MGT401 Current Final Term Fall 2013 Shared by Usama Gee File 2

My Mgt401 current paper Some of the Questions which i have copied

1] (((((((5 Numbers)))))))))

A Limited Company is engaged in production of surgical items. The company acquired the asset on the following terms:

Fair value of the asset Rs. 68,000
Down payment Rs. 10,000
Annual payments Rs. 20,000
Lease term 3 years
Interest rate implicit in the lease 10.65% p.a.
Residual value guaranteed by the lessee Rs. 10,000

You are required to calculate the Present Value of Minimum Lease Payment.

2] (((((((5 Numbers)))))))))

Define Current Liabilities & write its Heads ???

(((((((((((((Objectives MCQS of 1 number each ))))))))))))))-------------------------

With respect to IAS 10, the discovery of fraud that shows the financial statements are incorrect after the balance sheet date is considered as which of the following?

With respect to IAS 10, sale of inventory after the balance sheet date below its cost and also below its net realizable value (inventory was measured at net realizable value on the balance sheet date) is considered as which of the following?

With respect to IAS 10, abnormally large changes after the balance sheet date in asset prices or foreign exchange rates are considered as which of the following?

40% paper only from Past paper

Define Liabilities According to IAS -37 ???? (5 Numbers)

What do u Know About IAS10???? (5 Numbers)