202 1 1 detailed explanation of the real questions and answers of intermediate accounting practice. multiple choice
1. Among the following expenses incurred by enterprises in developing patented technology by themselves, the recorded value of intangible assets 7 is ().
A. Training expenses incurred in the effective use of self-developed patented technology
B. Expenditure during the research phase
C. it is impossible to distinguish between r&d expenditures.
D. Patent technology registration fee
Answer: d
Analysis: The cost of intangible assets formed by internal development activities includes all necessary expenditures that can be directly attributed to the creation and production of the intangible assets and the promotion of the operation of the intangible assets in a way predetermined by the management. The costs that can be directly attributed include: materials consumed in developing intangible assets, labor costs, registration fees (option D), amortization of other patents and franchises used in developing intangible assets, and interest and expenses that can be capitalized according to the principle of borrowing costs.
2. After the capitalization of enterprise special loan interest, the following construction interruption will cause the enterprise to suspend the capitalization of loan interest: ()
A due to the foreseeable freezing season, the construction has been interrupted continuously for more than 3 months.
B. Construction has been interrupted for three months for many times due to engineering quality disputes.
C. the construction was interrupted for more than 3 months due to a safety accident.
D. the construction was interrupted for 2 months due to labor disputes.
Answer: c
Analysis: If the assets that meet the capitalization conditions are abnormally interrupted in the process of purchase, construction or production and the interruption lasts for more than 3 months, the capitalization of borrowing costs shall be suspended. The reason for the interruption must be abnormal interruption, and option C is correct.
3. On June 65438+February 1 day, 2020, institution A transferred a patent of institution B free of charge. The original book value of this patent in institution B is 100 yuan, and the accumulated amortization amount is 200,000 yuan. In the process of patent transfer, a public institution pays a transfer registration fee of 20,000 yuan. Without considering other factors, the initial entry amount of the patented technology in organization A is () ten thousand yuan.
A: 82
B 102
c80
D. 100
A: A.
Analysis: In financial accounting, the intangible assets transferred in for free are debited to the account of intangible capital according to the book value of the transferor plus relevant taxes, credited to the account of zero balance and bank deposit according to the relevant taxes incurred, and credited to the account of net assets transferred for free according to the difference.
4. Among the following businesses of non-governmental non-profit organizations, () does not affect the reported amount of net assets items in their balance sheets.
A. collect the current membership fees paid by individual members
B. accept the money entrusted by company b to donate to school C.
C. accept the money donated by company a.
D. Cash income from self-operated publications
Answer: c
Analysis: the net assets of non-governmental non-profit organizations are divided into limited net capital households and unrestricted net capital households.
5. Among the following pre-transaction matters, the one that affects the total profit is ().
A. receiving capital invested by shareholders
B. Changes in fair value of investments in other equity instruments
C. translation difference of generated foreign currency financial statements
D. Provision for inventory depreciation
Answer: d
Option AB: assets increase and owners' equity increases; Option c affects other comprehensive income; Option d is included in the asset impairment loss, which will affect the total profit.
6. Company A is a general taxpayer of value-added tax. 202 1 August 1 day, a batch of raw materials were purchased, and the price indicated on the special VAT invoice was110,000 yuan, and the VAT amount was10.3 million yuan. The price indicated on the special VAT invoice obtained by paying the freight of raw materials is 654.38 yuan+0,000 yuan, and the VAT amount is 0, 900 yuan. Regardless of other factors, the initial entry amount of this batch of raw materials is () ten thousand yuan.
A. 1 14.09
B. 1 13
C. 10 1
D. 100
Answer: c
Value-added tax is an extra tax. Obtaining special invoices does not constitute the cost of inventory, and the freight paid for obtaining raw materials is included in the cost of raw materials. So the initial entry amount is =100+1=10/ten thousand yuan.
7. June 5438+February 3, 20201,approved by relevant departments. Company A has announced that it will close the W factory from 202 1 1. It is estimated that the following expenses will occur within three months, including 20 million yuan for dismissing employees, 500,000 yuan for training employees in special positions, and 3 million yuan for early termination of the factory lease contract. Regardless of other factors, the decision of company A to close the WI factory will lead to 65,438+in 2020.
In 2050.
B.2300
About 2000.
D.2350
Answer: b
The direct expenses related to reorganization are included in the estimated liabilities: 2000+300 = 23 million yuan.
8.2065438+65438 In 2009 +65438 10 +0, organization A obtained 40% of the voting shares of company B with a bank deposit of 20 million yuan, and the equity investment was accounted by the equity method. In 20 19, company b realized a net profit of 5 million yuan. On March 1 2020, Company B announced a cash dividend of 2 million yuan, and on March 20, 2020, Company B paid the cash dividend. In 2020, Company B lost 6,543,800 yuan. Regardless of other factors, the book balance of long-term equity investment of institution A on June 365438+February 3 1 day in 2020 is () ten thousand yuan.
A.2 120
In 2000
C.2080
D.2200
Answer: c
[resolution] June 5438+February 3, 20201book balance of institutional long-term equity investment = 2000+500× 0.4-200× 0.4-100× 0.4 = 20.8 million yuan.
9. Company A adopts the fair value model to measure the investment real estate subsequently. On March 1 2020, the company converted the office building with a book value of 3 million yuan and a fair value of 2.8 million yuan into investment real estate as fixed assets. Regardless of other factors, among the following statements about the influence of company A's switching business on its financial statements in 2020, the correct one is ().
A. reduce the investment income by 200,000 yuan.
B. Reduce other comprehensive income by 200,000 yuan.
C. increase non-operating expenses by 200,000 yuan.
D. reduce the income from changes in fair value by 200,000 yuan.
Answer: d
Borrow: investment real estate-cost 280 fair value change profit and loss 20 loan: fixed assets (book value) 300
10. In the following assets of an enterprise, if the influencing factors of previous provision for impairment have disappeared, the provision for impairment that has been made can be reversed ().
A. Fixed assets
B. Goodwill
C. Long-term equity investment
D. raw materials
Answer: d
If the factors affecting the write-down of the previous inventory value have disappeared, the write-down amount will be recovered and reversed in the original inventory depreciation reserve, and the reversed amount will be included in the current profit and loss.
11.2065438+65438 In 2009+10/0, Company A bought shares of Company B with a bank deposit of 6.02 million yuan (including transaction costs of 20,000 yuan), which was classified as financial assets measured at fair value and its changes were included in current profits and losses. On February 3, 20 19, the fair value of the shares held by company a in company b was 7 million yuan. On October 5, 2020/kloc-0, Company A sold all the shares held by Company B at a price of 7.5 million yuan, paid the transaction fee of 30,000 yuan, and actually got 7.47 million yuan. Regardless of other factors, the impact of selling the shares of Company B held by Company A on its operating profit at the end of 2020 is () ten thousand yuan.
A. 147
b47
C.50
D. 145
Answer: b
The book value of trading financial assets before sale is 7 million yuan, and the influence of the sale of shares held by Company A on its operating profit at the end of 2020 is = 747-700 = 470,000 yuan.
12.2020 65438+ 10 1, Company A obtained a special loan of 40 million yuan for the factory building that started on the same day, with a loan term of 2 years, and both the contract annual interest rate and the actual annual interest rate of the loan were 5%. Pay interest annually and repay the principal when due. On the same day, Company A borrowed a general loan of 6,543,800,000 yuan with a loan period of 5 years. The contract annual interest rate and the actual annual interest rate of the loan are both 6%, and the interest is paid annually, and the principal is repaid at maturity. Company A paid 36 million yuan for the project on June 65438+1October 65438+1October 2020. 8 million yuan was paid on 202 1, 1, and the workshop was completed and put into use immediately on 202 1, 12, 3 1. Regardless of other factors, the amount that should be capitalized for the general loan interest of Company A's 2×2 1 year is () ten thousand yuan.
A.200
b48
C6
Grass 24
Answer: d
20211/occupied loan amount is 3600+800-4000=400, and general loan interest should be capitalized at 400× 6% = 240,000 yuan.
13.202012.1,Company A was punished for violating environmental protection laws and regulations, and a fine of 2.7 million yuan should be included in other payables. According to the tax law, a company's fine for violating environmental laws and regulations shall not be deducted before tax. On June 5438+February 3, 20201day, Company A had paid a fine of 2 million yuan. Regardless of other factors, the temporary difference of other payables on February 3, 20201day was () ten thousand yuan.
A.270
b70
C.0
D.200
Answer: c
The fines for violating environmental laws and regulations have formed a permanent difference, not a temporary difference.
14. Among the following transactions or events, which should be accounted for by Company A according to government subsidies related to income is ().
A VAT refund of 200,000 yuan that can be refunded upon receipt.
B get 50 million yuan invested by the government as a shareholder.
C. Receiving 3 million yuan from the government for purchasing materials.
D. Obtain the land use right with a fair value of 90 million yuan allocated by the government free of charge.
A: A.
Option b increases the owner's equity of the enterprise; Option c is normal business dealings; Option d is a government subsidy related to assets. Option a meets the meaning of the question and belongs to the government subsidy related to income.
Second, multiple choices.
1. Among the following items, () belongs to the accounting estimate of dry enterprises.
A. Determination of follow-up measurement mode of investment real estate
B. Determination of net realizable value of inventories
C. Determination of the performance schedule of the labor service contract
D. Determination of the amount of expected credit loss of financial assets
Answer: BC
Analysis: Option A, the subsequent measurement of investment real estate belongs to the change of accounting policy; Option BCD belongs to accounting estimation.
2. On June 65438+February 1 day, 2020, Company A sold a batch of products to Company B on credit to meet the income recognition items, and confirmed the accounts receivable and main business income of 20 million yuan respectively. On June 5438+February 3, 2020/KLOC-0, Party A and Party B made provision for bad debts of RMB 65438+ 10,000 for accounts receivable. The 2020 financial report of a company was approved by the board of directors and released on March 20th, 20021. Regardless of other factors, the following transactions or events occurred in Company A, which was adjusted after the balance sheet date ().
A.2021February 10, the products sold by company a to company b in February 2020 10 were unqualified 10%.
B.202 11/On February 20201,Company A obtained conclusive evidence that bad debt provision should be accrued for accounts receivable of Company B.
C 2021March 10, company a received a loan from company b100000 yuan.
D 2021March 3 1 day, due to serious financial difficulties of company b, company a made provision for bad debts of 200,000 yuan for the remaining accounts receivable of company B ..
Answer: 2nd century A.D.
Analysis: The adjustment events that occur in an enterprise usually include the following items: (1) After the balance sheet date, the litigation case is closed, and the court decides that the enterprise has liquidity obligations on the balance sheet date, so it is necessary to adjust the estimated liabilities related to the previously confirmed litigation case, or confirm a new liability. (2) Obtaining conclusive evidence after the balance sheet date, indicating that the asset has been impaired on the balance sheet date or the original impairment amount of the asset needs to be adjusted. (3) After the balance sheet date, further determine the cost of purchasing capital 7 or the income from selling assets before the balance sheet date. (4) After the balance sheet date, it is found that there are frauds or errors in the financial statements.
3. Among the following statements about accounting of non-profit organizations, the correct one is ().
A. a list of business activities should be prepared.
B. net assets include restricted net assets and unrestricted net assets.
C. On the basis of historical cost measurement, introduce the basis of fair value measurement.
D. Taking the accrual basis as the accounting basis
Answer: a, b, c, d
The accounting statements of non-governmental non-profit organizations should include at least three basic statements: balance sheet, business activity statement and cash flow statement. (a) Net assets refer to the balance of assets minus liabilities of non-governmental non-profit organizations, including the limit in item (b); The main characteristics of non-profit organization accounting include: 1. Accounting is based on accrual basis. (D is correct) 2. This paper introduces the basis of fair value measurement based on historical cost valuation. (c) correct;
4. Regarding the determination of the conversion date of investment real estate, the following statement is correct ().
A. If the real estate as inventory is rented out, or the self-occupied building or land use right is stopped and rented out, the conversion date is the beginning date of the lease term.
B. When the investment real estate is converted into self-use real estate, the conversion date is the date when the real estate reaches the state of self-use and the enterprise begins to use the real estate for producing goods, providing labor services or operating management.
3. The conversion date is the date when the right to use the self-occupied land ceases to be used for capital appreciation.
D. If the real estate as inventory is changed to lease, or the building or land use right occupied by oneself is changed to lease, the conversion date is the date when the lessee pays the down payment.
Answer: a, b, c
If the real estate as inventory is changed to lease, or the self-occupied buildings and land use rights are changed to lease, the conversion date is the starting date of the lease term, not the date when the lessee pays the down payment or the date when the lease contract is signed. Option d is wrong.
5. Among the following items, () belongs to contingencies.
A. Quality assurance during product warranty period
B. the enterprise and the management personnel sign a profit sharing plan.
C. Pending litigation
D. Restructuring obligations
Answer: a, c, d
Contingency refers to an uncertain event formed by past transactions or events, and its result can only be determined by the occurrence or non-occurrence of some future events. Common contingencies include: pending litigation, pending arbitration, debt guarantee, product quality guarantee (including product safety guarantee), loss contract, restructuring obligations, commitments, environmental pollution remediation, etc.
6. Among the following items, () should be included in the initial entry amount of raw materials purchased by the enterprise.
A. Loading and unloading expenses before warehousing
B. Insurance premium in transit
C. reasonable loss before warehousing
D. Storage cost after warehousing
Answer: a, b, c
The purchase cost of inventory includes the purchase price, related taxes, transportation fees, handling fees, insurance fees and other expenses that can be attributed to the purchase cost of inventory. In addition to the above items, procurement costs can also be attributed to inventory procurement costs, such as storage costs, packaging costs, reasonable loss in transit, sorting costs before warehousing, etc. If these expenses can distinguish the burden objects, they should be directly included in the purchase cost of inventory.
7. Among the following items, () should be recognized as the intangible assets of the enterprise.
A. internally generated brands that have not applied for trademark rights.
B. Purchase the land use right of self-use workshop
C. Outsourcing patents
D. Non-patented technology received from investors
Answer: b, c, d
Intangible assets usually show some kind of right, some kind of technology or some kind of comprehensive ability to obtain excess profits, and there is no physical form, such as land use rights and non-patented technology.
8. Among the following intermediary fees paid by the enterprise, () shall be directly included in the current profit and loss.
A. commission paid to securities underwriters for issuing shares
B handling fees paid for obtaining financial assets measured in amortized cost.
C. legal service fees paid for business combination
D. Audit fees paid for annual financial statements
Answer: c, d
Option A offsets the capital reserve; if the capital reserve is insufficient to offset, the retained earnings will be offset; Option b is included in the recorded value of debt investment; Option CD is included in the management fee.
9. Among the following liabilities of manufacturing enterprises, amortized cost should be adopted for subsequent measurement ().
A. Long-term payables
B. Corporate bonds payable
C. Trading financial liabilities
D. Long-term borrowing
Answer: a, b, d
Except for the following items, an enterprise shall classify financial liabilities as financial liabilities measured in amortized cost: 1. Financial liabilities measured at fair value and whose changes are included in current profits and losses include trading financial liabilities (including derivatives belonging to financial liabilities) and financial liabilities designated as measured at fair value and whose changes are included in current profits and losses. 2. Financial liabilities arising from the transfer of financial assets that do not meet the conditions for derecognition or continued involvement in the transferred financial assets. 3. Financial guarantee contract that does not belong to the above 1 or 2.
10.2020, Company A, as the winning bidder of W products promoted by the government, sold a batch of W products with a production cost of 70 million yuan to customers at the winning bid price of 80 million yuan, and the market price of this batch of W products was 95 million yuan. On the sales day, the control right of this batch of W products has been transferred to the customer, which meets the revenue recognition conditions. In that year, Company A received a financial subsidy of150,000 yuan for selling this batch of W products and deposited it in the bank. Regardless of other factors, the statement of the impact of the above economic business on the income statement of Company A in 2020 is correct ().
A. Increase the operating cost by 70 million yuan
B. Increase non-operating income by 654.38+0.5 million yuan.
C. increase the operating profit by 25 million yuan.
D. increase operating income by 80 million yuan.
Answer: a, c, d
The financial subsidies received by Company A for selling this batch of W products are not government subsidies, and the income should be confirmed as150,000; The monthly product sales revenue is 80 million yuan, and the cost is 70 million yuan; Therefore, it is confirmed that the total income = 8000+1500 = 95 million, and the increased operating profit = 9500-7000 = 25 million.
1 1. The following assets or negative values of Company A have deductible temporary differences on the balance sheet date ().
A. Selling trading financial assets with a value of 6,543,800 yuan+0,000 yuan, and the tax basis is 600,000 yuan.
B. Trading financial liabilities with book value of 8 million yuan and tax basis of 2 million yuan.
C. Contract liabilities with book value of 600,000 yuan and tax basis of 0.
D. Investment real estate with a book value of 8 million yuan and 6,543,800 yuan in tax basis.
Answer: b, c, d
Deductible temporary differences generally appear in the following situations: 1. The book value of the asset is lower than its tax basis; 2. The book value of liabilities is greater than its tax basis.
12.2020 65438+ 10/0/Company A signed a contract with Company B to purchase a patent right of Company B. According to the contract, Company A failed to pay/kloc-0.2 million yuan per year from 2020 to 2024. The spot price of the patent right on that day was 5.2 million yuan. The purchase behavior of Company A is of great financing nature in essence. Regardless of other factors, the following statement about the accounting treatment of patent rights of Company A is correct ().
A the initial entry amount of patent right is 5.2 million yuan.
B. The initial entry amount of long-term payables is 6 million yuan.
C the initial entry amount of unconfirmed financing expenses is 800,000 yuan.
D. The unconfirmed financing expenses shall be amortized by the straight-line method within the payment period.
Answer: a, b, c
Unconfirmed financing expenses are amortized by the effective interest rate method within the payment period, and option D is wrong.
13. Company A's long-term equity investment in Company B is accounted for by the equity method. Among the following transactions or events of Company B, there is () that will affect the reported amount of long-term equity investment projects in Company A's balance sheet.
A. get a government subsidy of 500,000 yuan to compensate the expenses incurred.
B. Announce a cash dividend of 6,543,800 yuan.
C. The fair value of other creditor's rights investment increased by 6,543,800 yuan.
D. The income from investment and transfer of other equity instruments is 300,000 yuan.
Answer: a, b, c, d
All the above statements are correct.
14. In the following transactions or events related to the investment real estate of Company A, () will affect the reported amount of operating profit items in its income statement.
A the fair value of investment real estate measured by the fair value model is lower than the book value on the balance sheet date.
B. When the real estate as inventory is converted into investment real estate measured by the fair value model, the fair value is greater than the book value.
C when the investment real estate is measured by the fair value mode instead of the cost mode, the fair value is greater than the book value.
D when the investment real estate measured by the fair value model is converted into self-use real estate, the fair value is less than the book value.
Answer: a, d
Option A, included in the gains and losses from changes in fair value, affecting operating profit; Option b, included in other comprehensive income, does not affect the operating profit; Option c, included in the retained earnings, does not affect the operating profit; Option D is included in the gains and losses from changes in fair value, which affects the operating profit.
Third, the judge.
1. The enterprise makes provision for impairment of contract performance cost, which reflects prudent accounting information quality requirements. ()
A. Right
B. wrong
A: A.
Prudence requires enterprises to be cautious in accounting confirmation, measurement and reporting of transactions or events, and not to overestimate assets or income or underestimate liabilities or expenses.
2. Patents purchased by enterprises with specific output restrictions shall be amortized by the output method. ()
A. Right
B. wrong
A: A.
Patents purchased by enterprises with specific output restrictions shall be amortized by the output method.
3. When an enterprise classifies the residual equity investment as a financial asset measured at fair value and its changes are included in the current profits and losses, it shall include the difference between the fair value and book value of the residual equity investment in other comprehensive income on the day when it loses control. ()
A. Right
B. wrong
Answer: b
When an enterprise disposes of the equity investments of some subsidiaries and classifies the remaining equity investments as financial assets measured at fair value and whose changes are included in the current profits and losses, it shall include the difference between the fair value and book value of the remaining equity investments in the investment income on the day when it loses control.
4. If a real estate enterprise recovers its foreign sales after the second development of the leased real estate, it shall convert the investment real estate into inventory at the time of recovery. ()
A. Right
B. wrong
Answer: b
Real estate enterprises redevelop and sell the real estate used for operation and lease, and turn it from investment real estate into inventory. In this case, the conversion date is the date when the lease expires and the board of directors of the enterprise or similar institutions make a written resolution, clearly indicating the date of redeveloping foreign sales.
5. For the dismissal plan in which employees have no right to choose, the enterprise shall confirm employees' compensation liabilities according to the number of employees who intend to terminate labor relations and the dismissal compensation for each post. ()
A. Right
B. wrong
A: A.
For the dismissal plan in which employees have no right to choose, the enterprise shall confirm the compensation responsibility of employees according to the number of employees who intend to terminate labor relations and the dismissal compensation for each post.
6. The change of the sales contract of an enterprise increases the commodity and contract price that can be clearly distinguished. If the new contract price reflects the separate sales price of new commodities, it shall be regarded as the termination of the original contract, and at the same time, the unfulfilled part of the original contract and the changed part of the contract shall be merged into a new contract for accounting treatment. ()
A. Right
B. wrong
Answer: b
The contract change adds clearly distinguishable goods, and the new contract price reflects the separate selling price of the new goods, so the contract change part should be accounted as a separate contract.
7. For financial assets measured at fair value and whose changes are included in current profits and losses, enterprises should not recognize deferred income tax liabilities due to taxable temporary differences caused by changes in fair value. ()
A. Right
B. wrong
Answer: b
For taxable temporary differences caused by the increase of fair value of financial assets measured at fair value and whose changes are included in current profits and losses, the enterprise shall confirm deferred income tax liabilities.
8. The net realizable value of raw materials used by enterprises for direct sales without contract shall be determined on the basis of the market price of the materials. ()
A. Right
B. wrong
A: A.
The net realizable value of materials for resale is the market price minus the estimated sales expenses and related taxes.
9. When an enterprise uses the net value method to calculate government subsidies related to fixed assets, it shall accrue depreciation of fixed assets according to the asset value before deducting government subsidies. ()
A. Right
B. wrong
Answer: b
Under the net method, the book value of related assets is reduced according to the amount of subsidy funds, and the enterprise depreciates or amortizes related assets according to the asset value after deducting government subsidies.
10. For intangible assets that can bring future economic benefits to enterprises, enterprises should regard them as intangible assets with uncertain service life ().
A. Right
B. wrong
A: A.
After the above efforts, the enterprise still can't reasonably determine the time limit for intangible assets to bring economic benefits to the enterprise, so it can be regarded as intangible assets with uncertain service life.
1 1. Other comprehensive income recognized when the enterprise's self-occupied real estate is converted into investment real estate measured at fair value is directly transferred to retained income when the investment real estate is disposed of. ()
A. Right
B. wrong
Answer: b
Other comprehensive income recognized by investment real estate measured by self-use fair value model is included in other operating costs at the time of disposal.
12 A company's production line shows signs of impairment, so when predicting its future cash flow, it should not be included in the future renovation expenditure of the production line. ()
A. Right
B. wrong
A: A.
Enterprise assets sometimes change due to improvement, reorganization and other reasons in the process of use. When forecasting the future cash flow of assets, an enterprise shall base on the present situation of assets, and shall not include the reorganization matters that may occur in the future and have not yet made a commitment or the expected future cash flow related to asset improvement.
13. Once the classification of financial liabilities is determined, it shall not be changed ().
A. Right
B. wrong
A: A.
Once the classification of enterprise financial liabilities is determined, it shall not be changed.
14. Deferred income tax assets (or liabilities) formed by changes in the fair value of transferred financial assets when an enterprise disposes of investments in other equity instruments shall be directly included in income tax expenses. ()
A. Right
B. wrong
Answer: b
When disposing of other equity instrument investments, the deferred income tax assets or liabilities transferred back shall be included in other comprehensive income.
15. Employees' internal retirement plans implemented by enterprises shall be accounted for according to post-employment benefits. ()
A. Right
B. wrong
Answer: b
Where an employee's internal retirement plan is implemented, the enterprise shall refer to it for dismissal benefits.
16. On the balance sheet date, the difference between the amount of trading financial assets denominated in foreign currency converted into the functional currency and the original functional currency is included in the accounting expenses. ()
A. Right
B. wrong
Answer: b
The difference between the amount of foreign currency-denominated trading financial assets converted into functional currency and the original functional currency is included in the profit and loss of fair value changes.
17. When preparing the consolidated cash flow statement, the cash received by the parent company from the wholly-owned subsidiary and the cash paid by the subsidiary should offset each other. ()
A. Right
B. wrong
A: A.
Cash received from the parent company, subsidiaries and subsidiaries in this period, as well as cash paid for dividend distribution, profit or interest repayment, need to be offset when preparing the consolidated cash flow statement.