大学MOOC 财务报告（ACCAF7）(华东交通大学)1450290269 最新慕课完整章节测试答案

第五章测试

1、单选题：
​Geek Co is developing a new product and expects to be able to capitalise the costs. Which of the following would preclude capitalisation of the costs？‎
选项：
A: Development of the product is not yet complete.
B: No patent has yet been registered in respect of the product.
C: No sales contracts have yet been signed in relation to the product.
D: It has not been possible to reliably allocate costs to development of the product.
答案: 【 It has not been possible to reliably allocate costs to development of the product.】

2、单选题：
 Assoria Co had $20 million of capitalised development expenditure at cost brought forward at 1 October 20X7 in respect of products currently in production and a new project began on the same date.‌The research stage of the new project lasted until 31 December 20X7 and incurred $1.4 million of costs. From that date the project incurred development costs of $800,000 per month. On 1 April 20X8 the directors of Assoria Co became confident that the project would be successful and yield a profit well in excess of costs. The project was still in development at 30 September 20X8. Capitalised development expenditure is amortised at 20% per annum using the straight-line method.‌What amount will be charged to profit or loss for the year ended 30 September 20X8 in respect of research and development costs？‌‎‌
选项：
A: $8,280,000
B: $6,880,000
C: $7,800,000
D: $3,800,000
答案: 【 $7,800,000】

3、单选题：
‎Which of the following internally generated items may be eligible for capitalisation as intangible assets in accordance with IAS 38 Intangible Assets? （ignore business combinations.）‎
选项：
A: A customer list
B: A pre-production prototype
C: Goodwill
D: The cost of researching new material
答案: 【 A pre-production prototype】

4、单选题：
At 30 September 20X9 Sandown Co's trial balance showed a brand at cost of $30 million, less accumulated amortisation brought forward at 1 October 20X8 of $9 million. Amortisation is based on a ten year useful life. An impairment review on 1 April 20X9 concluded that the brand had a value in use of $12 million and a remaining useful life of three years. However, on the same date Sandown Co received an offer to purchase the brand for $15 million.‎What should be the carrying amount of the brand in the statement of financial position of Sandown Co as at 30 September 20X9? (Answer to the nearest $'000)‎‍‎
选项：
A: $12,500
B: $10,000
C: $10,500
D: $12,000
答案: 【 $12,500】

5、单选题：
Dempsey Co's year end is 30 September 20X4. Dempsey Co commenced the development stage of a project to produce a new pharmaceutical drug on 1 January 20X4. Expenditure of $40,000 per month was incurred until the project was completed on 30 June 20X4 when the drug went into immediate production. The directors became confident of the project's success on 1 March 20X4. The drug has an estimated lifespan of five years; time apportionment is used by Dempsey Co where applicable.‏What amount will Dempsey Co charge to profit or loss for development costs, including any amortisation, for the year ended 30 September 20X4?‏‌‏
选项：
A: $90,000
B: $92,000
C: $88,000
D: $86,000
答案: 【 $88,000】

第七章测试

1、单选题：
Confidence Co entered into a contract on 1 January 20X5 to build a factory. The total contract revenue was $2.8 million. At 31 December 20X5 the contract was certified as 35% complete. Costs incurred during the year were $740,000 and costs to complete are estimated at $1.4 million. $700,000 has been billed to the customer but not yet paid.‏What amount will be recognised as a contract asset or liability in respect of this contract in the statement of financial position of Confidence Co as at 31 December 20X5?‏‌‏
选项：
A: $271,000 contract asset
B: $509,000 contract asset
C: $271,000 contract liability
D: $509,000 contract liability
答案: 【 $271,000 contract asset】

2、单选题：
On 1 October 20X2 Pricewell Co entered into a contract to construct a bridge over a river. The total contract revenue was $50 million and construction is expected to be completed on 30 September 20X4. Costs to date are:‎           $m‎Materials, labour and overheads                                        12‎Specialist plant acquired 1 October 20X2                            8‎The sales value of the work done at 31 March 20X3 has been agreed at $22 million and the estimated cost to complete (excluding plant depreciation) is $10 million. The specialist plant will have no residual value at the end of the contract and should be depreciated on a monthly basis. Pricewell Co recognises satisfaction of performance obligations on the percentage of completion basis as determined by the agreed work to date compared to the total contract price.‎What is the profit to date on the contract at 31 March 20X3?‎‎‎‎‎
选项：
A: $8,800,000
B: $13,200,000
C: $11,440,000
D: $10,000,000
答案: 【 $8,800,000】

3、单选题：
Sale and repurchase arrangements can be used to disguise the substance of loan transactions by taking them 'off balance sheet'. In this case the legal position is that the asset has been sold but the substance is that the seller still retains the benefits of ownership.‎Which of the following is NOT a feature which suggests that the substance of a transaction differs from its legal form?‎‎‎
选项：
A: The seller of an asset retains the ability to use the asset
B: The seller has no further exposure to the risks of ownership
C: The asset has been transferred at a price substantially above or below its fair value.
D: The 'sold' asset remains on the sellers premises
答案: 【 The seller has no further exposure to the risks of ownership】

4、单选题：
Yling Co entered into a contract in respect of which performance obligations are satisfied over time on 1 January 20X4. The contract is expected to last 24 months. The price which has been agreed for the contract is $5 million. At 30 September 20X4 the costs incurred on the contract were $1.6 million and the estimated remaining cost