AÖF Soru Bankası
MUH214U

Accountıng II (ENG)

2021–2022 Vize (Ara Sınav) Çıkmış Soruları

  • 20 soru
  • Soru metinleri açık; şıklar ve cevap anahtarı uygulamada
  1. 1
    Which of the following statement is not true about intangible assets?
    • AThey convey special rights like patents, copyrights, etc.
    • BThey are considered to be a unique kind of non-current assets.
    • CThey provide certain legal rights, privileges, and competitive advantages.
    • DThey have a physical substance or form like other assets. lof. E) They include pre-operating, research and
    • Edevelopment costs.
  2. 2
    Which of the following refers to the allocation of the natural resources' cost to expense in a rational and systematic manner over the resource's useful life?
    • ATransaction
    • BDepletion
    • CDepreciation
    • DAmortization
    • ECapitalization
  3. 3
    Which of the following refers to the profit generated from an investment arising from the change in value?
    • ADividend
    • BPar value dof
    • CCapital gain
    • DConsolidation
    • EAmortization
  4. 4
    Which of the following refers to present obligations with uncertain amounts to settle?
    • ANotes payable
    • BInstallment
    • CAccounts payable
    • DPrinciple
    • EEstimated liability
  6. 5
    How should you record revenue expenditure?
    • ACredit as a period expense
    • BDebit as an asset ne
    • CDebit as a long term receivable
    • DDebit as an expense
    • EDebit as a liability
  7. 6
    Suburb Company owns 30 percent of Mazzart Corporation. In the current year, Mazzart Corporation reported $700,000 net income and distributed 10 percent of it as dividend. How does Suburb Company report for dividends?
    • ADebit Cash by $21,000; Credit Affiliates by ₺21,000
    • BDebit Cash by $70,000; Credit Affiliates by ₺70,000
    • CDebit Cash by $21,000; Credit Dividends Revenue by $21,000
    • DDebit Affiliates by $21,000; Credit Dividends Revenue by $21,000
    • EDebit Affiliates by $70,000; Credit Dividends Revenue by $70,000
  8. 7
    I. Straight-line depreciation method produces a decreasing annual depreciation expense over the asset's useful life. Il. Double- declining balance depreciation method allocates the depreciable cost of the asset equally to its useful life. Ill. "Cost of the asset - Accumulated Depreciation" is called the "Book Value" of the asset. IV. Units- of- production depreciation method depreciates by units rather than by years. Which of the statements above in terms of depreciation methods are correct?
    • AI and Il
    • BI and IV
    • CIII and IV
    • DI, III and IV
    • EI, II, Ill and IV
  9. 8
    How should contingent liabilities be reported when they are probable to happen but there is high level of uncertainty included in their measurement or existence?
    • AReported as notes payable
    • BReported in current liabilities
    • CReported as accounts payable ne
    • Dof. D) Reported in footnotes
    • EReported in assets
  11. 9
    At the end of a fiscal year, when a seller company has collected more than what it has already paid to government as VAT, how should the company record this?
    • AAs VAT Deductible
    • BAs VAT paid
    • CAs accrued expense
    • DAs unearned revenue
    • EAs VAT Payable
  12. 10
    A company purchases land paying 200,000 TL An additional 20,000 TL is paid for removing old ruins, then the company sells the debris of the ruins for 5,000 TL. Land clearance costs 10,000 TL and the company also pays 10,000TL for land improvements. What is the total cost of the land to the company?
    • A220,000
    • B225,000
    • C235,000
    • D240,000
    • E230,000
  13. 11
    Which of the following is not a liability?
    • AUnearned Revenues
    • BIncome Tax Payable
    • CIncome Tax Expense
    • DInterest Payable
    • ECurrent Portion of Long-Term Bank Loans
  14. 12
    Which measure is used in the transfers between categories on the date of transfer?
    • AFair Value
    • BAmortized Value
    • CTerminal Value
    • DHistorical Cost
    • EReplacement Value
  16. 13
    Which of the following cannot be amortized because it is considered to have an indefinite life?
    • ACopyrigt
    • BGoodwill
    • CFranchise
    • DPatent
    • ETrademark
  17. 14
    Which of the following refers to recording the expenditure as an asset?
    • ADiscarding
    • BDepreciation
    • CDepreciable cost
    • DRevenue expenditure
    • ECapitalization
  18. 15
    — is the value paid above the net worth of the company's assets and liabilities. Which of the following completes the sentence above?
    • ATrademark
    • BFranchise
    • CGoodwill
    • DCopyright
    • ELicense
  19. 16
    Which cost is not recorded as part of the cost of Land?
    • Areal estate commission paid to buy the land
    • Bpayments for material, labor and overhead costs incurred during construction of building
    • Ctaxes assessed to transfer the ownership on the land
    • Dpurchase price
    • Ecost of clearing the land and removing unwanted buildings
  21. 17
    When a debt security is issued, if the price paid for the security exceeds the face value, the debt security is told to be sold at Which of the following completes the sentence above?
    • Aa premium
    • Ba residual value
    • Ca discount
    • Dprofit
    • Epar
  22. 18
    Which of the following refers to the contracts that provide payoffs to investors depending on the values of other assets that they are derived from?
    • AConsolidation
    • BSubsidiary
    • CDebt securities
    • DEquity securities
    • EDerivatives
  23. 19
    When an intangible asset is internally developed, how should the company record its cost?
    • AAs period expenses
    • BAs inventory
    • CAs amortization
    • DAs an asset
    • EAs revenue expenditure
  24. 20
    Which of the following refers the payments to employees on an hourly basis?
    • AGross pay
    • BPension
    • CSalary
    • DWage
    • ENet pay
Şıkları ve doğru cevapları görAccountıng II (ENG) dersinin tüm sınavları, cevap anahtarları, süreli mod ve yanlış analizi uygulamada.Uygulamada aç