Deneme Sınavı Soruları

What represents the relationships between financial statement items to make it possible to assess the financial position and performance of companies?

Which of the following does not increase the capacity or efficiency of an asset or extend its useful life and are reported on the income statement as an expense in the period incurred?

Anadolu Co. paid 300,000 TL to acquire a patent on January 1, 2019. The useful life of the patent is 5 years. What will be the amortization expense in 2019? 

In the first year of the steel, Enterprise dug out 450.000 tons of steel. Cost of steel 30.000 TL. Estimated total units of resource 500.000 tons. What is the depletion expense for the year?

On June 1,  A company purchased 100 piece machine from B company from 5.000 TL on account. The payment is due on September 1.

Which of the following is true about the accounting record to be made according to this information?

Where is trading securities reported in the financial statements?

I. They occur because of present transaction or event.

II. They create a present obligation for future payment of cash or services.

III.They are an unavoidable obligation.

Which of the statement above are among the main characteristics of liabilities?

What is the term of accounts payable?

Assume that the purchase price of the machine is 150,000 TL, transferring costs 5.000 TL and the strengthening operation costed 10,500 TL. What is the total cost of this machine?

Which of the following is the process of allocating the cost of an intangible asset to expense over its useful life?

When Unrealized holding gains or losses on trading investments are realized  in which financial statement will be reported?

Which of the following characteristics is not true for property, plant and equipment assets?

Victor paid 3.500.000 TL to Smart in order to purchase the right of usage of Smart trademark for 5 years. According to this information, what is the first year amortization expense of the intangible asset? 

Which of the following is recorded using the amortized cost instead of fair values?

"............ is defined as 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."

Which of the following best describes the space left blank in the above sentence?

In cases of purchases on credit or borrowings, companies may issue promissory notes as an arrangement to formalize the repayment of a certain amount of cash at a certain date to a third party. If it is expected to be paid in the following fiscal year, how are these promissory notes recorded? 

On January 1, 2012, Freedom Communications purchased a new piece of equipment that cost 35.000. The estimated useful life is five years and estimated residual value is 8.000.  If Freedom uses the straight-line method for depreciation, what is the asset’s book value at the end of 2013?

Which of the following is a long term asset that is classified under natural resources?