财务报表分析与运用习题VIP专享VIP免费

MultipleChoicesExercisesforFSA.1.Asageneralrule,revenueisnormallyrecognizedwhenA.itismeasurable.B.itismeasurableandreceived.C.theearningsprocessiscompletedandcashreceiptisassured.D.Themeasurementprocessiscomplete.2.Ifacompanyrecognizesrevenueearlierthanjustifiedunderaccrualaccounting,whichofthefollowingbestdescribestheimpactonaccountsreceivableandinventory,respectively?AccountsReceivableInventoryA.overstatedoversatedB.overstatedunderstatedC.understatedoverstatedD.understatedunderstated3.ThefollowingareSamplesofunusualorinfrequentitemsEXCEPT:A.Gainsorlossesfromdisposalofaportionofabusinesssegment.B.Lossesresultingfromforeigngovernmentexpropriationofassets.C.Provisionsforenvironmentalremediation.D.Impairments,write-offs,write-downs,andrestructuringcosts.4.Whenacompanydiscontinuesanddisposesofanoperation,theactionisconsidered:A.anextraordinaryitem.B.apriorperiodadjustment.C.acumulativeeffectofachangeinanaccountingprinciple.D.separatelyandshownnetoftaxesontheincomestatement.5.Whichoneofthefollowingisachangeinanaccountingprinciples?A.AchangefromFIFOtoLIFO.B.Recordingapriorperiodadjustment.C.Achangeintheestimatedservicelifeofmachinery.D.Recordingdepreciationexpenseforthefirsttimeonmachinerypurchasedfiveyearsago.6.AllofthefollowingaregeneralcategoriesofnonrecurringitemsEXCEPT:A.unusualorinfrequentitems.B.discontinuedoperations.C.capitalizationofleases.D.accountingchanges.7.Afirmdiscoveredthatithadusedanincorrectaccountingprinciplesin1996.Onthefirm’s1997financialstatements,thisfirmshouldreporttheimpactofthiserroras:A.anextraordinaryitem.B.Anonrecurringitem.C.Partofcostofgoodssold.D.Apriorperiodadjustment.8.ThecompletedcontractmethodshouldbeusedwhenA.Thereisareasonableestimateofthecoststobeincurred.B.Thereisacontractprice.C.Collectibilityofthecontractpriceisuncertain.D.Thereisareasonableestimateoftherevenues.9.Usingthepercentage-of-completionmethodinaccountingforlong-termprojects,acompanycanincreasereportedearningsby:A.acceleratingrecognitionofprojectexpenditures.B.delayingrecognitionofprojectexpenditures.C.switchingtocompletedcontractaccountingD.overestimatingthetotalcostoftheproject.10.Whichofthefollowingwouldbeanexampleofmanagementattemptingtomanipulateincome?A.achangefromastraight-linetoanaccelerateddepreciationinordertoincreaseincome.B.recognizinglossesinbadyearsandrecognizinggainsingoodyears.C.additionallossesaretakeninbadyearsD.againfromthecondemnationofpropertybythecityisshowninincomefromcontinuingoperations,whilealossonthesaleofequipmentisshownafterincomefromcontinuingoperations.11.Whenaccountingformerchandisingbusinesses,grossmarginequalsthedifferencebetween:A.netsalesandcostofgoodssold.B.netsalesandoperatingexpenses.C.grosssalesandthesumofreturnsandallowances.D.netsalesandthesumofcostofgoodssoldandoperatingexpenses.11.Whichofthefollowingwouldnotcontributetothedifferencebetweengrosssalesandnetsales?A.cashrefundsforreturnedproducts.B.Discountsfromlistedpricesfordelayedshipping.C.AllowanceoffsellingpricesfordefectiveproductsD.Salesmadeoncreditratherthanforimmediatepayment.12.Amongthefollowingitems,whichisaddedtonetincomeforcalculationofcashflowsfromoperatingactivitiesintheindirectmethod?A.decreaseofinventory.B.Increaseofprepaidexpenses.C.Decreaseofaccountspayable.D.Increaseofaccountsreceivable.13.IntheStatementofCashFlows,whichofthefollowingbestdescribeswhetherinterestr...