2018–2019 Final (Dönem Sonu) Çıkmış Soruları

Which of the following shows the main difference between current assets and non-current assets? A) Non-current assets are consumed within a year B) Current assets are used in operations for more than a year C) Non-current assets will be sold within a year D) Current assets are converted into cash for more than a year E) Non-current assets are used in operations for more than a year

Which of the following related to selling of treasury shares is incorrect? A) Selling of treasury share below cost has no effect on the net income/net loss B) Paid-in Capital from Treasury Share should be credited while selling of treasury shares below cost. C) Paid-in Capital from Treasury Share is a shareholders' equity account to record the difference between the cost and sale price D) Treasury Share account is credited with the cost while selling of treasury shares at cost. E) After reacquiring of treasury shares may be to avoid a takeover, the corporation may resell these shares.

The total amount of - accounts balance is presented firstly in the shareholders' equity section on a balance sheet. Which of the following completes the sentences above? A) Treasury shares B) Paid in capital in excess of par-common C) Paid-in capital D) Retained earnings E) Paid in capital in excess of par-preferred

Which of the following is a format for reporting operating cash flows? A) Investing method B) Operating method C) Financing method D) Direct method E) Income method

On December 12, Mr. Dolgu, who is a dentist in Manisa, received a new patient, Mrs. Yellow. Dolgu and Yellow have agreed on a treatment including plating 4 teeth for a price of $1,000. Mr. Dolgu collected the total amount in advance, however only 2 teeth could be plated during December. The remaining 2 teeth will be plated as of January 16. Which of the following accounting records should Mr. Dolgu prepare at the end of year, depending on the case above? A) Debit Cash by $500; Credit Dental Revenue by €500. B) Debit Cash by $1,000; Credit Unearned Revenue by $1,000. C) Debit Cash by $1,000; Credit Dental Revenue by $1,000 D) No record is required as the plating is completed on January 16. E) Debit Unearned Revenue by $500; Credit Dental Revenue by €500.

What is the name of the account representing the total amount received from shareholders above stated value while issuing shares? A) Paid-in Capital in Excess of Stated B) Common share C) Discount on Capital Share D) Shared Capital E) Paid-in capital

On which date a journal entry is not required in the accounting process of the cash dividends? A) Decision date B)S Payment date C) Record date D)E Declaration date E) Dividend date

If we use indirect method for statement of cash flows, a gain on the sale of a plant- Which of the following completes the sentences above? A) will be reported in the financing activities section. B) will not be reported as cash generating activity. C) will be reported in the investing activities section. D) will be deducted from net income in operating activities section. E) will be added to net income in the operating activities section.

Which of the following describes a secured bond? A) A bond that gives the bondholder a claim for specific assets to ensure its payment B) A bond that is not backed by specific assets C) A bond that issued in the name of the owner D) A bond that repays principal in installments E) A bond that matures at one specified time

Which of the following account should be debited while recording declaration of share dividends? A) Common share dividend distributable B) Common share C) Paid in capital in excess of par-common D) Dividends payable E) Retained earnings

Which of the following statement is not true for intangible assets? A) Contractual agreements may lead them to arise B) They have a value for a specific company C) They all have limited useful lives D) They can be granted by governmental authorities E) Their values fluctuate highly because their benefits are based on competition

If beginning balance of accounts payable is 70,000 TL, ending balance is 95,000 TL and the purchases for the period is 150,000 TL. What is the payments for inventory? A) 100,000 B) 125,000 C) 160,000 D) 245,000 E) 315,000

Investing company has purchased 3,000 shares of another company, with the aim of reselling when the price increases, by paying $2.00 per share. Additionally, company paid $30 as brokerage commission. Which accounting treatment is true for the investing company at the end of year if the market value of the share has increased to ₺2.50? A) Increase the value of trading securities by ₺1,470 and record unrealized holding gain for the same amount B) Increase the value of trading securities by ₺1,500 and record unrealized holding gain for the same amount. C) Increase the value of trading securities by ₺1,500 and record unrealized holding gain of $1,500. Increase the value of trading securities by ₺1,500 and record unrealized holding gain of $1,470. E) Increase the value of available for sale securities by $1,470 and record unrealized holding loss for the same amount

What is the name of the shares that provides its owner some advantages more than a common share does? A) Treasury share B) Authourized share C) Preferred share D) Issued share E) Outstanding share

The main purpose of issuing bonds for the companies is to ----. Wich of the following completes the sentence above? A) earn interest B) save money C) receive dividend payments D) borrow for the long term when the amount of capital needed is too large for one lender to supply E) reduce their capital

I. Treasury share is a corporation's own share that has been repurchased and is being held for tuture use. Il. Supporting the shares price by increase trading of the shares may be a reason for a corporation to repurchase its own shares III. Outstanding shares represent the difference between issued share and treasury share. IV. Increasing the number of outstanding shares for some ratio analysis may be a reason for a corporation to repurchase its own shares Which of the above related to treasury shares are correct? A) I-III C) I-III-IV D) II-III-IV E) I--I-V

On January 1, 2018, Sas Corp. issues 200,000 TL, 5-year, 7% bonds at face value. The entry to record the issuance of the bonds would include a Wich of the following completes the sentence above? A) credit to Owner's equity for 200,000 TL B) debit to Cash for 14,000 TL C) credit to Bond Interest Expense of 14,000 TL D) debit to Long Term Bonds Payable for 200,000 TL E) credit to Long Term Bonds Payable for 200,000 TL

If a bond's stated interest rate is the same as the market rate, which of the following is true? A) The bond will be issued at par B) The bond will be issued at a premium. C) The bond will be issued for an amount lower than the maturity value. D) The bond will be issued at amortization value. E) The bond will be issued at a discount.

I. Share dividend is a distribution of a corporation's own shares to the shareholders as dividends. II. A share split is increasing the number of issued and outstanding shares of a corporation that results in decreasing of shares par value. Ill. If a corporation decides to distribute share dividends, assets, liabilities and total shareholders' equity will not change. IV. Share dividends are categorized into three groups as small share dividends, medium share dividends, and large share dividends. Which of the above related to accounting for share dividends and share splits are correct? A) I-l B) I-V C) III-V D) 1-II-III E |-|-||I-IV