1. Company "X" has reported business revenues in the amount of 215,000 KM. Business expenses (by natural expense categories) amount to 200,000 KM. If the initial inventory of finished products was 50,000 KM and the final inventory of finished products is 30,000 KM, the company will report the following result from operating activities in the income statement: a) a profit of 35,000 KM b) a profit of 15,000 KM c) a loss of 5,000 KM d) a loss of 25,000 KM
2. The net profit of Company "XY" for the current year is 100,000 KM, depreciation expense is 25,000 KM, a decrease in liabilities to suppliers is 12,000 KM, an increase in accounts receivable from customers is 5,000 KM, and a decrease in inventory of finished products is 8,000 KM. The cash flow from operating activities is: a) 110,000 KM b) 116,000 KM c) 124,000 KM d) 129,000 KM
3. According to IAS 1, other comprehensive income components include: a) revaluation reserves of intangible assets, property, plant, and equipment b) gains or losses arising from the revaluation of property classified as investment property c) gains or losses from changes in the fair value of investments in equity instruments not held for trading d) gains or losses from financial assets measured at fair value through profit or loss
4. On December 31, 2022, inventory of goods "R" was stated at a cost of 100 KM per unit. In January 2023, the sale of goods "R" was made at a price of 95 KM per unit (excluding VAT). The aforementioned event should be treated in the financial statements for 2022 in the following way: a) No information regarding the event after the reporting period is required in the financial statements for 2022. b) The event should be disclosed in the notes to the financial statements for 2022 after the reporting period. c) The inventory of goods "R" on December 31, 2022, in the balance sheet should be presented at a net selling value of 95 KM per unit. d) The inventory of goods "R" on December 31, 2022, in the balance sheet should be presented at a cost of 100 KM per unit.
5. Among the items listed, the following should be recognized as current assets in the balance sheet: a) Properties acquired for further sale. b) Advances given for the purchase of a vehicle. c) Spare parts for service activities. d) "Right-of-use assets" recognized based on a lease agreement.
6. Which of the following statements regarding state aid is correct: a) State aid related to company profits should be recognized as income of the period. b) State aid related to company profits should be recognized as deferred income. c) State aid related to assets should be recognized as deferred income or by deducting the aid from the carrying amount of the asset. d) State aid related to assets should be recognized as an increase in the company's unrealized capital.
7. According to IAS 40, gains from investment property include: a) gains from changes in the fair value of investment property. b) gains realized from the sale of property used in the ordinary course of business. c) gains realized from the sale of property held for long-term appreciation in value. d) the ongoing return on assets invested in property owned by a legal entity.
8. According to IFRS 9, financial assets should be measured at amortized cost if the following conditions are met: a) The financial asset is held within a business model whose objective is to hold the financial asset to collect contractual cash flows. b) The financial asset is held within a business model whose objective is to both collect contractual cash flows and sell the financial asset. c) The contractual terms of the financial asset give rise to cash flows that are solely payments of principal and interest on the principal amount outstanding. d) The contractual terms of the financial asset give rise to cash flows that are solely payments of principal and interest on the principal amount outstanding and occur on specified dates.
9. According to Section 23 - Revenue of IFRS for SMEs, interest and dividend income will be recognized based on the following principles: a) Interest will be recognized using the effective interest rate method. b) Interest will be recognized on an accrual basis in accordance with the substance of the relevant agreement. c) Dividends will be recognized when the shareholder's right to receive payment is established. d) Dividends will be recognized when they are collected.
10. Working capital is calculated as: a) Total assets / Total liabilities b) Total assets - Total liabilities c) Current assets / Current liabilities d) Current assets - Current liabilities