Admission Test Certified Public Accountant (Financial Accounting & Reporting) 認定 Financial-Accounting-Reporting 試験問題:

1. Which of the following facts concerning fixed assets should be included in the summary of significant accounting policies?

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

2. According to the FASB conceptual framework, predictive value is an ingredient of:

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

3. A segment of Ace Inc. was discontinued during 1992. Ace's loss from discontinued operations should not:

A) Exclude operating losses from the date the decision to dispose of the segment was made until the end of 1992.
B) Include additional pension costs associated with the decision to dispose.
C) Include employee relocation costs associated with the decision to dispose.
D) Include operating losses of the current period up to the date the decision to dispose of the segment was made.

4. Brock Corp. reports operating expenses in two categories: (1) selling and (2) general and administrative.
The adjusted trial balance at December 31, 1989 included the following expense and loss accounts:

One-half of the rented premises is occupied by the sales department. Brock's total selling expenses for 1989 are:

A) $480,000
B) $360,000
C) $400,000
D) $370,000

5. Which of the following statements best describes an operating procedure for issuing a new Financial Accounting Standards Board (FASB) statement?

A) The exposure draft is modified per public opinion before issuing the discussion memorandum.
B) A new statement is issued only after a majority vote by the members of the FASB.
C) A new FASB statement can be rescinded by a majority vote of the AICPA membership.
D) The emerging issues task force must approve a discussion memorandum before it is disseminated to the public.

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