QUESTION: 33

Which of the following is a type of short-term finance?

Trade payables
Trade receivables
Interest bearing bank deposit
Loan repayable in five years

Answer(s): A

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QUESTION: 34

Which of the following would NOT be a risk or impact of overtrading?

Increase in interest payments
Increased borrowings
Shortage of working capital
Expanding too quickly

Answer(s): D

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QUESTION: 35

The development of an international financial reporting standard generally goes through a number of stages.
Which of the following is NOT a stage of development?

Producing an exposure draft for public comment
Establishing an advisory committee
Developing and publishing a discussion paper
Establishing an interpretations committee

Answer(s): D

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QUESTION: 36

Which of the following is NOT a responsibility of the International Accounting Standards Board?

Preparation of international financial reporting standards.
Fundraising for the international accounting standards committee foundation.
Withdrawal of international accounting reporting standards.
Final approval of interpretations by the international financial reporting interpretations committee.

Answer(s): B

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Free CIMA F1 Financial Reporting Exam Braindumps (page: 24)

QUESTION: 33

QUESTION: 34

QUESTION: 35

QUESTION: 36

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