最新のFAR問題集で試験を準備する

AICPA FAR 試験概要:

AICPA FAR 試験シラバストピック:

AICPA CPA Financial Accounting and Reporting 認定 FAR 試験問題：

1. Which of the following is true regarding the presentation of "comprehensive income."

A) Option A
B) Option C
C) Option D
D) Option B

2. On August 31, 1992, Harvey Co. decided to change from the FIFO periodic inventory system to the
weighted average periodic inventory system. Harvey is on a calendar year basis. The cumulative effect of
the change is determined:

A) During 1992 by a weighted average of the purchases.
B) As of August 31, 1992.
C) As of January 1, 1992.
D) During the eight months ending August 31, 1992, by a weighted average of the purchases.

3. During the second quarter of 1988, Buzz Company sold a piece of equipment at a $12,000 gain. What
portion of the gain should Buzz report in its income statement for the second quarter of 1988?

A) $4,000
B) $6,000
C) $12,000
D) $0

4. Ocean Corp.'s comprehensive insurance policy allows its assets to be replaced at current value. The
policy has a $50,000 deductible clause. One of Ocean's waterfront warehouses was destroyed in a winter
storm. Such storms occur approximately every four years. Ocean incurred $20,000 of costs in dismantling
the warehouse and plans to replace it. The tax rate is 30%. The following data relate to the warehouse:
Current carrying amount $ 300,000
Replacement cost 1,100,000
What amount of gain should Ocean report as a separate component of income before extraordinary
items?

A) $780,000
B) $730,000
C) $0
D) $1,030,000

5. Kell Corp.'s $95,000 net income for the quarter ended September 30, 1990, included the following aftertax
items:
. A $60,000 extraordinary gain, realized on April 30, 1990, was allocated equally to the second, third, and
fourth quarters of 1990.
. A $16,000 cumulative-effect loss resulting from a change in inventory valuation method was recognized
on August 2, 1990.
In addition, Kell paid $48,000 on February 1, 1990, for 1990 calendar-year property taxes. Of this amount,
$ 12,000 was allocated to the third quarter of 1990.
For the quarter ended September 30, 1990, Kell should report net income of:

A) $115,000
B) $111,000
C) $103,000
D) $91,000

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