CIMA F1 - Financial Reporting

T T T is an online retailer. It has 1,000 units of Product X in inventory at the year end. The following information relates to Product X:

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What is the amount that should be included in the cost of TTT's inventory of Product X?

The statement of profit or loss for PQ, ST and AB for the year ended 31 December 20X0 are shown below:

1. PQ acquired 80% of its subsidiary, ST, on 1 January 20X0 and 40% of its associate, AB, on 1 September 20X0.

2. Since acquistion PQ has sold goods to ST and AB for $20,000 and $30,000 respectively. At the year end both ST and AB have 50% of these goods remaining in inventory. PQ uses a mark-up of 20% on all of its sales.

3. Since acquisition the goodwill in respect of ST has been impaired by $8,000 and the investment in AB has been impaired by $2,000.

4. PQ uses the fair value method for non-controlling interest at acquisition.

What is the value of the unrealized profit in inventory adjustment required to inventory in PQ's consolidated statement of financial position at 31 December 20X0?

Which TWO of the following are features of a bank overdraft?

OP is considering investing in government bonds. The current price of a $100 bond with 8 years to maturity is $88.

The bonds have a coupon rate of 6% and repay face value of $100 at the end of the 8 years.

Calculate the yield to maturity.

Give your answer to one decimal place.