NewEnglandCo.hadnetcashprovide-2021年度重庆市会计人员继续教育网在线培训会计考试参考答案

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NewEnglandCo.hadnetcashprovidedbyoperatingactivitiesofUSD351,000;netcashusedbyinvestingactivitiesofUSD420,000;andcashprovidedbyfinancingactivitiesofUSD250,000.NewEngland’scashbalancewasUSD27,000onJanu

A、USD248,000

B、USD27,000

C、USD208,000

D、USD40,000

正确答案:C

答案解析:CPA-05229Choice”c”iscorrect.NewEngland’scashbalanceattheendoftheyearincludesthecashbalanceatthebeginningoftheyear,thenetcashprovidedbyoperatingactivities,thenetcashusedbyinvestingactivities,andthenetc

OnJanuary15,Year1,RicoCo.declareditsannualcashdividendoncommonstockfortheyearendedJanuary31,Year1.ThedividendwaspaidonFebruary9,Year1,tostockholdersofrecordasofJanuary28,Year1.OnwhatdateshouldRicodecr

A、ebruary9,Year1

B、January31,Year1

C、January15,Year1

D、January28,Year1

正确答案:C

答案解析:CPA-00971Choice”c”iscorrect.Thedateofdeclarationisthedatetheboardofdirectorsformallyapprovesadivided.Aliabilityiscreated(dividendspayable),andretainedearningsisreduced(debited).Choice”b”isincorrect.Re

OrleansCo.,acashbasistaxpayer,preparesaccrualbasisfinancialstatements.InitsYear2balancesheet,Orleans’deferredincometaxliabilitiesincreasedcomparedtoYear1.Whichofthefollowingchangeswouldcausethisincrea

A、Ionly.

B、IIIonly.

C、IandII.

D、IIandIII.

正确答案:C,公需科目助手微信:(go2learn_net)

答案解析:CPA-00818Choice”c”iscorrect.I-Prepaidinsurancewouldbedeductedfortaxpurposesintheyearinwhichitwaspaid,butforbookpurposesinthesubsequentyearfortheperiodcoveredbythepolicy.II-Rentreceivablerepresentsinco

Theprimarypurposeofaquasi-reorganizationistogiveacorporationtheopportunityto:

A、Revalueunderstatedassetstotheirfairvalues.

B、Obtainrelieffromitscreditors.

C、istributethestockofanewly-createdsubsidiarytoitsstockholdersinexchangeforpartoftheirstockinthecorporation.

D、liminateadeficitinretainedearnings.

正确答案:D

答案解析:CPA-01025Choice”d”iscorrect.Theprimarypurposeofaquasi-reorganizationistoeliminatearetainedearningsdeficitsothatfutureearningswillbeavailablefordividendsratherthanlimitedtooffsettingtheretainedearnings

CPA-01247

A、Ininvestmentactivitiesasareductionofthecashinflowfromthesale.

B、Ininvestmentactivitiesasacashoutflow.

C、Inoperatingactivitiesasanadditiontoincome.

D、Inoperatingactivitiesasadeductionfromincome.

正确答案:D

答案解析:Choice”d”iscorrect.Inastatementofcashflowsusingtheindirectmethod,gainfromthesaleofusedequipmentforcashshouldbereportedinoperatingactivitiesasadeductionfromincome.Choice”a”isincorrect.Intheinvestmentac

ForYear1,ClarkCorp.reporteddepreciationofUSD300,000initsincomestatement.OnitsYear1incometaxreturn,ClarkreporteddepreciationofUSD500,000.Clark’sincomestatementalsoincludedUSD50,000accruedwarrantyexpens

A、USD67,000

B、USD41,000

C、USD45,000

D、USD37,500

正确答案:B

答案解析:CPA-00846Choice”b”iscorrect,USD41,000.Year1TemporaryDifferenceKey:taxable(deductible)Year2Year3Year4DepreciationUSD200,000USD80,000USD70,000USD50,000Warrantyaccrual50,000(10,000)(15,000)(25,000)70,000

WhichoneofthefollowingisnotconsideredcontingentsharesforpurposesofcomputingEPS?

A、Sharesissuableupontheissuanceofapatent.

B、Sharesissuableuponachievingaspecificnetincometarget.

C、Sharesissuableuponthepassageofaspecificperiodoftime.

D、Sharesissuableuponexerciseofastockoption.

正确答案:D

答案解析:CPA-01195Choice”d”iscorrect.Sharesissuableupontheexerciseofastockoptionarenotconsideredcontingentsharesastheoptionholderisrequiredtopaythestrikepricetoexercisetheoptions.Choices”b”,”c”,and”a”areincorr

ThesenioraccountantforCarltonCo.,apubliccompanywithacomplexcapitalstructure,hasjustfinishedpreparingCarlton’sincomestatementforthecurrentfiscalyear.Whilereviewingtheincomestatement,Carlton’sfinancedir

A、NochangeswillhavetobemadetoCarlton’sincomestatement.Theincomestatementiscompletewithouttheearningspersharedata.

B、arlton’sincomestatementwillonlyhavetoberevisedtoincludetheearningspersharedataifCarlton’smarketcapitalizationisgreaterthanUSD5,000,000.

C、arlton’sincomestatementwillonlyhavetoberevisedtoincludetheearningspersharedataifCarlton’snetincomeforthepasttwoyearswasgreaterthanUSD5,000,000.

D、arlton’sincomestatementwillhavetoberevisedtoincludetheearningspersharedata.

正确答案:D,干部网络帮手Weixin:xzs9519

答案解析:CPA-06605Choice”d”iscorrect.Allpublicentitiesmustpresentearningspershareonthefaceoftheincomestatement.Inasimplecapitalstructure,basicEPSforincomefromcontinuingoperationsandnetincomearepresented.Inacom

Quoit,Inc.issuedpreferredstockwithdetachablecommonstockwarrants.Theissuepriceexceededthesumofthewarrants’fairvalueandthepreferredstock’sparvalue.Thepreferredstock’sfairvaluewasnotdeterminable.Whatamou

A、Theproportionoftheproceedsthatthewarrants’fairvaluebearstothepreferredstock’sparvalue.

B、Thefairvalueofthewarrants.

C、xcessofproceedsovertheparvalueofthepreferredstock.

D、Totalproceeds.

正确答案:B

答案解析:CPA-01097Choice”b”iscorrect.Thefairvalueofthewarrantsiscreditedtopaidincapital.Choice”d”isincorrect.Iftotalproceedswereallocatedtowarrants,novaluewouldbeallocatedtothecommonstock.Choice”c”isincorrect.

Whichofthefollowingitemsisnotsubjecttotheapplicationofintraperiodincometaxallocation?

A、iscontinuedoperations.

B、Incomefromcontinuingoperations.

C、xtraordinarygainsandlosses.

D、Operatingincome.

正确答案:D

答案解析:CPA-08249Choice”d”iscorrect.GAAPdoesnotrequireintraperiodincometaxallocationtooperatingincome.Onlyselectitemsontheincomestatementareshown”netofincometax,”andoperatingincomeisnotoneofthem.Choice”a”isin