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、 An employer\\'s obligation fｏｒpostretirement health benefits that are expected tobe provided to ｏｒfｏｒan employee must be fully accrued by the date the:

a. Benefits are paid.

b. Employee retires.

c. Employee is fully eligible fｏｒbenefits.

d. Benefits are utilized.

答案：c

二、Big Brown Corporation\\'s derivative investments had the following fair values at December 31, Year 1 ａｎｄ　December 31, Year 2:

12/31/Year 1 12/31/Year 2

Speculative derivatives

$280,000 $310,000

Derivatives used as fair value hedges

$600,000 $745,000

Derivatives used as cash flow hedges

$430,000 $510,000

The derivatives used as fair value hedges ａｎｄ　cash flow hedges were both considered highly effective in Year 2. What amount of gain from these derivative investments should Big Brown report in its Year 2 net income ａｎｄ　other comprehensive income?

Net Income OCI

a. $0 $255,000

b. $80,000 $175,000

c. $175,000 $80,000

d. $255,000 $0

答案：c

三、On June 19, Don Co., a U.S. company, sold ａｎｄ　delivered merchandise on a 30-day account to Cologne GmbH, a German corporation, fｏｒ200,000 euros. On July 19, Cologne paid Don in full. Relevant currency exchange rates were:

June 19 July 19

Spot rate $.988 $.995

30-day forward rate .990 1.000

What amount should Don record on June 19 as an account receivable fｏｒits sale to Cologne?

a. $199,000

b. $198,000

c. $197,600

d. $200,000

答案：c

四、Gains ａｎｄ　losses from changes in the fair value of a derivative designated ａｎｄ　qualified as a fair value hedge should be:

a. Recognized as a component of other comprehensive income in the period in which the fair value of the derivative changes.

b. Recognized in current net income in the period in which the fair value of the derivative changes.

c. Disregarded until the derivative is settled.

d. Recognized as a deferred debit ｏｒdeferred credit in the balance sheet until the derivative is settled.

答案：a

五、North Corp. has an employee benefit plan fｏｒcompensated absences that gives employees 10 paid vacation days ａｎｄ　10 paid sick days. Both vacation ａｎｄ　sick days can be carried over indefinitely. Employees can elect to receive payment in lieu of vacation days; however, no payment is given fｏｒsick days not taken. At December 31, North\\'s unadjusted balance of liability fｏｒcompensated absences was $21,000. North estimated that there were 150 vacation days ａｎｄ　75 sick days available at December 31. North\\'s employees earn an average of $100 per day. In its December 31 balance sheet, what amount of liability fｏｒcompensated absences is North required to report?

a. $21,000

b. $22,500

c. $36,000

d. $15,000

答案：d

六、At December 31, Year 1, Grey, Inc. owned 90% of Winn Corp., a consolidated subsidiary, ａｎｄ　20% of Carr Corp., an investee in which Grey cannot exercise significant influence. On the same date, Grey had receivables of $300,000 from Winn ａｎｄ　$200,000 from Carr. In its December 31, Year 1 consolidated balance sheet, Grey should report accounts receivable from affiliates of:

a. $200,000

b. $230,000

c. $500,000

d. $340,000

答案：a

七、P Co. purchased term bonds at a premium on the open market. These bonds represented 20 percent of the outstanding class of bonds issued at a discount by S Co., P\\'s wholly owned subsidiary. P intends to hold the bonds until maturity. In a consolidated balance sheet, the difference between the bond carrying amounts in the two companies would be:

a. Included as an increase to retained earnings.

b. Reported as a deferred credit to be amortized over the remaining life of the bonds.

c. Included as a decrease to retained earnings.

d. Reported as a deferred debit to be amortized over the remaining life of the bonds.

答案：c

八、Taylor, an unmarried taxpayer, had $90,000 in adjusted gross income fｏｒthe current year. During the current year, Taylｏｒdonated lａｎｄ　to a church ａｎｄ　made no other contributions. Taylｏｒpurchased the lａｎｄ　15 years ago as an investment for

$14,000. The land\\'s fair market value was $25,000 on the day of the donation. What is the maximum amount of charitable contribution that Taylｏｒmay deduct as an itemized deduction fｏｒthe lａｎｄ　donation fｏｒthe current year?

a. $11,000

b. $25,000

c. $0

d. $14,000

答案：b

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