BEC 無料問題集「AICPA CPA Business Environment and Concepts」
A parent corporation owned more than 90% of each class of the outstanding stock issued by a subsidiary
corporation and decided to merge that subsidiary into itself. Under the Revised Model Business
Corporation Act, which of the following actions must be taken?
corporation and decided to merge that subsidiary into itself. Under the Revised Model Business
Corporation Act, which of the following actions must be taken?
正解：D
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The selection of the denominator in the return on investment (ROI) formula is critical to the measure's
effectiveness. Which denominator is criticized because it combines the effects of operating decisions
made at one level of the organization with financing decisions made at another organization level?
effectiveness. Which denominator is criticized because it combines the effects of operating decisions
made at one level of the organization with financing decisions made at another organization level?
正解：C
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The following table contains Emerald Corp.'s quarterly revenues, in thousands, for the past three years.
During that time, there were no major changes to Emerald's selling strategies and total capital investment.
Which of the following statements best describes the likely cause of the fluctuations in Emerald's
revenues and the best response to those fluctuations?
During that time, there were no major changes to Emerald's selling strategies and total capital investment.
Which of the following statements best describes the likely cause of the fluctuations in Emerald's
revenues and the best response to those fluctuations?
正解：B
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Wendy's Sandwich Shop purchased an asset for $100,000 that has no salvage value and a 10-year life.
Wendy's effective income tax rate is 40 percent, and it uses the straight-line depreciation method for
income tax reporting purposes. Wendy's annual depreciation tax shield from the asset would be:
Wendy's effective income tax rate is 40 percent, and it uses the straight-line depreciation method for
income tax reporting purposes. Wendy's annual depreciation tax shield from the asset would be:
正解：B
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Downs, Frey, and Vick formed the DFV general partnership to act as manufacturers' representatives.
The partners agreed Downs would receive 40% of any partnership profits and Frey and Vick would each
receive 30% of such profits. It was also agreed that the partnership would not terminate for five years.
After the fourth year, the partners agreed to terminate the partnership. At that time, the partners' capital
accounts were as follows: Downs, $20,000; Frey, $15,000; and Vick, $10,000. There also were
undistributed losses of $30,000.
Vick's share of the undistributed losses will be:
The partners agreed Downs would receive 40% of any partnership profits and Frey and Vick would each
receive 30% of such profits. It was also agreed that the partnership would not terminate for five years.
After the fourth year, the partners agreed to terminate the partnership. At that time, the partners' capital
accounts were as follows: Downs, $20,000; Frey, $15,000; and Vick, $10,000. There also were
undistributed losses of $30,000.
Vick's share of the undistributed losses will be:
正解：C
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Spotech Co.'s budgeted sales and budgeted cost of sales for the coming year are $212,000,000 and
$ 132,500,000 respectively. Short-term interest rates are expected to average 5 percent. If Spotech could
increase inventory turnover from its current 8 times per year to 10 times per year, its expected cost
savings in the current year would be:
$ 132,500,000 respectively. Short-term interest rates are expected to average 5 percent. If Spotech could
increase inventory turnover from its current 8 times per year to 10 times per year, its expected cost
savings in the current year would be:
正解：B
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A company has daily cash receipts of $150,000. The treasurer of the company has investigated a lockbox
service whereby the bank that offers this service will reduce the company's collection time by four days at
a monthly fee of $2,500. If money market rates average four percent during the year, the additional annual
income (loss) from using the lockbox service would be:
service whereby the bank that offers this service will reduce the company's collection time by four days at
a monthly fee of $2,500. If money market rates average four percent during the year, the additional annual
income (loss) from using the lockbox service would be:
正解：A
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For the next 2 years, a lease is estimated to have an operating net cash inflow of $7,500 per annum,
before adjusting for $5,000 per annum tax basis lease amortization, and a 40% tax rate. The present
value of an ordinary annuity of $1 per year at 10% for 2 years is $1.74. What is the lease's after-tax
present value using a 10% discount factor?
before adjusting for $5,000 per annum tax basis lease amortization, and a 40% tax rate. The present
value of an ordinary annuity of $1 per year at 10% for 2 years is $1.74. What is the lease's after-tax
present value using a 10% discount factor?
正解：D
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