各位小伙伴大家好，美國CPA考試共有三種題型：選擇題，案例分析題和寫作題，不同科目題型分配不同，為了幫助大家更好地備考，幫考網(wǎng)帶來了練習(xí)題供大家練習(xí)，幫助大家熟悉題型和積累答題經(jīng)驗(yàn)，具體內(nèi)容如下：

1.Kale Co. purchased bonds at a discount on the open market as an investment ａｎｄ　intends to hold these bonds to maturity. Kale should account fｏｒthese bonds at:

a. Fair value.

b. Lower of cost ｏｒmarket.

c. Amortized cost.

d. Cost.

答案：C

Explanation

Choice "c" is correct. Bond investments which are intended to be held until the maturity date are classified as held-to-maturity securities ａｎｄ　are reported at their amortized cost.

Choice "d" is incorrect. Investments in marketable securities are reported at fair value ｏｒat their amortized cost, depending on their classification.

Choice "a" is incorrect. Trading securities ａｎｄ　available-for-sale securities are reported at their fair value.

Choice "b" is incorrect. The lower of cost ｏｒmarket method is no longer used to account fｏｒmarketable securities.

2.On both December 31, Year 1, ａｎｄ　December 31, Year 2, Kopp Co.\\\'s only marketable equity security had the same market value, which was below cost. Kopp considered the decline in value to be temporary in Year 1 but other than temporary in Year 2. At the end of both years the security was classified as an available-for-sale asset. Kopp could not exercise significant influence over the investee. What should be the effects of the determination that the decline was other than temporary on Kopp\\\'s Year 2 net available-for-sale assets ａｎｄ　net income?

a. No effect on both net available-for-sale assets ａｎｄ　net income.

b. No effect on net available-for-sale assets ａｎｄ　decrease in net income.

c. Decrease in both net available-for-sale assets ａｎｄ　net income.

d. Decrease in net available-for-sale assets ａｎｄ　no effect on net income.

答案：B

Explanation

Choice "b" is correct. In Year 1, the security would be written down to fair value. The unrealized holding loss would be reported in other comprehensive income. In Year 2, the unrealized holding loss would be removed from accumulated other comprehensive income ａｎｄ　recognized in earnings as a realized loss since the decline is classified as other than temporary in Year 2. This Year 2 entry has no effect on available-for-sale assets ａｎｄ　decreases net income by the amount of the realized loss.

Choice "a" is incorrect. In Year 2, the unrealized holding loss would be removed from accumulated other comprehensive income ａｎｄ　recognized in earnings as a realized loss.

Choice "d" is incorrect. In Year 1, the security would be written down to fair value. The unrealized holding loss would be reported in other comprehensive income. In Year 2, the unrealized loss would be removed from accumulated other comprehensive income ａｎｄ　recognized in earnings as a realized loss.

Choice "c" is incorrect. In Year 1, the security would be written down to fair value.

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