AICPA FAR 問題集

質問 1：
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 2：
A segment of Ace Inc. was discontinued during 1992. Ace's loss from discontinued operations should not:
A. Exclude operating losses from the date the decision to dispose of the segment was made until the end
of 1992.
B. Include employee relocation costs associated with the decision to dispose.
C. Include additional pension costs associated with the decision to dispose.
D. Include operating losses of the current period up to the date the decision to dispose of the segment
was made.
正解：A
解説: (Topexam メンバーにのみ表示されます)

質問 3：
Which of the following statements is incorrect regarding the inputs that can be used to measure fair
value?
I. Level I inputs are the most reliable fair value measurements and Level III inputs are the least reliable.
II. Level I measurements are quoted prices in active markets for identical or similar assets or liabilities.
III. A fair value measurement based on management assumptions only (no market data) would not be
acceptable per GAAP.
IV. The level in the fair value hierarchy of a fair value measurement is determined by the level of the
highest level significant input.
A. II, III, IV.
B. I, II, IV.
C. I only.
D. I, II, III, IV.
正解：A
解説: (Topexam メンバーにのみ表示されます)

質問 4：
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 5：
The following items were among those that were reported on Lee Co.'s income statement for the year
ended December 31, 1989:

The office space is used equally by Lee's sales and accounting departments. What amount of the above
listed items should be classified as general and administrative expenses in Lee's multiple-step income
statement?
A. $325,000
B. $410,000
C. $500,000
D. $290,000
正解：D
解説: (Topexam メンバーにのみ表示されます)

質問 6：
Hyde Corp. has three manufacturing divisions, each of which has been determined to be a reportable
segment. In 1989, Clay division had sales of $3,000,000, which was 25% of Hyde's total sales, and had
operating costs of $1,900,000, as reported to the CFO. In 1989, Hyde incurred operating costs of
$ 500,000 that were not directly traceable to any of the divisions. In addition, Hyde incurred corporate
interest expense of $300,000 in 1989. In reporting segment information, what amount should be shown as
Clay's operating profit for 1989?
A. $900,000
B. $975,000
C. $875,000
D. $1,100,000
正解：D
解説: (Topexam メンバーにのみ表示されます)

質問 7：
On August 31, 1992, Harvey Co. decided to change from the FIFO periodic inventory system to the
weighted average periodic inventory system. Harvey is on a calendar year basis. The cumulative effect of
the change is determined:
A. As of January 1, 1992.
B. During 1992 by a weighted average of the purchases.
C. As of August 31, 1992.
D. During the eight months ending August 31, 1992, by a weighted average of the purchases.
正解：A
解説: (Topexam メンバーにのみ表示されます)

質問 8：
On December 2, 20X1, Flint Corp.'s board of directors voted to discontinue operations of its frozen food
division and to sell the division's assets on the open market as soon as possible. The division reported net
operating losses of $20,000 in December and $30,000 in January. On February 26, 20X2, sale of the
division's assets resulted in a gain of $90,000. Assuming that the frozen foods division qualifies as a
component of the business and ignoring income taxes, what amount of gain/loss from discontinued
operations should Flint recognize in its income statement for 20X2?
A. $60,000
B. $90,000
C. $40,000
D. $0
正解：A
解説: (Topexam メンバーにのみ表示されます)

質問 9：
The cumulative effect of a change in accounting estimate should be shown separately:
A. On the income statement above income from continuing operations.
B. On the retained earnings statement as an adjustment to the beginning balance.
C. On the income statement after income from continuing operations and before extraordinary items.
D. It should not be recorded separately on any financial statement.
正解：D
解説: (Topexam メンバーにのみ表示されます)