Accountıng Iı Ara 5. Deneme Sınavı

Toplam 20 Soru
PAYLAŞ:

1.Soru

Which of the following is defined as a unique kind of non-current assets that provide certain legal rights, privileges, and competitive advantages to the business?


Intangible assets

Tangible assets

Share certificates

Trade receivables

Inventories


2.Soru

Which of the following is not included in the cost of the land?


Survey and legal fees

Property taxes in arrears

Taxes assessed to transfer the ownership on the land

Cost of clearing the land and removing unwanted buildings

Signs and street light installment


3.Soru

Which of the following are the securities bought and held principally for the purpose of being sold in the near term to generate income on short-term price differences?


Debt securities

Equity securities

Trading securities

Available-for-sale securities

Held-to-maturity securities


4.Soru

Which of the following is not a right?


Patents

Licenses

Trademarks

Copyrights

Goodwill


5.Soru

Which securities are measured with their fair values?


Debt securities

Equity securities

Trading security

Held to maturity securities

Available for sale securities


6.Soru

  1. Purchase price
  2. Designing cost
  3. Constructing cost

Which of the costs above is included in the initial cost of an intangible asset?


Only I

I and II

II and III

I and III

I, II and III


7.Soru

Which of the following is true about capital expenditures?


They are debited to an asset account.

They decrease the asset’s capacity and efficiency.

They shorten the useful life of an asset. 

They are recognized as a period expense.

They are debited to Repairs and Maintenance Expense.


8.Soru

Which of the following is the allocation of long-term asset’s cost to expense over its useful life?


Revenue expenditure

Capital expenditure

Depreciation

Residual value

Long-lived asset


9.Soru

  1. They are acquired for use in operations and not for resale.
  2. They are in short-term in nature and usually depreciated.
  3. They possess physical substance.
  4. They are not intended for sale to customers.
  5. They are economic resources that have physical substance (tangible)

Which of the statements above in terms of property, plant and equipment assets are correct?


I and II

I, III and IV

II, III and IV

I, III, IV and V

I, II, III, IV and V


10.Soru

Anadolu Co. sells its machine for 150,000 TL. When the machinery was purchased three years ago the capitalized cost of the machinery was 350,000 TL (The machine is estimated to have been used used for 5 years). Anadolu Co. applies straight-line depreciation method and the machinery has an accumulated depreciation of 210,000 TL. How will Anadolu Co. record this sale in the journal?


Records as a Loss on Sale of Machinery&Equipment

Records as a Advances Paid

Records as a non-profit on Sale of Machinery&Equipment

Records as a Depreciation Expense

Records as a Gain on Sale of Machinery&Equipment


11.Soru

Which of the following instruments is a debt security?


common stock 

corporate bonds

preferred stock 

cash 

accounts payable


12.Soru

On June 1,  A company purchased 100 piece machine from B company from 5.000 TL on account. The payment is due on September 1.

Which of the following is true about the accounting record to be made according to this information?


Merchandise Inventory credit 5.00

Accounts Payable credit 5.000

Notes Payable credit 5.000

Short term bank loan credit 5.000

Long term bank loan debit 5.000


13.Soru

In cases of purchases on credit or borrowings, companies may issue promissory notes as an arrangement to formalize the repayment of a certain amount of cash at a certain date to a third party. If it is expected to be paid in the following fiscal year, how are these promissory notes recorded? 


As accounts payable

As tax payable

As notes payable

As unearned revenue

As accruals


14.Soru

In the first year of the coal mine, a company digs out   2,500,000 tons of gold.  Cost of mine : 6,000,000 TL Estimated total units of resource : 30,000,000 tons Tons mined during year : 2,500,000 tons Residual value : 0 TL What is the depletion per unit for this company?


0,1

0,2

0,3

0,4

0,5


15.Soru

  1. Rights consist of patents, licenses, trademarks, franchises and copyrights
  2. Intangible assets have a definite life.
  3. The initial cost of a purchased intangible asset includes only the purchase price.

Which of the item/s mentioned above is true for intangible assets?


Only I

I and II

I and III

II and III

I, II and III


16.Soru

Anadolu Co. purchases a machine for 10,000,000 TL and estimates to use it for 10 years. According to the double-declining balance depreciation method, what will be the depreciation expense for the second year?


2,000,000 TL

1,600,000 TL

1,280,000 TL

1,000,000 TL

850,000 TL


17.Soru

Which of the following is the value paid above the net worth of the company’s assets and liabilities.


Depletion

Natural resources

Goodwill

Leasehold

Amortization


18.Soru

Which of the following is the process of allocating the cost of an intangible asset to expense over its useful life?


Definite life

Indefinite life

Patent

Limited life

Amortization


19.Soru

Which of the following is not one of the characteristics of intangible assets?


They have a value for a specific company.

Some of them have unlimited life.

Their values fluctuate highly. 

An intangible asset is nonphysical. 

An intangible asset is both short term. 


20.Soru

A security is recorded as ..................... when the investor company has both intention and ability to keep it until the maturity date.

Which of the following should be brought to the space left above?


Available for sale Securities

Trading Securities

Held-to-maturity Securities

Common stocks

Preferred stocks