S.Y B.COM
SEMESTER - 4
CORPORATE ACCOUNTING
(CA)
MCQS - 2019
1. While calculating Normal Rate of return, following points are to be taken into consideration.
[A] Additional return for financial risk
[B] Additional return for business risk
[C] Both A and B
[D] none of these
2. Calculate adjusted profit for the year 2017-2018 from the following details:
Profit before Tax: ₹ 1,50,000; Closing stock was undervalued by ₹ 10,000 in 2017-2018; Non-Recurring Income amounted to ₹ 4,500 and Tax rate applicable is 30.9%
[A] ₹ 1,07,450
[B] ₹ 1,07,540
[C] ₹ 1,04,750
[D] ₹ 1,05,740
3. When goodwill is not depended upon person or place and is very casual, then it is _____
[A] Cat goodwill
[B] Dog goodwill
[C] Rat goodwill
[D] Rabbit goodwill
4. If normal rate of return is 10% then price earnings Ratio will be ____.
[A] 5 Times
[B] 10 times
[C] 15 times
[D] None of these
5. Under Yield method of valuation of Equity shares, if normal rate of Earning is 10% and expected Rate of earning is 21.43% for an equity share of ₹ 100 each fully paid, compute the value of an equity shares.
[A] ₹ 90.13
[B] ₹ 107.15
[C] ₹ 214.30
[D] None of these
6. If opening capital employed is ₹ 18,75,000, closing capital employed is ₹ 23,75,000 Average Future maintainable profit is ₹ 3,75,000( includes loss due to fire ₹ 50,000) Normal Rate of Return is 15% and super profit can be maintained for 3 years, what is the amount of goodwill?
[A] ₹ 3,11,250
[B] ₹ 1,91,250
[C] ₹ 3,18,750
[D] None of these
7. Profit available to equity shareholders is ₹ 6,00,000. Company has 3,00,000 equity shares of ₹ 10 each. Normal rate of Return is 10% Find out the value per share based on price earnings ratio.
[A] ₹ 20
[B] ₹ 10
[C] ₹ 15
[D] none of these
8. ABC Limited has averages future maintainable profit of ₹ 3,00,000. Normal Rate of return is 11% and opening capital employed is ₹ 5,00,000 and closing capital employed is ₹ 7,00,000. The amount of goodwill as per supper profit method at 4 years purchase is ____.
[A] ₹ 4,01,400
[B] ₹ 9,36,000
[C] ₹ 2,36,000
[D] ₹ 1,99,000
9. The profits of the company during the past 3 years are given below:
|
2015-2016 |
₹ 3,00,000 (included ₹ 30,000 non recurring income) |
|
2016-2017 |
₹ 3,50,000 (loss ₹ 50,000 on sale of machinery ) |
|
2017-2018 |
₹ 4,00,000 (speculative profit of ₹ 50,000) |
Calculate AFMP on the basis of above information (ignore tax)
[A] ₹ 3,40,000
[B] ₹ 2,50,000
[C] ₹ 3,00,000
[D] None of these
10. The_______ of shares is the averages of the value obtained by the net asset method and Yield method.
[A] Price Earnings ratio
[B] fair value
[C] Both A and B
[D] None of these
11. Match the following:-
|
1. Goodwill |
a) Accounted in the Books of Accounts |
|
2. Purchased goodwill |
b) Future maintainable profit |
|
3. FMP |
c) Excess of FMP over normal profit |
|
4. Super profit |
d) An intangible Asset |
[A] (1-d),(2-a),(3-b),(4-c)
[B] (1-a),(2-b),(3-c),(4-d)
[C] (1-d),(2-c),(3-b),(4-a)
[D] None of these.
12. Following information is given regarding share capital of the company. Equity share capital:
(a) 15,000 shares of ₹ 10 each fully called and paid-up
(b) 10,000 shares of ₹ 10 each, ₹ 8 called and paid up Calculate the intrinsic value of both types of equity shares if the net asset value is ₹ 3,26,000.
[A] ₹ 13.84 (fully paid) and ₹ 11.84 (₹ 8 paid up)
[B] ₹ 11.84 (fully paid) and ₹ 9.84 (₹ 8 paid up)
[C] ₹ 118.84 (fully paid) and ₹ 5.92 (₹ 8 paid up)
[D] None of the above
13. Average annual super profit is ₹ 23,200. Market rate of interest on Investment is 8% whereas the risk of Return on capital employed in business is 2%. Find out the value of goodwill under capitalization of super profit method.
[A] ₹ 2,90,000
[B] ₹ 2,32,000
[C] ₹ 11,60,000
[D] None of these.
14. Out of the following on which of the occasion, valuation of shares is to be value by the independent valuer?
[A] Valuation of assets held by an investment company
[B] Ascertaining value of shares offered as security against loan
[C] Both A and B
[D] None of these
No comments:
Post a Comment