最新的Admission Test Certified Public Accountant (Financial Accounting & Reporting) - Financial-Accounting-Reporting免費考試真題
Which of the following should be disclosed in a summary of significant accounting policies?
正確答案: C
At December 31, 1998, Off-Line Co. changed its method of accounting for demo costs from writing off the costs over two years to expensing the costs immediately. Off-Line made the change in recognition of an increasing number of demos placed with customers that did not result in sales. Off-Line had deferred demo costs of $500,000 at December 31, 1997, $300,000 of which were to be written off in 1998 and the remainder in 1999. Off-Line's income tax rate is 30%. In its 1998 financial statements, what amount should Off-Line report as cumulative effect of change in accounting principle?
正確答案: D
According to the FASB conceptual framework, the quality of information that helps users increase the likelihood of correctly forecasting the outcome of past or present events is called:
正確答案: C
Arpco, Inc., a for-profit provider of healthcare services, recently purchased two smaller companies and is researching accounting issues arising from the two business combinations. Which of the following accounting pronouncements are the most authoritative?
正確答案: B
Dean Co. acquired 100% of Morey Corp. prior to 1989. During 1989, the individual companies included in their financial statements the following:
What amount should be reported as related party disclosures in the notes to Dean's 1989 consolidated financial statements?
What amount should be reported as related party disclosures in the notes to Dean's 1989 consolidated financial statements?
正確答案: D
Reclassification adjustments must be shown in the financial statement that discloses comprehensive income:
正確答案: D
The following costs were incurred by Griff Co., a manufacturer, during 1992:
What amount of these costs should be reported as general and administrative expenses for 1992?
What amount of these costs should be reported as general and administrative expenses for 1992?
正確答案: B
In which of the following situations should a company report a prior-period adjustment?
正確答案: A
According to the FASB's conceptual framework, the process of reporting an item in the financial statements of an entity is:
正確答案: B