CPA FR 問題集

質問 1：
2,000 share options granted to each of 3 directors on 1 January 2010 subject to them being still employed as at 31 December 2012, the date of vesting.
The fair value of each option on 1 January 2010 was $10.
Options will vest when the share prices reach $14.
The share price as at 31 December 2010 was $8 and is not anticipated to rise in the next two years and only 2 directors will still be with the company as at 31 December 2012.
What is the appropriate treatment for share options in the financial statement for the year ended 31 December 2010?
A. Cost and equity balance in financial statement at 31 December 2012 is $20,000
B. Cost and equity balance in financial statement at 31 December 2012 is $18,667
C. Cost and equity balance in financial statement at 31 December 2012 is $13,333
D. Cost and equity balance in financial statement at 31 December 2012 is $30,000
正解：C

質問 2：
Back plc has one associated company, Beyond Ltd, in which Back plc holds 40% of the issued 100,000 $1 ordinary shares. The financial controller of Back plc is unsure how the following transactions should be reflected in the consolidated statement of cash flows and has asked you to confirm the overall impact.
1)In the previous accounting period, Back plc had made a cash advance of $100,000 to Beyond Ltd. During the current accounting period, Beyond Ltd repaid $30,000 of this cash advance.
2)During the current accounting period, Beyond Ltd sold an item of property, plant and machinery at its carrying amount for $20,000 cash.
3)During the current accounting period, Beyond Ltd paid a dividend of 20c per share.
In accordance with IAS 7 Statement of Cash Flows, what is the impact of the above cash transactions on Back plc's consolidated statement of cash flows for the current accounting period?
A. Cash from repayment of cash advance from associate $30,000; cash from sale of associate's plant $20,000
B. Cash from sale of associate's plant $20,000; dividend paid by associate $20,000
C. Cash from repayment of cash advance from associate $30,000; dividend received from associate $8,000
D. Dividend received from associate $8,000
正解：C

質問 3：
Tradus buys a non-current asset on three months credit on 15 December 2012 for 90,000 Roubles. Rates are as follows:
DateRate
15 December 2012$1:10 Roubles
31 December 2012$1:9 Roubles
What are the journal entries to record the transaction at year end?
A. DrRetained earnings$1,000 CrIncome statement$1,000
B. DrPayable$1,000 CrIncome statement$1,000
C. DrIncome statement$1,000 CrPayable$1,000
D. DrReceivable$1,000 CrRetained earnings$1,000
正解：C

質問 4：
According to the IASB's Conceptual Framework for Financial Reporting, which of the following does an entity's income statement, statement of financial position and statement of cash flows primarily measure?
Income statement Statement ofStatement of financial position cash flows
A. Financial position Financial performance Financial adaptability
B. Financial performanceFinancial adaptability Financial position
C. Financial performanceFinancial position Financial adaptability
D. Financial adaptability Financial position Financial position
正解：C

質問 5：
Parrot Ltd had the following balances in its accounts at 30 April 2006 and 30 April 2007.
30 April 200630 April 2007 $$ Cash in hand1,0001,100 Bank overdraft41,627Cash at bank-21,932 Long term bank loan50,00025,000
In accordance with IAS 7 Statement of Cash Flows, what amount should be shown under net change in cash and cash equivalents in the company's statement of cash flows for the year ended 30 April 2007?
A. $16,695 decrease
B. $63,559 increase
C. $63,659 increase
D. $20,295 decrease
正解：C

質問 6：
MacDougal Cereal sold 100 barrels of Cereal No 1 to the Scots Bank, on 30 June 2013 for $100 per barrel. When Cereal No 1 is mature in two years, it will be worth $500 per barrel. MacDougal retains custody of the barrels. The sale contract contains a clause requiring MacDougal to repurchase the barrels on 30 June 2015 for $150 per barrel.
How should this transaction berecognized?
A. $100 per barrelrecognizedas sales revenue in 2013 and $500 as the value of inventory in 2015.
B. Record $100 per barrel cash received from the bank as loan andrecognizebarrels as inventory. $50 per barrel should be accounted for as loan interest over the two year period.
C. $100 per barrelrecognizedas sales revenue in 2013 and $150 as the value of inventory in 2015.
D. Only record $50 per barrel as the value of inventory in 2015.
正解：B

質問 7：
Bony plc purchased equipment on 1 April 2010 for $100,000. The equipment was depreciated using the reducing balance method at 25% per annum.
Bony plc prepares accounts to 31 March annually. Depreciation was charged up to and including 31 March 2012. At that date, the recoverable amount of this equipment was $42,000.
According to IAS 36 Impairment of Assets, what was the impairment loss on this equipment calculated on 31 March 2012?
A. Nil
B. $8,000
C. $14,250
D. $25,000
正解：C

質問 8：
The following statements relate to intangible assets.
1) An intangible asset should beamortizedon a systematic basis over the asset's useful life.
2) Internally generated goodwill may be carried in the statement of financial position if the value can be determined with reasonable certainty.
3) Internally generated brands can never berecognizedas intangible assets.
Which of the above statements are consistent with IAS 38 Intangible Assets?
A. 3 only
B. 1 and 3 only
C. 1 and 2 only
D. 2 only
正解：A