AICPA FAR 問題集

質問 1：
Which of the following information should be included in Melay, Inc.'s 1992 summary of significant
accounting policies?
A. Business segment 1992 sales are Alay $1M, Belay $2M, and Celay $3M.
B. During 1992, the Delay component was sold.
C. Property, plant, and equipment is recorded at cost with depreciation computed principally by the
straight-line method.
D. Future common share dividends are expected to approximate 60% of earnings.
正解：C
解説: (Topexam メンバーにのみ表示されます)

質問 2：
Opto Co. is a publicly-traded, consolidated enterprise reporting segment information. Which of the
following items is a required enterprise-wide disclosure regarding external customers?
A. The identity of any external customer considered to be "major" by management.
B. The fact that transactions with a particular external customer constitute more than 10% of the total
enterprise revenues.
C. Information on major customers is not required in segment reporting.
D. The identity of any external customer providing 10% or more of a particular operating segment's
revenue.
正解：B
解説: (Topexam メンバーにのみ表示されます)

質問 3：
On January 2, 1993, Quo, Inc. hired Reed to be its controller. During the year, Reed, working closely with
Quo's president and outside accountants, made changes in accounting policies, corrected several errors
dating from 1992 and before, and instituted new accounting policies.
Quo's 1993 financial statements will be presented in comparative form with its 1992 financial statements.
This question represents one of Quo's transactions. List A represents possible clarifications of these
transactions as: a change in accounting principle, a change in accounting estimate, a correction of an
error in previously presented financial statements, or neither an accounting change nor an accounting
error.
Item to Be Answered
During 1993, Quo determined that an insurance premium paid and entirely expensed in 1992 was for the
period January 1, 1992, through January 1, 1994.
List A (Select one)
A. Correction of an error in previously presented financial statements.
B. Neither an accounting change nor an accounting error.
C. Change in accounting principal.
D. Change in accounting estimate.
正解：A
解説: (Topexam メンバーにのみ表示されます)

質問 4：
The following costs were incurred by Griff Co., a manufacturer, during 1992:

What amount of these costs should be reported as general and administrative expenses for 1992?
A. $810,000
B. $550,000
C. $260,000
D. $635,000
正解：C
解説: (Topexam メンバーにのみ表示されます)

質問 5：
Taft Corp. discloses supplemental industry segment information. The following information is available for
1 992:

Additional 1992 expenses, not included above, are as follows:
Indirect operating expenses $7,200
General corporate expenses 4,800
Segment C's 1992 operating profit was:
A. $2,600
B. $5,000
C. $3,200
D. $2,000
正解：B
解説: (Topexam メンバーにのみ表示されます)

質問 6：
In 1992, hail damaged several of Toncan Co.'s vans. Hailstorms had frequently inflicted similar damage to
Toncan's vans. Over the years, Toncan had saved money by not buying hail insurance and either paying
for repairs, or selling damaged vans and then replacing them. In 1992, the damaged vans were sold for
less than their carrying amount. How should the hail damage cost be reported in Toncan's 1992 financial
statements?
A. The expected average hail damage loss in continuing operations, with no separate disclosure.
B. The actual 1992 hail damage loss as an extraordinary loss, net of income taxes.
C. The expected average hail damage loss in continuing operations, with separate disclosure.
D. The actual 1992 hail damage loss in continuing operations, with no separate disclosure.
正解：D
解説: (Topexam メンバーにのみ表示されます)

質問 7：
During 1990, Fuqua Steel Co. had the following unusual financial events occur:
. Bonds payable were retired five years before their scheduled maturity, resulting in a $260,000 gain.
Fuqua has frequently retired bonds early when interest rates declined significantly.
. A steel forming segment suffered $255,000 in losses due to hurricane damage. This was the fourth
similar loss sustained in a 5-year period at that location.
. A component of Fuqua's operations, steel transportation, was sold at a net loss of $350,000.
This was Fuqua's first divestiture of one of its operating segments.
Before income taxes, what amount should be disclosed as the gain (loss) from extraordinary items in
1 990?
A. $5,000
B. $(350,000)
C. $0
D. $(90,000)
正解：C
解説: (Topexam メンバーにのみ表示されます)

質問 8：
A statement of cash flows for a development stage enterprise:
A. Is not presented.
B. Is the same as that of an established operating enterprise, but does not show cumulative amounts from
the enterprise's inception.
C. Is the same as that of an established operating enterprise and, in addition, shows cumulative amounts
from the enterprise's inception.
D. Shows only cumulative amounts from the enterprise's inception.
正解：C
解説: (Topexam メンバーにのみ表示されます)

質問 9：
Rock Co.'s financial statements had the following balances at December 31:

What amount should Rock report as comprehensive income for the year ended December 31?
A. $400,000
B. $520,000
C. $420,000
D. $570,000
正解：B
解説: (Topexam メンバーにのみ表示されます)