16. All of the following are advantages of an increasing cash flow from operations except:
(A) A company is likely to pay its current bills with cash from operations not earnings.
(B) A company with cash is in a better position to fund growth.
(C) Large cash flows eliminate the need for borrowing.
(D) Earnings are viewed better if cash flows from operations closely match profit for the year.

1. The normal order in which the financial statements are prepared is: (A) Balance sheet, income statement, statement of changes in equity. (B) Income statement, statement of changes in equity, balance sheet. (C) Income tax return, income statement, balance sheet. (D) Income statement, statement of cash flows, balance sheet.

2. Financial assets include all of the following except (A) Cash (B) Investments in securities (C) Inventories (D) Accounts receivable

3. Which of the following is not a basic objective of cash management? (A) Provide accurate accounting for cash transactions. (B) Prevent or minimize theft or fraud. (C) Anticipate the need to borrow cash. (D) All three of the above are basic objectives of cash management.

4. Sales to customers using bank credit cards, such as Visa or MasterCard, are recorded as: (A) Cash sales. (B) An account receivable from the cardholder. (C) An account receivable from the bank. (D) Credit card discount expense.

5. Which of the following will cause profit to be overstated for the following year? (A) Current year's ending inventory is understated. (B) Current year's ending inventory is overstated. (C) Next year's beginning inventory is overstated. (D) Next year's ending inventory is understated.

6. A company with a liquid inventory will have: (A) A high inventory turnover and a high average number of days to sell inventory, (B) A high inventory turnover and a low average number of days to sell inventory. (C) A low inventory turnover and a high average number of days to sell inventory. (D) A low inventory turnover and a low average number of days to sell inventory.

7. The logic behind the lower-of-cost-and-net-realizable-value rule is: (A) Inventory gradually becomes obsolete. (B) Inventory that is unsalable should be written down to zero (or its scrap value). (C) An asset is not worth more than it would cost the owner to replace it. (D) An asset is not worth more than it would be sold at its net realizable value.

8. The fair market value of Lewis Company's net identifiable assets is $5,000,000. Martin Corporation purchases Lewis' entire business for S5,800,000. Which of the following statements is not correct? (A) Martin Corporation paid S800,000 for goodwill generated by Lewis Company. (B) Martin feels that Lewis Company has the ability to generate earnings in excess of a normal return on net identifiable assets. (C) Martin will record amortization expense over a period not to exceed 40 years. (D) Martin Corporation will record $800,000 to goodwill, an intangible asset, which will be reported in its balance sheet.

9. Which of the following situations is impossible? (A) Book value is greater than residual value. (B) Book value is equal to the residual value. (C) Book value is less than residual value. (D) Book value is less than the original cost.

10. Off balance sheet financing may involve either: (A) An operating lease. (B) A special purpose entity. (C) Both of the above. (D) Neither of the above.

110年 - 110 國立政治大學_碩士班招生考試_會計學系/會計組、稅務組:會計學#125376

110年 - 110 國立政治大學_碩士班招生考試_財政研究所:會計學#125253

110年 - 110 國立政治大學_碩士班招生考試_財政所:會計學#123405

110年 - 110 國立中央大學_碩士班招生考試_企業管理學系/工商管理丁組(一般生):會計學#103877

110年 - 110 國立宜蘭大學_碩士班招生考試_應用經濟與管理學系應用經濟學及經營管理（聯合招生）：會計學#102103

109年 - 109 東吳大學_轉學生招生考試_商學（進修學士班）二年級︰會計學#105831

109年 - 109 國立宜蘭大學_碩士班招生考試_應用經濟與管理學系應用經濟學碩士班及經營管理：會計學#103274

109年 - 109 東吳大學_轉學生招生考試_會計學系三年級︰會計學（二）#102187

109年 - 109 東吳大學_轉學生招生考試_會計學系二年級︰會計學#102185

107年 - 107 東吳大學_暑假轉學生招生考試_商學(進修學士班)三年級：會計學#105901