Seçmeli Ara Sınav - Accountıng Iı

Soru 1:

Which of the following does not increase the capacity or efficiency of an asset or extend its useful life and are reported on the income statement as an expense in the period incurred?

A) Land Improvements B) Administrative Expenses C) Revenue expenditures D) Removal of Ruins E) Capital expenditure

Soru 2:

Provisions for employee benefits (severance allowance), provisions for warranties, and restructuring provisions are examples for _______.

A) accrued expenses B) unearned revenues C) notes payables D) accounts receivables E) estimated liabilities

Soru 3:

Which item among the following is not an intangible asset?

A) Goodwill B) A trademark C) A copyright D) A patent E) All of the above are intangible assets

Soru 4:

Which of the following instruments is an example for an equity security?

A) treasury bonds B) preferred stock C) corporate bonds D) convertible debt instruments E) accounts receivable

Soru 5:

Which of the following gives right to buy derivative instruments?

A) Put option B) Call option C) Forward D) Future contract E) Agreed-upon price

Soru 6:

Anadolu Co. applied for a patent for its newly developed product. For the development process, the company spent 300,000 TL. How will Anadolu Co. record this in the journal?

A) Records as the Research and Development Cost B) Records as a Copyright C) Records as a Amortization Expense D) Records as a Trademark E) Records as a Pre-operating Cost

Soru 7:

Which of the following principle indicates that the revenues of a period must be matched with the expenses of the same period for calculating the profit/loss of the period?

A) Matching B) Expense C) Revenue D) Cost E) Objectivity

Soru 8:

The assets that can be converted into cash, sold, collected and consumed within one year or operation cycle which is shorter The assets that will be used in operations for more than a year. Receivables that have due dates of more than one year A factory building rented to use in the operations Which of the above can be recognized as non-current assets?

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

Soru 9:

On October 1, 2012, Freedom Communications purchased a new piece of equipment that cost 35.000. The estimated useful life is five years and estimated residual value is 8.000. Assume Freedom Communications purchased the equipment on January 1, 2012. If Freedom uses the double-declining-balance method, what is depreciation for 2013?

A) 8.400 B) 22.400 C) 6.480 D) 14.000 E) 18.000

Soru 10:

Held-to-maturity securities include only debt securities because equity securities do not have a maturity. Which of the above statements is based on accounting principles?

A) Going concern assumption B) The Entity Concept C) The Faithful Representation Principle D) The Cost Principle E) The Stable Monetary Unit Concept

Soru 11:

Which of the following investment instruments is an example of a debt security?

A) common stocks B) convertible debt instruments C) preferred stocks D) cash E) accounts payable

Soru 12:

Anadolu Co. signs a contract with a car-design company and renovates the interior of the minivan for the customers. Anadolu Co. pays 100,000 for renovation. How will Anadolu Co. record this expenditure in the journal?

A) Records as an advances paid B) Records as a renovation expense C) Records as a depreciation D) Records as the repair and maintenance expense E) Records as Cost of Goods Sold

Soru 13:

Which of the following is only used for rented assets?

A) Copyright B) Trademark C) Franchises and Licenses D) Leasehold Improvements E) Amortization Expense

Soru 14:

Where is trading securities reported in the financial statements?

A) Current Liability B) Current Assets C) Non-Current Assets D) Non-Current Liabilities E) Equity

Soru 15:

Which of the following is not amortized?

A) patents B) copyrights C) goodwill D) franchise E) trademarks

Soru 16:

On October 1, 2012, Freedom Communications purchased a new piece of equipment that cost 35.000. The estimated useful life is five years and estimated residual value is 8.000. What is the depreciation expense for 2012 if freedom uses the straight-line method?

A) 5.400 B) 1.350 C) 1.750 D) 7.000 E) 8.000

Soru 17:

What is the term that refers to a company’s good reputation and intangible assets of a business that is created from favorable attributes that relate to a company and are not attributable to any other specific asset?

A) patent B) licence C) trademark D) copyright E) goodwill

Soru 18:

Assume that ABC Co. purchased a building to use for managerial purposes for 3,450,000 TL and also paid title deed fees for 125,000 TL. Which of the following is true for the amount of building account after the purchase?

A) 3,450,000 B) 3,500,000 C) 3,575,000 D) 3,625,000 E) 3,675,000

Soru 19:

Which of the following is not an intangible asset?

A) Patents B) Copyrights C) Licenses D) Leasehold improvements E) Buildings

Soru 20:

If the bond with 100,000 TL fair value is sold for 110,000 TL, the bond is sold

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