Deneme Sınavı Soruları

What method does an entity generally use for the depreciation of intangible assets?

If the bond with 100,000 TL fair value is sold for 110,000 TL, the bond is sold

Liability is defined as the _____ obligation of a company arising from _____ events and fulfillment of which causes the outflow of economic benefits in terms of payments of cash, transfer of assets or rendering of services.

Which of the following options completes the definition above? 

Which of the following is included in the entry to record warranty expense? 

What is the amount of cash that the employers receive after all deductions are made called?

Which of the following are included in the cost of land? 

What is the present obligation of a company arising from past events and fulfillment of which causes the outflow of economic benefits in terms of payments of cash, transfer of assets or rendering of services?

On December 12, Anadolu Co. has purchased 5,000 shares of AOF Corp. by paying 2.00 TL for each share. Additionally, the company paid 350 TL for brokerage fees, taxes and other fees. 

When the shares are purchased on December 12, how will Anadolu Co. prepare the record?

Which of the following is defined as the allocation of the natural resources’ cost to expense in a rational and systematic manner over the resource’s useful life?

The definition of "payments to employees on an hourly basis" refers to which of the following?

Anadolu Co. applied for a patent for its newly developed product. For the development process, the company spent 300,000 TL. How will Anadolu Co. record this in the journal?

Which of the following is a contra asset account?

1. The balance of each class of intangible assets should be disclosed on the balance sheet at their book value.
2. Intangibles do not usually use a contra asset account.
3. Companies record amortization of intangibles as a direct decrease (credit) to the asset account.

Which of the statements above is true for intangible assets?

Where does unearned subscription revenue appear on the balance sheet? 

BBB Co. paid 1,500,000 TL to acquire a patent on January 1, 2019. The useful life of the patent is 5 years. Which of the following is the amortization rate for this patent?

Which of the following starts the operating cycle of a merchandising company?

Which of the following is incorrect information about current liabilities?

How are the long-term liability installments that are due within the coming year classified?

1. The cost of the long-lived asset
2. The estimated residual value of the longlived asset
3. The estimated useful life of the long-lived asset

Which of the elements mentioned above is/are must be known in order to measure the depreciation?

A company bought a new machine for 23.000 on January 1. The machine is expected to last four years and to have a residual value of 3.000. If the company uses the double-decliningbalance method, accumulated depreciation at the end of year 2 will be