最新なAICPA FAR問題集（165題）、真実試験の問題を全部にカバー！

質問 1：
Tack, Inc. reported a retained earnings balance of $150,000 at December 31,1990. In June 1991, Tack
discovered that merchandise costing $40,000 had not been included in inventory in its 1990 financial
statements. Tack has a 30% tax rate. What amount should Tack report as adjusted beginning retained
earnings in its statement of retained earnings at December 31, 1991?
A. $150,000
B. $122,000
C. $190,000
D. $178,000
正解：D
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質問 2：
What is the purpose of information presented in notes to the financial statements?
A. To present management's responses to auditor comments.
B. To correct improper presentation in the financial statements.
C. To provide recognition of amounts not included in the totals of the financial statements.
D. To provide disclosures required by generally accepted accounting principles.
正解：D
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質問 3：
According to the FASB conceptual framework, the quality of information that helps users increase the
likelihood of correctly forecasting the outcome of past or present events is called:
A. Predictive value.
B. Reliability.
C. Representational faithfulness.
D. Feedback value.
正解：A
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質問 4：
The cumulative effect of a change in accounting estimate should be shown separately:
A. On the retained earnings statement as an adjustment to the beginning balance.
B. On the income statement above income from continuing operations.
C. It should not be recorded separately on any financial statement.
D. On the income statement after income from continuing operations and before extraordinary items.
正解：C
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質問 5：
During 1990, Fuqua Steel Co. had the following unusual financial events occur:
. Bonds payable were retired five years before their scheduled maturity, resulting in a $260,000 gain.
Fuqua has frequently retired bonds early when interest rates declined significantly.
. A steel forming segment suffered $255,000 in losses due to hurricane damage. This was the fourth
similar loss sustained in a 5-year period at that location.
. A component of Fuqua's operations, steel transportation, was sold at a net loss of $350,000.
This was Fuqua's first divestiture of one of its operating segments.
Before income taxes, what amount should be disclosed as the gain (loss) from extraordinary items in
1 990?
A. $5,000
B. $0
C. $(90,000)
D. $(350,000)
正解：B
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質問 6：
On January 2, 1993, Quo, Inc. hired Reed to be its controller. During the year, Reed, working closely with
Quo's president and outside accountants, made changes in accounting policies, corrected several errors
dating from 1992 and before, and instituted new accounting policies.
Quo's 1993 financial statements will be presented in comparative form with its 1992 financial statements.
This question represents one of Quo's transactions. List B represents the general accounting treatment
required for these transactions. These treatments are:
. Cumulative effect approach - Include the cumulative effect of the adjustment resulting from the
accounting change or error correction in the 1993 financial statements, and do not restate the 1992
financial statements.
. Retroactive or retrospective restatement approach - Restate the 1992 financial statements and adjust
1 992 beginning retained earnings if the error or change affects a period prior to 1992.
. Prospective approach - Report 1993 and future financial statements on the new basis but do not restate
1 992 financial statements.
During 1993, Quo increased its investment in Worth, Inc. from a 10% interest, purchased in 1992, to 30%,
and acquired a seat on Worth's board of directors. As a result of its increased investment, Quo changed
its method of accounting for investment in Worth, Inc. from the cost method to the equity method.
List B
A. Prospective approach.
B. Cumulative effect approach.
C. Retroactive or retrospective restatement approach.
正解：C
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