PRINCIPLES in .NET

Deploy qrcode in .NET PRINCIPLES

1. A joint venture is exempt from using the equity method or proportionate consolidation in certain circumstances. Which of the following circumstances is not a legitimate reason for not using the equity method or proportionate consolidation (a) Where the interest is held for sale under IFRS 5. (b) Where the exception in IAS 27 applies regarding an entity not being required to present consolidated financial statements. (c) Where the venturer is wholly owned, is not a publicly traded entity and does not intend to be, the ultimate parent produces consolidated accounts, and the owners do not object to the nonusage of the accounting methods. (d) Where the joint venture s activities are dissimilar from those of the parent. Answer: (d) 2. In the case of a jointly controlled operation, a venturer should account for its interest by (a) Using the equity method or proportionate consolidation. (b) Recognizing the assets and liabilities, expenses and income that relate to its interest in the joint venture. (c) Showing its share of the assets that it jointly controls, any liabilities incurred jointly or severally, and any income or expense relating to its interest in the joint venture. (d) Using the purchase method of accounting. Answer: (b) 3. In the case of jointly controlled assets, a venturer should account for its interest by (a) Using the equity method or proportionate consolidation. (b) Recognizing the assets and liabilities, expenses and income that relate to its interest in the joint venture. (c) Showing its share of the assets that it jointly controls, any liabilities incurred jointly or severally, and any income or expense relating to its interest in the joint venture. (d) Using the purchase method of accounting. Answer: (c) 4. In the case of jointly controlled entities, a venturer should account for its interest by (a) Using the equity method or proportionate consolidation. (b) Recognizing the assets and liabilities, expenses and income that relate to its interest in the joint venture. (c) Showing its share of the assets that it jointly controls, any liabilities incurred jointly or severally, and any income or expense relating to its interest in the joint venture. (d) Using the purchase method of accounting. Answer: (a)

To show the Windows 95 Win32 heap headers and arenas in action, I wrote the WALKHEAP program. Source code for WALKHEAP is on the accompanying disk. WALKHEAP consists of two program files: WALKHEAP. C, which contains code to walk and display a Win32 heap, and HEAPW32.H, which contains structure definitions for the heap headers and arenas. The WALKHEAP program needs to run under the debug version of Windows 95. A similar program on the disk (WALKHP2.EXE) walks the Win32 heaps of the retail build. Yes, I could have walked the heap using the 32-bit TOOLHELP32 functions, but that wouldn't have been as much fun. Nor would it

Audit committees are larger: median sizes are now 4 members for manufacturing and nonfinancial services companies up from 3 in 1978 and 4.5 for financial firms, up from 4. Their members include fewer directors with relationships that might interfere with the exercise of independent judgment, especially former executives of the company and directors affiliated with banks serving the company. Ninety percent of the committees have no members with such a potential conflict of interest.5