美国CPA《财务会计与报告》例题练习

发布时间：2020-08-08

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备考2020年美国注册会计师的小伙伴赶紧来围观，51题库考试学习网为大家准备了美国CPA《财务会计与报告》考试例题，以供小伙伴们备考练习。

1.ABC Company owns stock in XYZ Company.The stock is traded on the New York Stock Exchange and the London Stock Exchange.Stock price information from the two stock exchanges on December 31 is as follows：

Exchange   Quoted Stock Price    Transaction    Costs Net

New York     $103          $1         $102

London      $106          $5         $101

What is the fair value of the XYZ stock on December 31 if there is no principal market for the stock？

a.$101

b.$102

c.$103

d.$106

Explanation

Choice “c” is correct. If there is no principal market，then the price in the most advantageous market is the fair value of the stock.The most advantageous market is the market with the best price after considering transaction costs.Although the London quoted market price is higher，after transaction costs the net amount is lower，so New York is the most advantageous market and the fair value is $103.

2. Eagle and Falk are partners with capital balances of $45，000 and 25，000，respectively.They agree to admit Robb as a partner.After the assets of the partnership are revalued，Robb will have a 25% interest in capital and profits，for an investment of $30，000.What amount should be recorded as goodwill to the original partners？

a.$0

b.$5，000

c.$7，500

d.$20，000

CPA-00721 Explanation

Choice “d” is correct，$20，000.

Robb\'s investment：

25% of total capital=$30，000

Calculate total capital $30，000/.25

Total capital=$120，000

Less existing capital balances：

Eagle     $45，000

Falk      25，000

Robb      30，000

Total assets contributed=$100，000

Goodwill to original partners=$ 20，000

3.Eagle and Falk are partners with capital balances of $45，000 and $25，000，respectively.They agree to admit Robb as a partner.After the assets of the partnership are revalued，Robb will have a 25% interest in capital and profits，for an investment of $30，000.What amount should be recorded as a bonus to the original partners？

a.$0

b.$5，000

c.$7，500

d.$20，000

Explanation

Choice “b” is correct，$5，000.

Total equity of new partnership：

Eagle     $45，000

Falk     $25，000

Robb     $30，000

Total     $100，000

Since Robb is receiving a 25% interest in the partnership，his capital account will be credited with 25% of the total equity of the new partnership，or $25，000.The difference between his contribution of $30，000，and his capital account balance of $25，000，is credited to the other partners as a bonus.

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下面小编为大家准备了 美国CPA考试 的相关考题，供大家学习参考。

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