複選題
10. The financial statements for year one will include the following information
(A) Plant assets €750,000.
(B) Accumulated depreciation €200,000.
(C)Depreciation expense €50,000.
(D) Revaluation surplus €50,000.

1. To be a faithful representation as described by the International Accounting Standards Board’s (IASB’s) Conceptual Framework, information must be all of the following except: (A) Confirmatory. (B) Neutral. (C)Complete. (D) Free from error.

2. Which of the following basic assumptions of accounting (used by the International Accounting Standards Board) makes depreciation and amortization policies justifiable and appropriate? (A) Periodicity. (B) Monetary unit. (C)Going concern. (D) Decision usefulness

3. Which of the following is not treated as a change in accounting policy? (A) A change from cost-recovery to percentage-of-completion (B) A change from average cost to FIFO for inventory valuation (C)A change to a different method of depreciation for plant assets (D) A change from full-cost to successful efforts in the extractive industry

4. An example of a correction of an error in previously issued financial statements is a change (A) in the service life of plant assets, based on changes in the economic environment. (B) from the FIFO method of inventory valuation to the average cost method. (C)from the cash basis of accounting to the accrual basis of accounting. (D) in the tax assessment related to a prior period.

5. KKK, Inc.estimates the cost of its physical inventory at March 31 for use in an interim financial statement. The rate of markup on cost is 25%. The following account balances are available: The estimate of the cost of inventory at March 31 would be(A) £144,000. (B) £84,000. (C)£159,000. (D) £112,000.

6. In an exchange with commercial substance, HHH Company traded equipment with a cost of ¥8,200,000 and book value of ¥3,120,000 and gave ¥4,698,000 cash. The old machine had a fair value of ¥2,960,000. Which of the following journal entries would HHH make to record the exchange?(A) (B)(C)(D)

7. On September 19, 2018, MMM Co. purchased machinery for £190,000. Residual value was estimated to be £10,000. The machinery will be depreciated over eight years using the sum-of-the-years'-digits method. If depreciation is computed on the basis of the nearest full month, MMM should record depreciation expense for 2019 on this machinery of (A) £40,903. (B) £38,750. (C)£38,845. (D) £35,000.

8. The journal entry to record depreciation for year one will include a (A) debit to Accumulated Depreciation for €200,000. (B) debit to Depreciation Expense for €200,000. (C)debit to Depreciation Expense for €50,000. (D) credit to Accumulated Depreciation for €50,000. 

9. The journal entry to adjust the plant assets to fair value and record revaluation surplus in year one will include a (A) debit to Accumulated Depreciation for €50,000. (B) credit to Revaluation Surplus for €150,000. (C)credit to Depreciation Expense for €150,000. (D) credit to Plant Assets for €150,000.

11. The entry to record depreciation for this same asset in year two will include a (A) debit to Accumulated Depreciation for €200,000. (B) credit to Accumulated Depreciation for €150,000. (C)debit to Depreciation Expense for €200,000. (D) debit to Depreciation Expense for €250,000.

107年 - 107 東吳大學_暑假轉學生招生考試_會計學系三年級：會計學（二）#105769