[真题]2020年ACCAF4考试：有关不公平解雇的相关考题

发布时间：2020-10-11

今天51题库考试学习网为大家带来[真题]2020年ACCAF4考试：有关不公平解雇的相关考题，希望对你们备考有所帮助，备考的小伙伴一起来看看吧。

【Questions】

1 If a worker is deemed to be an employee, which of the following would NOT be correct?

A.They would benefit from vicarious liability.

B.They would receive statutory sick pay.

C.They would receive their pay gross of all taxable contributions.

2 Lewis is a shareholder in Mayton plc. After reading the company\'s most recent annual accounts, Lewis is so impressed with how the business is doing that he decides to buy additional shares on the stock exchange. It later becomes clear that the accounts have been prepared negligently and that "far from doing well" the company is actually doing very badly.

Lewis intends to sue X & Co, the firm of accountants that prepared the accounts.

Is X & Co liable to Lewis for negligent misstatement and for what reason?

A.Yes, because it is reasonably foreseeable that existing shareholders would rely on the accounts for the purpose of reviewing their investments.

B.No, because X & Co does not owe a duty of care to existing shareholders who rely on the accounts when deciding.whether to vary their shareholding in Mayton plc.

C.No, because Lewis bought his new shares from an existing shareholder and not from Mayton plc itself.

D.Yes, because Lewis bought the additional shares as a direct result of reading the accounts.

3 Which TWO of the following statements about the remedy of re-engagement in unfair dismissals are true?

A.The employee will have to return to the company even if it is not their wish to do so.

B.It should not be made where there has been a breakdown in confidence between the parties.

C.The employee takes on a new role for the same employer on comparable terms to the old job.

D.The employee returns to their old job under the same conditions.

【Answers】

1 They would receive their pay gross of all taxable contributions An employee should receive their pay net of tax under the PAYE system.

2 No, because X & Co does not owe a duty of care to existing shareholders who rely on the accounts when deciding whether to vary their shareholding in Mayton plc X & Co owes a duty of care to Mayton plc but not to its individual shareholders, even if they rely on the accounts to increase their shareholding.

3 The employee takes on a new role within the company on comparable terms to the old job It should not be made where there has been a breakdown in confidence between the parties The remedy of re-engagement means that the employee takes on a new role for the same employer under comparable conditions to their old job. It is only appropriate where there has not been a breakdown of confidence between the parties.

今天的试题分享到此结束，预祝各位小伙伴顺利通过接下来的ACCA考试，如需查看更多ACCA考试试题，记得关注51题库考试学习网！

下面小编为大家准备了 ACCA考试 的相关考题，供大家学习参考。

16 Which of the following events between the balance sheet date and the date the financial statements are

authorised for issue must be adjusted in the financial statements?

1 Declaration of equity dividends.

2 Decline in market value of investments.

3 The announcement of changes in tax rates.

4 The announcement of a major restructuring.

A 1

A 1 only

B 2 and 4

C 3 only

D None of them

正确答案：D

3 Palm plc recently acquired 100% of the ordinary share capital of Nikau Ltd from Facet Ltd. Palm plc intends to use

Nikau Ltd to develop a new product range, under the name ‘Project Sabal’. Nikau Ltd owns shares in a non-UK

resident company, Date Inc.

The following information has been extracted from client files and from a meeting with the Finance Director of Palm

plc.

Palm plc:

– Has more than 40 wholly owned subsidiaries such that all group companies pay corporation tax at 30%.

– All group companies prepare accounts to 31 March.

– Acquired Nikau Ltd on 1 November 2007 from Facet Ltd, an unrelated company.

Nikau Ltd:

– UK resident company that manufactures domestic electronic appliances for sale in the European Union (EU).

– Large enterprise for the purposes of the enhanced relief available for research and development expenditure.

– Trading losses brought forward as at 1 April 2007 of ￡195,700.

– Budgeted taxable trading profit of ￡360,000 for the year ending 31 March 2008 before taking account of ‘Project

Sabal’.

– Dividend income of ￡38,200 will be received in the year ending 31 March 2008 in respect of the shares in Date

Inc.

‘Project Sabal’:

– Development of a range of electronic appliances, for sale in North America.

– Project Sabal will represent a significant advance in the technology of domestic appliances.

– Nikau Ltd will spend ￡70,000 on staffing costs and consumables researching and developing the necessary

technology between now and 31 March 2008. Further costs will be incurred in the following year.

– Sales to North America will commence in 2009 and are expected to generate significant profits from that year.

Shares in Date Inc:

– Nikau Ltd owns 35% of the ordinary share capital of Date Inc.

– The shares were purchased from Facet Ltd on 1 June 2003 for their market value of ￡338,000.

– The sale was a no gain, no loss transfer for the purposes of corporation tax.

– Facet Ltd purchased the shares in Date Inc on 1 March 1994 for ￡137,000.

Date Inc:

– A controlled foreign company resident in the country of Palladia.

– Annual chargeable profits arising out of property investment activities are approximately ￡120,000, of which

approximately ￡115,000 is distributed to its shareholders each year.

The tax system in Palladia:

– No taxes on income or capital profits.

– 4% withholding tax on dividends paid to shareholders resident outside Palladia.

Required:

(a) Prepare detailed explanatory notes, including relevant supporting calculations, on the effect of the following

issues on the amount of corporation tax payable by Nikau Ltd for the year ending 31 March 2008.

(i) The costs of developing ‘Project Sabal’ and the significant commercial changes to the company’s

activities arising out of its implementation. (8 marks)

正确答案：
(a) Nikau Ltd – Effect on corporation tax payable for the year ending 31 March 2008
(i) Project Sabal
Research and development expenditure
The expenditure incurred in respect of research and development will give rise to an enhanced deduction for the
purposes of computing the taxable trading profits of Nikau Ltd. The enhanced deduction is 125% of the qualifying
expenditure as Nikau Ltd is a large enterprise for this purpose.
The expenditure will reduce the profits chargeable to corporation tax of Nikau Ltd by ￡87,500 (￡70,000 x 1·25) and
its corporation tax liability by ￡26,250 (￡87,500 x 30%).
The budgeted expenditure will qualify for the enhanced deduction because it appears to satisfy the following conditions.
– It is likely to qualify as research and development expenditure within generally accepted accounting principles as
it will result in new technical knowledge and the production of a substantially improved device for use in the
industry.
– It exceeds ￡10,000 in Nikau Ltd’s accounting period.
– It relates to staff costs, consumable items or other qualifying expenditure as opposed to capital items.
– It will result in further trading activities for Nikau Ltd.
Use of brought forward trading losses
The development of products for the North American market is likely to represent a major change in the nature and
conduct of the trade of Nikau Ltd. This is because the company is developing new products and intends to sell them in
a new market. It is a major change as sales to North America are expected to generate significant additional profits.
Because this change will occur within three years of the change in the ownership of Nikau Ltd on 1 November 2007,
any trading losses arising prior to that date cannot be carried forward beyond that date.
Accordingly, the trading losses brought forward may only be offset against ￡158,958 ((￡360,000 – ￡87,500) x 7/12)
of the company’s trading profits for the year. The remainder of the trading losses ￡36,742 (￡195,700 – ￡158,958) will
be lost resulting in lost tax relief of ￡11,023 (￡36,742 x 30%).
Tutorial note
The profits for the year ending 31 March 2008 will be apportioned to the periods pre and post 1 November 2007 on
either a time basis or some other basis that is just and reasonable.

(ii) Calculate the minimum target contribution to sales ratio (%) at which ‘Nellie the Elephant’ will be

financially viable, assuming that all other data remain unchanged. (4 marks)

正确答案：

 

声明：本文内容由互联网用户自发贡献自行上传，本网站不拥有所有权，未作人工编辑处理，也不承担相关法律责任。如果您发现有涉嫌版权的内容，欢迎发送邮件至：contact@51tk.com 进行举报，并提供相关证据，工作人员会在5个工作日内联系你，一经查实，本站将立刻删除涉嫌侵权内容。

站内搜索
热门标签