各位小伙伴大家好，很多想要報考美國CPA考試的考生不知道該如何準備全英文考試，為了幫助大家更好地備考，幫考網為大家帶來了練習題供考生練習，幫助大家熟悉題目，具體內容如下：

一、A tax return preparer is not required to:

Audit the corporate records

Examine the business operations

Copy all underlying documents

In preparing a client\\\'s current-year individual income tax return, a tax practitioner discovers an errｏｒin the priｏｒyear\\\'s return. Under the rules of practice, the tax practitioner:

a. Is barred from preparing the current year\\\'s return until the prior-year errｏｒis rectified.

b. Is required to notify the IRS of the error.

c. Must file an amended return to correct the error.

d. Must advise the client of the error.

答案：d

二、According to the FASB ａｎｄ　IASB conceptual frameworks, useful information must exhibit the fundamental qualitative characteristics of:

a. Neutrality ａｎｄ　verifiability.

b. Comparability ａｎｄ　materiality.

c. Faithful representation ａｎｄ　relevance.

d. Understandability ａｎｄ　timeliness.

答案：c

三、According to the FASB ａｎｄ　IASB conceptual frameworks, the primary users of financial reports include all of the following, except:

a. Regulators.

b. Lenders.

c. Creditors.

d. Investors.

答案：a

四、 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.Discount the receivables outstanding.

b.Factｏｒthe receivables outstanding.

c.Demａｎｄ　payment from customers before the due date.

d.Change the due date of the invoice.

答案：b

五、On December 31, Year 1, Paxton Co. had a note payable due on August 1, Year 2. On January 20, Year 2, Paxton signed a financing agreement to borrow the balance of the note payable from a lending institution to refinance the note. The agreement does not expire within one year, ａｎｄ　no violation of any provision in the financing agreement exists. On February 1, Year 2, Paxton was informed by its financial advisｏｒthat the lender is not expected to be financially capable of honoring the agreement. Paxton\\\'s financial statements were issued on March 31, Year 2. How should Paxton classify the note on its balance sheet at December 31, Year 1?

a.As a current liability because the lender is not expected to be financially capable of honoring the agreement.

b.As a long-term liability because no violation of any provision in the financing agreement exists.

c.As a current liability because the financing agreement was signed after the balance sheet date.

d.As a long-term liability because the agreement does not expire within one year.

答案：a

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

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

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

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

答案：c

七、On Merf\\\'s April 30, 1993, balance sheet a note receivable was reported as a noncurrent asｓｅｔａｎｄ　its accrued interest fｏｒeight months was reported as a current asset. Which of the following terms would fit Merf\\\'s note receivable?

a.Principal ａｎｄ　interest are due December 31, 1993.

b.Principal is due August 31, 1994, ａｎｄ　interest is due August 31, 1993, ａｎｄ　August 31, 1994.

c.Both principal ａｎｄ　interest amounts are payable on December 31, 1993, ａｎｄ　December 31, 1994.

d.Both principal ａｎｄ　interest amounts are payable on August 31, 1993, ａｎｄ　August 31, 1994.

答案：b

八、A company has a defined benefit pension plan fｏｒits employees. On December 31, year 1, the accumulated benefit obligation is $45,900, the projected benefit obligation is $68,100, ａｎｄ　the fair value of the plan assets is $62,000.

What amount, if any, related to the definedbenefit plan should be recognized in the balance sheet at December 31, year 1?

a. A liability of $6,100.

b. An unrealized loss of $6,100.

c. Nothing, as the fair value of the plan assets exceeds the accumulated benefit obligation.

d. An asｓｅｔof $16,100.

答案：a

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