AÖF Soru Bankası
MUH214U

Accountıng II (ENG)

2021–2022 Final (Dönem Sonu) Çıkmış Soruları

  • 20 soru
  • Soru metinleri açık; şıklar ve cevap anahtarı uygulamada
  1. 1
    The right of shareholders to purchase additional shares of common share issued by the corporation is called the ----- Wich of the following completes the sentence above?
    • Apreemptive right.
    • Bvoting right.
    • Cdividend right.
    • Dmanaging right
    • Eliquidation right.
  2. 2
    Sunna's trial balance shows 100,000 TL face value of bonds with a discount balance of 5,000. The bonds mature in 10 years. How will the bonds be presented on the balance sheet?
    • ABonds payable 100,000 will be listed as a long-term liability. A 5,000 discount on bonds payable will be listed as a contra current liability.
    • BBonds payable 105,000 will be listed as a long-term liability. A 5,000 discount on bonds payable will be listed as a contra current liability.
    • CBonds payable 100,000 will be listed as a long-term liability. A 5,000 discount on bonds payable will be listed as a current liability.
    • DBonds payable 100,000 will be listed as a long-term liability. A 5,000 discount on bonds payable will be subtracted from bonds payable amount as a contra liability account.
    • EBonds payable 105,000 will be listed as a long-term liability. A 5,000 discount on bonds payable will be subtracted as a contra current liability.
  3. 3
    Which of the following is true for financing activities?
    • AIt is the most important part of the statement of cash flows.
    • BThey reflect the basis of the business.
    • CThey include cash receipts form customers for sales of merchandise inventory.
    • DThey include cash payments for interest expense and income tax expense. They include cash inflows and outflows
    • Einvolved in long term liabilities and equity.
  4. 4
    Which of the following investment is most likely classified as a held-to-maturity securities investment?
    • A5-year bonds
    • BOwnership Percentage is less than 20%
    • COwnership Percentage is between 20% and 50%
    • DOwnership Percentage is more than 50%
    • ETreasury equities
  6. 5
    If bond issuer ofers more interest rate than the market interest rate, they have to sell to offer the same effective interest return to their investors. Wich of the following completes the sentence above?
    • Aat par value
    • Bat carrying value
    • Cat premium
    • Dat face value
    • Eat discount
  7. 6
    Which one of the following is the date on which the board of directors agrees to pay a dividend and a liability occurs for a corporation?
    • AEx-dividend date
    • BDeclaration date
    • CLast day of a fiscal year
    • DRecord date
    • EPayment date
  8. 7
    I. The most important priorities of a preferred share are dividends and assets in the event of liquidation. Il. Preferred shareholders must be paid only unpaid prior year dividends before common shareholders receive dividends. III. Common share part and preferred share part should be presented separately on the balance sheet. IV. In recording of Premium for preferred share "Paid-in capital in excess of par- Preferred" account should be used. Which of the above statements related to preferred shares are correct?
    • AI-IV
    • BII-IV
    • CIII-V
    • DI-III-IV
    • EI-II-III-V
  9. 8
    On January 3, 2022 MAY Corporation issued bonds for 100,000 TL due in 5 years with 12 percent interest payable annually. At the time of issue, market rate for such bonds is 12 percent. What is the selling price of bonds?
    • A40,000 TL
    • B88,000 TL
    • C100,000 TL
    • D112,000 TL
    • E160,000 TL
  11. 9
    CAN Inc. issues 5-year bonds with a maturity value of 100,000 TL. If the bonds are issued at a premium, what does this indicate?
    • ANo relationship exists between the market and stated rates.
    • BThe market interest rate is less than the stated interest rate of the bond issued.
    • CThe stated interest rate is less than the interest rate offered by any other investment instrument in the market.
    • DThe market interest rate exceeds the stated interest rate.
    • EThe stated interest rate and the market interest rate are the same.
  12. 10
    Which of the following statement related to selling of treasury shares is incorrect?
    • APaid-in Capital from Treasury Share should be credited while selling of treasury shares below cost.
    • BAfter reacquiring of treasury shares may be to avoid a takeover, the corporation may resell these shares. Selling of treasury share below cost has no
    • Ceffect on the net income/net loss
    • DTreasury Share account is credited with the cost while selling of treasury shares at cost.
    • EPaid-in Capital from Treasury Share is a shareholders' equity account to record the difference between the cost and sale price
  13. 11
    Which of the following items is included in the cost of the machinery purchased?
    • ADeductable taxes
    • BDepreciation expenses
    • CRegular maintenance expenses
    • DInstallement fees
    • ETransportation fees undertaken by the seller
  14. 12
    Which part of the cash flow statement is the most important?
    • AAccounting Activities
    • BManagerial Activities
    • COperating Activities
    • DInvesting Activities
    • EFinancing Activities
  16. 13
    -- which is defined as the ability to meet short-term liabilities, is one of the most important points that all users of accounting information, especially investors and creditors, consider. Which of the following should be filled in the blank above?
    • ASolvency
    • BTurnover
    • CProfitability
    • DFailure
    • ELiquidity
  17. 14
    Which of the following is true for retained earnings?
    • AThey are distributed to the shareholders in the form of dividend.
    • BIt means corporations retain some amount of their net income in the corporation.
    • CRetained earnings is an item of short term liabilities.
    • DIt represents the third parties' claims on assets.
    • ERetained earnings is externally generated equity.
  18. 15
    During the establishment of ZDC Co., shareholders paid 150,000 TL for various fees. Which account will be debited in this transaction?
    • APre-operating costs
    • BE Payables to shareholders
    • CSales and distribution expenses
    • DCost of the goods sold
    • ECash
  19. 16
    For what reason might a corporation buy treasury shares?
    • ATo increase profit
    • BTo increase the number of issued shares
    • CTo increase the number of outstanding shares
    • DTo avoid a takeover and be cautious about outsiders
    • ETo increase the number of authorized shares
  21. 17
    Which of the following is the definition of the amount that companies earned through their profitable operations and that is kept in the company?
    • ASmall stock dividend
    • BPaid-in Capital
    • CDividends
    • DReturn on common stockholders' equity
    • ERetained earnings
  22. 18
    Beginning accounts receivables 600,000 Ending accounts receivable 700,000 Sales 2,000,000 Beginning inventory 100,000 Ending inventory 400,000 By using the given data, what is the collected cash amount from customers?
    • A1,700,000 OF S
    • B1,900,000 l
    • C2,100,000
    • D2,400,000
    • E2,600,000
  23. 19
    Which of the following is not a component of the comprehensive income?
    • AGains (losses) from post-retirement benefit plans
    • BUnrealized gains and losses
    • CForeign-currency translation adjustments
    • DDeferred gains (losses) derivatives.
    • EShare split
  24. 20
    Synotech, Inc. had accounts receivable of 200,000 TL at the beginning of the year and 500,000 TL at the end of the year. Sales Revenue for the year totaled 11,000,000 TL. How much cash did the business collect from customers?
    • A11,300,000
    • B10,800,000
    • C10,700,000
    • Dlof. D) 10,500,000
    • E10,300,000
Şıkları ve doğru cevapları görAccountıng II (ENG) dersinin tüm sınavları, cevap anahtarları, süreli mod ve yanlış analizi uygulamada.Uygulamada aç