Deneme Sınavı Soruları

1. The interest rate
2. Maturity date and maturity amount
3. Possible restrictions on dividends
4. Repayment plans
5. Other provisions relating to the debt

Which of the matters above does a bond indenture deal with?

What is the effective interest method?

Lifetime earnings: 1.000.000 TL

Lifetime losses: 200.000 TL

Lifetime dividends: 700.000 TL

According to the above; please calculate the retained earnings account’s credit balance of the firm.

1. A long-term note is a promissory note that represents a loan from a bank or other creditor.
2. Long-term notes payable is similar to short-term notes payable except that the term of the notes exceeds one year.
3. The basic difference between short term notes payable and long-term notes payable is the maturity date.
4. Long-term notes payable is typically reported in the long-term liabilities section of the balance sheet.

Which of the statements above related to long term notes payable are correct?

If a corporation wants to pay cash dividends, Which of the following conditions are required below?

1. Sufficient retained earnings
2. Adequate cash
3. Declared dividends by the board of directors

What is an entity owned by two or more owners?

Which of the following is a cash flow from investing activities? 

Which one of the following is a disadvantage of a corporation?

Which of the following is not a component of comprehensive income

What is the discount amortized in the first $5,000 interest payment of bond with a selling price of $106,250 and with semiannual interest payments, if the market interest rate is 7%? 

Which of the following statements is the main characteristics of bearer bonds?

What is the “owners’ claims in business”?

Which of the following is not one of the characteristics of intangible assets?

1. They have a value for a specific company
2. Some of them have unlimited life
3. Their values fluctuate highly because their benefits are based on competition.

Which of the features mentioned above is a distinctive qualification of intangible assets?

Held-to-maturity securities include only debt securities because equity securities do not have a maturity. 

Which of the above statements is based on accounting principles?

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?

How is the security classified when a company purchases a debt security with the aim of reselling for a higher price?

Anadolu Co. sells its machine for 150,000 TL. When the machinery was purchased three years ago the capitalized cost of the machinery was 350,000 TL (The machine is estimated to have been used used for 5 years). Anadolu Co. applies straight-line depreciation method and the machinery has an accumulated depreciation of 210,000 TL. How will Anadolu Co. record this sale in the journal?