美国CPA考试历年真题精选及详细解析1108-72
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美国CPA考试历年真题精选及详细解析1108-27
a. Information and communication.
b. Control environment.
c. Control activities.
d. Monitoring.
【答案】d
六、According to the Sarbanes-Oxley Act of 2002, which of the following statements is correct regarding an issuer\'s auditcommittee financial expert?
美国CPA考试历年真题精选及详细解析1108-27
一、Breakeven analysis assumes that over the relevant range:
a. Total fixed costs are nonlinear
b. Total costs are unchanged
c. Unit variable costs are unchanged
a. The audit committee financial expert must be the issuer\'s audit committee chairperson to enhance internal control.
b. If an issuer does not have an audit committee financial expert, the issuer must disclose the reason why the role is not filled.
c. When production equals sales, absorption costing income is greater than variable costing income.
b. Control environment.
c. Control activities.
d. Monitoring.
【答案】d
六、According to the Sarbanes-Oxley Act of 2002, which of the following statements is correct regarding an issuer\'s auditcommittee financial expert?
美国CPA考试历年真题精选及详细解析1108-27
一、Breakeven analysis assumes that over the relevant range:
a. Total fixed costs are nonlinear
b. Total costs are unchanged
c. Unit variable costs are unchanged
a. The audit committee financial expert must be the issuer\'s audit committee chairperson to enhance internal control.
b. If an issuer does not have an audit committee financial expert, the issuer must disclose the reason why the role is not filled.
c. When production equals sales, absorption costing income is greater than variable costing income.
美国CPA考试历年真题精选及详细解析1108-71
b. Examine business operations.
c. Make reasonable inquiries when taxpayer information appears incorrect.
d. Copy all underlying documents.
答案：C
4.Stone engaged Parker to perform personal services for $1,000 a month for a period of 3 months. The contract was entered into orally on August 1, year 1, and performance was to commence on January 1, year 2. On September 15, year 1, Parker anticipatorily repudiated the contract. As a result, Stone can
答案：C
2.A tax return preparer is subject to a penalty for knowingly or recklessly disclosing corporate return information, if the disclosure is made:
a. To enable the tax processor to electronically compute the taxpayer\'s liability.
答案：C
5.An instrument that is otherwise negotiable on its face states “Pay to Jenny Larson.” Which of the following statements is (are) correct?
c. Make reasonable inquiries when taxpayer information appears incorrect.
d. Copy all underlying documents.
答案：C
4.Stone engaged Parker to perform personal services for $1,000 a month for a period of 3 months. The contract was entered into orally on August 1, year 1, and performance was to commence on January 1, year 2. On September 15, year 1, Parker anticipatorily repudiated the contract. As a result, Stone can
答案：C
2.A tax return preparer is subject to a penalty for knowingly or recklessly disclosing corporate return information, if the disclosure is made:
a. To enable the tax processor to electronically compute the taxpayer\'s liability.
答案：C
5.An instrument that is otherwise negotiable on its face states “Pay to Jenny Larson.” Which of the following statements is (are) correct?
美国CPA考试历年真题精选及详细解析1108-60
a.A reference to the note to the financial statements that describes the cash receipts and disbursements basis of accounting.
b.An opinion as to whether the financial statements are presented fairly in conformity with the cash receipts and disbursements basis of accounting.
Basis for Qualified Opinion Notes to the
Paragraphfinancial statements
a. Yes Yes
b. No Yes
c. No No
d. Yes No
答案：d
3. An auditor who is unable to form an opinion on a new client\'s opening inventory balances may issue anunmodified opinion on the current year\&# examining inventory most likely would use variables sampling rather than attributes sampling to:
a. Identify whether inventory items are properly priced.
b. Preliminary judgments about materiality levels.
c. The auditor\'s allowable risk of assessing control risk is too low.
b.An opinion as to whether the financial statements are presented fairly in conformity with the cash receipts and disbursements basis of accounting.
Basis for Qualified Opinion Notes to the
Paragraphfinancial statements
a. Yes Yes
b. No Yes
c. No No
d. Yes No
答案：d
3. An auditor who is unable to form an opinion on a new client\'s opening inventory balances may issue anunmodified opinion on the current year\&# examining inventory most likely would use variables sampling rather than attributes sampling to:
a. Identify whether inventory items are properly priced.
b. Preliminary judgments about materiality levels.
c. The auditor\'s allowable risk of assessing control risk is too low.
美国CPA考试历年真题精选及详细解析1108-29
Choice "b" is incorrect. Intranets frequently allow for access to the Internet. Security measures are often provided to ensure that Internet users cannot access the sponsoring organization\\'s intranet.
Choice "a" is incorrect. Intranets can provide information that can be downloaded or otherwise be handled as interactively as the data retrieved from the Internet.
Explanation
Choice "c" is correct. The objective of general purpose financial reporting is to provide financial information about the reporting entity that is useful to the primary users of general purpose financial reports in making decisions about providing resources to the reporting entity.
Choice "a" is incorrect. Generally accepted accounting principles are derived from and based on the objective of financial reporting, not the other way around.
Choice "a" is incorrect. Intranets can provide information that can be downloaded or otherwise be handled as interactively as the data retrieved from the Internet.
Explanation
Choice "c" is correct. The objective of general purpose financial reporting is to provide financial information about the reporting entity that is useful to the primary users of general purpose financial reports in making decisions about providing resources to the reporting entity.
Choice "a" is incorrect. Generally accepted accounting principles are derived from and based on the objective of financial reporting, not the other way around.
美国注册管理会计师考试 CMA P2(380)历年考题 真题题解 分章节
项目 销货成本 存货成本 资产负债表上，存货金额 损益表上，利润金额 流动比率 存货周转率
先进先出 低 高 高 高 高 低
后进先出 高 低 低 低 低 高
1-26. (B) 应收周转率 = 1700*0.94 / [(168+147)/2] = 10.15
1-27. (D) 应收天数 = 360 / {900/[(68+47)/2]}=23
1-37. (C) 向 Nutron 公司发放贷款，因为负债/权益比率和财务杠杆水平都低于 行业均值
1-38. (C) 向 Reston 公司发放贷款，因为负债/权益比率和财务杠杆水平都低于 行业均值
1-39. (C) 收购 Rockland 公司，因为负债/权益比率和财务杠杆水平都低于行业 均值
1-40. (D) 负债与总资产比
1-9. (B) 速动比率 < 1，赊销会增加速动比率
1-10. (C) 用现金购买存货，对速动比率不利
1-11. (D) (62K+47K+35K+138K) / (84K+11K) = 2.97
1-12. (D) 最关心流动比率和营运资本
1-13. (D) 流动比率 – 速动比率= 存货/流动负债
ROE
净收益 所有者权益
净收益 净销售额
净销售额 平均总资产
平均总资产 所有者权益
若权益不变，资产负债率下降，负债下降，权益乘数，ROE 下降 销货成本成比例下降，利润上升，ROE 上升 若其他不变，资产增加，权益增加，ROE 下降 权益增加，ROE 下降 1-64. (A) 毛利 – 经营费用 – 利息 – 所得税 = 净收益 1-65. (C) 应收账款周转率和应收账款周转天数
美国CPA考试历年真题精选及详细解析1108-8
美国CPA考试历年真题精选及详细解析1108-8
Smith, a single individual, made the following charitable contributions during the current year. Smith’s adjusted gross income is $60,000.
Choice "c" is incorrect. This choice includes all three contributions. It erroneously includes the artwork at its fair market value as well as including the donation to the needy family, which is not a deductible donation.
Contribution to a needy family 1,000
What amount should Smith deduct as a charitable contribution?
a. $5,000
b. $8,000
c. $9,000
d. $7,000
anation
Choice "d" is correct. This question is asking for the actual deduction and requires the candidate to determine which items are deductible charitable contributions. The $5,000 donation to the church is allowable. The artwork donated to the local art museum is deductible to its basis, $2,000. Although it is appreciated property, Smith held the property for only four months, making it short-term capital gain property. Donations of short-term capital gain property are deductible to the donor to the extent of his/her adjusted basis. The contribution to a needy family is not a deductible contribution, as it was not made to a qualifying organization.
Smith, a single individual, made the following charitable contributions during the current year. Smith’s adjusted gross income is $60,000.
Choice "c" is incorrect. This choice includes all three contributions. It erroneously includes the artwork at its fair market value as well as including the donation to the needy family, which is not a deductible donation.
Contribution to a needy family 1,000
What amount should Smith deduct as a charitable contribution?
a. $5,000
b. $8,000
c. $9,000
d. $7,000
anation
Choice "d" is correct. This question is asking for the actual deduction and requires the candidate to determine which items are deductible charitable contributions. The $5,000 donation to the church is allowable. The artwork donated to the local art museum is deductible to its basis, $2,000. Although it is appreciated property, Smith held the property for only four months, making it short-term capital gain property. Donations of short-term capital gain property are deductible to the donor to the extent of his/her adjusted basis. The contribution to a needy family is not a deductible contribution, as it was not made to a qualifying organization.
美国CPA考试历年真题精选及详细解析1108-18
Explanation
Choice "b" is correct. A tax return preparer may discloon without the taxpayer\\'s consent to beevaluated by a quality or peer review.
d.Negotiating a client\\'s tax refund check when the CPA prepared the tax return.
Explanation
Choice "c" is correct.The IRS does not impose a penalty on a CPA for making an error in calculating a tax return.
Choices "d", "a", and "c" are incorrect. They would all require the taxpayer\\'s consent.
2.Which,if any,of the following could result in penalties against an income tax return preparer?
I.Knowing or reckless disclosure or use of tax information obtained in preparing a return.
II.A willful attempt to understate any client\\'s tax liability on a return or claim for refund.
Choice "b" is correct. A tax return preparer may discloon without the taxpayer\\'s consent to beevaluated by a quality or peer review.
d.Negotiating a client\\'s tax refund check when the CPA prepared the tax return.
Explanation
Choice "c" is correct.The IRS does not impose a penalty on a CPA for making an error in calculating a tax return.
Choices "d", "a", and "c" are incorrect. They would all require the taxpayer\\'s consent.
2.Which,if any,of the following could result in penalties against an income tax return preparer?
I.Knowing or reckless disclosure or use of tax information obtained in preparing a return.
II.A willful attempt to understate any client\\'s tax liability on a return or claim for refund.
美国CPA考试历年真题精选及详细解析1108-37
Choice "b" is incorrect. The attainment of the proper balance between professional experience and formal education is related to the training and proficiency requirement rather than to the requirement of due care.
b. The lead and concurring partners are subject to a five year time out period.
c. All audit partners must rotate off the audit engagement after five years.
d. Other audit partners are subject to a two year time out period.
答案：C
Explanation
Choice "c" is correct. This statement is incorrect. Under the SEC\\'s rules, the lead and concurring partner must rotate off the engagement after five years and other audit partners must rotate after seven years. (Note that the IFAC Code of Ethics requires that the lead and engagement quality review partners on public company audits rotate after no more than seven years.)
b. The lead and concurring partners are subject to a five year time out period.
c. All audit partners must rotate off the audit engagement after five years.
d. Other audit partners are subject to a two year time out period.
答案：C
Explanation
Choice "c" is correct. This statement is incorrect. Under the SEC\\'s rules, the lead and concurring partner must rotate off the engagement after five years and other audit partners must rotate after seven years. (Note that the IFAC Code of Ethics requires that the lead and engagement quality review partners on public company audits rotate after no more than seven years.)
美国CPA考试REG法规历年真题精选及详细解析1108-2
d.All "feeder" organizations, primarily conducting business for profit, but distributing 100% of their profits to organizations exempt from income tax.
答案：C
4.A tax return preparer is subject to a penalty for knowingly or recklessly disclosing corporate return information, if the disclosure is made:
a. To enable the tax processor to electronically compute the taxpayer\'s liability.
D. I, II, and III.
答案：A
3.Which one of the following types of organizations qualifies asan organization exempt from income tax?
a.An "action" organization established for the purpose of influencing legislation pertaining to protection of animal rights.
答案：C
2.An instrument that is otherwise negotiable on its face states “Pay to Jenny Larson.” Which of the following statements is (are) correct?
答案：C
4.A tax return preparer is subject to a penalty for knowingly or recklessly disclosing corporate return information, if the disclosure is made:
a. To enable the tax processor to electronically compute the taxpayer\'s liability.
D. I, II, and III.
答案：A
3.Which one of the following types of organizations qualifies asan organization exempt from income tax?
a.An "action" organization established for the purpose of influencing legislation pertaining to protection of animal rights.
答案：C
2.An instrument that is otherwise negotiable on its face states “Pay to Jenny Larson.” Which of the following statements is (are) correct?
美国CPA考试历年真题精选及详细解析1108-17
Choice "b" is incorrect. The auditor may apply acceptable alternative procedures to audit inventory.
Choice "d" is incorrect. The auditor can accept the engagement and obtain an understanding of the client\\'s operations and industry after acceptance.
2.Which of the following auditor concerns most likely could be so serious that the auditor concludes that a financial statement audit cannot be performed?
a.Management is dominated by one person who is also the majority stockholder.
b.Management fails to modifges in information technology.
Explanation
Choice "c" is correct. Intentional misapplication of accounting principles would indicate that management lacks integrity and as a result, the auditor might conclude that a financial statement audit cannot be performed.
Choice "d" is incorrect. The auditor can accept the engagement and obtain an understanding of the client\\'s operations and industry after acceptance.
2.Which of the following auditor concerns most likely could be so serious that the auditor concludes that a financial statement audit cannot be performed?
a.Management is dominated by one person who is also the majority stockholder.
b.Management fails to modifges in information technology.
Explanation
Choice "c" is correct. Intentional misapplication of accounting principles would indicate that management lacks integrity and as a result, the auditor might conclude that a financial statement audit cannot be performed.
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c. To verify the initial investment in each partnership entity unless Shore has reason to believe that the information is incorrect.
d. To request the complete partnership returns of the partnership entities unless Shore has reason to believe that the information is incorrect.
a. To verify the client\'s basis by examining client\'s records from the initial investment to the present.
b. To accept the information without further inquiry unless Shore has reason to believe that the information is incorrect.
美国CPA考试历年真题精选及详细解析1108-72
1.Thompson\'s spouse died in Year 1. Thompson did not remarry in Year 2 and lived alone the entire year. What is Thompson\'s Year 2 filing status?
a. To enable the tax processor to electronically compute the taxpayer\'s liability.
b. To enable a third party to solicit business from the taxpayer.
c. Under an administrative order by a state agency that registers tax return preparers.
d.As an itemized deduction subject to the 2%
答案：c
5. A tax return preparer is subject to a penalty for knowingly or recklessly disclosing corporate return information, if the disclosure is made:
d. For peer review.
答案：B
a. Surviving spouse.
b. Head of household.
c. Single.
d. Married filing jointly.
答案：C
2.Expla the surviving spouse can file married filing jointly for that year under an exception to the end-of-year test. But this question is about Year 2，Thompson\'s spouse died in Year 1. Thompson did not remarry in Year 2 and lived alone the entireyear.What is Thompson\'s Year 2 filing status?
答案：b
4.How may taxes paid by an individual to a foreign country be treated?
a.As an adjustment to gross income.
b.As a nondeductible expense.
c.As a credit against federal income taxes due.
a. Surviving spouse.
b. Head of household.
c. Single.
d. Married filing jointly.
答案：C
3. CPA-08406 Shore, a paid tax return preparer, was given three partnership Schedule K-1 forms by client Fuller. Fuller is a limited partner in each of the partnerships. The K-1s disclosed small passthrough losses allocated to Fuller. Fuller had passive income in excess of these losses from other partnerships. According to the AICPA Statements on Standards for Tax Services, assuming that no at-risk limitations apply, what is Shore\'s professional responsibility regarding the reporting of these partnership losses on Fuller\'s federal income tax return?
d. To request the complete partnership returns of the partnership entities unless Shore has reason to believe that the information is incorrect.
a. To verify the client\'s basis by examining client\'s records from the initial investment to the present.
b. To accept the information without further inquiry unless Shore has reason to believe that the information is incorrect.
美国CPA考试历年真题精选及详细解析1108-72
1.Thompson\'s spouse died in Year 1. Thompson did not remarry in Year 2 and lived alone the entire year. What is Thompson\'s Year 2 filing status?
a. To enable the tax processor to electronically compute the taxpayer\'s liability.
b. To enable a third party to solicit business from the taxpayer.
c. Under an administrative order by a state agency that registers tax return preparers.
d.As an itemized deduction subject to the 2%
答案：c
5. A tax return preparer is subject to a penalty for knowingly or recklessly disclosing corporate return information, if the disclosure is made:
d. For peer review.
答案：B
a. Surviving spouse.
b. Head of household.
c. Single.
d. Married filing jointly.
答案：C
2.Expla the surviving spouse can file married filing jointly for that year under an exception to the end-of-year test. But this question is about Year 2，Thompson\'s spouse died in Year 1. Thompson did not remarry in Year 2 and lived alone the entireyear.What is Thompson\'s Year 2 filing status?
答案：b
4.How may taxes paid by an individual to a foreign country be treated?
a.As an adjustment to gross income.
b.As a nondeductible expense.
c.As a credit against federal income taxes due.
a. Surviving spouse.
b. Head of household.
c. Single.
d. Married filing jointly.
答案：C
3. CPA-08406 Shore, a paid tax return preparer, was given three partnership Schedule K-1 forms by client Fuller. Fuller is a limited partner in each of the partnerships. The K-1s disclosed small passthrough losses allocated to Fuller. Fuller had passive income in excess of these losses from other partnerships. According to the AICPA Statements on Standards for Tax Services, assuming that no at-risk limitations apply, what is Shore\'s professional responsibility regarding the reporting of these partnership losses on Fuller\'s federal income tax return?