大学MOOC 财务会计F3(西安交通大学)1205774810 最新慕课完整章节测试答案

Thecontextandpurposeoffinancialreporting

1、单选题：
​Which of the following statements is/are true?‍​1  The shareholder needs a statement of financial prospects, ie an indication of future progress. However, the supplier of goods on credit needs a statement of financial position, ie an indication of the current state of affairs.‍​2  The objective of financial statements is to provide information about the financial position, performance and changes in financial position of an entity that is useful to a wide range of users in making economic decisions.‍
选项：
A: 1 only
B: 2 only
C: Both 1 and 2
D: Neither 1 or 2
答案: 【 2 only】

2、单选题：
‎Which of the following are advantages of trading as a limited liability company?‎‎1  Operating as a limited liability company makes raising finance easier because additional shares can be issued to raise additional cash.‎‎2  Operating as a limited liability company is more risky than operating as a sole trader because the shareholders of a business are liable for all the debts of the business whereas the sole trader is only liable for the debts up to the amount he has invested.‎‎‎
选项：
A: 1 only
B: 2 only
C: Both 1 and 2
D: Neither 1 or 2
答案: 【 1 only】

3、单选题：
‏Which of the following best describes corporate governance?‌‏‌
选项：
A: Corporate governance is the system of rules and regulations surrounding financial reporting.
B: Corporate governance is the system by which companies and other entities are directed and controlled.
C: Corporate governance is carried out by the finance department in preparing the financial        accounts.
D: Corporate governance is the system by which an entity monitors its impact on the natural        environment.
答案: 【 Corporate governance is the system by which companies and other entities are directed and controlled.】

Intangiblenon-currentassets

1、单选题：
‌According to IAS 38 Intangible assets, which of the following statements about research and development expenditure are correct?‌‌1   Research expenditure, other than capital expenditure on research facilities, should be recognised as an expense as incurred.‌‌2   In deciding whether development expenditure qualifies to be recognised as an asset, it is necessary to consider whether there will be adequate finance available to complete the project.‌‌3   Development expenditure recognised as an asset must be amortised over a period not exceeding five years.‌
选项：
A: 1, 2 and 3
B: 1 and 2 only
C: 1 and 3 only
D: 2 and 3 only
答案: 【 1 and 2 only】

2、单选题：
​Theta Co purchased a patent on 30 November 20X3 for $25,000. Theta Co expects to use the patent for the next ten years, after which it will be valueless. According to IAS 38 Intangible assets, what is the value of the patent in Theta Go's statement of financial position as at 30 November 20X5?‍
选项：
A: $25,000
B: $20,000
C: $5,000
D: $15,000
答案: 【 $20,000】

3、单选题：
‎The following information is relevant for questions 3 and 4.​‎The following balances existed in the accounting records of Koppa Co, at 31 December 20X7.​‎                                                                 $'000​‎Development costs capitalised, 1 January 20X7                     180​‎Research and development expenditure for the year                 162​‎In preparing the company's statement of profit or loss and other comprehensive income and statement of financial position at 31 December 20X7 the following further information is relevant.​‎(a)   The $180,000 total for development costs as at I January 20X7 relates to two projects:​‎                                                                 $'000​‎     Project 836: completed project                                82​‎     (balance being amortised over the period expected to benefit from it.​‎     Amount to be amortised in 20X7: $20,000)​‎     Project 910: in progress                                      98​‎                                                                  180​‎ (b)   The research and development expenditure for the year is made up of:​‎                                                                 $'000​‎      Research expenditure                                        103​‎      Development costs on Project 910 which continues to satisfy the​‎        requirements in IAS 38 for capitalisation                  59​‎                                                                  162​‎According to IAS 38 Intangible assets, what amount should be charged in the statement of profit or loss and other comprehensive income for research and development costs for the year ended 31 December 20X7?​‎​
选项：
A: $123,000
B: $182,000
C: $162,000
D: $103,000
答案: 【 $123,000】

4、单选题：
‏The following information is relevant for questions 3 and 4.​‏The following balances existed in the accounting records of Koppa Co, at 31 December 20X7.​‏                                                                 $'000​‏Development costs capitalised, 1 January 20X7                     180​‏Research and development expenditure for the year                 162​‏In preparing the company's statement of profit or loss and other comprehensive income and statement of financial position at 31 December 20X7 the following further information is relevant.​‏(a)   The $180,000 total for development costs as at I January 20X7 relates to two projects:​‏                                                                 $'000​‏     Project 836: completed project                                82​‏     (balance being amortised over the period expected to benefit from it.​‏     Amount to be amortised in 20X7: $20,000)​‏     Project 910: in progress                                      98​‏                                                                  180​‏ (b)   The research and development expenditure for the year is made up of:​‏                                                                 $'000​‏      Research expenditure                                        103​‏      Development costs on Project 910 which continues to satisfy the​‏        requirements in IAS 38 for capitalisation                  59​‏                                                                  162​‏According to IAS 38 Intangible assets, what amount should be disclosed as an intangible asset in the statement of financial position for the year ended 31 December 20X7?​‏​
选项：
A: $219,000
B: $180,000
C: $160,000
D: $59,000
答案: 【 $219,000】

Accrualsandprepayments

1、单选题：
‎Mr Bod has paid rent of $2,400 for the period 1 January 20X8 to 31 December 20X8. His first accounts are being drawn up for the nine months ended 30 September 20X8.‏‎What should his first accounts show?‏
选项：
A: Only a rent expense of $2,400
B: A rent expense of $1,800 and a pre-payment of $600
C: A rent expense of $1,800 and accrued income of $600
D: A rent expense of $2,400, with an explanatory note that this is the usual charge for 12 months
答案: 【 A rent expense of $1,800 and a pre-payment of $600】

2、单选题：
‌A company receives rent for subletting part of its office block.‍‌Rent, receivable quarterly in advance, is received as follows：‍‌Date of receipt         Period covered                 $‍‌1 October 20X1    3 months to 31 December 20X1      7,500‍‌30 December 20X1 3 months to 31 March 20X2      7,500‍‌4 April 20X2        3 months to 30 June 20X2       9,000‍‌1 July 20X2        3 months to 30 September 20X2     9,000           ‍‌1 October 20X2         3 months to 31 December 20X2      9,000‍‌What figures, based on these receipts, should appear in the company's financial statements for the year ended 30 November 20X2?‍
选项：
A: Statement of profit or loss   Statement of financial position$34,000 Debit                    Rent in arrears (Dr) $3,000
B: Statement of profit or loss   Statement of financial position$34,500 Credit                   Rent received in advance (Cr) $6,000
C: Statement of profit or loss  Statement of financial position$34,000 Credit                  Rent received in advance (Cr) $3,000
D: Statement of profit or loss  Statement of financial position$34,000 Credit                  Rent in arrears (Dr) $3,000
答案: 【 Statement of profit or loss  Statement of financial position$34,000 Credit                  Rent received in advance (Cr) $3,000】

3、单选题：
‌The year end of M Inc is 30 November 20X0. The company pays for its gas by a standing order of $600 per month. On 1 December 20W9, the statement from the gas supplier showed that M Inc had overpaid by $200. M Inc received gas bills for the four quarters commencing on 1 December 20W9 and ending on 30 November 20X0 for $1,300, $1,400, $2,100 and $2,000 respectively.​‌Which of the following is the correct charge for gas in M Inc's statement of profit or loss for the year ended 30 November 20X0?​
选项：
A: $6,800
B: $7,000
C: $7,200
D: $7,400
答案: 【 $6,800】

4、单选题：
​Alan prepared his draft final accounts, but did not adjust these for a prepayment of $1,500 and an accrual of $400.‎​How will Alan’s profit and net assets be affected by including the prepayment and accrual?‎​       Net Profit will       Net assets will‎
选项：
A: Increase by $1,100     Reduce by $1,100
B: Reduce by $1,900      increase by $1,900
C: Increase by $1,100    Increase by $1,100
D: Reduce by $1,900     Reduce by $1,900
答案: 【 Increase by $1,100    Increase by $1,100】

5、单选题：
‌B, a limited liability company, receives rent for subletting part of its office premises to a number of tenants.​‌In the year ended 31 December 20X4 B received cash of $318,600 from its tenants.​‌Details of rent in advance and in arrears at the beginning and end of 20X4 are as follows：​‌                                                    31 December ​‌                                                  20X4      20X3​‌                                                    $          $​‌Rent received in advance                   28,400     24,600​‌Rent owing by tenants                           18,300     16,900​‌All rent owing was subsequently received​‌What figure for rental income should be included in the statement of profit or loss of B for 20X4?​‌​
选项：
A: $341,000
B: $336,400
C: $300,800
D: $316,200
答案: 【 $316,200】

6、单选题：
‌What are the correct ledger entries to record an accrual in the accounts?​
选项：
A: Dr AssetCr Expenses
B: Dr ExpensesCr Liability
C: Dr LiabilityCr Expenses
D: Dr ExpensesCr Asset
答案: 【 Dr ExpensesCr Liability】

Receivablesandpayables

1、单选题：
​Leung makes an allowance for receivables on the basis of the length of time the debt has been outstanding. The analysis of receivables' balances at 30 May 20X2, and the related allowance is:‍​Length of time debt has been outstanding Allowance required Balances at 30.11.X1‍​Less than 30 days                                                           Nil                              70,866‍​30 days to 59 days                                               10% of balances                   25,250‍​60 days and over                                                  50% of balances                   10,808‍​What should the allowance for receivables be?‍​‍
选项：
A: $2,525
B: $5,404
C: $7,929
D: $10,808
答案: 【 $7,929】

2、单选题：
‏At 30 September 20X2 a company's allowance for receivables amounted to $38,000, which was five per cent of the receivables at that date.‎‏At 30 September 20X3 receivables totalled $868,500. It was decided to write off $28,500 of debts as irrecoverable and to keep the allowance for receivables at five per cent of receivables.‎‏What should be the charge in the statement of profit or loss for the year ended 30 September 20X3 for receivables expense?‎
选项：
A: $42,000
B: $33,925
C: $70,500
D: $32,500
答案: 【 $32,500】

3、单选题：
​In the year to 31 December 20X1, Tracy wrote off an amount of $275 due from a customer who had become bankrupt. She also makes an allowance of 3% of the total receivables balance at the year end. Receivables at 31 December 20X1 were $12,000. The previous year's allowance was for $400.‎​What amount should be written off to the statement of profit or loss for the year to 31 December 20X1?‎
选项：
A: $360
B: $635
C: $315
D: $235
答案: 【 $235】

4、单选题：
‍At the beginning of the year, the allowance for receivables was $850. At the year-end, the allowance required was $1,000. During the year $500 of debts were written off, which includes $100 previously included in the allowance for receivables.‎‍What is the charge to statement of profit or loss for receivables expense for the year?‎
选项：
A: $1,500
B: $1,000
C: $650
D: $550
答案: 【 $650】

5、单选题：
‍What general ledger entries are required to write off an irrecoverable balance due from a customer?‎
选项：
A: Debit    RevenueCredit   Receivables expense
B: Debit    Receivables expenseCredit   Revenue
C: Debit   Receivables expenseCredit  Trade receivables control
D: Debit    Trade receivables controlCredit   Receivables expense
答案: 【 Debit   Receivables expenseCredit  Trade receivables control】

6、单选题：
‏At 1 November 20X5, Sanjay Motors is owed $20,000 by Jackson for servicing and repair work carried out on Jackson's fleet of motor vehicles.‍‏Of the $20,000 outstanding, $3,500 relates to work that Jackson feels was sub-standard. Despite discussions and negotiation, and although Jackson is generally a 'good customer', Sanjay is doubtful that Jackson will ever pay this $3,500.‍‏What allowance for receivables should Sanjay Motors make to account for this doubtful debt?‍
选项：
A: None, Jackson is a good customer so Sanjay Motors should assume they will eventually pay
B: A specific allowance of $20,000 as Jackson may decide not to pay any of their debt
C: A general allowance of $3,500
D: A specific allowance of $3,500
答案: 【 A specific allowance of $3,500】

7、单选题：
‏At the end of its first trading period after commencing business, Khan & Co has a receivables balance of $500,000. It wishes to provide a specific allowance on a debt of $10,000. (The customer that owes this $10,000 is in severe financial difficulty, it is unlikely any of this $10,000 will be recovered).‎‏Khan & Co also wishes to set up a general allowance of 2%.‎‏What is the charge to the statement of profit or loss?‎
选项：
A: $19,800
B: $20,000
C: $10,000
D: $9,800
答案: 【 $19,800】

Provisionsandcontingencies

1、单选题：
‎Which of the following statements about provisions and contingencies is/are correct?​‎1 A company should disclose details of the change in carrying value of a provision from the beginning to the end of the year.​‎2 Contingent assets must be recognised in the financial statements in accordance with the prudence concept.​‎3 Contingent liabilities must be treated as actual liabilities and provided for if it is probable that they will arise.​
选项：
A: 3 only
B: 2 and 3 only
C: 1 and 3 only
D: All three statements are correct
答案: 【 1 and 3 only】

2、单选题：
‍Wanda Co allows customers to return faulty goods within 14 days of purchase. At 30 November 20X5 a provision of $6,548 was made for sales returns. At 30 November 20X6, the provision was re-calculated and should now be $7,634.‍‍What should be reported in Wanda Co's statement of profit or loss for the year to 31 October 20X6 in respect of the provision?‍
选项：
A: A charge of $7,634
B: A credit of $7,634
C: A charge of $1,086
D: A credit of $1,086
答案: 【 A charge of $1,086】

3、单选题：
‏Which of the following best describes a provision according to IAS 37 Provisions, contingent liabilities and contingent assets?‌
选项：
A: A provision is a liability of uncertain timing or amount.
B: A provision is a possible obligation of uncertain timing or amount.
C: A provision is a credit balance set up to offset a contingent asset so that the effect on the statement of financial position is nil.
D: A provision is a possible asset that arises from past events.
答案: 【 A provision is a liability of uncertain timing or amount.】

4、单选题：
‍Doggard Co is a business that sells second hand cars. If a car develops a fault within 30 days of the sale, Doggard Co will repair it free of charge.‏‍At 30 April 20X4 Doggard Co had made a provision for repairs of $2,500. At 30 April 20X5 Doggard Co calculated that the provision should be $2,000.‏‍What entry should be made for the provision in Doggard Co's statement of profit or loss for the year to 30 April 20X5?‏
选项：
A: A charge of $500
B: A credit of $500
C: A charge of $2,000
D: Doggard Co needs to reduce the provision by $500 ie a credit to the statement of profit or loss.
答案: 【 A credit of $500】

5、单选题：
‎Which of the following items does the statement below describe?​‎"A possible obligation that arises from past events and whose existence will be confirmed only by the occurrence or non-occurrence of one or more uncertain future events not wholly within the entity's control"​
选项：
A: A provision
B: A current liability
C: A contingent liability
D: A contingent asset
答案: 【 A contingent liability】

Controlaccounts

1、单选题：
‌Shirley has prepared the following reconciliation of the balance on the receivables ledger control account in her general ledger to the total of the list of balances on customers' personal accounts:‍‌                                                                                 $‍‌Balance on general control account            35,776‍‌Less balance omitted from list of balances         452‍‌                                                                           35,324‍‌Add sales day book undercast                               900‍‌Total of list of balances                                      36,224‍‌What is the correct balance of receivables to be reported on the statement of financial position?‍
选项：
A: $35,324
B: $35,776
C: $36,224
D: $36,676
答案: 【 $36,676】

2、单选题：
‍Which of the following items could appear on the credit side of a receivables ledger control account?‏‍1     Cash received from customers‏‍2     Irrecoverable debts written off‏‍3     Increase in allowance for receivables‏‍4     Discounts allowed‏‍5     Sales‏‍6     Credits for goods returned by customers‏‍7     Cash refunds to customers‏
选项：
A: 1, 2, 4 and 6
B: 1, 2, 4 and 7
C: 3, 4, 5 and 6
D: 5 and 7
答案: 【 1, 2, 4 and 6】

3、单选题：
​The balance on Jane's payables ledger control account is $31,554. Jane has discovered that she has not recorded:‏​(i) A settlement discount of $53 received from a supplier; and‏​(ii) A suppl