眾所周知，USCPA考試是全英文作答，所以對于很多報考美國注冊會計師的考生而言，盡快熟悉全英文的答題環(huán)境也是非常重要的，為了幫助大家更好的備考，幫考網(wǎng)為大家分享了美國注冊會計師USCPA考試FAR財務(wù)會計與報告練習(xí)試題，詳情如下：

1. At December 31, Year 1, Grey, Inc. owned 90% of Winn Corp., a consolidated subsidiary, ａｎｄ　20% of Carr Corp., an investee in which Grey cannot exercise significant influence. On the same date, Grey had receivables of $300,000 from Winn ａｎｄ　$200,000 from Carr. In its December 31, Year 1 consolidated balance sheet, Grey should report accounts receivable from affiliates of:

a. $200,000

b. $230,000

c. $500,000

d. $340,000

答案：a

2. P Co. purchased term bonds at a premium on the open market. These bonds represented 20 percent of the outstanding class of bonds issued at a discount by S Co., P\'s wholly owned subsidiary. P intends to hold the bonds until maturity. In a consolidated balance sheet, the difference between the bond carrying amounts in the two companies would be:

a. Included as an increase to retained earnings.

b. Reported as a deferred credit to be amortized over the remaining life of the bonds.

c. Included as a decrease to retained earnings.

d. Reported as a deferred debit to be amortized over the remaining life of the bonds.

答案：c

3. Gains ａｎｄ　losses from changes in the fair value of a derivative designated ａｎｄ　qualified as a fair value hedge should be:

a. Recognized as a component of other comprehensive income in the period in which the fair value of the derivative changes.

b. Recognized in current net income in the period in which the fair value of the derivative changes.

c. Disregarded until the derivative is settled.

d. Recognized as a deferred debit ｏｒdeferred credit in the balance sheet until the derivative is settled.

答案：a

4.North Corp. has an employee benefit plan fｏｒcompensated absences that gives employees 10 paid vacation days ａｎｄ　10 paid sick days. Both vacation ａｎｄ　 sick days can be carried over indefinitely. Employees can elect to receive payment in lieu of vacation days; however, no payment is given fｏｒsick days not taken. At December 31, North\'s unadjusted balance of liability fｏｒcompensated absences was $21,000. North estimated that there were 150 vacation days ａｎｄ　75 sick days available at December 31. North\'s employees earn an average of $100 per day. In its December 31 balance sheet, what amount of liability fｏｒ compensated absences is North required to report?

a. $21,000

b. $22,500

c. $36,000

d. $15,000

答案：D

5. Big Brown Corporation\'s derivative investments had the following fair values at December 31, Year 1 ａｎｄ　December 31, Year 2:

12/31/Year 1 12/31/Year 2

Speculative derivatives

$280,000 $310,000

Derivatives used as fair value hedges

$600,000 $745,000

Derivatives used as cash flow hedges

$430,000 $510,000

6.The derivatives used as fair value hedges ａｎｄ　cash flow hedges were both considered highly effective in Year 2. What amount of gain from these derivative investments should Big Brown report in its Year 2 net income ａｎｄ　other comprehensive income?

Net Income OCI

a. $0 $255,000

b. $80,000 $175,000

c. $175,000 $80,000

d. $255,000 $0

答案：c

7.On June 19, Don Co., a U.S. company, sold ａｎｄ　delivered merchandise on a 30-day account to Cologne GmbH, a German corporation, fｏｒ200,000 euros. On July 19, Cologne paid Don in full. Relevant currency exchange rates were:

June 19 July 19

Spot rate $.988 $.995

30-day forward rate .990 1.000

What amount should Don record on June 19 as an account receivable fｏｒits sale to Cologne?

a. $199,000

b. $198,000

c. $197,600

d. $200,000

答案：c

以上就是今天分享的全部內(nèi)容了，希望本文對各位有所幫助，預(yù)祝各位取得滿意的成績，如需了解更多關(guān)于USCPA考試的相關(guān)資訊，請持續(xù)關(guān)注幫考網(wǎng)!