Fara Co. reported bonds payable of $47,000 at December 31, Year 1, and $50,000 at December 31, Year 2. During Year 2, Fara issued $20,000 of bonds payable in exchange for equipment. There was no amortization of bond premium or discount during the year. What amount should Fara report in its Year 2 statement of cash flows for redemption of bonds payable?

1 .Solway International is owed ￡10,000 from its U.K. customer. The current exchange rate is $1.30 to the U.K. pound (￡1.00). Solway has purchased a put option to sell ￡10,000 in 60 days time for $1.25, and Solway has paid a premium of $0.005. If 60 days from now the exchange rate is $1.20, what will be the overall result for Solway International?

A Solway will exercise the option and it will benefit Solway by $450. B Solway will exercise the option and it will benefit Solway by $500. C Solway will exercise the option and it will benefit Solway by $550. D Solway will allow the option to expire unexercised.

题型: 单选题 提问时间: 2021-08-24

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2 .For the year ended December 31, Tyre Co. reported pretax financial statement income of $750,000. Its taxable income was $650,000. The difference is due to accelerated depreciation for income tax purposes. Tyre's effective income tax rate is 30%, and Tyre made estimated tax payments during the year of $90,000. What amount should Tyre report as current income tax expense on December 31?

A USD 225,000 B USD 135,000 C USD 105,000 D USD 195,000

题型: 单选题 提问时间: 2021-08-24

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3 .West Corp. leased a building and received the $36,000 annual rental payment on June 15 of the current year. The beginning of the lease was July 1. Rental income is taxable when received. West's tax rates are 30% for the current year and 40% thereafter. West had no other permanent or temporary differences. West determined that no valuation allowance was needed. What amount of deferred tax asset should West report in its balance sheet for the current year ended December 31?

A $14,400 B $7,200 C $5,400 D $10,800

题型: 单选题 提问时间: 2021-08-24

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4 .In preparing its cash flow statement for the year ended December 31, Reve Co. collected the following data: Gain on sale of equipment $ (6,000) Proceeds from sale of equipment 10,000 Purchase of S., Inc. bonds (par value $200,000) (180,000) Amortization of bond discount 2,000 Dividends declared (45,000) Dividends paid (38,000) Proceeds from sale of Treasury stock (carrying amount $65,000) 75,000 In its December 31, statement of cash flows, what amount should Reve report as net cash used in investing activities?

A $176,000 B $188,000 C $170,000 D $194,000

题型: 单选题 提问时间: 2021-08-24

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6 .The following information pertains to certain monies held by Blair County at December 31, Year 1, that are legally limited to expenditures for specified purposes: Proceeds of short-term notes to be used for advances to private purpose trust funds $ 8,000 Proceeds of long-term debt to be used for a major capital project 90,000 What amount of these monies should Blair account for as restricted or committed in special revenue funds?

A USD 0 B USD 8,000 C USD 98,000 D USD 90,000

题型: 单选题 提问时间: 2021-08-24

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7 .Tang City received land from a donor who stipulated that the land must remain intact, but any income generated from the property may be used for general government services. In which fund should Tang City record the donated land?

A Agency. B Permanent. C Private-purpose trust. D Special revenue.

题型: 单选题 提问时间: 2021-08-24

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8 .The town of Hill operates municipal electric and water utilities. In which of the following funds should the operations of the utilities be accounted for?

A Agency fund. B Enterprise fund. C Special revenue fund. D Internal service fund.

题型: 单选题 提问时间: 2021-08-24

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9 .The debt service transactions of a special assessment bond issue for which the government is not obligated in any manner should be reported in the:

A Enterprise fund. B Special revenue fund. C Agency fund. D Long-term debt account group.

题型: 单选题 提问时间: 2021-08-24

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10 .对于总降压变电所，对大中型企业，由于负荷较大，往往采用（　）或以上电源进线。

A 6 B 10 C 35 D 315

题型: 单选题 提问时间: 2021-08-24

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