(c) On 1 May 2007 Sirus acquired another company, Marne plc. The directors of Marne, who were the only

shareholders, were offered an increased profit share in the enlarged business for a period of two years after the

date of acquisition as an incentive to accept the purchase offer. After this period, normal remuneration levels will

be resumed. Sirus estimated that this would cost them $5 million at 30 April 2008, and a further $6 million at

30 April 2009. These amounts will be paid in cash shortly after the respective year ends. (5 marks)

Required:

D．raft a report to the directors of Sirus which discusses the principles and nature of the accounting treatment of

the above elements under International Financial Reporting Standards in the financial statements for the year

ended 30 April 2008.

[单选题]______ difficulties we may come across,we′ II help one another to overcome

[单选题]［A］acquired ［B］purchased ［C］presided ［D］attained

[单选题]__________ difficulties we may come across, we′ llhelp one another to overc

[试题](b) On 31 May 2007, Leigh purchased property, plant and equipment for $4 million. The supplier has agreed toaccept payment for the property, plant and equipment either in cash or in shares. The supplier can either choose1·5 million shares of the compa

[试题](d) Sirus raised a loan with a bank of $2 million on 1 May 2007. The market interest rate of 8% per annum is tobe paid annually in arrears and the principal is to be repaid in 10 years time. The terms of the loan allow Sirusto redeem the loan after se

[单选题]The new model ofthe car was put into production in 2007, _____ helped to pr

[单选题]The new model ofthe car was put into production in 2007, _____helped to pro

[名词解释] Acquired immunodeficiency disease

[试题](c) Discuss the difficulties that may be experienced by a small company which is seeking to obtain additionalfunding to finance an expansion of business operations. (8 marks)

[名词解释] AIDS(acquired immunodeficiency syndrome)