答案和详解如下： Q46. The value of December 31, 2006, gross property, plant, and equipment reported in USD is: A) $400,000,000. B) $304,000,000. C) $313,000,000. Correct answer is A) Because the operations are independent from the parent, the all-current method will be used. Fixed assets should be accounted for at the current rate. The value is 0.5 × 800,000,000 = $400,000,000. Q47. The amount of 2006 depreciation expense in USD is: A) $36,000,000. B) $30,400,000. C) $40,000,000. Correct answer is A) Because the operations are independent from the parent, the all-current method will be used. Depreciation should be accounted for at the average rate for the past year. The amount of depreciation is 0.45 × 80,000,000 = $36,000,000. Q48. The value of December 31, 2006, inventory reported in USD is: A) $55,000,000. B) $49,500,000. C) $51,700,000. Correct answer is A) Because the operations are independent from the parent, the all-current method will be used. Inventory should be accounted for at the current rate. The value is 0.50 × 110,000,000 = $55,000,000. Q49. The value of all financing debt (notes payable, current portion of long-term debt, and long-term debt) on December 31, 2006, reported in USD is: A) $171,000,000. B) $202,500,000. C) $225,000,000. Correct answer is C) Because the operations are independent from the parent, the all-current method will be used. All debt is considered a monetary liability and should be accounted for at the current rate. The value is 0.50 × 450,000,000 = $225,000,000. Q50. The combined value of the common stock and paid in capital on December 31, 2006, reported in USD is: A) $63,000,000. B) $55,500,000. C) $75,000,000. Correct answer is B) Because the operations are independent from the parent, the all-current method will be used. Common stock should be accounted for at the historical rate—the rate in effect when it was issued. The value is 0.37 × 150,000,000 = $55,500,000. |
发表于 2009-1-17 16:15
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