【MOOC】F3（Financial Accounting）-江西財經大學 中國大學慕課MOOC答案

【MOOC】F3（FinancialAccounting）-江西財經大學中國大學慕課MOOC答案1.2自測題1、【單選題】WhichofthefollowingstatementsareTUREoflimitedliabilitycompanies?1Thecompany’sexposuretodebtsandliabilityislimited.2Financialstatementsmustbeproduced.3Acompanycontinuestoexistregardlessoftheidentityofitsowners.本題答案：【2and3only】2、【單選題】Whichofthefollowingarethedisadvantagesofthelimitedliabilitiescompany(LLC)?1LLChavetocomplywithlegalandaccountingrequirements.2LLCmakesraisingfinancemoredifficultthansoletradeandpartnership.3LLChavetopublishannualfinancialstatements.4LLChavetobeaudited.Thiscanbeinconvenient,timeconsumingandexpensive.本題答案：【1,3and4】3、【判斷題】Financialreportingiscarriedoutbyallbusinesses,nomatterwhattheirsizeorstructure.本題答案：【正確】1.3自測題1、【單選題】Whichofthefollowingbestdescribescorporategovernance?本題答案：【Corporategovernanceisthesystembywhichcompaniesandotherentitiesaredirectedandcontrolled.】2、【判斷題】Theshareholderdoesnotneedastatementoffinancialpositionasonlyinterestedinfutureperformance,whileasupplierofgoodsoncreditneedsastatementoffinancialposition,astheyareonlyinterestedinthecurrentstateofaffairs.本題答案：【錯誤】3、【判斷題】Iffinancialstatementsareaudited,thentheresponsibilityforthosefinancialstatementsinsteadfallsontheauditorsinsteadofthedirectors.本題答案：【錯誤】1.4自測題1、【單選題】Whichofthefollowingisanexampleofaliability?本題答案：【Payable】2、【單選題】Whichoffollowingusersoffinancialstatementsarelikelytobeinterestedinthefinalaccountsofasmallprivatecompany?1Stockmarketanalysts2Managersofthebusiness3Lenders4Institutionalshareholders本題答案：【2and3】3、【判斷題】Financialaccountingisamanagementinformationsystemwhichanalysesdatatoprovideinformationasabasisformanagerialaction.本題答案：【錯誤】第1單元測驗1、【單選題】Whichofthefollowingis/areTRUEofpartnerships?1.Thepartners'individualexposuretodebtislimited.2.Financialstatementsforthepartnershipbylawmustbeproducedandmadepublic.3.Apartnershipisnotaseparatelegalentityfromthepartnersthemselves.本題答案：【3only】2、【單選題】Whichofthefollowingisanexampleofassets?本題答案：【Officebuilding】3、【單選題】Whichofthefollowingusersoffinancialstatementsarelikelytoreviewtheaccountsinordertounderstandwhethertheorganisationisasecuresourceofsupply?本題答案：【Customers】4、【判斷題】Financialreportingisawayofjudgingandevaluatingfinancialdata.本題答案：【錯誤】5、【判斷題】Theaccountsofsoletradermustalwaysmakefinancialaccountspubliclyavailable.本題答案：【錯誤】6、【判斷題】Limitedliabilitymeanstheshareholdersareresponsibleforthecompany’sdebtsonlyuptotheamountpaidontheshares.本題答案：【正確】7、【判斷題】Thestatementoffinancialpositionisalistofalltheassetsownedandalltheliabilitiesowedbyabusinessforoneperiod.本題答案：【錯誤】8、【判斷題】Adirector’smainaimshouldbetocheckfinancialstatement.本題答案：【錯誤】2.1自測題1、【單選題】WhatistheroleoftheIASB?本題答案：【Formulateinternationalfinancialreportingstandards】2、【單選題】WhichoneofthefollowingisnotanobjectiveoftheIFRSFoundation?本題答案：【EnsureIFRSsfocusprimarilyontheneedsofglobal,multi-nationalorganisations】3、【判斷題】TheIFRSAdvisoryCouncilisaforumfortheIASBtoconsultwiththeoutsideworld.本題答案：【正確】2.2自測題1、【單選題】IFRSsareusedinthefollowingways:1Asthebasisforallorsomenationalrequirements2Byregulatoryauthoritiesfordomesticandforeigncompanies3Asnationalrequirements4Asaninternationalbenchmarkforthosecountrieswhichdeveloptheirownrequirements本題答案：【1,2,3,and4】2、【單選題】WhichofthefollowingprovidesadvicetotheInternationalAccountingStandardsBoard(IASB)aswellasinformingtheIASBoftheimplicationsofproposedstandardsforusersandpreparersoffinancialstatements?本題答案：【TheIFRSAdvisoryCouncil】3、【判斷題】IFRSsshouldbeusedtoensurehighethicalstandardsaremaintainedbyfinancialreportingprofessionalsinternationally.本題答案：【錯誤】第2單元測驗1、【判斷題】TheIFRSFoundationproducesIFRSs.TheIFRSFoundationisoverseenbytheIASB.本題答案：【錯誤】2、【判斷題】OneoftheobjectiveoftheIFRSFoundationistobringaboutconvergenceofnationalaccountingstandardsandIFRSs.本題答案：【正確】3、【判斷題】IASBisanofficial,publiclyfundedbodythatdevelopsandapprovesIFRSs.本題答案：【錯誤】3.1自測題1、【單選題】Whichofthefollowingisunderlyingassumption?本題答案：【Goingconcern】2、【判斷題】TheConceptualFrameworkisasetofprincipleswhichunderpinthefoundationsoffinancialaccounting.TheConceptualFrameworkisanaccountingstandard.本題答案：【錯誤】3.2自測題1、【單選題】Whichaccountingconceptstatesthatomittingormisstatingthisinformationcouldinfluenceusersofthefinancialstatements?本題答案：【Thematerialityconcept】2、【多選題】WhichTWOofthefollowingarequalitativecharacteristicsunderwhichfinancialstatementsareproduced?本題答案：【Faithfulrepresentation#Relevance】3.3自測題1、【單選題】WhichoneofthefollowingisNOTaqualitativecharacteristicsoffinancialinformationaccordingtotheConceptualFrameworkforFinancialReporting?本題答案：【Accruals】2、【判斷題】UndernocircumstancesshouldwedeparturefromIFRS.本題答案：【錯誤】第3單元測驗1、【單選題】IASB’sConceptualFrameworkgivesfourenhancingqualitativecharacteristicsoffinancialinformation.Whatarethesefourcharacteristics?本題答案：【Comparability,Verifiability,TimelinessandUnderstandability】2、【單選題】Whichaccountingconceptshouldbeconsiderediftheownerofabusinesstakesgoodsfrominventoryfortheirownpersonaluse？本題答案：【Businessentity】3、【單選題】Theaccountingconceptwhichrequiresassetstobevaluedattheirnetbookvalue,ratherthantheir‘break-up’valueisthe本題答案：【Goingconcernconcept】4、【單選題】Salesrevenueshouldberecognisedwhengoodsandserviceshavebeensupplied;costsareincurredwhengoodsandserviceshavebeenreceived.Whichaccountingconceptgovernstheabove?本題答案：【Theaccrualsconcept】5、【多選題】AccordingtotheIASB’sConceptualFramework,whichtwoofthefollowingarepartoffaithfulrepresentation?本題答案：【Neutral#Complete】6、【判斷題】Theconceptofaccrualsrequirestransactionstobereflectedinthefinancialstatementsoncethecashoritsequivalentisreceivedorpaid.本題答案：【錯誤】7、【判斷題】Relevantinformationiscapableofmakingadifferenceinthedecisionsmadebyusers,byhavingpredictivevalue,confirmatoryvalueorboth.本題答案：【正確】8、【判斷題】Basedonfaithfulrepresentation,itmaysometimesbenecessarytoexcludematerialinformationfromfinancialstatementsduetodifficultiesestablishinganaccuratefigure.本題答案：【錯誤】4.1自測題1、【單選題】Whichofthefollowingdocumentsshouldaccompanyareturnofgoodstoasupplier?本題答案：【Debitnote】2、【多選題】Whenapurchaseinvoiceisreceivedfromasupplier,whichTWOofthefollowingdocumentswouldtheinvoicebecheckedto?本題答案：【Purchaseorder#Goodsreceivednote】4.2自測題1、【單選題】Whichprimeentryrecordisusedtorecordcreditnotesforreturnsoutwards?本題答案：【Thepurchasereturnsdaybook】2、【多選題】Whichofthefollowingarebooksofprimeentry?本題答案：【Salesdaybook#Cashbook#Journal】第4單元測驗1、【單選題】Whichofthefollowingbestexplainstheimprestsystemofpettycash?本題答案：【Theexactamountofpettycashexpenditureisreimbursedatintervalstomaintainafixedfloat】2、【單選題】Whichofthefollowingisabookoforiginalentry?本題答案：【Journal】3、【單選題】Inwhichbookoforiginalentrywoulddiscountsallowedberecorded?本題答案：【Cashbook】4、【單選題】InwhichbookoforiginalentryisVAToncreditsalesrecorded?本題答案：【Salesdaybook】5、【單選題】Inwhichbookofprimeentrywillabusinessrecorddebitnotesinrespectofgoodswhichhavebeensentbacktosuppliers?本題答案：【Thepurchasereturnsdaybook】6、【單選題】Whichoneofthefollowingsourcedocumentsissummarisedandpostedtothegeneralledger?本題答案：【Cashreceiptsbook】7、【單選題】Whichprimeentryrecordisusedtorecorddirectdebitstopayutilitybills?本題答案：【Thecashpaymentsbook】8、【單選題】YouareanaccountsassistantforKlemspeckSolutions,acompanythatsellscomputerequipment.Thefollowingtransactionstookplaceon23January20X1:$(1)CashsaleofgoodstoCustomersADavis200(2)CreditsaleofgoodstoCustomerHTyre150(3)ReturnofgoodsfromCustomerBRudd30(4)PaymenttosupplierZComputers900(5)PurchaseinvoicefromsupplierZComputers150(6)Purchaseofstationarywithpettycash10Whichoftheabovetransactionswouldberecordedinthepurchasesdaybook?本題答案：【5】9、【單選題】YouareanaccountsassistantforKlemspeckSolutions,acompanythatsellscomputerequipment.Thefollowingtransactionstookplaceon23January20X1:$(1)CashsaleofgoodstoCustomersADavis200(2)CreditsaleofgoodstoCustomerHTyre150(3)ReturnofgoodsfromCustomerBRudd30(4)PaymenttosupplierZComputers900(5)PurchaseinvoicefromsupplierZComputers150(6)Purchaseofstationarywithpettycash10Whichoftheabovetransactionswouldberecordedinthesalesdaybook?本題答案：【2】10、【單選題】YouareanaccountsassistantforKlemspeckSolutions,acompanythatsellscomputerequipment.Thefollowingtransactionstookplaceon23January20X1:$(1)CashsaleofgoodstoCustomersADavis200(2)CreditsaleofgoodstoCustomerHTyre150(3)ReturnofgoodsfromCustomerBRudd30(4)PaymenttosupplierZComputers900(5)PurchaseinvoicefromsupplierZComputers150(6)Purchaseofstationarywithpettycash10Whichoftheabovetransactionswouldberecordedinthecashbook?本題答案：【1and4】5.1自測題1、【單選題】Whichofthefollowingstatementsistrue?本題答案：【Acreditrecordsanincreaseinliabilities.】5.2自測題1、【單選題】TTallonhadthefollowingtransactions:1Saleofgoodsoncreditfor$150toFRogit2ReturnofgoodsfromBBlendiggoriginallysoldfor$300incashtoBBlendiggWhatarethecorrectledgerentriestorecordthesetransactions?本題答案：【DrReceivables$150DrSalesReturns$300CrSales$150CrCash$300】2、【單選題】Inwhichbookofprimeentrywillabusinessrecorddebitnotesinrespectofgoods.Whichhavebeensentbacktosuppliers?本題答案：【Thepurchasereturnsdaybook】5.3自測題1、【單選題】Atrader'snetprofitfortheyearmaybecomputedbyusingwhichofthefollowingformulate?本題答案：【Closingcapital+drawings–capitalintroduced–openingcapital】2、【單選題】Theprofitmadebyabusinessin20X7was$35,400.Theproprietorinjectednewcapitalof$10,200duringtheyearandwithdrewamonthlysalaryof$500.Ifnetassetsattheendof20X7were$95,100,whatwastheproprietor'scapitalatthebeginningoftheyear?本題答案：【$55,500】5.4自測題1、【單選題】Whichofthefollowingwouldberecordedinthesalesdaybook?本題答案：【Salesinvoices】5.5自測題1、【單選題】SubCopurchases$250worthofmetalfromSteelCo.TinCoagreestopaySteelCoin60daystime.WhatisthedoubleentrytorecordthepurchaseinSubCo’sbooks?本題答案：【DebitPurchases$250,CreditPayables$250】第5單元測驗1、【單選題】Adebitentrytothesalesaccountcouldrepresent:本題答案：【Thecorrectionofanerrororgoodsreturned】2、【單選題】Anaccountanthasinsertedalltherelevantfiguresintothetradepayablesaccount,buthasnotyetbalancedofftheaccount.TRADEPAYABLESACCOUNT$$Cashatbank100,750Balanceb/d250,225Purchases325,010Assumingtherearenootherentriestobemade,otherthantobalanceofftheaccount,whatistheclosingbalanceonthetradepayablesaccount?本題答案：【$474,485CR】3、【單選題】Howisthetotalofthepurchasesdaybookpostedtothenominalledger?本題答案：【DebitPurchases,CreditPayablescontrol】4、【單選題】Thenominalledgeris:本題答案：【Acollectionofaccountsrecordingallthetransactionsofthebusiness】5、【單選題】Acreditwouldnotresultinwhichofthefollowing?本題答案：【Increaseinanasset】6、【單選題】Indoubleentrybookkeeping,whichofthefollowingstatementsistrue?本題答案：【Debitentriesdecreaseincomeandincreaseassets.】7、【單選題】JonesCo.hasthefollowingtransactions:1Paymentof$400toJBloggsforacashpurchase2Paymentof$250toJDoeinrespectofaninvoiceforgoodspurchasedlastmonthWhatarethecorrectledgerentriestorecordthesetransactions?本題答案：【DRPurchases$400DRTradepayables$250CRCashandbank$650】8、【單選題】TinCopurchases$250worthofmetalfromSteelCo.TinCoagreestopaySteelCo.in60days’time.WhatisthedoubleentrytorecordthepurchaseinSteelCo'sbooks?本題答案：【DebitReceivables$250,CreditSales$250】9、【單選題】TTallonhadthefollowingtransactions:(i)Saleofgoodsoncreditfor$150toFRogit(ii)ReturnofgoodsfromBBlendiggoriginallysoldfor$300incashtoBBlendiggWhatarethecorrectledgerentriestorecordthesetransactions?本題答案：【DRTradereceivables$150DRSalesReturns$300CRSales$150CRCashandbank$300】10、【單選題】Thesuppliers’personalaccountswillappearinwhichofthefollowingbusinessrecords?本題答案：【Thepurchaseledger】11、【多選題】Acreditbalanceinaledgeraccountwouldnormallybeshownwheretheaccountis:本題答案：【Aliabilityaccount#Acapitalaccount】12、【多選題】Thisquestionexaminesyouruseofdebitsandcreditsinrelationtoaccountsinthenominalledger.Ignoringtheothersideofanentry,whichTHREEofthefollowingaretrue?本題答案：【Incurringanexpenseresultsinadebittotheexpenseaccount.#Decreaseinaliabilityresultsinadebittotheliabilityaccount.#Increaseinaliabilityresultsinacredittotheliabilityaccount.】6.1自測題1、【判斷題】Atrialbalancemustbenotbalanceifsomeofthebalancesarewrong.本題答案：【錯誤】6.2自測題1、【單選題】William'strialbalanceat30September20X5includesthefollowingbalances:Tradereceivables$75,943Receivablesallowance$4,751HowshouldthesebalancesbereportedinWilliam'sstatementoffinancialpositionasat30September20X5?本題答案：【Anassetof$71,192】2、【單選題】At31October20X6Roger'strialbalanceincludedthefollowingbalances:$Machineryatcost12,890Accumulateddepreciation8,950Inventory5,754Tradereceivables11,745Tradepayables7,830Bankoverdraft1,675Cashatbank150WhatisthevalueofRoger'scurrentassetsat31October20X6?本題答案：【$17,649】第6單元測驗1、【單選題】Whichofthefollowingstatementsisincorrect?本題答案：【Theclosinginventorybalanceisincludedinthetrialbalance.】2、【單選題】Abusinesshasthefollowingextractfromitstrialbalance$Tradereceivables5,000Bankoverdraft2,000Tradepayables7,000Inventory4,500Whatisthefigureforcurrentassets?本題答案：【$9,500】3、【單選題】Whichofthefollowingerrorswouldcauseatrialbalancenottobalance?本題答案：【Anerrorintheadditioninthecashbook】4、【單選題】Anorganisationrestoresitspettycashbalanceto$250attheendofeachmonth.DuringOctober,thetotalexpenditurecolumninthepettycashbookwascalculatedasbeing$210,andtheimprestwasrestoredbythisamount.Theanalysiscolumnspostedtothenominalledgertotalledonly$200.Whichoneofthefollowingwouldthiserrorcause?本題答案：【Thetrialbalancebeing$10higheronthecreditside】5、【單選題】Berthasextractedthefollowinglistofbalancesfromhisgeneralledgerat31October20X5:$Revenue258,542Openinginventory9,649Purchases124,958Expenses34,835Non-currentassets(carryingamount)63,960Tradereceivables31,746Tradepayables13,864Cashatbank1,783Capital12,525WhatisthetotalofthedebitbalancesinBert'strialbalanceat31October20X5?本題答案：【$266,931】6、【單選題】Whichofthefollowingerrorswouldresultinatrialbalancefailingtoagree?本題答案：【Recordinganexpensepaymentas:DRExpenseDRCashatbank】7、【單選題】Whatisthedoubleentrytorecordtransaction(i)?(i)Purchaseofmaterialsfor$100bycheque本題答案：【DRPurchases$100CRCashatbank$100】8、【單選題】Whatisthedoubleentrytorecordtransaction(ii)?(ii)SaleofgoodstoCustomerYfor$500oncredit本題答案：【DRTradereceivables$500CRSales$500】9、【單選題】Whichofthefollowingstatementsisincorrect?本題答案：【Ifthetrialbalancebalancestherearenoerrors.】10、【多選題】WhichTHREEofthefollowingsetsofitemsallappearonthesamesideofthetrialbalance?本題答案：【Sales,interestincomeandaccruals#Non-currentassets,costofsalesandcarriageoutwards#Sundryexpenses,prepaymentsandpurchases】11、【判斷題】Whenpreparingatrialbalance,theclerkomitsthebalanceof$2,000onthereceivablesaccount.Thiserrormeansthatthetotalofdebitbalanceswillexceedthetotalofcreditbalancesby$2,000.本題答案：【錯誤】12、【判斷題】ThebalanceonsalesaccountwillgototheP/Laccount.ThebalanceonaP/Laccountalsowillgotocapitalaccount.本題答案：【正確】7.1自測題1、【單選題】Thesalesaccountis:本題答案：【Creditedwiththetotalsalesmade,excludingsalestax】2、【判斷題】Thesalestaxaccountcouldinfluencestatementofprofitorloss.本題答案：【錯誤】3、【判斷題】ThesalestaxaccountisalwaysontheDebitside.本題答案：【錯誤】7.2自測題1、【單選題】Tomisnotregisteredforsalestaxpurposes.Shehasrecentlyreceivedaninvoiceforgoodsforresalewhichcost$600beforesalestax,whichisleviedat15%.Thetotalvaluewastherefore$690.WhatisthecorrectentrytobemadeinTom’sgeneralledgerinrespectoftheinvoice?本題答案：【DrPurchases$690,CrPayable$690】2、【單選題】Sales(includingsalestax)amountedto$1175,andpurchases(excludingsalestax)amountedto$5000.Whatisthebalanceonthesalestaxaccount,assumingallitemsaresubjecttosalestaxat17.5%?本題答案：【$700debit】3、【單選題】ThefollowinginformationrelatestoA’ssalestaxforthemonthofMarch2003:Sales(netofsalestax)$30,000Purchase(includingsalestax)$11,000Salestaxischargedataflatrateof10%.A’ssalestaxaccountshowedanopeningcreditbalanceof$2000atthebeginningofthemonthandaclosingcreditbalanceof$1000attheendofthemonth.WhatwasthetotalsalestaxpaidtoregulatoryauthoritiesduringthemonthofMarch2003?本題答案：【$3000】第7單元測驗1、【單選題】Asalestaxregisteredbusinesssellsgoodsfor$200plussalestaxat17.5%oncreditWhichofthefollowingentriescorrectlyrecordsthistransaction?本題答案：【DebitTradeaccountsreceivable$235CreditSales$200CreditSalestaxcontrolaccount$35】2、【單選題】Abusinesscommencedwithcapitalincashof$2,000.Inventorycosting$1,600plussalestaxispurchasedoncredit,andhalfissoldfor$2,000plussalestax,thecustomerpayingincashatonce.Thesalestaxrateis20%.Whatwouldtheaccountingequationafterthesetransactionsshow?本題答案：【Assets$5,200lessLiabilities$2,000equalsCapital$3,200】3、【單選題】Inthequarterended31March20X2,Chadsalestaxableoutputs,netofsalestax,of$90,000andtaxableinputs,netofsalestax,of$72.000.Iftherateofsalestaxis10%,howmuchsalestaxisdue?本題答案：【$1,800payable】4、【單選題】InJuly20X2,acompanysoldgoodsatthestandardsalestaxratewithanetvalueof$200,000.ThepurchasesinJuly20X2,whichwereallsubjecttosalestax,were$161,000,includingsalestax.Assumethattherateofsalestaxis15%.Thedifferencebetweensalesinputtaxandsalesoutputtaxis:本題答案：【CR$9,000】5、【單選題】Whichisregisteredforsalestax,receivedaninvoicefromanentertainmentagencyfor$4,000plussalestax(Irrecoverablesalestax).Therateofsalestaxonthegoodswas17.5%.Thecorrectledgerentriesare:本題答案：【DebitEntertainmentexpense4,700CreditPayables4,700】6、【單選題】Abusinessisregisteredforsalestax.Thesalestaxrateis20%.Sales(includingsalestax)fortheperiodare$37,200andpurchases(excludingsalestax)are$19,600.Whatisthebalanceonthesalestaxcontrolaccount?本題答案：【$2,280】7、【單選題】JackCoisregisteredforsalestaxandthestandardrateofsalestaxis20%.InAugust20X9,salesandpurchaseswereasfollows:lSalesof$300,000beforesalestax;theseitemsaresubjecttosalestaxatthestandardsalestaxratelSalesof$80,000beforesalestax;theseitemsarezero-ratedlPurchasesof$128,000beforesalestax,;theseitemsaresubjecttosalestaxatthestandardsalestaxrateWhatisthenetamountduetoorreclaimablefromthetaxauthoritiesinrespectofthesetransactions?本題答案：【$34,400】8、【單選題】Businessisregisteredforsalestaxandtherateofsalestaxis20%.InAugust20X7acompanysoldgoodsatstandardsalestaxratewithanetvalueof$230,000andgoodsatzerosalestaxratewithanetvalueof$10,000.ThenetpurchasesinAugust20X7,whichwereallsubjecttosalestax,were$145,000.Thereisanopeningcreditbalanceof$24,000onthesalestaxcontrolaccount.Paymentsof$18,000weremadetothetaxauthoritiesduringtheperiod.Whatistheclosingliabilityonthesalestaxaccountattheendoftheperiod?本題答案：【$23,000】9、【單選題】Abusinesswhichisregisteredforsalestaxpurchasesgoodsoncreditatacostof$500plussalestaxat17.5%.Whichofthefollowingcorrectlyrecordsthecreditpurchase?本題答案：【DebitDebitCreditPurchasesSalestaxPurchasesledgercontrolaccount$500.00$87.50$587.50】10、【單選題】Sales(includingsalestax)amountedto$82,837.50,andpurchases(excludingsalestax)amountedto$54,000.Whatisthebalanceonthesalestaxcontrolaccount,assumingallitemsaresubjecttosalestaxat17.5%?本題答案：【$2887.50credit】11、【填空題】Asaleismadefor$378.00plussalestaxat20%.Howmuchsalestaxshouldbecharged?Showyouranswertotwodecimalplaces.本題答案：【75.60】8.1自測題1、【單選題】IAS2Inventoriesdefinestheitemsthatmaybeincludedincomputingthevalueofaninventoryoffinishedgoodsmanufacturedbyabusiness.Whichoneofthefollowinglistsconsistsonlyofitemswhichmaybeincludedinthestatementoffinancialpositionvalueofsuchinventories,accordingtoIAS2?本題答案：【Plantdepreciation,carriageinwards,rawmaterials,Supervisor'swages】2、【單選題】WhichoneofthefollowingstatementsabouttheuseofacontinuousinventorysystemisINCORRECT?本題答案：【Acontinuousinventorysystemremovestheneedforperiodicphysicalinventorycounts.】8.2自測題1、【單選題】Whichofthefollowingcostsmaybeincludedwhenarrivingatthecostoffinishedgoodsinventoryforinclusioninthefinancialstatementsofamanufacturingcompany?1Carriageinwards2Carriageoutwards3Depreciationoffactoryplant4Finishedgoodsstoragecosts5Factorysupervisors'wages本題答案：【1,3and5only】2、【單選題】Theclosinginventoryatcostofacompanyat31January20X3amountedto$284,700.Thefollowingitemswereincludedatcostinthetotal:1.400coats,whichhadcost$80eachandnormallysoldfor$150each.Owingtoadefectinmanufacture,theywereallsoldafterthereportingdateat50%oftheirnormalprice.Sellingexpensesamountedto5%oftheproceeds.2.800skirts,whichhadcost$20each.Thesetoowerefoundtobedefective.RemedialworkinFebruary20X3cost$5perskirt,andsellingexpensesforthebatchtotalled$800.Theyweresoldfor$28each.WhatshouldtheinventoryvaluebeaccordingtoIAS2Inventoriesafterconsideringtheaboveitems?本題答案：【$281,200】8.3自測題1、【單選題】Acompanywithanaccountingdateof31Octobercarriedoutaphysicalcheckofinventoryon4November20X3,leadingtoaninventoryvalueatcostatthisdateof$483,700.Between1November20X3and4November20X3thefollowingtransactionstookplace:1Goodscosting$38,400werereceivedfromsuppliers.2Goodsthathadcost$14,800weresoldfor$20,000.3Acustomerreturned,ingoodcondition,somegoodswhichhadbeensoldtohiminOctoberfor$600andwhichhadcost$400.4Thecompanyreturnedgoodsthathadcost$1,800inOctobertothesupplier,andreceivedacreditnoteforthem.Whatfigureshouldappearinthecompany'sfinancialstatementsat31October20X3forclosinginventory,basedonthisinformation?本題答案：【$461,500】2、【多選題】Whichofthefollowingstatementsaboutthevaluationofinventoryarecorrect,accordingtoIAS2Inventories?本題答案：【LIFO(lastin,firstout)cannotbeusedtovalueinventory.#Sellingpricelessestimatedprofitmarginmaybeusedtoarriveatcostifthisgivesareasonableapproximationtoactualcost.】8.4自測題1、【單選題】Inpreparingitsfinancialstatementsforthecurrentyear,acompany'sclosinginventorywasunderstatedby$300,000.Whatwillbetheeffectofthiserrorifitremainsuncorrected?本題答案：【Thecurrentyear'sprofitwillbeunderstatedandnextyear'sprofitwillbeoverstated.】2、【單選題】TheclosinginventoryofXamountedto$116,400excludingthefollowingtwoinventorylines:1.400itemswhichhadcost$4each.Allweresoldafterthereportingperiodfor$3each,withsellingexpensesof$200forthebatch.2.200differentitemswhichhadcost$30each.Theseitemswerefoundtobedefectiveattheendofthereportingperiod.Rectificationworkafterthestatementoffinancialpositionamountedto$1,200,afterwhichtheyweresoldfor$35each,withsellingexpensestotalling$300.WhichofthefollowingtotalfiguresshouldappearinthestatementoffinancialpositionofXforinventory?本題答案：【$122,900】第8單元測驗1、【單選題】Openinginventoryofrawmaterialswas$58,000,closinginventorywas$63,000,purchaseswere$256,000,purchasereturnswere$17,000.Whatwascostofsales?本題答案：【$234,000】2、【單選題】FIFO,LIFOandaveragecostareinventoryvaluationmethods.Whichofthefollowingstatementsiscorrect?本題答案：【Whenpricesarerising,FIFOwillproducethehigherprofitfigureofallthesemethods.】3、【單選題】Acompanywhichgivesitssalespersonnel5%ofsalespriceascommission,hasthisinventoryattheyearend:PerunitQuantityCostEstimatedsalespriceBeads2,000$1.50$1.53Buttons1,500$1.25$1.40Bows2,000$1.60$1.50Atwhatvalueshouldthisinventoryberecordedinthefinancialstatements?本題答案：【$7,632】4、【單選題】Acompanyvaluesitsinventoryusingthefirstin,firstout(FIFO)method.At1May20X2,thecompanyhad700enginesininventory,valuedat$190each.Duringtheyearended30April20X3,thefollowingtransactionstookplace:20X21JulyPurchased500enginesat$220each1NovemberSold400enginesfor$160,00020X31FebruaryPurchased300enginesat$230each15AprilSold250enginesfor$125,000Whatisthevalueofthecompany'sclosinginventoryofenginesat30April20X3?本題答案：【$188,500】5、【單選題】Youarepreparingthefinalaccountsforabusiness.Thecostoftheitemsinclosinginventoryis$41,875.Thisincludessomeitemswhichcost$1,960andwhichweredamagedintransit.Youhaveestimatedthatitwillcost$360torepairtheitems,andtheycanthenbesoldfor$1,200.Whatisthecorrectinventoryvaluationforinclusioninthefinalaccounts?本題答案：【$40,755】6、【單選題】Acompanyhasanannualinventorycount,thefactorydidnotceaseproductionduringtheinventorycountandsomegoodsinworkinprogress(cost$5,500)werelatercountedagainandincludedinfinishedgoodsinventory(cost$7,500).Asaresultprofitwas?本題答案：【Overstatedby$5,500】7、【單選題】Grossprofitfor20X3canbecalculatedfrom:本題答案：【Netprofitfor20X3,plusexpensesfor20X3】8、【多選題】WhichofthefollowingmethodsofvaluinginventoryareallowedunderIAS2?本題答案：【Averagecost#FIFO】9、【判斷題】Contin