各位小伙伴大家好，美国CPA考试共有三种题型：选择题，案例分析题和写作题，不同科目题型分配不同，为了帮助大家更好地备考，帮考网带来了练习题供大家练习，帮助大家熟悉题型和积累答题经验，具体内容如下：

1.Beach Co. determined that the decline in the fair value (FV) of an investment was below the amortized cost ａｎｄ　other than temporary. The investment was classified as available-for-sale on Beach\\\'s books. The controller would properly record the decrease in FV under U.S. GAAP by including it in which of the following?

a. Other comprehensive income section of the income statement only.

b. Earnings section of the income statement ａｎｄ　writing down the cost basis to FV.

c. Other comprehensive income section of the income statement, ａｎｄ　writing down the cost basis to FV.

d. Extraordinary items section of the income statement, net of tax, ａｎｄ　writing down the cost basis to FV.

答案：B

Explanation

Choice "b" is correct. When an available-for-sale security is determined to be impaired because of an other than temporary decline in fair value below cost, the asｓｅｔmust be written down to the lower fair value by recording a loss that is recognized on the income statement.

Choice "a" is incorrect. The impairment of an available-for-sale security must be recorded on the income statement. Only gains ａｎｄ　temporary losses on available-for-sale securities are reported in other comprehensive income.

Choice "d" is incorrect. The impairment of an available-for-sale security is reported as a component of income from continuing operations ａｎｄ　is not considered an extraordinary item.

Choice "c" is incorrect. The impairment of an available-for-sale security must be recorded on the income statement. Only gains ａｎｄ　temporary losses on available-for-sale securities are reported in other comprehensive income.

2.A company reporting under IFRS holds a position in BE Corp. bonds that it classifies as available-for-sale. In the previous year, the company recorded an impairment loss related to the bonds. In the current year, the company reversed a portion of the impairment loss. How should the company account fｏｒthe impairment loss reversal on its current year financial statements?

a. Recognize the increase as an adjustment to the previous year\\\'s income statement.

b. Book the reversal to the current year\\\'s other comprehensive income.

c. Book the increase as an adjustment to the previous year\\\'s other comprehensive income.

d. Recognize the reversal to the current year\\\'s income statement.

答案：D

Explanation

Choice "d" is correct. Under IFRS, reversals of impairment losses are allowed ａｎｄ　the increase would be booked to the current year\\\'s income statement.

Choice "b" is incorrect. The increase fｏｒavailable-for-sale debt securities related to an impairment reversal will be report on the income statement ａｎｄ　not in other comprehensive income.

Choice "a" is incorrect. The reversal should be reflected on the current year income statement.

Choice "c" is incorrect. The reversal would not be placed in either the current ｏｒprevious year\\\'s other comprehensive income.

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