LEGAL FRAME WORK TEST UES.pdf

LEGAL FRAME WORK TEST UES.pdf - III.|I||.‘I||||IIIIIIL|...

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Unformatted text preview: III...|I||..‘I||||IIIIIIL|[[ . BBQ—8 Reagan—.5 . _ 23% am so mo=o£5m Ea J. @3259». 359: 3.833" . 38:82. A»? $9! m Anywawaoo $8". @3850 25030:. . C . a . ”v m a 8333 a 8;:qu 8 Sauna 33:33: o: i=8: cm :8 mags—am . - a O n . N d5 JMSWMMmiam so «a: 25 m3. m_mEmo§. gunman 3—3.8. .8 gamma . .. . . . . . 33 a: immoflhwwa 3 £33 :5 E8083 =38 2. 588m" . . :28 B . ”WW :3 a 9% 53.2 83:5 25 osmSBoa . . . . . o. E. 033:3 ”3 mafia»— was; a «BE—.8 8 Saran 53:38: a . “flags 9: a8 on 5 9.83 comaow Ba Roxana. ace—do A3358 25~ .3 8833.». En 02:25.2 >3 EmmV Rosa :5 5880 «38502 c». a 8:693 8 an «was...» . . $3 388 on; . _. evww Page: 25 , 55. £92 ‘ 35% con. _ a gun: can on so megs—am can“ no" guns. 5 9 ion?" _. 35% 5.813 8“.» (ClDiStfibution costs (d)Administrative Expenses 7 Which of the fa“ (a)FlFO owmg Inventory valuation methods are compames perrmtted to usc" (c)Weighted average “m (b)LlF0. (d)Base stock. 8. Which one 0fthe fol . lowing need not be present for an operation to be classified as a discontinu for the purpOse once,“ . . . Pally S finan ‘ (a)lt ls intended to be sold Within a yclal statements? (b)lt has been making losses (c)lt can be separately identifiab ' le 1n ge - . . (d)1t has been Offered for sale at a fair :rlseof its operations and financral aspects relation to a discontinued operation? Profi ' 28:0 . torlloss (after tax) in three years (b)Profit or loss (after tax) in the current year . c am 01' 088 (after tax) on its sale (d)Cash flow in current year . . 10. Which of the following reasons might cause the depreciation charge for the sum6 “°“'c“mm asset to vary. ; f (a)Use of a different methodof depreciation (b)Use of a different valuation basis (c)Difl‘erent assumptions as to economic life (d)Diffetent assumptions as to. residual value ____._______________._———‘———--""' 1.9 Review Questions ' 1. What do you mean by legal systems in business? 2. Explain the benefits of business and environment? 3. Why do we use the scope of business and commercial law? 4. How we can explain aspects of business? ‘ 5. What do you mean by scope of mercantile law? 6. Describe the relationship between business and its environment? 7. Explain environment business relations? » 8. Which are the main issue of business law? 9. What are the sources and scope of mercantile law? 10. What do you mean by legal systems in business? Answers for Self Assessment Questions 1. (a) 2. (a) ‘ 3. (a) 4. (b) 5. (c) 6. (c) 7; (a) ' s. (a) 9. (a) 10. (c) ...
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