Accountıng Iı Çıkmış Sorular, Online Deneme Sınavları, Çalışma, Dersler, Sınava Hazırlanma, vize, final

Soru 1:

Which of the following is false about long-term liabilities?

A) They consist of an expected outflow of resources arising from present obligation. B) They have various covenants or restrictions for the protection of both lenders and borrowers. C) They are the most common way to finance the expansion of a business. D) They are payable within a year or the operating cycle of the company whichever is longer. E) Bonds payable, long-term notes payable and mortgages payable are example of long term liabilities.

Soru 2:

I. Sole proprietorship II. Partnership III. Corporation Which of the above is/are not a separate taxable entity?

A) Only I B) Only II C) I and II D) I and III E) I, II and III

Soru 3:

What are the bond issues that mature in installments called?

A) Term bonds B) Serial bonds C) Callable bonds D) Secured bonds E) Unsecured bonds

Soru 4:

Which of the following cash inflows come from operating activities?

A) The sale of property, plant, equipment, and investments B) The the collection of long term notes receivable C) Issuance of share and selling treasury share D) Receipt of borrowing money E) Interest and dividend income

Soru 5:

What are the dividends which are greater than 20%–25% of the corporation’s issued shares called?

A) Small share dividend B) Large share dividends C) Preffered dividends D) Common share dividend E) Cash dividends

Soru 6:

Which of the following transactions is an example for intangible assets?

A) Pre-operating costs B) Land improvements C) Purchased building D) Acquired land E) Short term investments

Soru 7:

On January 1, 2018 Call Corporation issued bonds for $100,000 due in 5 years with 10 percent interest payable semiannually (twice a year). At the time of issue market rate for such bonds is 12 percent. The principal amount borrowed will be paid back once at maturity. What is the selling price of bonds?

A) 92,791 B) 100,000 C) 56,743 D) 36,048 E) 7,209

Soru 8:

Which of the following consist of an expected outflow of resources arising from present obligations that are payable within a year or the operating cycle of the company whichever is longer?

A) Current Liabilities B) Non-Current Liabilities C) Long-Term Liabilities D) Bond Indenture E) Stated Interest Rate

Soru 9:

1. Cash collections from customers 2. Payments for operating expenses 3. Payments to suppliers 4. Payments of interests and income taxes 5. Payments to employes To calculate operating cash flows for the direct method, what is the correct of the order of the steps listed above?

A) 1-2-3-4-5 B) 1-3-2-4-5 C) 1-3-2-4-5 D) 2-1-4-3-5 E) 3-2-1-5-4

Soru 10:

Which of the following is not true about proprietorships?

A) A proprietorship is owned by a single owner. B) Proprietorship is the smallest and simplest one among the different types of entities. C) A proprietor's equity can be seen as only one item in owner’s equity section of the balance sheet. D) A proprietorship is a separate taxable entity. E) The proprietor is personally liable for the proprietorship’s liabilities.

Soru 11:

________ is a measure of a corporation’s profitability that presents how much profit it generates with each item (TL) of shareholders’ equity. Which of the following completes the sentence best?

A) Net income B) Return on equity C) Average shareholder's equity D) Comprehensive income E) Preferred dividend

Soru 12:

________ are debts incurred in the normal course of a business, resulting from acquisition of inventories and supplies. Which of the following completes the sentence above?

A) notes payable B) unearned revenue C) accounts payable D) short term bank loan E) current portion of long-term bank loans

Soru 13:

Which of the following must be reported in "Cash Flows from Operating Activities" in the cash flow statement?

A) Cash inflows from customers for the sales of merchandise inventory and services B) Cash outflows to purchase property, plant, equipment, and investments C) Cash inflows from the collection of long term notes receivable D) Cash inflows from issuance of share and selling treasury share E) Cash outflows for repayments of loans

Soru 14:

Which of the following describes the bonds issued at discount?

A) Market interest rate is more than the stated interest rate of the bond issued. B) Market interest rate is less than the stated interest rate of the bond issued. C) Stated interest rate is equal to market interest rate. D) Stated interest rate is known but market interest rate is not known E) Selling price of a bond is equal to its face value.

Soru 15:

"It has no effect on cash, but like all other expenses decreases net income. So in order to reconcile net income to net cash flows from operations we have to add it back to net income." Which of the following terms is described above?

A) Gains and Losses on the Sale of Long Term Assets B) Depreciation Expenses C) Changes in the Current Asset and Current Liabilities D) An increase in a current liability E) An decrease in a current liability

Soru 16:

Which of the following is called for bonds issued in the name of the owner?

A) Revenue bonds B) Coupon bonds C) Registered bonds D) Secured bonds E) Serial bonds

Soru 17:

Which of the following is not true about partnerships?

A) The cancellation of the partnership may be caused by one of the partners’ death. B) The partners are personally liable for the partnership’s liabilities. C) The accounting process of a partnership is separate from the personal records of the partners. D) A partnership needs to have at least two or more owners. E) Partnerships are separate taxable entities.

Soru 18:

Which of the following must be reported in "Cash Flows from Financing Activities" in the cash flow statement?

A) Cash inflows from customers for the sales of merchandise inventory and services B) Cash inflows for interest and dividend income C) Cash inflows from the sale of property, plant, equipment, and investments D) Cash inflows from the collection of long term notes receivable E) Cash inflows from receipt of borrowing money

Soru 19:

Anadolu Co. issued 200,000 TL of 12% 5 year bonds on January 1, 2019, interest is payable annually. Market interest rate was 10%. The principal amount borrowed will be paid back once at maturity. Calculate the selling price of bonds and make the necessary journal entry as of the issue date.

A) Debit:Cash - 215,163Credit:Long Term Bonds Payable - 200,000Premium on LT Bonds Payable - 15,163 B) Debit:Cash - 215,163Credit:Long Term Bonds Payable - 15,163Premium on LT Bonds Payable - 200,000 C) Debit:Cash - 215,163Credit:Long Term Bonds Payable - 200,000Discount on Long Term Bonds Payable - 15,163 D) Debit:Cash - 115,163Credit:Long Term Bonds Payable - 100,000Premium on LT Bonds Payable - 15,163 E) Debit:Cash - 115,163Credit:Premium on LT Bonds Payable - 100,000Long Term Bonds Payable - 15,163

Soru 20:

Which of the following is not based on the types of entities?

A) Common share B) Ownership C) Taxation D) Life E) Personal liability of the owners