中級財務(wù)會計期末考試客觀題

1.、Whichofthefollowingcharacteristicisrequiredfora"liability"underIFRSFramework?

A.Expectedtoresultintheinflowofeconomicbenefitsthataremeasurable.

B.Expectedtoresultintheoutflowofresourcesembodyingeconomicbenefits.

C.Expectedtoresultintheoutflowofeconomicbenefitsthatarevirtuallycertain.

D.Expectedtoresultintheinflowofeconomicbenefits.

2.、Whichisanexampleofaliability?

A.Withdrawing$10,000fromtheoperatinglineofcreditonJanuary15,2013.

B.Choosingthesiteforafutureplantexpansionfromalistofseveralpossiblechoices.

C.Selectingthesuppliertoprovidetherawmaterialsforthemanufacturingprocess.

D.Thedecisiontoborrow$150,000fromtheABCBankonJanuary15,2013.

3.、Whichisnotacurrentliability?

A.Certainheldfortradingliabilities.

B.Accountspayableduein120days.

C.Bankloandueinthreeyearsthatisindefault.

D.Bondspayablematuringinfiveyears.

4.、Whichstatementiscorrect?

A.Unearnedrevenueisanon-financialliability.

B.Unearnedsubscriptionsareafinancialliability.

C.HSTpayableisafinancialliability.

D.Bankoverdraftisanon-financialliability.

5.、Whichstatementaboutdeferredrevenueiscorrect?

A.Deferredrevenueisanon-financialliability.

B.Deferredrevenueisaheldfortradingfinancialliability.

C.Deferredrevenueisafinancialliability.

D.Deferredrevenueariseswhenthecontractissigned.

6.、A$100,0005-year6%bondisissuedonJanuary1,2012.Thebondpaysinterestannually.Themarketrateis7%.Whatisthesellingpriceofthebonds,roundedtonearestdollar?

A.$104,213

B.$100,000

C.$95,900

D.$4,100

7.、Whenwillbondssellatapremium?

A.Whenthecouponrateisequaltomarketvalue.

B.Whenthecouponrateisequaltotheparvalue.

C.Whenthecouponrateisbelowthemarketrate.

D.Whenthecouponrateisabovethemarketrate.

8.、Whatisthemeaningof"contributedcapital"?

A.Thisistheamountreceivedfromtheequityholdersofthecompany.

B.Thisistherepaymentofcapitaltoownersofthecompany.

C.Thisistheamountreceivedfromthedebtholdersofthecompany.

D.Thisisthedividendsreceivedfromtheownersofthecompany.

9.、Ifacompanyissues2,000sharesfor$55andthenrepurchases50sharesat$55,howmuchisthecontributedcapital?

A.$107,250

B.$2,750

C.$0

D.$110,000

10.、Whichstatementabouta"stocksplit"iscorrect?

A.Theeconomicpositionoftheinvestorsisdilutedafterastocksplit.

B.Theeconomicpositionoftheinvestorsisunaffectedafterastocksplit.

C.Theeconomicpositionoftheinvestorsisincreasedafterastocksplit.

D.Theeconomicpositionoftheinvestorsisdecreasedafterastocksplit.

11.、Whichstatementabouta"treasuryshares"iscorrect?

A.Thesesharescontinuetohavevotingrights.

B.Thecompanydoesnotpaydividendsontheseshares.

C.Thesesharesaredisclosedasissuedandoutstanding.

D.Thesesharesmustbecanceleduponre-purchase.

12.、Whendoesacompanyrecorddividendspayable?

A.Ondateofrecord.

B.Ondeclarationdate.

C.Onex-dividenddate.

D.Onpaymentdate.

13.、Whichstatementiscorrect?

A.BasicEPSisbasedonthedilutivesharesoutstandingattheendoftheyear.

B.BasicEPSisbasedontheordinarysharesoutstandingattheendoftheyear.

C.BasicEPSisbasedonthedilutivesharesoutstandingduringtheyear.

D.BasicEPSisbasedontheordinarysharesoutstandingatduringtheyear.

14.、Whichstatementiscorrect?

A.DilutedEPSassumesthatallantidilutiveanddilutivesecuritiesareconverted.

B.DilutedEPSassumesthatallordinaryanddilutivesecuritiesareconverted.

C.DilutedEPSassumesthatallordinarysecuritiesareconverted.

D.DilutedEPSassumesthatalldilutivesecuritiesareconverted.

15.、Whichstatementiscorrect?

A.Convertiblebondsarethemostdilutive.

B.Inthemoneystockoptionsarethemostdilutive.

C.Convertiblepreferredsharesarethemostdilutive.

D.Outofthemoneystockoptionsarethemostdilutive.

16.、Whichofthefollowingisanexampleofa"permanentdifference"?

A.Dividendsreceivedbycorporations.

B.Depreciationoncapitalassets.

C.Warrantyprovisions.

D.Completedcontractmethod.

17.、Whatisa"taxable"temporarydifference?

A.Theamountofincometaxpayableinthecurrentandfutureperiods.

B.Resultsinfuturetaxableincomebeinghigherthanaccountingincome.

C.Resultofaneventaffectingaccountingandtaxableincomeindifferentperiods.

D.Resultsinfuturetaxableincomebeinglessthanaccountingincome.

18.、Currentservicecostforadefinedbenefitpensionplanamountedto$1,000,000.Expectedincomeonthepensionplan'sassetsamountedto$7,500,000,whileactualincomewas$7,800,000.Theinterestonthepensionobligationwas$9,000,000,whichmatchedtheactuarialestimates.Nopastservicecostsaroseduringtheyear.Giventhisinformationthepensionexpensefortheyearwas:

A.$2,200,000

B.$500,000

C.$1,000,000

D.$2,500,000

19.、Acompany'sdefinedbenefitpensionplanincurscurrentservicecostof$4,000,000.Thispensionplan'sassetsgenerated$2,500,000ofincome,whichexceededexpectationsby$500,000.Pensionobligationsincurredinterestcostof$1,500,000,whichwere$700,000belowexpectations.Duringtheyear,thecompanyincreasedbenefitsinthepensionplanandincurred$800,000forpastservicecost.

A.$4,600,000

B.$5,000,000

C.$3,800,000

D.$5,600,000

20.、Whichstatementiscorrect?

A.Afinanceleasetransferstherisksandrewardsfromthelesseetothelessor.

B.Inafinancelease,thelesseerecordsanassetforthepropertybeingused.

C.Thelesseeexpensesthecostoftheleaseintheperiodthebenefitsarereceivedinafinancelease.

D.Inafinancelease,thelesseeusestheassetforonlyashortfractionoftheasset'susefullife.

21.、Whichstatementiscorrectabout"agencycostofleasing"?

A.Assetsthatareeasytodamagearebettercandidatesforleasing.

B.Agencycostsareniliftheleasecontractcoverstheentireusefullifeoftheasset.

C.Assetsthataredifficulttodamagehavehigheragencycosts.

D.Conditionscanbeaddedtotheleaseagreementtoincreaseagencycosts.

22.、Whatareexecutorycosts?

A.Maintenancecoststhatareincurredonlywhentheassetisleased.

B.Maintenancecoststhatareapplicabletoonlyoperatingleases.

C.Maintenancecoststhatareincidentalcostsinaleasethatwouldbeincurredbythelesseeindependentofwhetherthelesseehadpurchasedorleasedtheasset.

D.Maintenancecoststhatareapplicabletoonlyfinanceleases.

23.、Whatentryisrequiredforthelessorin