تست کارشناسی ارشد حسابداری

1- Two measures that or of interest to stockholders in evaluating the dividend policy of the firm are the dividend yield and the dividend…..

1) per share

2) payout ratios

3) received

4) per common stock

2- Sometimes, accounting estimates have to be revised to reflect new financial information. In such cases, …..

 1) the cumulative effect of these changes is not recorded

2) prior statements are revised.

3) Correction entries involving retained earning are made

4) The change affects both the past and the future

3- If 100,000 shares of common stock, having a par value of one dollar per share, were sold for a price of 10 dollars per share, what figure would the paid-in-surplus show?

1) 1,000,000 dollars

2) 100,000 dollars

3) 1,100,000 dollars

4) 900,000 dollars

4- If the stock is issued at a price above par the account ….

1) premium on common stock will be debited

2) discount on common stock will be credited

3) paid-in-capital in excess of par will be credited

4) capital stock will be credited

5- Cumulative preferred stock is entitled to …..

1) cash dividends only if they are earned

2) cash dividends whether or not the company earns them

3) a stated rate of dividends and also profit share available to common stock

4) Receive dividends even when the company does not have sufficient current earnings.

6- When the books at a branch are closed …..

1) Income Summary is debited and Home Office is credited

2) Home Office is debited and Income Summary is credited

3) Branch current is debited and Home Office current is credited

4) Home Office Control is debited and Home Office current is credited

7- In preparing the annual financial statements for the company ……

1) The branches should be regarded as separate accounting entities

2) The home office and branches should be considered affiliated companies

3) The sales agencies should be assumed separate legal entitles

4) The home office and branches should be considered

8- The determination of whether a company is producing products efficiently and effectively is included in…..

1) compliance auditing

2) performance auditing

3) financial auditing

4) governmental auditing

9- Which of the following best describes the operational audit?

1) It requires constant review by internal auditors of the administrative controls as they relate to the operations of the company

2) It concentrates on implementing financial and accounting controls in a newly organized company.

3) It concentrates on seeking out aspects of operations in which waste would be reduced by the introduction of controls.

4) It is designed to verify the fair presentation of a company’s result of operations.

10- Operational auditors should review operations and programs to ascertain whether….

1) results are consistent with established goals and objectives

2) the rules, regulations, and policies, having significant impact on operations, have been complied with

3) the financial statement have been audited in accordance with GAAP.

4) the balance sheet reflects the financial position of the company under consistency principle

11- The tree types of accounting changes are change in accounting principle, change in accounting estimate and …..

1) correction of prior period errors

2) change in depreciation method

3) change in reporting entity

4) correction of inventory method

12- The ability of a business unit to pay its long-term obligations when they become due is referred to as its…..

1) liquidity

2) solvency

3) working capital

4) current ratio

13- The ratio of net sales to assets is a good means of comparing companies in regard to their…..

1) utilization of assets

2) profit per share

3) profit margin

4) liquidity

14- The method of recording the uncollectible accounts expense at the time of actual customer uncollectibility is known as ……. Method.

1) the credit sales

2) the receivables analysis

3) the allowance

4) the direct write-off

15- If a company wishes to keep its taxes to a minimum, it should select ….. method.

1) the process

2) the FIFO

3) the weighted average

4) the LIFO

16- The inventory valuation method which is based upon the determination of unit price by dividing the total cost of goods available for sale by the total number of available  units is known as …… method

1) the weighted average

2) the FIFO

3) the LIFO

4) the specific identification

17- As compared to financial accounting, which is concerned with historical aspects of external reporting, management accounting emphasizes the use of the cost data for …..

1) stockholders and creditors

2) external financial statement users

3) planning and decision making

4) internal auditor

18- Management accounting does not primarily include the responsibility for….

1) the provision of financial information to managers

2) the preparation of the financial statements

3) the evaluation and controlling

4) the planning and decision-making activities

19- The governmental funds category is made up of the general fond, special revenue funds, ….

1) capital projects funds, and debt service funds

2) trust funds, capital projects funds, and debt service funds

3) capital projects funds, debt service funds, and enterprise funds

4) the general fixed assets account group, and the general long-term debt account group

20- The general fixed assets account group should be used to account for fixed assets constructed or acquired to be used in the operations accounted for by …… fund.

1) an internal service

2) a special revenue

3) an enterprise

4) a nonexpendable trust