Financial-Accounting-Reporting無料問題集「Admission Test Certified Public Accountant (Financial Accounting & Reporting)」

質問 1

FASB's conceptual framework explains both financial and physical capital maintenance concepts. Which capital maintenance concept is applied to currently reported net income, and which is applied to comprehensive income?

（A）Option D

（B）Option B

（C）Option C

（D）Option A

正解：C 解答を投票する

質問 2

According to the FASB conceptual framework, what does the concept of reliability in financial reporting include?

（A）Certainty.

（B）Neutrality.

（C）Effectiveness.

（D）Precision.

正解：B 解答を投票する

質問 3

Which of the following accounting pronouncements is the most authoritative?

（A）AICPA Statement of Position.

（B）FASB Technical Bulletin.

（C）AICPA Accounting Principles Board Opinion.

（D）FASB Statement of Financial Accounting Concepts.

正解：C 解答を投票する

質問 4

During the first quarter of 1993, Tech Co. had income before taxes of $200,000, and its effective income tax rate was 15%. Tech's 1992 effective annual income tax rate was 30%, but Tech expects its 1993 effective annual income tax rate to be 25%. In its first quarter interim income statement, what amount of income tax expense should Tech report?

（A）$0

（B）$30,000

（C）$60,000

（D）$50,000

正解：D 解答を投票する

質問 5

A transaction that is unusual, but not infrequent, should be reported separately as a(an):

（A）Component of income from continuing operations, net of applicable income taxes.

（B）Extraordinary item, net of applicable income taxes.

（C）Component of income from continuing operations, but not net of applicable income taxes.

（D）Extraordinary item, but not net of applicable income taxes.

正解：C 解答を投票する

質問 6

The effect of a change in accounting principle that is inseparable from the effect of a change in accounting estimate should be reported:

（A）As a correction of an error.

（B）By restating the financial statements of all prior periods presented.

（C）As a separate disclosure after income from continuing operations, in the period of change and future periods if the change affects both.

（D）As a component of income from continuing operations, in the period of change and future periods if the change affects both.

正解：D 解答を投票する

質問 7

While preparing its 1991 financial statements, Dek Corp. discovered computational errors in its 1990 and 1989 depreciation expense. These errors resulted in overstatement of each year's income by $25,000, net of income taxes. The following amounts were reported in the previously issued financial statements:

Dek's 1991 net income is correctly reported at $180,000. Which of the following amounts should be reported as prior period adjustments and net income in Dek's 1991 and 1990 comparative financial statements?

（A）Option D

（B）Option B

（C）Option C

（D）Option A

正解：C 解答を投票する

質問 8

A transaction that is unusual in nature and infrequent in occurrence should be reported separately as a component of income:

（A）Before cumulative effect of accounting changes and before discontinued operations of a segment of a business.

（B）After cumulative effect of accounting changes and before discontinued operations of a segment of a business.

（C）After discontinued operations of a segment of a business.

（D）After cumulative effect of accounting changes and after discontinued operations of a segment of a business.

正解：C 解答を投票する

質問 9

According to the FASB conceptual framework, which of the following is an essential characteristic of an asset?

（A）An asset provides future benefits.

（B）The claims to an asset's benefits are legally enforceable.

（C）An asset is obtained at a cost.

（D）An asset is tangible.

正解：A 解答を投票する

質問 10

Which of the following is not a valuation technique that can be used to measure the fair value of an asset or liability?

（A）The market approach.

（B）The impairment approach.

（C）The income approach.

（D）The cost approach.

正解：B 解答を投票する

Financial-Accounting-Reporting 無料問題集「Admission Test Certified Public Accountant (Financial Accounting & Reporting)」

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