24周年

财税实务 高薪就业 学历教育
APP下载
APP下载新用户扫码下载
立享专属优惠

安卓版本:8.7.50 苹果版本:8.7.50

开发者:北京正保会计科技有限公司

应用涉及权限:查看权限>

APP隐私政策:查看政策>

HD版本上线:点击下载>

美国CPA模拟试题:公司内部交易(二)

来源: 正保会计网校 编辑: 2015/02/10 11:11:24 字体:

In its financial statements, Pare, Inc. accounts for its 15% ownership of Sabe Co. as an available-for-sale security. At December 31, Year 1, Pare has a receivable from Sabe. How should the receivable be reported in Pare's December 31, Year 1, balance sheet?

a. The total receivable should be included as part of the investment in Sabe, without separate disclosure.

b. The total receivable should be offset against Sabe's payable to Pare, without separate disclosure.

c. The total receivable should be reported separately.

d. Eighty-five percent of the receivable should be reported separately, with the balance offset against Sabe's payable to Pare.

Explanation

Choice "c" is correct; the total receivable should be reported separately.

Rule: When a company owns less than 50% of the common stock of an investee corporation, the investment account can be reported under the cost or equity method, depending on whether significant influence is exercised. Receivables and payables to the investee are reported separately on the balance sheet.

Choice "a" is incorrect. The receivable is not part of the investment.

Choice "d" is incorrect. 100% must be disclosed and there can be no elimination.

Choice "b" is incorrect. Receivables and payables must be presented separately with separate disclosure made in the footnotes.

我要纠错】 责任编辑:蓝色天空

免费试听

  • 章小炎《财务会计与报告》

    章小炎主讲:《财务会计与报告》免费听

  • 李向祎《审计与鉴证》

    李向祎主讲:《审计与鉴证》免费听

限时免费资料

  • 美国注册会计师思维导图

    思维导图

  • 美国注册会计师学习计划

    学习计划

  • 美国注册会计师科目特点

    科目特点

  • 美国注册会计师报考指南

    报考指南

  • 美国注册会计师历年样卷

    历年样卷

  • USCPA常用财会英语词汇

    财会英语

回到顶部
折叠
网站地图

Copyright © 2000 - www.fawtography.com All Rights Reserved. 北京正保会计科技有限公司 版权所有

京B2-20200959 京ICP备20012371号-7 出版物经营许可证 京公网安备 11010802044457号