Deneme Sınavı Soruları

Anadolu Co. made an expense for 20,375 TL for the regular maintenance of the office store used in marketing department. How will Anadolu Co. record this expense in the journal?

In the first year of the coal mine, a company digs out 20000 tons of coal.

Cost of mine: 40000 TL

Estimated total units of resource: 80000

Tons mined during the year: 20000

Residual Value: 0 TL

What is the depletion expense of the first year?

Which of the following investment instruments is an example of a debt security?

Which one of the type of disposal are NOT one of the four steps?

When a company purchases a debt security with the aim of reselling for a higher price, this security is classified as ....

Which of the following is accurate for the blank above?

Which of the following is false regarding current liabilities and liquidity?

1. Discarding (retiring) of property, plant and equipment assets
2. Sell the long-lived asset for cash.
3. Exchange the long-lived asset for another long-lived asset.

Which of the above is/are the form(s) of the disposal of property, plant and equipment assets?

1. The assets that can be converted into cash, sold, collected and consumed within one year or operation cycle which is shorter
2. The assets that will be used in operations for more than a year.
3. Receivables that have due dates of more than one year
4. A factory building rented to use in the operations

Which of the above can be recognized as non-current assets?

1. Modification
2. Engine Renewal
3. Oil Change
4. Minor Engine Repairs

Which of the expenditures made for above will be recorded as period expenses?

A company spends some money on the painting of  the interior of its building. In this situation, how will the company record its expenditure in its journal?

1. Intangible assets are usually reported in the balance sheet in a separate section following Property, Plant and Equipment assets.
2. The balance of each class of intangible assets should be disclosed on the balance sheet at their book value.
3. Accumulated Depreciation used for plant assets.

Which of the statements above is true for the reporting for intangible assets and natural resources?

Which of the following is not an intangible assest?

When an expense incurs but is not paid yet, how it should be recorded?

A coal mine cost 1,008,000 TL  and is estimated to hold 53,000 tons of coal. There is no residual value. During the first year of operations, 11,000 tons are extracted and sold. What is the  depletion per unit ?

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

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

What is the value of securities reported in the financial statements?

The journal entry in the figure was made for which transaction?

What is the investor company called?