18. The SS Company's inventory was partially destroyed on July 4, 2014, when its warehouse caught on fire early in the morning. Inventory that had a cost of $8,000 was saved.The accounting records, which were located in a fireproof vault, contained the following information:

 Using the gross profit method, what is the estimated cost of the inventory destroyed by the fire?
(A) $24,500
(B) $37,000
(C) $17,000
(D) $29,500 

1. Which of the following is not a benefit associated with the IASB Conceptual Framework Project? (A) Business entities will need far less assistance from accountants because the financial reporting process will be easy to apply. (B)A conceptual framework should increase financial statement users’ understanding of and confidence in financial reporting. (C) Practical problems should be more quickly solvable by reference to an existing conceptual framework. (D)A coherent set of accounting standards and rules should result.

2. Which of the following would not be considered as a cash equivalent? (A) commercial paper (B)certificates of deposit (C) treasury bills (D)money market fund securities

3. An advantage of basing bad debt expense on the historical relationship between bad debts and net credit sales is that (A) it adheres to the matching concept (B)it considers the balance in the allowance account when making the bad debt expense estimate (C) it provides the best estimate of the net realizable value of accounts receivable (D)it provides excellent information to the credit department to use in its collection activities

4. Which of the following statements regarding the gross and net methods for trade accounts payable is not true? (A) the gross method is more widely used in practice (B)the net method overstates accounts payable at the end of the accounting period (C) the net method highlights management inefficiency because purchase discounts lost are recorded whenever an invoice is paid after the cash discount period has expired (D)the net method more accurately measures liquidity

5. One element of the objective of financial reporting is to provide (A) information that is useful in assessing cash flow prospects. (B)information that will attract new investors. (C) information about the investors in the business entity. (D)information about the liquidation values of the resources held by the enterprise. 

6. What is a possible danger if politics plays too big a role in developing IFRS? (A) The IASB delegates its authority to elected officials. (B)Individuals may influence the standards. (C) User groups become active. (D)Financial reporting standards issued are not truly generally accepted.

7. Application of the full disclosure principle (A) is theoretically desirable but not practical because the costs of complete disclosure exceed the benefits. (B)is demonstrated by the use of supplementary information explaining the effects of financing arrangements. (C) requires that the financial statements be consistent and comparable. (D)is violated when important financial information is buried in the notes to the financial statements.

8. Information in the income statement helps users to (A) provide a basis for predicting future performance. (B)evaluate the past performance of the enterprise. (C) help assess the risk or uncertainty of achieving future cash flows. (D)All of these.

9. A change in accounting principle requires what kind of adjustment to the financial statements? (A) Current period adjustment. (B) Retrospective adjustment. (C) Current and prospective adjustment. (D) Prospective adjustment.

10. Which of the following costs should not be included on the statement of financial position as part of the cost of inventory? (A) Conversion costs. (B)Abnormal freight. (C) Import duties. (D)All of the choices are included on the statement of financial position as part of the cost of inventory.

110年 - 110 國立臺灣大學_碩士班招生考試試題_會計學研究所：中級會計學#124008

110年 - 110 國立台北商業大學_碩士班招生考試_會計資訊系會計財稅：中級會計學#110800

110年 - 110 國立高雄科技大學_碩士班招生考試_會計資訊系：中級會計學(甲、乙組)#110491

110年 - 110淡江大學_碩士班招生考試_會計學系︰中級會計學#100336

110年 - 110東吳大學_碩士班招生考試_會計學系︰中級會計學#100138

109年 - 109國立臺灣大學_碩士班招生考試_會計學研究所:中級會計學#110835

109年 - 109 輔仁大學_碩士班招生考試_會計學系：中級會計學#105731

109年 - 109中原大學_碩士班招生考試_會計學系︰中級會計學#101454

109年 - 109東吳大學_碩士班招生考試_會計學系︰中級會計學#100474

108年 - 109東吳大學_碩士班招生考試_會計學系：中級會計學#111293