真题与参合集

2001年攻读入学考1、GiveabriefexplanationforthefollowingJournalGoingMatchingWorkingRevenuePleasereadthefollowingpassagecarefullyandfillineachof11blankswithawordmostappropriatetothecontentThedouble-entrysystemofaccountingtakesitsnamefromthefactthateverybusinesstransactionisrecordedby()typesofentries:1:()entriestooneormoreaccountsand2:creditentriestooneormoreaccounts.Inrecordinganytransaction,thetotaldollaramountofthe()entriesmust()thetotaldollaramountofcreditentries.Oftenatransactionaffectsrevenuesorexpensesoftwoormoredifferentperiods,inthesecases,an( )entriesareneededto )toeachperiodtheappropriateamountsofrevenuesandexpenses.Theseentriesareperformedatthe( )ofeachaccountingperiodbut( )topreparingthefinancialstatements.Marketablesecuritiesarehighly()investments,primarilyinsharestocksandbounds,()canbesold()quotedmarketpricesinorganizedsecuritiesexchanges.TranslatethefollowingChinesestatementsintoEnglish(1)财务报表反映一个企业的财务状况和经营成果，是根据公认会计准则编制纳税申报单则反映应益的计算，是由税法和税则规定的概念。在许多情见然而会计师的声誉来自于他们对审计工作的一丝不苟和审计报告TranslatethefollowingstatementsintoChineseAccountingprinciplesarenotlikephysicallaws;theydonotexistinnature,awaitingdiscoveryman.Rather,theyaredevelopedbyman,inlightofwhatweconsidertobethemostimportantobjectivesoffinancialreporting.Inmanywaysgenerallyacceptedaccountingprinciplesaresimilartotherulesestablishedforanorganizedsportsuchasfootballorbasketball.Accountantshavedevisedprocedureswherebytheflowsofcashreceiptsandpaymentsarespreadoveraperiodoftimeinacertainwaytoderivee,whichisrepresentativeoftheeconomicperformanceofthefirmforthegivenperiod.Theeconceptasappliedintherealworldinvolvesnumerousdecisionsandjudgments.Multiplechoicequestions(choosethebestforyouranswer)TheCPAfirmauditingXYRecordingServicefoundthatretainedearningwereunderstatedandliabilitieswereoverstated.Whichofthefollowingerrorscouldhavebeenthecause?MakingtheadjustmententryfordepreciationexpensesFailuretorecordedinterestaccruedonanoteFailuretomaketheadjustingentrytorecordedrevenuewhichhadbeenearnedbutnotyetbilledtoclients;FailuretorecordtheearnedportionoffeesreceivedinHowwillnetebeaffectedbytheamortizationofadiscountonbondspayable?Interestexpenseisincreased,so eisInterestexpenseisdecreased,so eisInterestexpenseisincreased,so eisInterestexpenseisdecreased,so eisAstockIncreasethedebt-to-equityratioofaDecreasefutureearningsperDecreasethesizeoftheIncreasesharholder’sNoneoftheAcompanyhadsalesinboth1999and2000of$200000.Costofsalesfor1999was$140000.Incomputingthecostofsalesfor1999,anitemofinventorypurchasedin1999for$50wasincorrectlywrittendowntocurrentreplacementcostof$35.Theitemiscurrentlysellingin2000for$100,itsnormalsellingprice.Asaresultofthisefor1999isCostofsalesfor2000willbeefor2000willbeefor2000willnotbeNoneoftheUsingthedatapresentedbelow,calculatethecostofsalesfortheBCCompanyfor1999.CurrentQuickCurrentliabilities$600Inventory$500InventoryThecostofsalesfortheBCCompanyfor1999$1600$2400$3200$6400NoneofWCompanycomputedthefollowingitemsfromitsfinancialrecordsfor1999:Price-earningratioPay-outratioAssetsturnoverratioThedividendyieldonW’scommonstockfor1999A.5%B.7.2%C.7.5%D.ThedataaboutAccountsreceivableofNewtonCompanyfor1999asAccountsreceivable12/31/1999Allowanceforuncollectibleaccounts12/31/19995000(credit)Baddebtexpensesfortheyear2000During1999recoveriesonbaddebtspreviouslywrittenoffwerecorrectlyrecordedat$500.Ifthebeginningbalanceintheallowanceforuncollectibleaccountswas$4700,Whatwastheamountofaccountsreceivablewrittenoffasbaddebtsduring1999:A.$1200B.$1800C.$2200D.Whichoneofthefollowingitemswouldlikelyincreaseearningspershare(EPS)ofacorporation?DeclarationofastockDeclarationofastockPurchasetreasuryAreductionintheamountofcashdividendsNoneofTheprimarypurposeforusinganinventoryflowassumptionisParallelthephysicalflowofunitsOffsetagainstrevenueanappropriatecostofgoods eizethereportedamountof Deltacompanysoldaplantassetsthatoriginallyhadcost$50000for$22000cash.IfDeltaCompanycorrectlyreportsa$5000gainonthissale.Theaccumulateddepreciationontheassetatthedateofsalemusthavebeen:A.$28000;B.$23000C.$33000;D.E.SomeotherBondspayableissueandrecordinginterestTheABCCompanysold$600000ofits9.5%,12yearsbondsonApril1,2000,at106.Thesemi-annualinterestpaymentdatesareApril1andOctober1.Theeffectiveinterestrateisapproximay8.9%.Thecompany’sfiscalyearendsDecember31.PreparejournalentriestoTheissueofthebondsonApril1,ThefirstinterestpaymentonOctober1,TheAmortizationofpremiumordiscountandinterestexpensesonDecember31,2001.StatementofCashFlowsThenet eoftheZYCompanyfor1999was$260000.Additionaldataavailablerelativetoactivitiesfortheyeararegivenbelow:Depreciationexpensesfortheyear,$90Lossonsaleofmachineryusedinoperationswas$2Accountsreceivableincreasedby$2Accountspayableincreasedby$8Patentamortizationfortheyearwas$14Amortizationofpremiumonbondspayablefortheyearwas$4600.Preparethecashflowsfromoperatingactivitiessectionofastatementofcashflowsundertheindirectmethod.DeterminingRevenueandCapitalExpendituresThecontrollerforXYZCo.AsksyoutoreviewtheRepairandMaintenanceExpensesacc