[单选题] 提问人:匿名网友 提问时间:2021-08-24

CPA-08240Palmyra Co. has net income of USD 11,000, a positive USD 1,000 net cumulative effect of a change in accounting principle, a USD 3,000 unrealized loss on available-for-sale securities, a positive USD 2,000 foreign currency translation adjustment, and a USD 6,000 increase in its common stock. What amount is Palmyra's comprehensive income?


A .USD 17,000
B .USD 4,000
C .USD 11,000
D .USD 10,000

提问人:匿名网友 提问时间:2021-08-24

参考答案(由小熊题库网聘请的专业题库老师提供的解答)

请点击↑↑↑ 查看官方参考答案 按钮

习题解析

请点击 查看官方参考答案 按钮

您可能感兴趣的题目


1 .(2011年)2010年巴塞尔协议Ⅲ的主要内容有( )。

A 强化资本充足率监管标准 B 引入杠杆率监管标准 C 建立流动性风险量化监管标准 D 确定新监管标准的实施过渡期 E 废除2003年新巴塞尔资本协议的三大新增内容

题型: 多选题 提问时间: 2021-08-24

2 .CPA-00007According to the FASB and IASB conceptual frameworks, the objective of general purpose financial reporting is to:

A Comply with the need for conservatism. B Comply with generally accepted accounting principles. C Provide financial information that is useful to primary users. D Report on how effectively and efficiently management has used the entity's resources.

题型: 单选题 提问时间: 2021-08-24

3 .CPA-00051Lore Co. changed from the cash basis of accounting to the accrual basis of accounting during the current year. The cumulative effect of this change should be reported in Lore's current year financial statements as a:

A Component of income before extraordinary item. B Component of income after extraordinary item. C Prior period adjustment resulting from the change in accounting principle. D Prior period adjustment resulting from the correction of an error.

题型: 单选题 提问时间: 2021-08-24

4 .CPA-00054Under U.S. GAAP, a material loss should be presented separately as a component of income from continuing operations when it is:

A A cumulative effect type change in accounting principle. B Not unusual in nature but infrequent in occurrence. C An extraordinary item. D Unusual in nature and infrequent in occurrence.

题型: 单选题 提问时间: 2021-08-24

5 .CPA-06961What is the purpose of reporting comprehensive income?

A To provide a consolidation of the income of the firm's segments. B To provide information for each segment of the business. C To summarize all changes in equity from nonowner sources. D To reconcile the difference between net income and cash flows provided from operating activities.

题型: 单选题 提问时间: 2021-08-24

7 .CPA-00554On January 2 of the current year, Rafa Co. purchased a franchise with a useful life of ten years for USD 50,000. An additional franchise fee of 3% of franchise operation revenues must be paid each year to the franchisor. Revenues from franchise operations amounted to USD 400,000 during the year. In its December 31 balance sheet, what amount should Rafa report as an intangible asset franchise?

A USD 33,000 B USD 50,000 C USD 45,000 D USD 43,800

题型: 单选题 提问时间: 2021-08-24

8 .CPA-06576Falton Co. had the following first-year amounts related to its USD 9,000,000 construction contract:Actual costs incurred and paidUSD 2,000,000Estimated costs to complete6,000,000Progress billings1,800,000Cash collected1,500,000What amount should Falton recognize as a current liability at year end, using the percentage-of-completion method?

A USD 0 B USD 200,000 C USD 250,000 D USD 300,000

题型: 单选题 提问时间: 2021-08-24

9 .CPA-01274On September 22, Year 4, Yumi Corp. purchased merchandise from an unaffiliated foreign company for 10,000 units of the foreign company's local currency. On that date, the spot rate was USD .55. Yumi paid the bill in full on March 20, Year 5, when the spot rate was USD .65. The spot rate was USD .70 on December 31, Year 4. What amount should Yumi report as a foreign currency transaction loss in its income statement for the year ended December 31, Year 4?

A USD 1,000 B USD 500 C USD 0 D USD 1,500

题型: 单选题 提问时间: 2021-08-24

10 .CPA-00275On July 2, Year 1, Wynn, Inc., purchased as an available-for-sale security a USD 1,000,000 face value Kean Co. 8% bond for USD 910,000 plus accrued interest to yield 10%. The bonds mature on January 1, Year 7, and pay interest annually on January 1. On December 31, Year 1, the bonds had a market value of USD 945,000. On February 13, Year 2, Wynn sold the bonds for USD 920,000. In its December 31, Year 1, balance sheet, what amount should Wynn report for available-for-sale investments in debt securities?

A USD 910,000 B USD 920,000 C USD 945,000 D USD 950,000

题型: 单选题 提问时间: 2021-08-24

 
如有问题 请联系客服
  • 客服微信