Final Sınavı - Accountıng Iı

Soru 1:

Which of the following category does the following statement belong? "the collection of long term notes receivable"

A) Cash inflow from investing activities B) Cash inflow from operating activities C) Cash inflow from financing activities D) Cash outflow from investing activities E) Cash outflow from financing activities

Soru 2:

Which of the following is not a component of comprehensive income?

A) Owners’ investments B) Foreign-currency translation adjustments C) Gains (losses) from post-retirement benefit plans D) Deferred gains (losses) derivatives E) Unrealized gains or losses

Soru 3:

What is a special share that provides its owner some advantages more than a common share does?

A) Authorized share B) Issued share C) Outstanding share D) Common share E) Preferred share

Soru 4:

Which of the following is called for bonds not backed by collateral?

A) Bearer Bonds B) Callable Bonds C) Serial Bonds D) Secured Bonds E) Debenture Bonds

Soru 5:

Straight-line depreciation method produces a decreasing annual depreciation expense over the asset’s useful life. Double-declining balance depreciation method allocates the depreciable cost of the asset equally to its useful life. “Cost of the asset – Accumulated Depreciation” is called the “Book Value” of the asset. Units-of-production depreciation method depreciates by units rather than by years. Which of the statements above in terms of depreciation methods are correct?

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

Soru 6:

A company has 50,000 outstanding preferred shares of 5%, 10 TL par preferred share. In this case, what is the preferred dividend?

A) 5.000 B) 25.000 C) 50.000 D) 500.000 E) 1.000.000

Soru 7:

Which of the following is the term used for the amount earned through profitable operations of a corporation and that is kept in the corporation?

A) Shareholders’ equity B) Retained earnings C) Current assets D) Non-current assets E) Short term liabilities

Soru 8:

Purchase price Brokerage commission Survey and legal fees Property taxes in arrears Taxes assessed to transfer the ownership on the land Cost of clearing the land and removing unwanted buildings Which of the items above does the cost of the land include?

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

Soru 9:

Which of the following statements define the term “Preemption “related to  the general rights of shareholders in a corporation?

A) When declared, shareholders receive a proportionate of some dividend. B) When a corporation goes out, shareholders may receive their proportion- ate share of any asset that still remains. C) Shareholders have the right to maintain their proportionate ownership in corporations. D) Coequal shareholders legally own the corporation. E) Shareholders have the right to access information related to the corporation.

Soru 10:

Which of the following occurs when market interest rate is less than the stated interest rate of the bond issued?

A) The bond will be issued at a premium. B) The bond will be issued at a discount. C) The bond will be issued at par. D) The bond will be issued at face value. E) The bond will be issued at nominal value.

Soru 11:

Which of the following is the principal amount or maturity value of the bonds?

A) Face value B) Rediscount C) Imputed value D) Saving value E) Current value

Soru 12:

Star company has unearned revenue of 100.000 TL, Salaries payable of 150.000, and Allowance for uncollectible accounts of 5.000 TL. What amount would Star company report as total current liabilities?

A) 300.000 B) 250.000 C) 200.000 D) 150.000 E) 100.000

Soru 13:

On January 1, 2019, Saint Corp. issues 100,000 TL, 5-year, 10% due in 5 years with 10 percent interest payable annually at year end. At the time of issue market rate for such bonds is 8 percent. If present value of the bonds is 107,985 TL, the entry to record the issuance of the bonds would include a:

A) credit to Premium on Long Term Bonds Payable 7,985 TL B) credit to Discount on Long Term Bonds Payable 7,985 TL C) debit to Discount on Long Term Bonds Payable 7,985 TL D) debit to Premium on Long Term Bonds Payable 7,985 TL E) credit to Long Term Bonds Payable 7,985 TL

Soru 14:

I. Sole proprietorship II. Partnership III. Corporation Which of the above is/are the common types of entities?

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

Soru 15:

Which part of the cash flow statement could be reported by two different methods?

A) Operating Activities B) Investing Activities C) Financing Activities D) Managerial Activities E) Accounting Activities

Soru 16:

Which of the following is called for bond issues that mature in installments?

A) Coupon bond B) Secured bond C) Callable bond D) Serial bond E) Term bond

Soru 17:

Which of the following is false regarding the cash flow statement?

A) It takes into account expenses or revenues whether or not they create cash movements. B) It takes into account the transactions that require cash. C) It helps to predict future cash flows. D) It helps to evaluate management. E) It helps to predict ability to pay debts and dividends.

Soru 18:

Anadolu Inc has 77,000 outstanding preferred shares of 13%, 12 TL par preferred share. Calculate the preferred dividend.

A) 100,600 TL B) 102,400 TL C) 108,360 TL D) 114,850 TL E) 120,120 TL

Soru 19:

What is the name for the liability that occurs when customers make advanced payments for the goods or services they will receive in the future?

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

Soru 20:

The cost of the long-lived asset The estimated residual value of the long lived asset The estimated useful life of the long-lived asset In order to measure the depreciation, which of the element/s mentioned above must be known?

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