各位小伙伴大家好，很多想要报考美国CPA考试的考生不知道该如何准备全英文考试，为了帮助大家更好地备考，帮考网为大家带来了练习题供考生练习，帮助大家熟悉题目，具体内容如下：

一、VisｏｒCo. maintains a defined benefit pension plan fｏｒits employees. Under U.S. GAAP, the service cost component of Visor\\'s net periodic pension cost is measured using the:

a. Projected benefit obligation.

b. Expected return on plan assets.

c. Unfunded accumulated benefit obligation.

d. Unfunded vested benefit obligation.

【正确答案】a

二、Red Co. had $3 million in accounts receivable recorded on its books. Red wanted to convert the $3 million in receivables to cash in a more timely manner than waiting the 45 days fｏｒpayment as indicated on its invoices. Which of the following would ａｌｔｅｒthe timing of Red\\'s cash flows fｏｒthe $3 million in receivables already recorded on its books?

a. Change the due date of the invoice.

b. Demａｎｄ　payment from customers before the due date.

c. Discount the receivables outstanding.

d. Factｏｒthe receivables outstanding.

【正确答案】d

三、On December 31, Year 1, Taylor, Inc. signed a binding agreement with a bank fｏｒthe refinancing of an existing note payable scheduled to mature in February, Year 2.The terms of the refinancing included extending the maturity date of the note by three years. On January 15, Year 2, the note was refinanced. How should Taylｏｒreport the note payable in its December 31, Year 1, balance sheet?

a. A current liability.

b. A long-term liability.

c. A long-term note receivable.

d. A current note receivable.

【正确答案】b

四、Gar Co. factored its receivables without recourse with Ross Bank. Gar received cash as a result of this transaction, which is best described as a:

a. Loan from Ross collateralized by Gar\\'s accounts receivable.

b. Sale of Gar\\'s accounts receivable to Ross, with the risk of uncollectible accounts transferred to Ross.

c. Sale of Gar\\'s accounts receivable to Ross, with the risk of uncollectible accounts retained by Gar.

d. Loan from Ross to be repaid by the proceeds from Gar\\'s accounts receivable.

【正确答案】b

五、An entity sponsors a defined benefit pension plan that is underfunded by $800,000. A $500,000 increase in the fair value of plan assets would have which of the following effects on the financial statements of the entity?

a. A decrease in accumulated other comprehensive income of the entity fｏｒthe full amount of the increase in the value of the assets.

b. An increase in the assets of the entity.

c. An increase in accumulated other comprehensive income of the entity fｏｒthe full amount of the increase in the value of the assets.

d. A decrease in the liabilities of the entity.

【正确答案】d

六、Vee Corp. retained Walter, CPA, to prepare its Year 6 income tax return. During the engagement, Wａｌｔｅｒdiscovered that Vee had failed to file its Year 2 income tax return. What is Walter\\'s professional responsibility regarding Vee\\'s unfiled Year 2 income tax return?

a. Advise the IRS that Vee\\'s Year 2 income tax return has not been filed.

b. Prepare Vee\\'s Year 2 income tax return ａｎｄ　submit it to the IRS.

c. Consider withdrawing from preparation of Vee\\'s Year 6 income tax return until the errｏｒis corrected.

d. Advise Vee that the Year 2 income tax return has not been filed ａｎｄ　recommend that Vee ignore filing its Year 2 return since the statute of limitations has passed.

【正确答案】C

七、A tax return preparer may disclose ｏｒuse tax return information without the taxpayer\\'s consent to:

a. Accommodate the request of a financial institution that needs to determine the amount of taxpayer\\'s debt to it, to be forgiven.

b. Solicit additional nontax business.

c. Facilitate a supplier\\'s ｏｒlender\\'s credit evaluation of the taxpayer.

d. Be evaluated by a quality ｏｒpeer review.

【正确答案】d

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