欧美会计120题

FINANCIALACCOUNTING编号 成绩true or fault1.Russll'Retail bought goods at $10000 which are marked up to $12500.What was the gross profit rate?a)$25%b)20%c)12.5%d)15%2.Gooden Company purchased and began depreciating a new truck on April 1,1999.The truck cost $60000,has a five-year service life, and a $12000 residual value. Assuming use of the double-declining method, what is the 1999 depreciation expense?a) $13440 b)$14400 c)$16800d)$180003.A Co. purchased$8000 of merchandise on July 9 from B Co., FOB shipping point, term 210,n30. Freightcharges of $200 were paid by B Co.If A Co. settled the transaction on July 17, the company would pay: a)$7840b)8040 c)8036 d)82004.Extraordinary items are:a)disclosed on the statement of retained earnings.b)disclosed as part of income from continuing operationsc)unusual or infrequent in natured)unusual and infrequent in nature5.Accumulated depreciation, as the term is used on financial accounting represents:a)cash set aside to replace plant assets when they are worn outb)earnings retained in the business that will be used to purchase another plant asset when the present asset becomes fully depreciatedc)the portion of the cost of an asset that has been written off as expense since acquisitiond)an expense to be shown on the income statement6.Using the data presented below, calculate the cost ofgoods sold for the ABC Company for 1999.Current ratio 3.5Acid ratio 3Current liabilities12311999 $600000Inventory12311998 $500000Inventory turnover 8The cost of goods sold for the ABC Company of 1999 was:a)$1600000b)$2400000c)$3200000 d)$64000007.Which of the following transactions would result in an increase in the current ratio if the ratio is presently 2:1?a) repaid a 90-day loanb)purchased merchandise on accountc)liquidated a long-term liabilityd)received payment of an accounts receivablee)none of the above8.An aging schedule indicated that M Co. had $12500 ofuncollectible accounts. Yet, the adjusting entry for bad debts expense was prepared for only $6000. This situation arose because: a) There was a $6500 debit balance in the Allowance for Bad Debts account prior to adjustment.b) There was a $6500 credit balance in the Allowance for Bad Debts account prior to adjustment.c) The Bad Debts expense account had an existing balance of $6500d) $6500 of uncollectible accountswere written off during the accounting period.9.The LIFO inventory valuation method:a) is acceptable only if a company sells its newest goods first.b)will result in higher income levels than FIFO in periods of rising prices.c)will result in a match of fairly current inventory cost against recent selling prices on the income statement.d)cannot be used with a periodic inventory system .10.Four years ago, Harrisoncompany invested $500,000,acquired 25% interest equity in M Co. During the next 3 years, M Co. reported earnings of $300,000 and paid dividends of $200,000. In the current year, M Co. reported earnings of$30,000 and paid dividends of $10,000. If Harrison use the equity method, the balance of the investment accountandthe current income from the investment should be respectively:a) $582,500 and $7500 b)$530,000 and$7500c)$530,000 and $2500 d)$500000 and $2500 Bonds Transactions(15%):ABC company sold $800,000 of its 9%, 20 years bonds on April 1,1999, at 105. The semi-annual interest payment dates are April 1 and October 1.The effective interest rate is 8%. The company fiscal year ends Dec.31.Requirements:Prepare journal entries to record:1. The bond issuance on April.1, 1999.2. The first interest paymentand amortization of premiumon Oct.1(using effective interest method)3. Theamortization of premium and interest expense on Dec.31,1999.(using straight-line method).XYZ Co. was formed on Jan.1999. The company is authorized to issue 100000 shares of $20 par-value common stock and 30000 shares of 6%, $10 par-value preferred stock. The following selected transactions occurred during the year(15%):1. Issued 80000 shares of common stock at $35 per share.2. Issued 14000 shares of preferred stock at $12 per share.3. Required 5000 shares oftreasury stock for $40 per share.4. Sold 500 shares of treasury stock at $25 per share.5. Declared cash dividend for $15000.Requirement:Make journal entries based on the information given above(compute the cash dividend for common stock and preferred stock respectively) Statement of cash flow(30%) Paper 1Accounting ReportsInformation One：Colwell Corporation Income Statement For 2003Sales $ 3,000,000Cost of goods sold1,200,000 $ 1,800,000 Expenses Selling &administrative $ 1,455,000 Building depreciation 25,000Equipment depreciation 70,000 $ 1,550,000 $ 250,000 Other revenue (expense) Interest expense $ (200,000) Loss on sale of equipment(5,000) Gains on sale of L-T investment 15,000 (190,000 ) Income before income taxes $ 60,000 Income taxes20,000 Net income$ 40,000 Information Two：Statement of Retained earning For 2003Retained earnings, 112003 $ 450,000Add: Net income40,000 $ 490,000Less: Cash dividends15,000Retained earnings,12312003 $ 475,000Information Three：Colwell Corporation Comparative Balance Sheet Dec.31,2002 and 2003Assets 20032002 Current assetsCash $ 100,000 $ 50,000Accounts receivable (net) 400,000 375,000Inventory 425,000 450,000Prepaid selling expenses 5,000 4,000Total current assets$ 930,000$ 879,000 Property, plant & equipmentLand$ 200,000 $ 115,000Building 1,450,000 1,250,000Accumulated depreciation: building (50,000)(25,000)Equipment 725,000800,000Accumulated depreciation: equipment (250,000) (260,000)Total property, plant & equipment $2,075,000 $ 1,880,000 Other assetsL--T investment$ 880,000 $ 1,000,000Total assets$ 3,885,000 $ 3,759,000Liabilities & Stockholders' EquityCurrent liabilitiesAccounts payable$ 470,000 $ 340,000Notes payable ---300,000Income taxes payable 40,00039,000 Total current liabilities$ 510,000 $ 679,000 L-T liabilitiesBonds payable $ 2,070,000 $ 2,000,000 Stockholders' equityCommon stock, par value $ 1 $ 195,000 $ 130,000Paid-in capital in excess of par 635,000 500,000Retained earnings 475,000 450,000 Total stockholders' equity$ 1,305,000$ 1,080,000 Total liabilities &stockholders' equity $ 3,885,000$ 3,759,000 Additional Information extracted from Colwell's accounting records:1.A parcel ofland which cost $85,000 was purchased for cash on Oct.19.2.A building having a fair market value of $200,000 was acquired on the last day of the year in exchange for 65,000 shares of the company's $1 par-value common stock.3.Equipment of $100,000 was disposed of for cash on May 1.4.Equipment of $25,000 was purchased on Nov.1.5.The notes payable relate to money borrowed from First Pacific Trust in late 1998.6.$120,000 of long-term investments was sold for $135,000, generated a gain of $15,000.7.Bonds of $70,000 were issued at face value on Feb.14.Requirements:Prepare the Statement of Cash Flow in good form for Colwell Corporation under indirect approach.

美国注册会计师（USCPA）一共有四科考试，每门考试时间为4小时：

财务会计与会计报告FAR：单项选择题组50%+模拟案例题组50%涉及内容包括：政府会计、非盈利组织会计、美国会计准则会计、欧美会计准则差异

审计AUD：单项选择题组50%+模拟案例题组50%涉及内容包括：审计对象与审计环境、审计流程和审计资料、审计报告、审计职责

商业环境与理论BEC：单项选择题组50%+模拟案例题组35%+写作题组15%涉及内容包括：财务管理、公司治理、经济学、信息系统、战略管理

法律法规REG：单项选择题组50%+模拟案例题组50%涉及内容包括：美国商法、公司所得税、个人所得税、其它税

一、有合同的产品可变现净值：80×（5.3-2.5-0.25）＝204万元有合同的产品对应材料的账面价值：300×0.8＝240万元应计提的减值准备：240-204＝36万元二、无合同的产品可变现净值：20×（5.4-2.5-0.25）＝53万元有合同的产品对应材料的账面价值：300×0.2＝60万元应计提的减值准备：60-53＝7万元应计提的减值准备总额：36+7＝43万元借：资产减值损失－存货减值损失 430000贷：存货跌价准备 430000

你应该去求baidu大哥，总比我们去粘贴复制的好。

美国注册会计师考试，即AICPA（USCPA）考试，共有4门科目，分别是：商业环境（BEC）、财务报告（FAR）、审计（AUD）、税法（REG）。具体科目介绍及备考策略：FAR：是四门中内容最多的一门科目，需要180小时FAR难在主要是内容多，其中比较难的两个chapter是lease和pension。合并报表其实还好，没什么难的。FAR内容很多，而且杂。强烈建议大家要复习两次，因为这个很容易看了后面忘了前面。政府和非营利组织会计，很重要，AICPA喜欢考。大家要好好看，特别是对于国内没有学过USAact的朋友，一定要好好复习。AICPA题目这方面很多，因此平时要多练，加深记忆。AUD：涉及到大量美国会计准则，需要150小时很多朋友都有问是不是auditing没有审计工作经验很难考过，答案可能要让你大吃一惊。其实有审计工作经验的audit不见得容易过，也不知道为什么，但是四大的朋友一般有一门或者两门不是第一次的过的话，基本上都是audit没过。不管是国内还是国外，都是这个规律。最难的就是management assertion之类的内容。好好仔细研究下这类题，还是有帮助的。即使实在想不通的，就放弃吧，有些时候AICPA的答案也奇奇怪怪的。unqualified audit report最好要背熟。其他几类report的差别区分段也要记住。BEC：内容相对比较简单，便于理解，需要100小时BEC简单有两方面，一内容相对少，BEC一般就是管理会计成本会计加IT，所以复习时间相对比较少。考试一般都是复习两遍，做题两遍的。平日2小时左右，周末时间长的，3周搞定。大家可以大胆忽略IT部分，这个部分AICPA的出题方式很难把握。有几个会计对IT会这么了解，你不会，别人都不会。所以不用怕。REG：涉及到美国法规，需要120小时个人所得税一定要好好看，搞透彻了再看corporate tax。看corporate tax的时候要是不是回头比较一下individual tax。两者有联系，也有异同。Business law就完全是背书了，没啥花头的。REG要注意联系simulation。AICPA喜欢在REG上simulation考的比较难。特别是没有美国税务背景的朋友一定要注意。有很多人第一次都是栽在simulation上。建议平时多做题，加深理解。