欢迎来到天天文库
浏览记录
ID:55779005
大小:1.49 MB
页数:31页
时间:2020-06-07
《江西财经大学高级财务会计国际学院题库.doc》由会员上传分享,免费在线阅读,更多相关内容在工程资料-天天文库。
1、AdvancedAccounting,11e(Beams/Anthony/Bettinghaus/Smith)Chapter5IntercompanyProfitTransactions-InventoriesMultipleChoiceQuestions1)ThematerialsaleofinventoryitemsbyaparentcompanytoanaffiliatedcompanyA)enterstheconsolidatedrevenuecomputationonlyifthetransferwastheresultofarm'slengthbargaining.B)af
2、fectsconsolidatednetincomeunderaperiodicinventorysystembutnotunderaperpetualinventorysystem.C)doesnotresultinconsolidatedincomeuntilthemerchandiseissoldtooutsideparties.D)doesnotrequireaworkingpaperadjustmentifthemerchandisewastransferredatcost.Answer:CObjective:LO1Difficulty:Easy2)PhastCorporat
3、ionownsa80%interestinStechnoCompany,acquiredseveralyearsagoatacostequaltobookvalueandfairvalue.StechnosellsmerchandisetoPhastforthefirsttimein2011,andsomeisunsoldatDecember31,2011.Incomputingincomefromtheinvesteefor2011undertheequitymethod,Phastuseswhichequation?A)80%ofStechno'sincomeless100%oft
4、heunrealizedprofitinPhast'sendinginventoryB)80%ofStechno'sincomeplus100%oftheunrealizedprofitinPhast'sendinginventoryC)80%ofStechno'sincomeless80%oftheunrealizedprofitinPhast'sendinginventoryD)80%ofStechno'sincomeplus80%oftheunrealizedprofitinPhast'sendinginventoryAnswer:CObjective:LO1Difficulty
5、:Moderate3)Assumethereareroutineinventorysalesbetweenparentcompaniesandsubsidiaries.Whenpreparingtheconsolidatedfinancialstatements,whichofthefollowinglineitemsisindifferenttothesalesbeingeitherupstreamordownstream?A)ConsolidatedretainedearningsB)ConsolidatedgrossprofitC)Noncontrollinginterestsh
6、areD)ControllinginterestshareofconsolidatednetincomeAnswer:BObjective:LO1Difficulty:Easy4)A(n)________saleisasalebyaparentcompanytoasubsidiary.A(n)________saleisasalebyasubsidiarytoaparentcompany.A)deferred;realized.B)realized;deferred.C)upstream;downstreamD)downstream;upstreamAnswer:DObjective:
7、LO2Difficulty:EasyUsethefollowinginformationtoanswerthequestion(s)below.PaggleCorporationowns80%ofSpillwayInc.'scommonstockthatwaspurchasedatitsunderlyingbookvalue.Atthetimeofpurchase,thebookvalueandfairvalueofSpillway'sneta
此文档下载收益归作者所有