend
revenueConver tible notes.

Câu Hỏi 5
a. separately from the initial options granted
b. as a modification to the initial terms and conditions of the initial options granted
c. as a market condition
d. included in the fair value of the initial options granted at measurement date
Phản hồi
The correct answer is: separately from the initial options granted
Câu Hỏi 10
On 1 July 2013 Watson Pty Ltd granted 100 share appreciation rights (SARS) to each of its
50 employees, conditional on the employee not leaving the company in the next three
years. The company estimates the fair value of the SARS at the end of each year in which a
liability exists as shown in the table below. The intrinsic values of the SARS at the date of
exercise at 30 June 2016, 2017 and 2018 are also shown. All SARS held by employees at 30
June 2016 vest. Year ended 2014, 2015, 2016, 2017, 2018: Fair values are $14.4; $15.5;
$18.2; $21.4 respectively. Year ended 2016, 2017, 2018: Intrinsic values are $15; $20; $25
respectively. By 30 June 2016 nine employees have left and 15 employees have exercised
their SARS. The liability recorded at 30 June 2015 is:
Select one:
a. $21 653
b. $19 680
c. $41 333
d. $47 320
Phản hồi

d. An exporter will want to hedge his foreign denominated accounts payable and will purchase
forward contracts to hedge an exposed net liability position.
Phản hồi
The correct answer is: An importer will want to hedge his foreign denominated accounts payable
and will purchase forward contracts to hedge an exposed net liability position.
Câu Hỏi 5
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The reasons for the use of financial instruments such as futures contracts, options and
swaps include all of the following except:
Select one:
a. to reduce the amount of outstanding accounts receivable
b. to enable the raising of funds by businesses
c. to assist in the management of interest rate and foreign currency exchange risks
d. to provide 'off-balance-sheet' financing opportunities
Phản hồi
The correct answer is: to reduce the amount of outstanding accounts receivable
Câu Hỏi 6
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d. A financial instrument to be settled at a later date

Phản hồi
The correct answer is: A newly acquired financial instrument
Câu Hỏi 10
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Cirtus Corporation, a U.S. corporation, placed an order for inventory from a Mexican
supplier on September 18 when the spot rate was $0.0840 = 1 peso. The invoice price will
be denominated in pesos. Also on September 18, they entered into a 30-day forward
contract (designated as a fair value hedge of the firm commitment to purchase) to
purchase 860,000 pesos at a forward rate of $0.0810. On October 18 when the inventory
was received, the spot rate was $0.0890. At what amount should the inventory be carried
on Cirtus' books at the time of contract?
Select one:
a. $72,240
b. $69,660
c. $76,540
d. $860,000
Phản hồi
The correct answer is: $69,660
Câu Hỏi 11
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Câu Hỏi 13
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Corine Ltd, a trader bought a December put option for 10 $100 000 10% treasury bonds at
a premium of $3.95 on January 1, 2010. Year end for Corine is 30 June when the price for a
December put option for $100 000; 10% treasury bonds is $3.50. On 31 July 2010, Corine
Ltd sold the option for $4.00. What are the journal entries to record this transaction?
Select one:
a. Dr Investment in options: $39 500 and Dr Loss on options contract: $500 and Cr Cash at
Bank:
$40 000
b. Dr Investment in options: $35 000 and Dr Loss on options contract: $5000 and Cr Cash at
Bank:
$40 000
c. Dr Cash at Bank: $40 000 and Cr Gain on options contract: $5000 and Cr Investment in
options:
$35 000
d. Dr Cash at Bank: $40 000 and Cr Gain on options contract: $500 and Cr Investment in
options:
$39 500
Phản hồi
The correct answer is: Dr Cash at Bank: $40 000 and Cr Gain on options contract: $5000 and Cr
Investment in options: $35 000
Câu Hỏi 14
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A highly-effective hedge of an existing asset or liability that is reported on the balance
sheet would be recorded using

Phản hồi
The correct answer is: Dr Options issued (equity) and Cr Wages expense
Câu Hỏi 20
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Lerner Co. had 200,000 ordinary shares, 20,000 shares of convertible preference shares,
and €1,000,000 of 10% convertible bonds outstanding during 2019. The preference shares
are convertible into 40,000 ordinary shares. During 2019, Lerner paid dividends of €.90 per
ordinary share and €3.00 per preference share. Each €1,000 bond is convertible into 45
ordinary shares. The net income for 2019 was €600,000 and the income tax rate was 30%.
Basic earnings per share for 2019 is (rounded to the nearest penny)
Select one:
a. €2.70
b. None of these answers are correct
c. €2.42
d. €2.21
e. €2.51
Phản hồi
The correct answer is: €2.70
Câu Hỏi 21
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The degree to which changes in the fair value or cash flows of a hedge item that are
attributable to a hedge risk are offset by the changes in the fair value or cash flows of a
hedging instrument, describes:
Select one:
a. transaction exposure
b. transaction variability
c. hedge ineffectiveness
d. hedge effectiveness
Phản hồi
The correct answer is: hedge effectiveness
Câu Hỏi 22
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If a financial instrument is classified as a cash flow hedge, then _______
Select one:
a. its gains or losses are reported in the income statement if a fiscal year-end occurs before the
settlement date.
b. its gains or losses are reported in the balance sheet if a fiscal year-end occurs before the
settlement date.
c. it is classified as a held-to-maturity asset.
d. it does not require a notional amount.
Phản hồi
The correct answer is: its gains or losses are reported in the balance sheet if a fiscal year-end
occurs
before the settlement date.
Câu Hỏi 23

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Company A issued convertible notes 3 years ago and accounted for them as a compound
financial instrument. Complete the following:
At the end of the three year period the portion of the blank component that relates
to the notes which have been converted blank .

liabilityis transferred to equityequityis transferred to profit & lossremains as a liability

Phản hồi
Câu trả lời của bạn đúng
The correct answer is:
Company A issued convertible notes 3 years ago and accounted for them as a compound
financial
instrument. Complete the following:
At the end of the three year period the portion of the [liability] component that relates to the
notes
which have been converted [is transferred to equity].
Câu Hỏi 24
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Viola Ltd has granted each of its 10 senior executives a choice between receiving a cash
payment equivalent to 1000 shares or receiving 1200 share. The grant is conditional on the
completion of three years’ service with the company. If the share alternative is chosen, the
shares must be held for two years after vesting date. At grant date the company’s share
price is £25 per share. At the end of years 1, 2 and 3 the share price is £27, £28 and £30

respectively. The company does not expect to pay dividends in the next three years. After
taking into account the effect of post-vesting transfer restrictions the company estimates
the grant-date fair value of the share alternative is £24 per share. What is the fair value of
the cash alternative?
Select one:
a. £240 000
b. £288 000
c. £250 000
d. £300 000
Phản hồi
The correct answer is: £250 000
Câu Hỏi 25
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A difference between the amounts of the accounting expenses and the tax deductions of a
company which will be reversed in future periods indicates:
Select one:
a. a temporary difference
b. a permanent difference
c. unethical accounting practices
d. a greater annual income tax expense
Phản hồi
The correct answer is: a temporary difference
Câu Hỏi 26
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In relation to equity instruments granted by an entity where the entity makes modifications
to the terms and conditions attaching to the grant,_______
Select one:
a. where the exercise price of options is modified, the fair value of the options changes
b. terms or conditions may not be modified in a manner that is not beneficial to the employee
c. the incremental fair value is measured as the difference between the fair value of the modified
instrument, estimated at the date of modification and that of the original equity instrument,
estimated at the date of original granting
d. if the modification occurs during the vesting period the incremental fair value is recognised
immediately
Phản hồi
The correct answer is: where the exercise price of options is modified, the fair value of the
options
changes
Câu Hỏi 27
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The reasons for the use of financial instruments such as futures contracts, options and
swaps include all of the following except:
Select one:
a. to assist in the management of interest rate and foreign currency exchange risks

b. to reduce the amount of outstanding accounts receivable

c. to enable the raising of funds by businesses
d. to provide 'off-balance-sheet' financing opportunities
Phản hồi
The correct answer is: to reduce the amount of outstanding accounts receivable
Câu Hỏi 28
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Financial instruments include accounts receivable, accounts payable, futures contracts,
equity securities and options. Which of the following statements is correct?
Select one:
a. Equity securities and futures contracts are primary financial instruments
b. Accounts receivable and accounts payable are derivative (secondary) financial instruments
c. None of the above is correct
d. Accounts receivable, accounts payable and options are primary financial instruments
Phản hồi
The correct answer is: None of the above is correct
Câu Hỏi 29
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On 1 July 2013 Poggio Ltd grants 300 options to each of its 100 employees conditional on
the employee remaining in service over the next three years. The fair value of each option
is estimated to be $12. Poggio estimates that 15 employees will leave over the three year
vesting period. By 30 June 2014 four employees have left and the entity estimates that a
further ten employees will leave over the next two years. On 30 June 2014 Poggio decided
to reprice its share options, due to a fall in its share price over the last 12 months. The
repriced share options will vest on 30 June 2016. At the date of repricing Poggio estimates
that the fair value of each original option is $3 and the fair value of each repriced option is
$5. During the year ended 30 June 2015 a further 6 employees leave and Poggio estimates
that another 3 employees will leave during the year ended 30 June 2016. During the year
ended 30 June 2016 four employees left. The entry at 30 June 2015 to account for the share
based payment transaction is:
Select one:
a. Dr Wages expense and Cr Liability to employee
b. Dr Wages expense and Cr Cash
c. Dr Wages expense and Cr Options issued (equity)
d. Dr Wages expense and Cr Share capital
Phản hồi
The correct answer is: Dr Wages expense and Cr Options issued (equity)
Câu Hỏi 30
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Permanent differences (between revenues and expenses for accounting and tax purposes):
Select one:
a. can cause both Deferred Tax Assets and Deferred Tax Liabilities to arise
b. can cause Deferred Tax Assets but not Deferred Tax Liabilities to arise
c. can cause Deferred Tax Liabilities but not Deferred Tax Liabilities to arise

d. can cause neither Deferred Tax Assets nor Deferred Tax Liabilities to arise
Phản hồi
The correct answer is: can cause neither Deferred Tax Assets nor Deferred Tax Liabilities to
arise
Câu Hỏi 31
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Harry Ltd determined its profit attributable to ordinary shareholders for the reporting
period ended 30 June 2016 as €960,000. The average market price of the entity’s shares
during the period is €4.00 per share. The weighted average number of ordinary shares on
issue during the period is 1,000,000. The weighted average number of shares under share
options arrangements during the year is 200,000 and the exercise price of shares under
option is €3.50. The diluted earnings per share at 30 June 2016 is:
Select one:
a. €0.94
b. €0.80
c. €4.00
d. €1.24
Phản hồi
The correct answer is: €0.94
Câu Hỏi 32
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Fugate Company had 500,000 ordinary shares issued and outstanding at December 31,
2018. On July 1, 2019 an additional 500,000 shares were issued for cash. Fugate also had
share options outstanding at the beginning and end of 2019 which allow the holders to
purchase 150,000 ordinary shares at €20 per share. The average market price of Fugate's
ordinary shares was €25 during 2016. What is the number of shares that should be used in
computing diluted earnings per share for the year ended December 31, 2019?
Select one:
a. 870,000
b. 1,030,000
c. 787,500
d. None of these answers are correct
e. 780,000
Phản hồi
The correct answer is: 780,000
Câu Hỏi 33
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Đoạn văn câu hỏi
At the December 31, 2018 statement of financial position date, Unruh Corporation reports
an accrued receivable for financial reporting purposes but not for tax purposes. When this
asset is recovered in 2019, a future taxable amount will occur and
Select one:
a. Unruh will record an increase in a deferred tax asset in 2019
b. total income tax expense for 2019 will exceed current tax expense for 2019
c. Unruh will record a decrease in a deferred tax liability in 2019
d. pretax financial income will exceed taxable income in 2019

Phản hồi
The correct answer is: Unruh will record a decrease in a deferred tax liability in 2019
Câu Hỏi 34
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On 1 July 2014 Luca Ltd grants 200 options to each of its 75 employees conditional on the
employee remaining in service over the next two years. The fair value of each option is
estimated to be $7. Luca estimates that 8 employees will leave over the two year vesting
period. By 30 June 2015 four employees have left and the entity estimates that a further
five employees will leave over the next year. On 30 June 2015 Luca decided to reprice its
share options, due to a fall in its share price over the last 12 months. The repriced share
options will vest on 30 June 2016. At the date of repricing Luca estimates that the fair value
of each original option is $1.50 and the fair value of each repriced option is $3. During the
year ended 30 June 2016 four employees left. The remuneration expense for the year
ended 30 June 2015 is:
Select one:
a. $35 175
b. $34 650
c. $46 200
d. $46 900
Phản hồi
The correct answer is: $35 175
Câu Hỏi 35
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