2016年12月ACCA考试F4练习题及答案.docx

2016年12月ACCA考试F4练习题及答案

Additionalinformation:

?InJanuary2009CompanyAreceivedthedonationofamachine.The

valueaddedtax(VAT)invoiceforthemachineshowedthatithadcostRMB

150,000plusVATofRMB20,000.Noentryinrespectofthedonationofthis

machinehasbeenrecordedintheaccountingsystemofCompanyA.

?Required:

?(i)Brieflyexplaintheenterpriseincometax(EIT)treatmentof:

?-thedonatedmachine;and

?-eachoftheitemslistedinNotes1to3.(15marks)

?(ii)Calculatethecorrectamountoftaxableprofitsandtheenterprise

incometax(EIT)payablebyCompanyAfortheyear2009.(7marks)

?(b)CompanyBisaresidententerprise,whichwasincorporatedinthe

year1990.ThetablebelowshowsthetaxableprofitsofCompanyB,asagreed

bythetaxbureau,fortheyears2002to2009inclusive.

?Year20022003200420052006200720082009

?Taxableprofits(inRMB)(900,000)100,000(300,000)100,000

100,000200,000(100,000)850,000

?Required:

?(i)Brieflyexplainthetaxtreatmentoflosses,includingtheperiodfor

theoffsetoflosses;(2marks)

?(ii)State,givingreasons,howmuchenterpriseincometax(EIT)willbe

payablebyCompanyBforeachoftheyears2008and2009.(4marks)

?(c)Definetheterm#39;residententerprise#39;forthepurposesof

enterpriseincometax(EIT)andstatethedifferencesinthescopeofthe

assessmentofEITforresidentandnon-residententerprises.(7marks)

?(35marks)

?2(a)MrZhang,aChinesecitizen,isaUniversityprofessor.Hehadthe

followingincomeforthemonthofJanuary2009:

?(1)MonthlyemploymentincomeofRMB18,000andabonusforthe

year2008ofRMB12,000.

?(2)IncomeofRMB18,000forpublishingabookon6January

2009.Oneofthechaptersofthebookwaspublishedinamagazineasafour-

dayseriescommencingon19January2009forwhichMrZhangreceived

incomeofRMB1,000perday.

?(3)AnetgainofRMB12,000fromtradingintheA-sharesmarket.

?(4)IncomeofR