Final Sınavı - Accountıng Iı

Soru 1:

Which of the following method will be used for amortization of a discount or premium on long term bonds payable?

A) effective interest method B) Carrying Value of Bonds method C) Present Value of the Interest method D) Long Term Bonds Payable method E) Depreciation method

Soru 2:

If a corporation wants to pay cash dividends, Which of the following conditions are required below? Sufficient retained earnings Adequate cash Declared dividends by the board of directors

A) Yalnız I B) I ve II C) II ve III D) I ve III E) I, II ve III

Soru 3:

What represents the relationships between financial statement items to make it possible to assess the financial position and performance of companies?

A) Interests B) Taxes C) Accounts D) Notes E) Ratios

Soru 4:

Which of the following is the term used for the preferred share that can also receive all dividends in arrears while receiving a new preferred dividend?

A) Cumulative preferred share B) Divided preferred share C) Special preferred share D) Total preferred share E) Real preferred share

Soru 5:

Which of the following situation is suitable when the amount of capital needed is too large for one lender to supply?

A) Issuing bonds B) Bank credit C) Issuing asset D) Unsecured stocks E) Paid-in capital

Soru 6:

Which of the following is not one of shareholders’ rights in corporations?

A) Vote B) Dividend C) Liquidation D) Preemption E) Tax

Soru 7:

What is the liabilities arise from purchasing goods or services for use in a company’s operations.

A) Notes Payable B) Account Payable C) Account Receivables D) Short Terms Bank Loan E) Long Term Bank Loan

Soru 8:

I. Operating activities II. Manufacturing activities III. Financing activities Which of the above is/are included in the cash flow table sections?

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

Soru 9:

I. Sufficient retained earnings II. Adequate cash III. Declared dividends by the board of directors Which of the conditions above is/are necessary to pay cash dividends?

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

Soru 10:

Which of the following is a bond for which a company has pledged specific property to ensure its payment?

A) Debenture bonds B) Unsecured bonds C) Secured bonds D) Nominal bonds E) Current bonds

Soru 11:

I. Sole proprietorship II. Partnership III. Corporation Which of the above is/are ends with death or choice of proprietor?

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

Soru 12:

_________ activities are the activities that increase or decrease long term liabilities and equity. Which option completes the sentence best?

A) Investing B) Financing C) Operating D) Cash flow E) Current liabilities

Soru 13:

Which of the following statements is wrong?

A) Amortization method used for discount or premium is called effective interest method. B) The term carrying value is synonymous with face value. C) Bonds not issued in the name of the owner are called bearer bonds. D) Bonds issued in the name of the owner are called registered bonds. E) Income bonds pay no interest unless the issuing company is profitable.

Soru 14:

I. Influential but noncontrolling II. Trading III. Controlling IV. Available For Sale Which of the above-numbered statements or which are short-term investment?

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

Soru 15:

Lifetime earnings: 1.000.000 TL Lifetime losses: 200.000 TL Lifetime dividends: 700.000 TL According to the above; please calculate the retained earnings account’s credit balance of the firm.

A) 100.000 B) 300.000 C) 500.000 D) 800.000 E) 1.500.000

Soru 16:

Which of the following statements is the main characteristics of bearer bonds?

A) This type of bonds is not recorded in the name of the owner. B) This type of bonds is issued in the name of the owner. C) This type of bonds pays no interest unless the issuing company is profitable. D) This type of bonds pays interest from specified revenue sources. E) This type of bonds gives the issuer the right to call and retire the bonds prior to maturity.

Soru 17:

Which of the following is the face amount minus any unamortized discount or plus any unamortized premium?

A) Fair Value B) Amortization Amount C) Interest Expense D) Interest Rate E) Carrying Value

Soru 18:

Which account should be credited while selling treasury share above cost?

A) Cash B) Paid-in Capital from Treasury Share C) Paid-in Capital Excess of Par D) Common share E) Treasury share

Soru 19:

What is the “owners’ claims in business”?

A) Liability B) Equity C) Credit D) Unearned Revenue E) Bank Loan

Soru 20:

Which of the following is not a characteristics according to which the types of entities are categorized?

A) ownership B) taxation C) life D) the personal liability of the owners E) location