美国注册会计师考试FAR财务会计与报告练习题03

发布时间：2020-08-30

---

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、 An employer\'s obligation for postretirement health benefits that are expected tobe provided to or for an employee must be fully accrued by the date the:

a. Benefits are paid.

b. Employee retires.

c. Employee is fully eligible for benefits.

d. Benefits are utilized.

答案：c

二、Big Brown Corporation\'s derivative investments had the following fair values at December 31, Year 1 and December 31, Year 2:

12/31/Year 1 12/31/Year 2

Speculative derivatives

$280,000 $310,000

Derivatives used as fair value hedges

$600,000 $745,000

Derivatives used as cash flow hedges

$430,000 $510,000

The derivatives used as fair value hedges and cash flow hedges were both considered highly effective in Year 2. What amount of gain from these derivative investments should Big Brown report in its Year 2 net income and other comprehensive income?

Net Income OCI

a. $0 $255,000

b. $80,000 $175,000

c. $175,000 $80,000

d. $255,000 $0

答案：c

三、On June 19, Don Co., a U.S. company, sold and delivered merchandise on a 30-day account to Cologne GmbH, a German corporation, for 200,000 euros. On July 19, Cologne paid Don in full. Relevant currency exchange rates were:

June 19 July 19

Spot rate $.988 $.995

30-day forward rate .990 1.000

What amount should Don record on June 19 as an account receivable for its sale to Cologne?

a. $199,000

b. $198,000

c. $197,600

d. $200,000

答案：c

四、Gains and losses from changes in the fair value of a derivative designated and qualified as a fair value hedge should be:

a. Recognized as a component of other comprehensive income in the period in which the fair value of the derivative changes.

b. Recognized in current net income in the period in which the fair value of the derivative changes.

c. Disregarded until the derivative is settled.

d. Recognized as a deferred debit or deferred credit in the balance sheet until the derivative is settled.

答案：a

五、North Corp. has an employee benefit plan for compensated absences that gives employees 10 paid vacation days and 10 paid sick days. Both vacation and sick days can be carried over indefinitely. Employees can elect to receive payment in lieu of vacation days; however, no payment is given for sick days not taken. At December 31, North\'s unadjusted balance of liability for compensated absences was $21,000. North estimated that there were 150 vacation days and 75 sick days available at December 31. North\'s employees earn an average of $100 per day. In its December 31 balance sheet, what amount of liability for compensated absences is North required to report?

a. $21,000

b. $22,500

c. $36,000

d. $15,000

答案：d

六、At December 31, Year 1, Grey, Inc. owned 90% of Winn Corp., a consolidated subsidiary, and 20% of Carr Corp., an investee in which Grey cannot exercise significant influence. On the same date, Grey had receivables of $300,000 from Winn and $200,000 from Carr. In its December 31, Year 1 consolidated balance sheet, Grey should report accounts receivable from affiliates of:

a. $200,000

b. $230,000

c. $500,000

d. $340,000

答案：a

七、P Co. purchased term bonds at a premium on the open market. These bonds represented 20 percent of the outstanding class of bonds issued at a discount by S Co., P\'s wholly owned subsidiary. P intends to hold the bonds until maturity. In a consolidated balance sheet, the difference between the bond carrying amounts in the two companies would be:

a. Included as an increase to retained earnings.

b. Reported as a deferred credit to be amortized over the remaining life of the bonds.

c. Included as a decrease to retained earnings.

d. Reported as a deferred debit to be amortized over the remaining life of the bonds.

答案：c

八、Taylor, an unmarried taxpayer, had $90,000 in adjusted gross income for the current year. During the current year, Taylor donated land to a church and made no other contributions. Taylor purchased the land 15 years ago as an investment for

$14,000. The land\'s fair market value was $25,000 on the day of the donation. What is the maximum amount of charitable contribution that Taylor may deduct as an itemized deduction for the land donation for the current year?

a. $11,000

b. $25,000

c. $0

d. $14,000

答案：b

以上就是今天分享的全部内容了，各位小伙伴根据自己的情况进行查阅，希望本文对各位有所帮助，预祝各位取得满意的成绩，如需了解更多相关内容，请关注51题库考试学习网！

---

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。

---

声明：本文内容由互联网用户自发贡献自行上传，本网站不拥有所有权，未作人工编辑处理，也不承担相关法律责任。如果您发现有涉嫌版权的内容，欢迎发送邮件至：contact@51tk.com 进行举报，并提供相关证据，工作人员会在5个工作日内联系你，一经查实，本站将立刻删除涉嫌侵权内容。