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

Soru 1:

Which of the following name is represented in balance sheet if Ownership Percentage of the investor is between 20% and 50%?

A) Available for Sale B) Trading Security C) Affiliate D) Subsidiary E) Investee

Soru 2:

_____ is defined as the price that would be received to sell an asset or paid to transfer a liability in an orderly transaction between market participants at the measurement date. Which option completes the sentence above?

A) Prepaid expense B) Fair value C) Unearned revenue D) Discount on bond E) Premium on bond

Soru 3:

A company pays 3000 TL to acquire a patent. The useful life of the patent is 5 years. What is the annual amortization expense of it?

A) 600 TL B) 1500 TL C) 3000 TL D) 3500 TL E) 15000 TL

Soru 4:

All intangible assets are subject to a(n) ... impairment test to determine if the assets justify their value on the balance sheet.

A) mensal B) semiannual C) annual D) biennial E) ten-year

Soru 5:

Anadolu Co. paid 2,000,000 TL for a 10-year franchise that will expire on December 31, 2029. Make the journal entries for the purchasing of the franchise and the adjusting entry for the first year.

A) Jan. 1, 2019Debit: Franchises & Licenses - 2,000,000Credit: Cash - 2,000,000Dec. 31, 2019Debit: Amortization Expense - 200,000Credit: Franchises & Licenses - 200,000 B) Jan. 1, 2019Debit: Franchises & Licenses - 2,000,000Credit: Cash - 2,000,000Dec. 31, 2019Debit: Franchises & Licenses - 200,000Credit: Amortization Expense - 200,000 C) Jan. 1, 2019Debit: Cash - 2,000,000Credir: Franchises & Licenses - 2,000,000Dec. 31, 2019Debit: Amortization Expense - 200,000Credit: Franchises & Licenses - 200,000 D) Jan. 1, 2019Debit: Cash - 2,000,000Credir: Franchises & Licenses - 2,000,000Dec. 31, 2019Debit: Franchises & Licenses - 200,000Credit: Amortization Expense - 200,000 E) Jan. 1, 2019Debit: Cash - 2,000,000Credir: Goodwill - 2,000,000Dec. 31, 2019Debit: Amortization Expense - 200,000Credit: Goodwill - 200,000

Soru 6:

Which of the following makes makes the present value of all future cash receipts equal to the purchase price of security?

A) Fair Value B) Face value C) Effective interest rate D) Revalued Cost E) Market Value

Soru 7:

Which of the following is the cash or cash equivalent price of obtaining the asset plus all necessary taxes, purchase commissions and all other amounts paid to ready the asset for its intended use?

A) Depreciation B) Long-lved asset C) Economic Life D) Property E) Cost

Soru 8:

What is the term used to refer to a potential liability because it depends on a future event?

A) Contingent liability B) Accruals C) Unearned revenue D) Estimated liability E) Notes payable

Soru 9:

A company bought a new machine for 23.000 on January 1. The machine is expected to last four years and to have a residual value of 3.000. If the company uses the double-decliningbalance method, accumulated depreciation at the end of year 2 will be

A) 23.000 B) 20.000 C) 17.250 D) 25.000 E) 18.000

Soru 10:

The balance of each class of intangible assets should be disclosed on the balance sheet at their book value. Intangibles do not usually use a contra asset account. Companies record amortization of intangibles as a direct decrease (credit) to the asset account. Which of the statements above is true for intangible assets?

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

Soru 11:

Which of the following is granted by a governmental body permits a company to use public property in performing its services?

A) Patents B) Trademarks C) Copyrights D) Licenses E) Franchise

Soru 12:

Which is the amount that the seller receives from customers in order to pay to government at year-end_

A) VAT B) VAT-Received C) VAT-Paid D) VAT-Deductible E) VAT Tax Liability

Soru 13:

When a company purchases a debt security with the aim of reselling for a higher price, this security is classified as .... Which of the following is accurate for the blank above?

A) Held-to-Maturity Securities B) Available for Sale Securities C) Sale of Available for Sale Debt Securities D) Trading Security E) Investment Process

Soru 14:

Which of the following is defined as the price that would be received to sell an asset or paid to transfer a liability in an orderly transaction between market participants at the measurement date?

A) Fair Value B) Face Value C) T-bill D) Held-to-Maturity Securitiy E) Bond

Soru 15:

I. Liabilities occur because of a past transaction or event. II. Liabilities create a present obligation for future payment of cash or services. III. Liabilities are are avoidable obligations. Which of the followings are among the basic characteristics of liabilities?

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

Soru 16:

In the first year of the coal mine, XX Co. dug out 1,200,000 tons of coal. Cost of mine : 1,000,000 TL Estimated total units of resource : 25,000,000 tons Residual value : 0 TL Which of the following is the depletion expense of the first year?

A) 40,000 B) 45,000 C) 48,000 D) 50,000 E) 53,000

Soru 17:

When a bond with 200,000 TL face value is sold for 200,000 TL, the bond is told to be sold at ______. Which of the following completes the sentence above?

A) discount B) profit C) par D) premium E) maturity

Soru 18:

“A company purchases a car for 30000TL. and pays 5000TL. for legal fees to acquire it. The company expects to use the car for 5 years and at the end of its useful life, the car is estimated to be sold at 10000TL. Company will apply straight-line depreciation method for the machinery. What is the annual depreciation expense of the car?

A) 4000 B) 5000 C) 8000 D) 15000 E) 25000

Soru 19:

Company A purchases a basic furnace for 150,000 TL. Company B makes an expenditure for 25,000 TL for the machine in order to increase the production capacity of the machine. Company C pays 5,000 TL for the annual maintenance of the machine. To shorten the distance between suppliers, Company D decides to move the factory to Organized Industrial Zone and pays 150,000 TL for disassembling and reassembling of the machines and 100.000 TL. for the transportation. Which company/companies above can include expenditures in the cost of machinery and equipment?

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

Soru 20:

When a company receives an advanced payment, how must the company record this liability in its financial statements?

A) As accounts payable B) As notes payable C) As short term bank loans D) As unearned revenue E) As accruals