Question 6 1.5 pts Assume the IFRIC 3 model with revaluation is applied. The carrying amount of the ETA asset at 30 June 20X1 is: $105 000 O $63 000 $NIL $60 000 Question 7 1.5 pts Assume the IFRIC 3 model with revaluation is applied. In relation to the emission trading scheme Brown would recognise in other comprehensive income for the year ended 30 June 20X1: O $5000 O $NIL $3000 $55 000 Question 8 1.5 pts The application of the IFRIC 3 model with revaluation will result in: no accounting mismatch a mismatch in the statement of financial position only O a mismatch in both the statement of other comprehensive income and the statement of financial position O a mismatch in the statement of profit or loss and other comprehensive income only Questions 9 to 20 are independent questions Question 9 1.5 pts Alpha Ltd has a debt covenant that limits the amount it can borrow to 50% of its tangible assets. According to agency theory, if Alpha Ltd's actual value for that ratio is approaching 50%, which accounting treatment would management prefer? Reclassifying interest paid as a financing activity Switching from the straight-line depreciation to reducing balance method Upward revaluation of property, plant and equipment O Increasing the provision for warranty expenses Question 10 1.5 pts If a securities market is efficient in the semi-strong form: O gains could be made systematically from charting O prices would react slowly to the release of new information O securities prices would reflect information reported in financial statements O gains could not be made systematically by trading on private information