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2 Which of the following are correct?1. The balance sheet value of inventory should be as close as possible to net realisable value.2. The valuation of finished goods inventory must include production overheads.3. Production overheads included in valuing
题目
2 Which of the following are correct?
1. The balance sheet value of inventory should be as close as possible to net realisable value.
2. The valuation of finished goods inventory must include production overheads.
3. Production overheads included in valuing inventory should be calculated by reference to the company’s normal
level of production during the period.
4. In assessing net realisable value, inventory items must be considered separately, or in groups of similar items,
not by taking the inventory value as a whole.
A 1 and 2 only
B 3 and 4 only
C 1 and 3 only
D 2, 3 and 4
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第1题：
10 Which of the following costs should be included in valuing inventories of finished goods held by a manufacturing
company, according to IAS2 Inventories?
1 Carriage inwards.
2 Carriage outwards.
3 Depreciation of factory plant.
4 Accounts department costs relating to wages for production employees.
A All four items
B 2 and 3 only
C 1, 3 and 4 only
D 1 and 4 only
正确答案：C
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第2题：
20 Which of the following events occurring after the balance sheet date are classified as adjusting, if material?
1 The sale of inventories valued at cost at the balance sheet date for a figure in excess of cost.
2 A valuation of land and buildings providing evidence of an impairment in value at the year end.
3 The issue of shares and loan notes.
4 The insolvency of a customer with a balance outstanding at the year end.
A 1 and 3
B 2 and 4
C 2 and 3
D 1 and 4
正确答案：B
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第3题：
5 Which of the following events after the balance sheet date would normally qualify as adjusting events according
to IAS 10 Events after the balance sheet date?
1 The bankruptcy of a credit customer with a balance outstanding at the balance sheet date.
2 A decline in the market value of investments.
3 The declaration of an ordinary dividend.
4 The determination of the cost of assets purchased before the balance sheet date.
A 1, 3, and 4
B 1 and 2 only
C 2 and 3 only
D 1 and 4 only
正确答案：D
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第4题：
17 Which of the following statements are correct?
(1) All non-current assets must be depreciated.
(2) If goodwill is revalued, the revaluation surplus appears in the statement of changes in equity.
(3) If a tangible non-current asset is revalued, all tangible assets of the same class should be revalued.
(4) In a company’s published balance sheet, tangible assets and intangible assets must be shown separately.
A 1 and 2
B 2 and 3
C 3 and 4
D 1 and 4
正确答案：C
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第5题：
Merchandise inventory at the end of the year was understated. Which of the following statements correctly states the effect of the error.()A.net income is understated
B.net income is overstated
C.merchandise inventory reported on the balance sheet is overstated
D.cost of merchandise sold is understated
正确答案：A
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第6题：
Which of the following is NOT inventory()?A. accounts receivable
B. raw materials
C. work-in-progress goods
参考答案：C
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第7题：
You are the administrator of a SQL Server 2000 computer. You have two new hard disks on which you will create a database named inventory. You want to insert, update, and delete data as quickly as possible.
Which two actions should you take? (Each correct answer presents parts of the solution. Choose two)
A. Configure the hard disks as two mirrored NTFS volumes.
B. Configure the hard disks as one mirrored NTFS volumes.
C. Configure the hard disks as two independent NTFS volumes.
D. Configure the hard disks as one extended NTFS volume.
E. Place inventory_data.mdf on the first volume and inventory_log.ldf on the second volume.
F. Place inventory_data.mdf on the first volume and inventory_data2.ndf and inventory_log.ldf on the second volume.
G. Place inventory_data.mdf and inventory_log.ldf on the same volume.
正确答案：CE
C,E 解析：Explanation: Placing log files and the data files on different physical disks or independent volumes, and placing the log file of a drive that does not hold the operating system can improve database performance as it allows the frequently written to log file to exist a disk with its own read/write heads and thus less seek time.
Note: A Windows 2000 supports basic disks, in which physical disks are divided into partitions, and dynamic disks, in which disks are divided into volumes that can comprise an entire disk, two or more entire disks, portions of a disk, or portions of up to 32 physical disks.
A NTFS volume is volume that is formatted with the NTFS file system. Physical database design involves mapping the logical design onto physical media to allow for the data to be physically accessed and maintained as quickly as possible by taking advantage of the available hardware and software features. It is important to correctly design the database and to take advantage of hardware and software features early in the development cycle of a database application, because making changes to these components at a later stage it is difficult.
Incorrect Answers:
A: For redundancy and fault protection the log file can be placed on a mirrored volume. It would not be a good idea to put data files on a mirrored volume though. Performance when accessing the data would suffer.
Note: A mirrored volume is a fault-tolerant volume that duplicates data on two physical disks. It provides data redundancy as it copies the data on one volume to another volume on a different disk. When one of the physical disks fails, the data on the failed disk becomes unavailable, but the system can continue to operate by using the mirror disk. In such a set up, the data file and the log file will reside on the same drive. This will not improve database performance.
B: A mirrored volume cannot comprise of one volume only. It must comprise of two volumes on separate physical disks as a mirrored volume is a fault-tolerant volume that duplicates data on two physical disks. When one of the physical disks fails, the data on the failed disk becomes unavailable, but the system can continue to operate by using the mirror disk.
D: Data is written and read sequentially on extended volumes. As a result the data file and the log file will be placed on the same physical disk.
F: In this scenario the data file is separated into a primary data file, that uses the .mdf extension, and a secondary data file, that uses the .ndf extension. However, the secondary data file is placed on the same volume as the log file. This will lead to performance improvements only in cases where data is not read from the secondary data file.
G: Placing the data file and the log file on the same volume will not improve database performance as it will not allow parallel processing.
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第8题：
You want to create a temporary table named OLD_INVENTORY in the OLD_INVENTORY database on the master server. This table is not to be replicated to the slave server. Which two changes would ensure that the temporary table does not propagate to the slave?（）
- A、Use the – replicate-do-db, — replicate-do-table, or – replicate-wild-do-table option with the value equal to OLD_INVENTORY
- B、Change the binlog_format option to ROW and restart mysqld before you create the OLD_INVENTORY table
- C、Stop SQL_THREAD on the slave until you have finished using the OLD_INVENTORY temporary table
- D、Set binlog_format=MIXED with the – replicate-ignore-temp-table option
- E、Use the – replicate-ignore-table option with the value equal to OLD_INENTORY.OLD_INVENTORY and restart mysqld before creating the temporary table
正确答案:B,E -
第9题：
Which of the following procedure should be performed prior to delivery and generally involves running a suite of operations so as to verify that the solution is applicable for production?（）
- A、Security Check
- B、Acceptance Testing
- C、Project Close Out
- D、Systems Integration
正确答案:B -
第10题：
Can an item balance ever be allowed to be negative？ （）
- A、 never
- B、 always
- C、 depends on which item
- D、 depends on if it is allowed in the Inventory Default settings
正确答案:D -
第11题：
单选题Which of the following statements concerning cargo is correct?（）ACargoes are any type of goods transported by any type of ships
BCargoes are goods transported in bulk
CCargoes usually include goods transported in bulk and in containers
DCargoes are usually packaged in containers
正确答案： D解析： 暂无解析 -
第12题：
单选题Which inventory management feature of WebSphere Commerce Accelerator should a user with the Buyer （sell-side） role use to record inventory that has been ordered from a vendor， so that backorders can be allocated against this inventory？（）AAd Hoc
BExpected
CFuture
DOrdered
EPlanned
正确答案： D解析： 暂无解析 -
第13题：
16 Which of the following statements about accounting concepts and conventions are correct?
(1) The entity concept requires that a business is treated as being separate from its owners.
(2) The use of historical cost accounting tends to understate assets and profit when prices are rising.
(3) The prudence concept means that the lowest possible values should be applied to income and assets and the
highest possible values to expenses and liabilities.
(4) The money measurement concept means that only assets capable of being reliably measured in monetary terms
can be included in the balance sheet of a business.
A 1 and 2
B 2 and 3
C 3 and 4
D 1 and 4
正确答案：D
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第14题：
22 Which of the following statements about limited liability companies’ accounting is/are correct?
1 A revaluation reserve arises when a non-current asset is sold at a profit.
2 The authorised share capital of a company is the maximum nominal value of shares and loan notes the company
may issue.
3 The notes to the financial statements must contain details of all adjusting events as defined in IAS10 Events after
the balance sheet date.
A All three statements
B 1 and 2 only
C 2 and 3 only
D None of the statements
正确答案：D
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第15题：
12 Which of the following statements are correct?
(1) Contingent assets are included as assets in financial statements if it is probable that they will arise.
(2) Contingent liabilities must be provided for in financial statements if it is probable that they will arise.
(3) Details of all adjusting events after the balance sheet date must be given in notes to the financial statements.
(4) Material non-adjusting events are disclosed by note in the financial statements.
A 1 and 2
B 2 and 4
C 3 and 4
D 1 and 3
正确答案：B
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第16题：
2 The draft financial statements of Rampion, a limited liability company, for the year ended 31 December 2005
included the following figures:
$
Profit 684,000
Closing inventory 116,800
Trade receivables 248,000
Allowance for receivables 10,000
No adjustments have yet been made for the following matters:
(1) The company’s inventory count was carried out on 3 January 2006 leading to the figure shown above. Sales
between the close of business on 31 December 2005 and the inventory count totalled $36,000. There were no
deliveries from suppliers in that period. The company fixes selling prices to produce a 40% gross profit on sales.
The $36,000 sales were included in the sales records in January 2006.
(2) $10,000 of goods supplied on sale or return terms in December 2005 have been included as sales and
receivables. They had cost $6,000. On 10 January 2006 the customer returned the goods in good condition.
(3) Goods included in inventory at cost $18,000 were sold in January 2006 for $13,500. Selling expenses were
$500.
(4) $8,000 of trade receivables are to be written off.
(5) The allowance for receivables is to be adjusted to the equivalent of 5% of the trade receivables after allowing for
the above matters, based on past experience.
Required:
(a) Prepare a statement showing the effect of the adjustments on the company’s net profit for the year ended
31 December 2005. (5 marks)
正确答案：
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第17题：
During a period of falling prices, which of the following inventory s generally results in the lowest balance sheet amount for inventory. ()A.can not tell without more ination
B.average
C.LIFO
D.FIFO
正确答案：D
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第18题：
A balance sheet is simply the enumeration of the various assets of a business on one side of a ledger and the enumeration of various liabilities and (61) accounts on the other side. The two sides must be equal, or balance. Only one further point should be (62) : A balance sheet refers to a single point in time, for example, the close of business on December 31. Taken by itself, a balance sheet does not show (63) over time. It is what economists call a stock concept, not a (64) concept. That is, the balance sheet shows the stock of goods a firm has on hand at any particular instant and does not show the flow of goods through the firm over time. For this reason, a balance sheet does not show business (65) , which are a flow.
(46)
A．profit
B．capital
C．income
D．cash
正确答案：B
解析：资产负债表分为三部分：资产、负债、所有者权益。capital accounts等于owner's equity。 -
第19题：
M company is a manufactory which produces toys.The budgeted production and sales of the company are both expected to be 200 units in the coming year, the budgeted selling price is $ 370 per unit. The following information mimes to the costs of producing 200 toys:
Per unit ($) Total ($)
Direct material costs 1 50 30 000
Direct labor costs 80 1 6 000
Variable production overheads 50 10 000
Variable selling and administration overheads 30 6 000
Fixed production overheads 6 000
Fixed selling and administration overheads 3 000
Requirement：
A.Calculate the total contribution margin.
B.Calculate the amounts of profit at the budgeted level of production.
C.Calculate the break - even point in units and the margin of safety.
D.If M company desires a profit of$4 800, calculate the number of units that it must produce and sell.
答案：解析：A.Total contribution margin=370*200 - (150 +80 +50 +30) *200 =12 000
B.The amounts of profit at the budgeted level of production=12 000 -(6 000 +3 000) =3 000
C.Break - even point in units= (6 000 +3 000)/(3 70 - 310) =150
The marsin of safety= (200 - 150) *370 =18 500
D.4 800= (370 - 310) *Q-9 000
The number of units = (4 800 +9 000)/ (370 -310) =230
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第20题：
（） is an inventory strategy companies employ to increase efficiency and decrease waste by receiving goods only as they are needed in the production process， thereby reducing inventory costs.
- A、Enterprise Resource Planning
- B、Efficient Consumer Response
- C、Just in Time
- D、Quick Response
正确答案:C -
第21题：
A technician replacing a CRT monitor and the battery inside of a UPS wishes to dispose of thereplaced hardware. Which of the following should the technician do to BEST ensure properdisposal?（）
- A、Store equipment in IT inventory.
- B、Donate to a local nonprofit organization.
- C、Follow local government regulations for disposal.
- D、Affix MSDS sheet to items for the waste management company.
正确答案:C -
第22题：
Which inventory management feature of WebSphere Commerce Accelerator should a user with the Buyer （sell-side） role use to record inventory that has been ordered from a vendor， so that backorders can be allocated against this inventory？（）
- A、Ad Hoc
- B、Expected
- C、Future
- D、Ordered
- E、Planned
正确答案:B -
第23题：
问答题Practice 6 You should spend about 40 minutes on this task. Write about the following topic: An increase in production of consumer goods results in damage of the natural environment, what are the causes and possible solutions? Give reasons for your answer and include any relevant examples from your own knowledge or experience. Write at least 250 words.正确答案： 【参考范文】
An increase in production of consumer goods results in damage of the natural environment, what are the causes and possible solutions?
A hot debate goes on and on for effective remedies to solve the plight between the increasing consumer goods and environmental problems. And so much attention paid on this difficult issue. From my perspective, I believe that some major environment impairing is tightly related to modern consumerism and I will put forward solutions then.
To begin with, the fast step of modern lifestyle contributes to the rubbish increase, since so many people prefer the use of disposable items for the convenience's sake. As a result, excessive garbage has been accumulating on our earth. The favor of disposables, hence, should take the blame. Products are ready to be thrown away since they have been manufactured. Subsequently, either the creation or dumping of popular products bringing great harm to the residents nearby since that they will release tremendous poisonous elements .in the air, soil, even in the sea. While, even when people come to realize their evil, they remain pursuing their profits regardless of any side effects to the environment.
Second, the relentless pursuit of consumerism also contributes a lot to the issue mentioned above. For example, animals are sacrificed to devote their fur or leather for human's vanity, giving rise to the lost of bio-diversification danger. Besides, the crazy hunger for luxury goods leading to the shrinking of Amazon forest or mangrove along the shores, results in abnormal climate world-wide. Motor vehicle and aircraft are the most notorious examples in this regard. A vicious circle might be just around the corner if man does not learn how to resist the endless obsession of consumerism. The global warming is a sign of future risk and we should take measures to solve the problem.
In response to solve this increasing adverse effect, some viable solutions must be put forward. To begin with, carbon-footprint cutting, committed by political figures and scientists globally, is a good start. Then, If possible, government should take stronger and harsher measures to combat the littering behavior, such as hefty fines. Last but not least, people must be called on to live simpler life—less luxurious consumer goods.
All in all, as is indicated above, it is inevitable that the higher pressure of population and over—industrialization will lead to larger scale of consumer goods production. In a whole, the major reasons why consumer goods production deteriorates the ecosystem and measures proposed have been listed above.解析： 暂无解析