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

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

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

In 1990, Brighton Co. changed from the individual item approach to the aggregate approach in applying the lower of FIFO cost or market to inventories. The cumulative effect of this change should be reported in Brighton's financial statements as a:

• A.Component of income from continuing operations, without separate disclosure.
• B.Component of income after continuing operations, with separate disclosure.
• C.Component of income from continuing operations, with separate disclosure.
• D.Retrospective adjustment on the retained earnings statement, with separate disclosure.

During a period when an enterprise is under the direction of a particular management, its financial statements will directly provide information about:

• A.Enterprise performance but not directly provide information about management performance.
• B.Neither enterprise performance nor management performance.
• C.Both enterprise performance and management performance.
• D.Management performance but not directly provide information about enterprise performance.

The effect of a change in accounting principle that is inseparable from the effect of a change in accounting estimate should be reported:

• A.As a component of income from continuing operations, in the period of change and future periods if the change affects both.
• B.By restating the financial statements of all prior periods presented.
• C.As a separate disclosure after income from continuing operations, in the period of change and future periods if the change affects both.
• D.As a correction of an error.

In Yew Co.'s 1992 annual report, Yew described its social awareness expenditures during the year as follows:
"The Company contributed $250,000 in cash to youth and educational programs. The Company also gave $140,000 to health and human-service organizations, of which $80,000 was contributed by employees through payroll deductions. In addition, consistent with the Company's commitment to the environment, the Company spent $100,000 to redesign product packaging."
What amount of the above should be included in Yew's income statement as charitable contributions expense?

• A.$490,000
• B.$390,000
• C.$410,000
• D.$310,000