CFA Level 1 － 模考试题(2)(AM) Q56-60 maroon, normal, 考试题, style, class

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Question 56

 

 

Fred Company has a deferred tax liability of $1,200,000. If Fred's tax rate increases from 30% to 40%, the company will increase its deferred tax liability to reflect the change in the tax rate, and will also increase its:

 

 

A)    income tax expense by $120,000.

B)   taxes payable by $400,000.

C)   income tax expense by $400,000.

D)   taxes payable by $120,000.

Question 57

Arlington, Inc. uses the first in, first out (FIFO) inventory cost flow assumption. Beginning inventory and purchases of refrigerated containers for Arlington were as follows:

	Units	Unit Cost	Total Cost
Beginning Inventory	20	$10,000	$200,000
Purchases, April	10	12,000	120,000
Purchases, July	10	12,500	125,000
Purchases, October	20	15,000	300,000

In November, Arlington sold 35 refrigerated containers to Johnson Company. What is the cost of goods sold assigned to the 35 sold containers?

 

 

A)    $485,000.

B)   $434,583.

C)   $382,500.

D)   $416,667.

Question 58

Balance sheet data for Roland Corp. for the year ended December 31, 20X2 was as follows (in $):

Cash	$100,000
Accounts Receivable	300,000
Inventories	150,000
Franchise (net of amortization of $350,000)	525,000
Property, Plant & Equipment	260,000
Total Assets	$1,335,000

• Net income for Roland for 20X2 was $120,000.

• Roland acquired a franchise at the beginning of 20X1 at a cost of $875,000, which was being amortized over a five-year period.

Ignoring income taxes, if the franchise cost had been expensed in 20X1 instead of being amortized, Roland's return on total assets at year-end 20X2 would be closest to:

 

 

A)    22.1%.

B)   14.8%.

C)   36.4%.

D)   58.0%.

Question 59

 

 

Which of the following pairs of general categories are least likely to be considered in the formulas used by credit rating agencies to determine the capacity of a borrower to repay a debt?

 

 

A)    Margin stability; availability of collateral.

B)   Scale and diversification; leverage.

C)   Operational efficiency; leverage.

D)   Margin stability; scale and diversification.

Question 60

 

 

On December 31, Modern Company issued 1,000 10-year, $1,000 face value, 8% coupon bonds to yield 7%. The bonds pay interest semiannually. On its balance sheet Modern should record bonds payable of:

 

 

A)    $1,062,053.

B)   $937,947.

C)   $1,071,062.

D)   $1,000,000.

[此贴子已经被作者于2008-11-8 14:06:54编辑过]

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