Please use the grid provided on page two of the Candidate Answer Booklet to record your answers to each multiple  choice question. Do not write out the answers to the MCQs on the lined pages of the answer booklet. Each question is worth 2 marks. On a market value basis, GFV Co is financed 70% by equity and 30% by debt. The company has an after-tax cost of debt of 6% and an equity beta of 1·2. The risk-free rate of return is 4% and the equity risk premium is 5%. What is the after-tax weighted average cost of capital of GFV Co? A 5·4% B 7·2% C 8·3% D 8·8% Answer： D Cost of equity = 4 + (1·2 x 5) = 4 + 6 = 10% WACC = (10 x 0·7) + (6 x 0·3) = 7 + 1·8 = 8·8% ACCA特许公认会计师F段+OBU本科学位班【签约班】 高级商业会计证书+英国牛津布鲁克斯大学学士学位 不过重读1年 ACCA特许公认会计师P段【签约班】 名师授课，签约过关有保障！不过免费重读1年 ACCA特许公认会计师全科【签约班】 名师授课，助您零基础直达ACCA初级 更多精彩： 【考试攻略】最全ACCA笔考攻略（超详细） ACCA F1科目考试重点，必看！ ACCA新手入门该如何安排学习计划？学习ACCA到底有什么收获？

Please use the space provided on the inside cover of the Candidate Answer Booklet to indicate your chosen answer to each multiple choice question. Each question is worth 2 marks. A company receives rent from a large number of properties. The total received in the year ended 30 April 20X6 was $481,200. The following were the amounts of rent in advance and in arrears at 30 April 20X5 and 20X6:                                                                     30 April 20X5        30 April 20X6                                                                                 $                       $ Rent received in advance                                   28,700              31,200 Rent in arrears (all subsequently received)        21,200              18,400 What amount of rental income should appear in the company’s statement of profit or loss for the year ended 30 April 20X6? A $486,500 B $460,90900 C $501,500 D $475,900 Answer： D                                                                $ Balance b/f (advance)                      28,700 Balance b/f (arrears)                       (21,200) Cash received                                 481,200 Balance c/f (advance)                     (31,200) Balance c/f (arrears)                         18,400                                                      ––––––––                                                        475,900                                                      ––––––––   ACCA特许公认会计师F段+学士学位【签约班】 高级商业会计证书+英国牛津布鲁克斯大学学士学位 不过重读1年 查看折扣 ACCA特许公认会计师P段【签约班】 名师授课，签约过关有保障！不过免费重读1年 查看折扣 ACCA特许公认会计师全科【签约班】 名师授课，助您零基础直达ACCA初级 查看折扣 更多精彩： 上班族如何高效复习备考ACCA？ ACCA F1科目考试重点，必看！ ACCA新手入门该如何安排学习计划？学习ACCA到底有什么收获？    

Please use the grid provided on page two of the Candidate Answer Booklet to record your answers to each multiple choice question. Do not write out the answers to the MCQs on the lined pages of the answer booklet. Each question is worth 2 marks. Peach Co’s latest results are as follows:                                                                                  $000 Profit before interest and taxation                         2,500 Profit before taxation                                              2,250 Profit after tax                                                         1,400 In addition, extracts from its latest statement of financial position are as follows:                                                                                  $000 Equity                                                                     10,000 Non-current liabilities                                             2,500 What is Peach Co’s return on capital employed (ROCE)? A 14% B 18% C 20% D 25% Answer： C Operating profit/(D + E) = 100 x 2,500/(10,000 + 2,500) = 20% ACCA特许公认会计师F段+OBU本科学位班【签约班】 高级商业会计证书+英国牛津布鲁克斯大学学士学位 不过重读1年 查看折扣 ACCA特许公认会计师P段【签约班】 名师授课，签约过关有保障！不过免费重读1年 查看折扣 ACCA特许公认会计师全科【签约班】 名师授课，助您零基础直达ACCA初级 查看折扣 更多精彩： 考经分享丨通过就是王道！备考ACCA，你有必要避免这些坑••• 【考试攻略】最全ACCA笔考攻略（超详细） ACCA F1科目考试重点，必看！  

Please use the grid provided on page two of the Candidate Answer Booklet to record your answers to each multiple choice question. Do not write out the answers to the MCQs on the lined pages of the answer booklet. Each question is worth 2 marks. Which of the following is NOT a duty of the IFRS Interpretations Committee? A To interpret the application of International Financial Reporting Standards B To work directly with national standard setters to bring about convergence with IFRS  C To provide guidance on financial reporting issues not specifically addressed in IFRSs D To publish draft interpretations for public comment Answer： B ACCA特许公认会计师F段+OBU本科学位班【签约班】 高级商业会计证书+英国牛津布鲁克斯大学学士学位 不过重读1年 查看折扣 ACCA特许公认会计师P段【签约班】 名师授课，签约过关有保障！不过免费重读1年 查看折扣 ACCA特许公认会计师全科【签约班】 名师授课，助您零基础直达ACCA初级 查看折扣 更多精彩： ACCA会员分享 | 会计人成长重在“宽度”与“高度” 2019年6月ACCA考试结束，成绩要如何查询呢？

Please use the grid provided on page two of the Candidate Answer Booklet to record your answers to each multiple choice question. Do not write out the answers to the MCQs on the lined pages of the answer booklet. Each question is worth 2 marks. Which of the following government actions would lead to an increase in aggregate demand? (1) Increasing taxation and keeping government expenditure the same (2) Decreasing taxation and increasing government expenditure (3) Decreasing money supply (4) Decreasing interest rates A 1 only B 1 and 3 C 2 and 4 only D 2, 3 and 4 Answer： C Decreasing taxation and increasing government expenditure would lead to increased aggregate demand. Decreasing interest rates reduces the incentive to save and so would lead to an increase in aggregate demand. ACCA特许公认会计师F段+OBU本科学位班【签约班】 高级商业会计证书+英国牛津布鲁克斯大学学士学位 不过重读1年 查看折扣 ACCA特许公认会计师P段【签约班】 名师授课，签约过关有保障！不过免费重读1年 查看折扣 ACCA特许公认会计师全科【签约班】 名师授课，助您零基础直达ACCA初级 查看折扣 更多精彩： 【考试攻略】最全ACCA笔考攻略（超详细） CFA,FRM,CPA,ACCA,MBA谁更适合你? 学霸分享 | 跨专业高分考取ACCA双第一，我是怎么做到的？  

Please use the space provided on the inside cover of the Candidate Answer Booklet to indicate your chosen answer to each multiple choice question. Each question is worth 2 marks Which of the following statements is correct? A Tax allowable depreciation is a relevant cash flow when evaluating borrowing to buy compared to leasing as a financing choice B Asset replacement decisions require relevant cash flows to be discounted by the after-tax cost of debt C If capital is rationed, divisible investment projects can be ranked by the profitability index when determining the optimum investment schedule D Government restrictions on bank lending are associated with soft capital rationing Answer： C ACCA特许公认会计师F段+OBU本科学位班【签约班】 高级商业会计证书+英国牛津布鲁克斯大学学士学位 不过重读1年 查看折扣 ACCA特许公认会计师P段【签约班】 名师授课，签约过关有保障！不过免费重读1年 查看折扣 ACCA特许公认会计师全科【签约班】 名师授课，助您零基础直达ACCA初级 查看折扣 更多精彩： ACCA会员权利 & 义务知多少 学ACCA能收获哪些实用专业技能？ 新手入门之ACCA备考如何挑选教材？  

目的特点:记忆为主,思路为主,因此这些科目的学习方法和计算类科目的学习方法略有差别,除了第一阶段相同以外。   第一阶段： 此阶段可以参考计算题第一阶段的学习策略。   第二阶段：这个时候你去做题,你会发现思路不清楚,为什么这样答呢？以及读题解题能力比较差,那么这个时候去记忆知识点,去尝试着总结练习册上的题目,列提纲,列要点,不断的加强记忆,因此这个时候建议大家准备一个专门的笔记本,以便我们复习的时候用到。   第三阶段：第二遍题目,加强记忆,因为此时你会发现第一遍的记忆已经很模糊,第二遍的思路整理是至关重要的,不断的强化答题要点！   第四阶段：不要用手去写,因为会浪费时间,按照当期重点来进行准备,固定句型,固定答案,固定要点一定要沉着于胸！一定要做到标准化的商业书写,因为考官在这一块的要求是比较高的,而这一块往往是我们在学习过程中做得最不容易做好的地方。   推荐阅读：   上班族如何高效复习备考ACCA？   ACCA夺分小技巧

Please use the grid provided on page two of the Candidate Answer Booklet to record your answers to each multiple choice question. Do not write out the answers to the MCQs on the lined pages of the answer booklet. Each question is worth 2 marks. Parket Co acquired 60% of Suket Co on 1 January 20X7. The following extract has been taken from the individual statements of profit or loss for the year ended 31 March 20X7:                                                     Parket Co                            Suket Co                                                       $’000                                $’000 Cost of sales                                       710                                     480 Parket Co consistently made sales of $20,000 per month to Suket Co throughout the year. At the year end, Suket Co held $20,000 of this in inventory. Parket Co made a mark-up on cost of 25% on all sales to Suket Co. What is Parket Co’s consolidated cost of sales for the year ended 31 March 20X7? A $954,000 B $950,000 C $774,000  D $766,000 Answer：  C 710,000 + (480,000 x 3/12) – (20,000 x 3) + (20,000 x 25/125) = $774,000 ACCA特许公认会计师F段+OBU本科学位班【签约班】 高级商业会计证书+英国牛津布鲁克斯大学学士学位 不过重读1年 查看折扣 ACCA特许公认会计师P段【签约班】 名师授课，签约过关有保障！不过免费重读1年 查看折扣 ACCA特许公认会计师全科【签约班】 名师授课，助您零基础直达ACCA初级 查看折扣 更多精彩： ACCA这张证书价值究竟有多大？写给对ACCA仍不了解的童鞋们 ACCA会员权利 & 义务知多少  

Please use the grid provided on page two of the Candidate Answer Booklet to record your answers to each multiple choice question. Do not write out the answers to the MCQs on the lined pages of the answer booklet. Each question is worth 2 marks. A company has annual after-tax cash flows of $2 million per year which are expected to continue in perpetuity. The  company has a cost of equity of 10%, a before-tax cost of debt of 5% and an after-tax weighted average cost of capital  of 8% per year. Corporation tax is 20%. What is the theoretical value of the company? A $20m B $40m C $50m D $25m Answer:  D Theoretical value = 2m/0·08 = $25m ACCA特许公认会计师F段+OBU本科学位班【签约班】 高级商业会计证书+英国牛津布鲁克斯大学学士学位 不过重读1年 查看折扣 ACCA特许公认会计师P段【签约班】 名师授课，签约过关有保障！不过免费重读1年 查看折扣 ACCA特许公认会计师全科【签约班】 名师授课，助您零基础直达ACCA初级 查看折扣 更多精彩： 考经分享丨通过就是王道！备考ACCA，你有必要避免这些坑••• ACCA : F1阶段的每个章节介绍 5大ACCA学习利器！  

Please use the space provided on the inside cover of the Candidate Answer Booklet to indicate your chosen answer to each multiple choice question. Each question is worth 2 marks TKQ Co has just paid a dividend of 21 cents per share and its share price one year ago was $3·10 per share. The total shareholder return for the year was 19·7%. What is the current share price? A $3·50 B $3·71 C $3·31 D $3·35 Answer： A Monetary value of return = $3·10 x 1·197 = $3·71 Current share price = $3·71 – $0·21 = $3·50 ACCA特许公认会计师F段+OBU本科学位班【签约班】 高级商业会计证书+英国牛津布鲁克斯大学学士学位 不过重读1年 查看折扣 ACCA特许公认会计师P段【签约班】 名师授课，签约过关有保障！不过免费重读1年 查看折扣 ACCA特许公认会计师全科【签约班】 名师授课，助您零基础直达ACCA初级 查看折扣 更多精彩： ACCA : F1阶段的每个章节介绍 ACCA F1科目考试重点，必看！ CFA,FRM,CPA,ACCA,MBA谁更适合你?