美国注册会计师考试FAR财务会计与报告练习题02

发布时间：2020-08-30

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各位小伙伴大家好，很多想要报考美国CPA考试的考生不知道该如何准备全英文考试，为了帮助大家更好地备考，51题库考试学习网为大家带来了练习题供考生练习，帮助大家熟悉题目，具体内容如下：

一、A tax return preparer is not required to:

Audit the corporate records

Examine the business operations

Copy all underlying documents

In preparing a client\\'s current-year individual income tax return, a tax practitioner discovers an error in the prior year\\'s return. Under the rules of practice, the tax practitioner:

a. Is barred from preparing the current year\\'s return until the prior-year error is rectified.

b. Is required to notify the IRS of the error.

c. Must file an amended return to correct the error.

d. Must advise the client of the error.

答案：d

二、According to the FASB and IASB conceptual frameworks, useful information must exhibit the fundamental qualitative characteristics of:

a. Neutrality and verifiability.

b. Comparability and materiality.

c. Faithful representation and relevance.

d. Understandability and timeliness.

答案：c

三、According to the FASB and IASB conceptual frameworks, the primary users of financial reports include all of the following, except:

a. Regulators.

b. Lenders.

c. Creditors.

d. Investors.

答案：a

四、 Red Co. had $3 million in accounts receivable recorded on its books. Red wanted to convert the $3 million in receivables to cash in a more timely manner than waiting the 45 days for payment as indicated on its invoices. Which of the following would alter the timing of Red\\'s cash flows for the $3 million in receivables already recorded on its books?

a.Discount the receivables outstanding.

b.Factor the receivables outstanding.

c.Demand payment from customers before the due date.

d.Change the due date of the invoice.

答案：b

五、On December 31, Year 1, Paxton Co. had a note payable due on August 1, Year 2. On January 20, Year 2, Paxton signed a financing agreement to borrow the balance of the note payable from a lending institution to refinance the note. The agreement does not expire within one year, and no violation of any provision in the financing agreement exists. On February 1, Year 2, Paxton was informed by its financial advisor that the lender is not expected to be financially capable of honoring the agreement. Paxton\\'s financial statements were issued on March 31, Year 2. How should Paxton classify the note on its balance sheet at December 31, Year 1?

a.As a current liability because the lender is not expected to be financially capable of honoring the agreement.

b.As a long-term liability because no violation of any provision in the financing agreement exists.

c.As a current liability because the financing agreement was signed after the balance sheet date.

d.As a long-term liability because the agreement does not expire within one year.

答案：a

六、Gar Co. factored its receivables without recourse with Ross Bank. Gar received cash as a result of this transaction, which is best described as a:

a.Sale of Gar\\'s accounts receivable to Ross, with the risk of uncollectible accounts retained by Gar.

b.Loan from Ross to be repaid by the proceeds from Gar\\'s accounts receivable.

c.Sale of Gar\\'s accounts receivable to Ross, with the risk of uncollectible accounts transferred to Ross.

d.Loan from Ross collateralized by Gar\\'s accounts receivable.

答案：c

七、On Merf\\'s April 30, 1993, balance sheet a note receivable was reported as a noncurrent asset and its accrued interest for eight months was reported as a current asset. Which of the following terms would fit Merf\\'s note receivable?

a.Principal and interest are due December 31, 1993.

b.Principal is due August 31, 1994, and interest is due August 31, 1993, and August 31, 1994.

c.Both principal and interest amounts are payable on December 31, 1993, and December 31, 1994.

d.Both principal and interest amounts are payable on August 31, 1993, and August 31, 1994.

答案：b

八、A company has a defined benefit pension plan for its employees. On December 31, year 1, the accumulated benefit obligation is $45,900, the projected benefit obligation is $68,100, and the fair value of the plan assets is $62,000.

What amount, if any, related to the definedbenefit plan should be recognized in the balance sheet at December 31, year 1?

a. A liability of $6,100.

b. An unrealized loss of $6,100.

c. Nothing, as the fair value of the plan assets exceeds the accumulated benefit obligation.

d. An asset of $16,100.

答案：a

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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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