Which of the following is true concerning HTML?

• A.The acronym stands for HyperText Material Listing.
• B.The language is among the most difficult to learn
• C.The language is independent of hardware and software.
• D.HTML is the only language that can be used for Internet documents.

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On the last day of the year, a total cost of S 150.000 was incurred in indirect labor related to one of the key products an organization makes. How should the expense be reported on that year's financial statements?

• A.It should be reported as an administrative expense on the income statement.
• B.It should be reported as cost of goods sold on the income statement.
• C.It should be reported as period cost other than a product cost on the management accounts
• D.It should be reported on the balance sheet as part of inventory.

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The purchase of treasury shares with an entity's surplus cash:

• A.Increases an entity's financial leverage.
• B.Increases an entity's equity.
• C.Increases an entity's interest coverage ratio.
• D.Dilutes an entity's earnings per share.

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Which mindset promotes the most comprehensive risk management strategy?

• A.Improve operational efficiency.
• B.Maximize market share.
• C.Mitigate losses.
• D.Increase shareholder value.

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Under IAS 2, Inventories all of the following should be decided when reporting inventories except:

• A.The use of the lower-of-cost-or-net-realizable-value method, if applicable.
• B.The cost formulas used.
• C.The carrying amount of inventories in classifications appropriate to the entire.
• D.An estimated amount of obsolete inventory included in the total inventory valuation.

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