Accountıng II (ENG)
2021–2022 Yaz Okulu Çıkmış Soruları
- 20 soru
- Soru metinleri açık; şıklar ve cevap anahtarı uygulamada
- 1Which of the following refers to the profit generated from an investment arising from the change in value?
- APar value
- BAmortization
- CCapital gain
- DConsolidation
- EDividend
- 2If a company develops patent internally through research and development activities, how are the expenditures made throughout the research and development process recorded?
- AAs a Long-term liability
- BAs Capital in the period they incurred
- CAs Sales Discounts in the period they incurred
- DAs Patents in the period they incurred
- EAs Operating Expense in the period they incurred
- 3Which of the following is not among the objectives of a company's investments in other companies?
- APartnering with other companies
- BReceiving dividends
- CBuying merchandise inventory
- DEarning interest revenue
- EControlling other companies
- 4On November 1, Mr. Anadolu borrowed 500,000 TL from the bank with 10% interest rate and 8 months maturity. Both the interest and principal will be paid at the end of maturity. Which of the following journal entry is correct on November?
- AMerchandise Inventory is debited 500.000 TL /Bank Loans is credited 500.000 TL
- BCash is debited 500.000 TL /Bank Loans is credited 500.000 TL
- CInterest Expense is debited 500.000 TL /Interest Payable is credited 500.000 TL
- DCash is debited 500.000 TL /Accounts Payable is credited 500.000 TL
- ENotes Payable is debited 500.000 TL /Bank Loans is credited 500.000 TL
- 5The two basic sources of shareholders' equity Wich of the following completes the sentence above?
- APaid-in Capital and Retained Earnings
- BRetained earnings and profit
- CRetained earnings and dividends
- DCorporation's assets and capital
- ECorporation's cash and capital
- 6Which of the following refers the payments to employees on an hourly basis?
- ASalary
- BPension
- CWage
- DGross pay
- ENet pay
- 7Which one of the following is a distribution of either cash, other property, or shares of stock that is paid out of earnings to a firm's shareholders?
- AStock issuing
- BStock repurchase
- CProfitability
- DDividends
- ERetained earnings
- 8Which of the following is not priorities of a preferred share?
- APreferred share may provide a cumulative dividend
- BPriority to the assets in the event of liquidation
- CPriority in relation to dividends
- DProviding effective security for the shareholders
- EPriority in relation to voting right
- 9The following data are available for Selby Company: Beginning balance of Accounts Payable 45,000 TL Ending balance of Accounts Payable 75,000 TL Beginning Inventory 100,000 TL Ending Inventory 60,000 TL Cost of Goods Sold 600,000 TL Payment of cash dividends 30,000 TL Cash payments for inventory is ---- TL Wich of the following completes the sentence above?
- A560,000
- B530,000
- C525,000
- D495,000
- E70,000
- 10When securities are reclassified between the available for sale and trading categories, what value is used in valuation of securities?
- AAmortized Value
- BNominal Value
- CFace Value
- DFair Value
- EPer Value
- 11Assume that (B) Inc has 30,000 outstanding preferred shares of 4%, 12 TL par preferred share. And that (B) Inc. has already determined the total dividend of 20,000 TL. What is the common dividend amount?
- A5,600
- B10,600 aof
- C14,400
- D16,200
- E20,000
- 12The company made an expenditure for 20,000 TL in order to increase the capacity of the machine. Which of the following account is debited for this transaction?
- AGeneral & administrative expense
- BService expense
- CCash
- DMachinery & Equipment
- ESales revenue
- 13Which of the following statement is true for corporations?
- AThe owners in a corporation are called partners.
- BA corporation is a legal entity separate from Its owners.
- CShareholders are personally responsible for the corporation's liabilities.
- DShareholders can not transfer corporation's shares to another one.
- ECorporations are not taxable entities.
- 14Which one of the following is a typical non-current (long term) liability?
- ABonds payable
- BAccounts Payable
- CSales taxes payable
- DE Prepaid expenses
- EUnearned revenue
- 15Which of the following can be defined as the ability to meet short-term liabilities?
- AInstallment
- BLiquidity
- CPrincipal
- DInterest
- EPremium
- 16How is depreciable cost calculated?
- ADepreciable Cost = Capitalized Cost of the Asset x Estimated Residual Value
- BDepreciable Cost = Capitalized Cost of the Asset / Its Useful life (year)
- CDepreciable Cost = Estimated Residual Value x Useful life (year)
- DDepreciable Cost = Capitalized Cost of the Asset - Estimated Residual Value
- EDepreciable Cost = Capitalized Cost of the Asset/ Estimated Residual Value
- 17Which 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?
- ACapitalization
- BDepreciation
- CAmortization
- DTransaction
- EDepletion
- 18I. Mortgages payable Il. Pension liabilities Ill. Lease liabilities Which of the debts listed above is an example of long term debts?
- A1, Il and Ill
- BI and i!!
- COnly !
- DI and III
- EOnly III
- 19A company purchases a machinery for 60,000 TL, and pays 5,000 TL for transportation and the initial installment costs 10,000 TL. The company foresees no a residual value at the end of 5 years of its useful life. What is the depreciation expense of this machinery according to Straight-line Depreciation Method?
- A12,000 TL
- B13,000 TL
- C16,000 TL
- D18,000 TL
- E15,000 TL
- 20Company "ANT" sold merchandise inventory and received 600 TL cash from the customer. In which section of Cash Flows Statement will it be reported?
- ACash Outflows from Operating Activities (COFO)
- BCash Inflows from Investing Activities (CFI)
- CCash Inflows from Operating Activities (CFO)
- DCash Outflows from Investing Activities lof. (COFI)
- ECash Flows from Financing Activities (CFF)