2025年06月 AICPA FAR認定リアル2025年最新の模擬試験合格させます
FAR試験問題と有効なFAR問題集でPDF
質問 # 86
Ocean Corp.'s comprehensive insurance policy allows its assets to be replaced at current value. The
policy has a $50,000 deductible clause. One of Ocean's waterfront warehouses was destroyed in a winter
storm. Such storms occur approximately every four years. Ocean incurred $20,000 of costs in dismantling
the warehouse and plans to replace it. The tax rate is 30%. The following data relate to the warehouse:
Current carrying amount $ 300,000
Replacement cost 1,100,000
What amount of gain should Ocean report as a separate component of income before extraordinary
items?
- A. $1,030,000
- B. $730,000
- C. $0
- D. $780,000
正解：B
解説：
Choice "c" is correct. $730,000 gain reported as a separate component of income before extraordinary
items.
質問 # 87
Which of the following factors determines whether an identified segment of an enterprise should be
reported in the enterprise's financial statements under SFAS No. 131, Disclosures about Segments of an
Enterprise and Related Information?
I. The segment's assets constitute more than 10% of the combined assets of all operating segments.
II. The segment's liabilities constitute more than 10% of the combined liabilities of all operating segments.
- A. Both I and II.
- B. I only.
- C. Neither I nor II.
- D. II only.
正解：B
解説：
Choice "a" is correct. For segment reporting, if an identified segment's assets constitute more than 10% of
the combined assets of all operating segments, the segment should be reported. The same rule does not
apply for the segment's liabilities. The candidate does have to remember the 10% and also the 10% of
"what." Choice "b" is incorrect. For segment reporting, if an identified segment's assets constitute more
than 10% of the combined assets of all operating segments, the segment should be reported. The same
rule does not apply for the segment's liabilities. Choice "c" is incorrect. For segment reporting, if an
identified segment's assets constitute more than 10% of the combined assets of all operating segments,
the segment should be reported. The same rule does not apply for the segment's liabilities, so the correct
answer cannot be "Both." Choice "d" is incorrect. For segment reporting, if an identified segment's assets
constitute more than 10% of the combined assets of all operating segments, the segment should be
reported. The correct answer cannot be "Neither."
質問 # 88
Lore Co. changed from the cash basis of accounting to the accrual basis of accounting during 1994. The
cumulative effect of this change should be reported in Lore's 1994 financial statements as a:
- A. Prior period adjustment resulting from the correction of an error.
- B. Component of income before extraordinary item.
- C. Component of income after extraordinary item.
- D. Prior period adjustment resulting from the change in accounting principle.
正解：A
解説：
Choice "a" is correct. The cash basis for financial reporting is not a generally accepted accounting basis of
accounting (GAAP); therefore, it is an error. Correction of an error from a prior period is a reported as prior
period adjustment to retained earnings. Choice "b" is incorrect. Cash basis reporting is not an accounting
principle under accrual accounting principles. Thus, the change from cash basis is not reported as a
change in accounting principle. In addition, changes in accounting principle are not prior period
adjustments; instead, they are treated retrospectively. Choices "c" and "d" are incorrect. Correction of
prior period errors has no effect on the current year's income statement.
質問 # 89
In the hierarchy of generally accepted accounting principles, APB Opinions have the same authority as
AICPA:
- A. Industry Audit and Accounting Guides.
- B. Issues Papers.
- C. Statements of Position.
- D. Accounting Research Bulletins.
正解：D
解説：
Choice "d" is correct. AICPA Accounting Research Bulletins, FASB Standards, FASB Interpretations,
FASB Staff Positions, FASB Statement 133 Implementation Issues, and APB Opinions and
Interpretations are the most authoritative sources of generally accepted accounting principles. Choice "a"
is incorrect. AICPA Statements of Position, AICPA Accounting and Auditing Guides, and FASB Technical
Bulletins are secondary sources of generally accepted accounting principles. Choice "b" is incorrect.
AICPA Statements of Position, AICPA Accounting and Auditing Guides, and FASB Technical Bulletins
are secondary sources of generally accepted accounting principles. Choice "c" is incorrect. AICPA Issues
Papers and Practice Bulletins, FASB Concepts Statements, and other authoritative pronouncements are
tertiary sources for generally accepted accounting principles.
質問 # 90
The following question is based on the following:
Vane Co.'s trial balance of income statement accounts for the year ended December 31, 2002, included
the following: Vane's income tax rate is 30%.
In Vane's 2002 multiple-step income statement, what amount should Vane report as income from
continuing operations?
- A. $140,000
- B. $126,000
- C. $147,000
- D. $129,500
正解：A
解説：
Choice "c" is correct, $140,000.
質問 # 91
According to the FASB conceptual framework, comprehensive income includes which of the following?
- A. Option B
- B. Option C
- C. Option D
- D. Option A
正解：A
解説：
Choice "b" is correct. Comprehensive income is the change in equity of a business during a period from
transactions and other events and circumstances from non-owner sources. It includes all changes in
equity except those resulting from investments by owners and distributions to owners. SFAC 6 para 70.
質問 # 92
In Yew Co.'s 1992 annual report, Yew described its social awareness expenditures during the year as
follows:
"The Company contributed $250,000 in cash to youth and educational programs. The Company also gave
$ 140,000 to health and human-service organizations, of which $80,000 was contributed by employees
through payroll deductions. In addition, consistent with the Company's commitment to the environment,
the Company spent $100,000 to redesign product packaging."
What amount of the above should be included in Yew's income statement as charitable contributions
expense?
- A. $310,000
- B. $390,000
- C. $410,000
- D. $490,000
正解：A
解説：
Choice "a" is correct. Charitable contributions include amounts the company gave to recognized charities.
This includes:
Note: Of the $140,000, employees gave $80,000, and the company $60,000. Redesigning packaging is
not a contribution to a charity.
Choice "b" is incorrect. The company gave only $60,000 of the $140,000. Employees gave $80,000.
Choice "c" is incorrect. Redesigning packaging is not a contribution to a charity.
Choice "d" is incorrect. The company gave only $60,000 of the $140,000. Employees gave $80,000.
Redesigning packaging is not a contribution to a charity.
質問 # 93
During 1990, Fuqua Steel Co. had the following unusual financial events occur:
. Bonds payable were retired five years before their scheduled maturity, resulting in a $260,000 gain.
Fuqua has frequently retired bonds early when interest rates declined significantly.
. A steel forming segment suffered $255,000 in losses due to hurricane damage. This was the fourth
similar loss sustained in a 5-year period at that location.
. A component of Fuqua's operations, steel transportation, was sold at a net loss of $350,000.
This was Fuqua's first divestiture of one of its operating segments.
Before income taxes, what amount should be disclosed as the gain (loss) from extraordinary items in
1 990?
- A. $(90,000)
- B. $0
- C. $5,000
- D. $(350,000)
正解：B
解説：
Choice "a" is correct. $0. Note: The sale of the steel transportation component resulted in a loss from
discontinued operations and is reported after "income from continuing operations." The steel forming
segment's hurricane damage (4th in 5 years) of $255,000 is only "unusual in nature" and does not occur
infrequently, therefore, it is not an "extraordinary item," and should be reported separately as a
component of "income from continuing operations." The retirement of debt, although unusual, is not
infrequent for the company; therefore, the gain does not qualify for classification as an extraordinary item
per APBO No. 30 (and SFAS No. 145).
質問 # 94
Is the cumulative effect of an inventory pricing change on prior years earnings reported on the financial
statements for
- A. Option B
- B. Option C
- C. Option D
- D. Option A
正解：A
解説：
Choice "b" is correct. The cumulative effect of a change in accounting principle is now reported as an
adjustment to beginning retained earnings when it is considered practicable to calculate the cumulative
effect. When making a change to LIFO, it is generally considered impracticable to calculate the
cumulative effect of the change (in most cases, data on the historical LIFO layers in not available). In a
change to LIFO, the beginning inventory dollar amount becomes the first LIFO layer. No cumulative effect
adjustment is made. The change is accounted for prospectively. A change from LIFO to weighted average,
there is no such impracticability. The cumulative effect is computed and the change is handled
retrospectively. Choices "a", "c", and "d" are incorrect, per the above Explanation: .
質問 # 95
Mellow Co. depreciated a $12,000 asset over five years, using the straight-line method with no salvage
value. At the beginning of the fifth year, it was determined that the asset will last another four years. What
amount should Mellow report as depreciation expense for year 5?
- A. $1,500
- B. $600
- C. $2,400
- D. $900
正解：B
解説：
Choice "a" is correct. Over the first 4 years, the asset would be depreciated down to $2,400. Once it was
determined that the asset would last for another 4 years, $600 would be depreciated each year of that 4
year period. This change is a change in accounting estimate (the estimate being the life of the asset).
Changes is accounting estimate are accounted for in the current year and future years if the change
affects both. Choice "b" is incorrect. This answer is the annual difference between the depreciation
expense IF depreciation expense had been retroactively restated ($24,000 / 8 = $1,500) and the correct
depreciation expense. Retroactive restatement is not appropriate for changes in accounting estimate.
Choice "c" is incorrect. This answer is the depreciation expense IF depreciation had been retroactively
restated ($24,000 / 8 = $1,500). Retroactive restatement is not appropriate for changes in accounting
estimate. Choice "d" is incorrect. This answer is the undepreciated amount at the beginning of the fifth
year or the amount of the annual depreciation expense for each of the first 4 years. Either way, it certainly
is not going to be the depreciation expense for that year because the remaining cost will depreciated over
the remaining period.
質問 # 96
A transaction that is unusual in nature and infrequent in occurrence should be reported separately as a
component of income:
- A. After discontinued operations of a segment of a business.
- B. After cumulative effect of accounting changes and after discontinued operations of a segment of a
business. - C. Before cumulative effect of accounting changes and before discontinued operations of a segment of a
business. - D. After cumulative effect of accounting changes and before discontinued operations of a segment of a
business.
正解：A
解説：
Choice "d" is correct. An extraordinary item (a transaction that is both "unusual in nature" and "infrequent
in occurrence") should be reported separately as a component of income after discontinued operations of
a segment of a business.
The cumulative effect of a change in accounting principle is shown on the retained earnings statement.
This is why memorizing the mnemonic "idea" is so important.
質問 # 97
Deficits accumulated during the development stage of a company should be:
- A. Capitalized and amortized over a five year period beginning when principal operations commence.
- B. Reported as organization costs.
- C. Reported as a part of stockholders' equity.
- D. Capitalized and written off in the first year of principal operations.
正解：C
解説：
Choice "b" is correct. Deficits accumulated during the development stage of a company should be
reported as a part of stockholders' equity.
Rule: Development stage enterprises should present FS in accordance with GAAP and make additional
disclosures such as: cumulative net losses, cumulative deficit (as part of equity), cumulative sales &
expenses (part of I/S), cumulative statement of cash flows and supplementary "shareholders equity."
Choices "a", "c", and "d" are incorrect, per the rule above.
質問 # 98
Which of the following is a generally accepted accounting principle that illustrates the practice of
conservatism during a particular reporting period?
- A. Reporting investments with appreciated market values at market value.
- B. Reporting inventory at the lower of cost or market value.
- C. Accrual of a contingency deemed to be reasonably possible.
- D. Capitalization of research and development costs.
正解：B
解説：
Choice "d" is correct. The rule of conservatism states that revenues and gains should be recognized when
the earnings process is complete, but that expenses and losses should be expensed immediately.
Reporting inventory at the lower of cost or market requires the recording of a loss on inventory when
market is lower than cost in the period the loss is sustained, rather than when the inventory is sold,
consistent with the rule of conservatism. Choice "a" is incorrect. Because the future benefits of R&D costs
are questionable, these cost should be expensed immediately, consistent with the rule of conservatism
and the matching principle. Choice "b" is incorrect. The rule of conservatism only requires the accrual of
"probable" losses. The accrual of a reasonably possible loss is not required and the accrual of any
contingent gain, whether probable, reasonably possible, or remote, is prohibited. Choice "c" is incorrect.
The reporting of marketable securities with appreciated values at market value requires the recording of a
gain on the asset before the gain is realized. This contradicts the rule of conservatism, but is allowed
because fair value is a more relevant measure of the value of marketable securities.
質問 # 99
The following costs were incurred by Griff Co., a manufacturer, during 1992: What amount of these costs
should be reported as general and administrative expenses for 1992?
- A. $550,000
- B. $260,000
- C. $810,000
- D. $635,000
正解：B
解説：
Choice "a" is correct. $260,000. General and administrative
"Freight-in" is part of "cost of goods sold."
"Freight-out" is a "selling" expense.
Sales representative salaries is a selling expense.
質問 # 100
A material loss should be presented separately as a component of income from continuing operations
when it is:
- A. A cumulative effect type change in accounting principle.
- B. Unusual in nature and infrequent in occurrence.
- C. Not unusual in nature but infrequent in occurrence.
- D. An extraordinary item.
正解：C
解説：
Choice "d" is correct. Gains or losses that are unusual in nature or occur infrequently but not both, are
presented as a component of income from continuing operations. Choice "a" is incorrect. Extraordinary
items are shown net of tax in a separate section of the income statement after income from continuing
operations. Choice "b" is incorrect. Cumulative effects of changes in accounting principle are now shown
net of tax as an adjustment to the opening balance of retained earnings in the retained earnings statement.
This treatment is called retrospective application. There really are no longer any cumulative effect types of
changes in accounting principle. The cumulative effect is merely how the amount of the change is
measured.
Choice "c" is incorrect. This is the definition of an extraordinary item.
質問 # 101
On December 31, 20X2, the Board of Directors of Maxy Manufacturing, Inc. committed to a plan to
discontinue the operations of its Alpha division. Maxy estimated that Alpha's 20X3 operating loss would
be $500,000 and that the fair value of Alpha's facilities was $300,000 less than their carrying amounts.
The estimate for 20X3 turned out to be correct. Alpha's 20X2 operating loss was $1,400,000, and the
division was actually sold for $400,000 less than its carrying amount. Maxy's effective tax rate is 30%.
In its 20X3 income statement, what amount should Maxy report as loss from discontinued operations?
- A. $500,000
- B. $600,000
- C. $350,000
- D. $420,000
正解：D
解説：
Choice "c" is correct. The 20X3 loss from discontinued operations would include both the 20X3 operating
loss of $500,000 (which turned out to be a correct estimate) and the "additional" loss (on disposal) of
$ 100,000, net of tax, for a total of $600,000 x .70 or $420,000. Choice "a" is incorrect. It includes the 20X3
operating loss of $500,000 but not the $300,000 impairment loss but does report the 20X3 operating loss
net of tax. Choice "b" is incorrect. It includes the 20X3 operating loss of $500,000, but not the $100,000
loss on disposal, and reports the 20X3 operating loss gross of tax and not net of tax. Choice "d" is
incorrect. It reports the 20X3 loss from discontinued operations gross of tax and not net of tax. The 20X3
loss from discontinued operations should include both the 20X3 operating loss of $500,000 and the loss
on disposal of $100,000, net of tax, for a total of $600,000 x .70 or $420,000.
質問 # 102
Which of the following accounting pronouncements is the most authoritative?
- A. FASB Technical Bulletin.
- B. AICPA Statement of Position.
- C. FASB Statement of Financial Accounting Concepts.
- D. AICPA Accounting Principles Board Opinion.
正解：D
解説：
Choice "c" is correct. The AICPA accounting principal board opinion (APBO) is a first floor (category A) of
established accounting principle pronouncements.
Choice "a" is incorrect. FASB statement of financial accounting concepts (SFAC or FACs) is a fifth floor
(other accounting literature) category.
Choice "b" is incorrect. FASB technical bulletins are a second floor (category B) accounting
pronouncement.
Choice "d" is incorrect. AICPA statement of position is a second floor (category B) accounting
pronouncement.
質問 # 103
An inventory loss from a permanent market decline of $360,000 occurred in May 1989. Cox Co.
appropriately recorded this loss in May 1989 after its March 31, 1989 quarterly report was issued. What
amount of inventory loss should be reported in Cox's quarterly income statement for the three months
ended June 30, 1989?
- A. $90,000
- B. $360,000
- C. $0
- D. $180,000
正解：B
解説：
Choice "d" is correct. $360,000 inventory loss reported for the quarter ended 6-30-89.
Rule: Inventory losses from "permanent market declines" are recognized in the interim period, incurred
and later, if they "turn-around," are recognized as gains in a subsequent interim period only to the extent
of previously reported losses.
Rule: "Temporary" market declines need not be recognized at interim when a "turn-around" can
reasonably be expected to occur before the end of the fiscal year.
Facts: This $360,000 inventory decline is permanent and the entire loss would be recognized in the
quarter interim period incurred (6-30-89).
質問 # 104
According to the FASB conceptual framework, an entity's revenue may result from:
- A. An increase in an asset from incidental transactions.
- B. A decrease in an asset from primary operations.
- C. A decrease in a liability from primary operations.
- D. An increase in a liability from incidental transactions.
正解：C
解説：
Rule: Revenues are inflows or other enhancements of assets and/or settlements (decreases) in liabilities
resulting from the entity's ongoing major operations, not from "incidental" operations. Choice "d" is correct.
An entity's revenue may result from a decrease in a liability from primary operations.
質問 # 105
APB Opinion No. 28, Interim Financial Reporting, concluded that interim financial reporting should be
viewed primarily in which of the following ways?
- A. As reporting under a comprehensive basis of accounting other than GAAP.
- B. As if the interim period were an annual accounting period.
- C. As reporting for an integral part of an annual period.
- D. As useful only if activity is spread evenly throughout the year.
正解：C
解説：
Choice "c" is correct. Interim financial reporting should be viewed as reporting for an integral part of an
annual period.
Choices "a", "b", and "d" are incorrect, per the above rule.
質問 # 106
According to the FASB's conceptual framework, the process of reporting an item in the financial
statements of an entity is:
- A. Realization.
- B. Matching.
- C. Recognition.
- D. Allocation.
正解：C
解説：
Choice "a" is correct. Recognition.
According to the FASB's conceptual framework, the process of reporting an item in the financial
statements of an entity is recognition.
質問 # 107
During a period when an enterprise is under the direction of a particular management, its financial
statements will directly provide information about:
- A. Neither enterprise performance nor management performance.
- B. Enterprise performance but not directly provide information about management performance.
- C. Management performance but not directly provide information about enterprise performance.
- D. Both enterprise performance and management performance.
正解：B
解説：
Choice "c" is correct. Financial reporting, and especially financial statements, usually cannot and do not
separate management performance from enterprise performance. Financial reporting provides
information about an enterprise during a period when it was under the direction of a particular
management but does not directly provide information about that management's performance. SFAC 1
para. 53
質問 # 108
On January 2, 1993, Quo, Inc. hired Reed to be its controller. During the year, Reed, working closely with
Quo's president and outside accountants, made changes in accounting policies, corrected several errors
dating from 1992 and before, and instituted new accounting policies.
Quo's 1993 financial statements will be presented in comparative form with its 1992 financial statements.
This question represents one of Quo's transactions. List B represents the general accounting treatment
required for these transactions. These treatments are:
. Cumulative effect approach - Include the cumulative effect of the adjustment resulting from the
accounting change or error correction in the 1993 financial statements, and do not restate the 1992
financial statements.
. Retroactive or retrospective restatement approach - Restate the 1992 financial statements and adjust
1 992 beginning retained earnings if the error or change affects a period prior to 1992.
. Prospective approach - Report 1993 and future financial statements on the new basis but do not restate
1 992 financial statements.
Item to Be Answered
Quo sells extended service contracts on its products. Because related services are performed over
several years, in 1993 Quo changed from the cash method to the accrual method of recognizing income
from these service contracts.
List B (Select one)
- A. Cumulative effect approach.
- B. Retroactive or retrospective restatement approach.
- C. Prospective approach.
正解：B
解説：
Choice "B" is correct. If comparative FS are issued, restate prior year's FS. If comparative FS are not
issued, restate prior year-end's retained earnings account by "adjusting" (net of tax) the opening balance
of the current retained earnings statement. Note that when an error is corrected, retroactive restatement is
used, and when there is a change in accounting principle, retrospective restatement is done. However,
this is only a difference in terminology.
質問 # 109
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