Financial-Accounting-Reporting 試験問題を無料オンラインアクセス

Is the cumulative effect of an inventory pricing change on prior years earnings reported on the financial statements for

• A.Option B
• B.Option D
• C.Option A
• D.Option C

Taft Corp. discloses supplemental industry segment information. The following information is available for 1992:

Additional 1992 expenses, not included above, are as follows:
Indirect operating expenses $7,200
General corporate expenses 4,800
Segment C's 1992 operating profit was:

• A.$3,200
• B.$2,600
• C.$5,000
• D.$2,000

Deficits accumulated during the development stage of a company should be:

• A.Reported as organization costs.
• B.Capitalized and amortized over a five year period beginning when principal operations commence.
• C.Reported as a part of stockholders' equity.
• D.Capitalized and written off in the first year of principal operations.

Earnings per share data should be reported on the income statement for:

• A.Option B
• B.Option D
• C.Option A
• D.Option C

Lore Co. changed from the cash basis of accounting to the accrual basis of accounting during 1994. The cumulative effect of this change should be reported in Lore's 1994 financial statements as a:

• A.Component of income before extraordinary item.
• B.Component of income after extraordinary item.
• C.Prior period adjustment resulting from the change in accounting principle.
• D.Prior period adjustment resulting from the correction of an error.