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.At the beginning of Year 2, a company invested $40,000 in a marketable equity security. At that time the security was appropriately classified as an available-for-sale security. At the end of Year 2, the security had a fair value of $28,500. The change in fair value is deemed temporary. How should this change in fair value be reported in the financial statements?

a. As a realized loss of $11,500 as part of net income.

b. As an unrealized loss of $11,500 as part of net income.

c. As a realized loss of $11,500 as part of other comprehensive income.

d. As an unrealized loss of $11,500 as part of other comprehensive income.

答案：D

Explanation

Choice “d” is correct. Unrealized gains ａｎｄ　losses on available-for-sale (AFS) securities are booked in other comprehensive income (OCI). Changes in the fair value of the securities will continue to go to OCI until the security is sold, at which point the balance in OCI will be removed ａｎｄ　a realized gain ｏｒloss will be booked on the income statement. Because the security has not been sold, the change in fair value from $40,000 to $28,500 represents an unrealized loss of $11,500, which goes straight to OCI.

Choice “a” is incorrect. This choice would only be correct if the security was actually sold fｏｒ$28,500. Changes in fair value fｏｒAFS securities represent unrealized gains ｏｒlosses which go to OCI.

Choice “c” is incorrect. The loss of $11,500 will go into OCI, but it will be unrealized rather than realized.

Choice “b” is incorrect. Unrealized losses on AFS securities go into OCI rather than onto the income statement.

2.Kale Co. purchased bonds at a discount on the open market as an investment ａｎｄ　intends to hold these bonds to maturity. Kale should account fｏｒthese bonds at:

a. Fair value.

b. Lower of cost ｏｒmarket.

c. Amortized cost.

d. Cost.

答案：C

Explanation

Choice "c" is correct. Bond investments which are intended to be held until the maturity date are classified as held-to-maturity securities ａｎｄ　are reported at their amortized cost.

Choice "d" is incorrect. Investments in marketable securities are reported at fair value ｏｒat their amortized cost, depending on their classification.

Choice "a" is incorrect. Trading securities ａｎｄ　available-for-sale securities are reported at their fair value.

Choice "b" is incorrect. The lower of cost ｏｒmarket method is no longer used to account fｏｒmarketable securities.

以上就是今天分享的全部内容了，希望本文对各位有所帮助，预祝各位取得满意的成绩，如需了解更多相关内容，请关注帮考网！