[2022年02月]更新のF2問題集PDFでF2リアル試験問題解答
F2問題集で100%合格保証と最新のお試しサンプル
質問 20
The following information relates to DEF for the year ended 31 December 20X7:
* Property, plant and equipment has a carrying value of $3,500,000 and a tax written down value of
$2,500,000.
* There are unused tax losses to carry forward of $1,250,000. These tax losses have arisen due to poor trading conditions which are not expected to improve in the foreseeable future.
* The corporate income tax rate is 25%.
In accordance with IAS 12 Income Taxes, the financial statements of DEF for the year ended 31 December 20X7 would recognise deferred tax balances of:
- A. Option D
- B. Option B
- C. Option C
- D. Option A
正解: D
質問 21
JK is seeking to raise new finance through a rights issue of equity shares.
Which THREE of the following statements are correct?
- A. A rights issue will dilute an existing shareholder's control of the entity if they do not take up their rights.
- B. Entities have the opportunity to underwrite a rights issue.
- C. Shareholders must pay the full market price for shares offered in a rights issue.
- D. An alternative name for a rights issue is a scrip issue of shares.
- E. Shareholders' entitlement to rights may be sold on their behalf.
- F. The administration costs associated with a rights issue are higher than those for an initial public offering.
正解: A,B,E
質問 22
When producing the consolidated statement of profit or loss and other comprehensive income, which TWO of the following will be disclosed as attributable to the equity holders of the parent company and the non-controlling interests?
- A. Profit before tax
- B. Total comprehensive income
- C. Profit after tax
- D. Other comprehensive income
- E. Operating profit
正解: B,C
質問 23
AB acquired its one subsidiary, CD, on 1 January 20X1. At this date the fair value of CD's property, plant and equipment was found to be $40 million higher than its carrying value. The relevant items had a remaining estimated useful life of 10 years from the date of acquisition.
At 31 December 20X4 AB and CD presented property, plant and equipment of $100 million and $50 million respectively in their individual financial statements.
The value of property, plant and equipment presented in AB's consolidated statement of financial position at 31 December 20X4 is:
- A. $190 million
- B. $150 million
- C. $134 million
- D. $174 million
正解: D
質問 24
ST acquired 75% of the 2 million $1 equity shares of CD on 1 January 20X3, when the retained earnings of CD were S3,550,000. CD has no other reserves.
ST paid $5,600,000 for the shares in CD and the non controlling interest was measured at its fair value of S1,400,000 at acquisition.
At 1 January 20X3, the fair value of CD's net assets were equal to their carrying amount, with the exception of a building. This building had a fair value of $1,000,000 in excess of its carrying amount and a remaining useful life of 25 years on 1 January 20X3.
At 31 December 20X5, the retained earnings of ST and CD were $8,500,000 and $5,250,000 respectively.
What is the value of goodwill to be included in the consolidated statement of financial position of ST as at 31 December 20X5?
- A. $950,000
- B. $570,000
- C. $450,000
- D. $1,450,000
正解: C
質問 25
AB sold the majority of its operating equipment to LM for cash on 30 December 20X9 and then immediately leased it back under an operating lease.
AB used the cash proceeds from the sale to reduce its long term borrowings significantly. No early repayment charge was levied by the lender.
Which of the following statements is true in respect of AB's ratios calculated at 31 December 20X9?
- A. AB's current ratio would be lower as a result of this sale being recorded.
- B. AB's gearing ratio would be lower as a result of this sale being recorded.
- C. AB's return on capital employed would be lower as a result of this sale being recorded.
- D. AB's non-current asset turnover would be lower as a result of this sale being recorded.
正解: B
質問 26
The financial statements of ST at 31 December 20X9 include the following balances in respect of shares classed as equity:
The profit after tax for the year ended 31 December 20X9 is $200,000.
What is ST's basic EPS for the year to 31 December 20X9?
- A. 20.0 cents
- B. 17.5 cents
- C. 10.0 cents
- D. 8.8 cents
正解: D
質問 27
FG granted share options to its 500 employees on 1 August 20X0. Each employee will receive 1,000 share options provided they continue to work for FG for the four years following the grant date. The fair value of the options at the grant date was $1.30 each. In the year ended 31 July 20X1, 20 employees left and another 50 were expected to leave in the following three years. In the year ended 31 July 20X2, 18 employees left and a further 30 were expected to leave during the next two years.
The amount recognised in the statement of profit or loss for the year ended 31 July 20X1 in respect of these share options was $139,750.
Calculate the charge to FG's statement of profit or loss for the year ended 31 July 20X2 in respect of the share options.
- A. $141,050
- B. $293,800
- C. $154,050
- D. $280,800
正解: A
質問 28
EF has redeemable 10% bonds which are currently trading at $94.00 for each $100 of nominal value. The bonds can be redeemed at par in five years' time. The corporate income tax rate is 22%.
The present value of the cash flows associated with $100 nominal value of these bonds at a discount rate of 7% is $9.28.
Calculate the post tax cost of debt.
Give your answer as a percentage to one decimal place.
%
正解:
解説:
9.4, 9.3, 9.39,
9.40
質問 29
At 31 October 20X1 RS has in issue 10% debentures 20X8 with a carrying value of $350,000.
Extracts from its statement of profit or loss for the year ending 31 October 20X7 are as follows:
What is the interest cover for RS for the ended 31 October 20X7?
- A. 11.1 times
- B. 9.0 times
- C. 8.0 times
- D. 10.0 times
正解: B
質問 30
In recent years EBITDA has been adopted by large entities as a key measure of performance. The following figures have been extracted from the financial statements of UV for the year ended 30 November 20X9:
What is EBITDA for UV for the year ended 30 November 20X9?
Give your answer to the nearest $'000.
正解:
解説:
61500, 61500000
質問 31
Which TWO of the following are true for an entity raising equity finance using a rights issue rather than a placing of equity shares to new investors?
- A. The issue will widen the base of shareholders if all shareholders take up their rights.
- B. The shares will sell at a higher price and therefore generate more funds.
- C. The cost of underwriting will be lower because the risk of the issue is lower.
- D. The administration is more complex and therefore likely to be more costly.
- E. The voting rights of existing shareholders will be unaffected if the shareholders take up their rights.
正解: D,E
質問 32
ST acquired 70% of the equity shares of DE for $87,500 on 30 September 20X5. At the date of acquisition the net assets of DE were $54,700 and the fair value of the non controlling interest was measured at
$19,700. There has been no impairment of goodwill.
On 30 September 20X9 ST disposed of its entire investment in DE for $262,500 when the net assets of DE were $96,250.
What is the gain or loss on disposal of DE that will be included in ST's consolidated profit or loss for the year ended 30 September 20X9?
- A. $166,250 gain
- B. $166,250 loss
- C. $113,750 loss
- D. $113,750 gain
正解: D
質問 33
KL sells luxury leather handbags and has 3 stores in exclusive shopping areas. Following years of static revenues and margins, in August 20X6 KL opened a fourth store at a busy airport terminal which is proving to be successful.
The revenue and gross profit of KL for the years ended 31 March 20X7 and 20X6 are as follows:
Which of the following would be a contributing factor to the movement in the gross profit margin of KL?
- A. KL locating a new supplier closer to the warehouse, reducing distribution costs.
- B. A worldwide shortage of leather resulting in increased prices from suppliers.
- C. KL locating a new supplier prepared to supply handbags at a cheaper price.
- D. The opportunity to sell handbags in the airport store at a premium price.
正解: B
質問 34
BC are currently seeking to establish an accounting policy for a particular type of transaction.
There are four alternative ways in which this transaction can be treated. Each treatment will have a different outcome on the financial statements as follows:
* Treatment one means that the financial statements will be easier to prepare.
* Treatment two will give a fair representation of the transaction in the financial statements.
* Treatment three will maximise the profit figure presented in the financial statements.
* Treatment four means that the financial statements will be more easily understood by shareholders.
Which accounting treatment should BC adopt?
- A. Three
- B. One
- C. Two
- D. Four
正解: C
質問 35
Which of the following would limit the effectiveness of analysis performed on the operating profit margins of two separate entities with the same total revenue over a12 month period?
- A. Different approaches to allocating expenses to cost of sales, administration expenses and distribution costs.
- B. Different interest rates on loan finance available to the entities.
- C. Different accounting estimates in respect of depreciation of property, plant and equipment.
- D. Different pattern of monthly revenues caused by seasonality.
正解: C
質問 36
Which of the following statements is true in respect of ST's gross profit margin based on the information given?
- A. Economies of scale have been achieved from increased revenues resulting in a reduction in the gross profit margin.
- B. Gross profit margin has increased as a result of management negotiating a premium price for the contract with the new customer.
- C. The associate's gross profit margin is greater than ST's leading to an overall increase in ST's margin.
- D. Gross profit margin has reduced due to the increased cost of the new contract.
正解: B
質問 37
JK is seeking to raise finance for a project and the directors would prefer to take out a fixed rate bank loan repayable over the next 5 years. The project will increase the profit of JK even after taking into account the additional interest costs.
Which of the following statements about the use of a bank loan in this situation is true?
- A. In the long term servicing a bank loan is more expensive than servicing equity shares due to the higher risk for the lender.
- B. The interest on a bank loan is deducted from profit before dividends can be declared to equity shareholders each year.
- C. Because the assets of a business belong to the equity shareholders, a bank loan should NOT be secured on the assets of the business.
- D. A bank loan has high issue costs compared to an issue of equity shares because it takes longer to arrange.
正解: B
質問 38
Information from the financial statements of RST for the year ended 30 April 20X9 is as follows:
At 30 April 20X9 the ordinary shares are trading at $4.75.
What is the price earnings (P/E) ratio for RST at 30 April 20X9?
- A. 15.83
- B. 7.92
- C. 9.31
- D. 10.56
正解: A
質問 39
On 1 January 20X7 GH purchased plant and equipment at a cost of $400,000. The temporary differences in respect of this plant and equipment at 31 December 20X7 and 20X8 have been calculated as follows:
Assume that there are no other temporary differences in the periods and that the corporate income tax rate is 25%. GH is expected to have significant taxable profits in the future.
Which of the following is the correct impact in GH's statement of financial position at 31 December 20X8 in respect of deferred tax?
- A. Increase in the deferred tax asset.
- B. Decrease in the deferred tax asset.
- C. Decrease in the deferred tax liability.
- D. Increase in the deferred tax liability.
正解: A
質問 40
AB's financial information shows that the non current assets' carrying value is greater than the tax base at the year end.
What is the journal entry to record the movement in the provision for deferred tax resulting from this difference?
- A. Dr Other comprehensive incomeCr Deferred tax provision
- B. Dr Deferred tax provisionCr Other comprehensive income
- C. Dr Deferred tax provisionCr Tax expense
- D. Dr Tax expenseCr Deferred tax provision
正解: D
質問 41
RST sells computer equipment and prepares its financial statements to 31 December.
On 30 September 20X5 RST sold computer software along with a two year maintenance package to a customer. The customer is given the right to return the goods within six months and claim a full refund if they are not satisfied with the computer software. The risk of return is considered to be insignificant for RST.
How should the revenue from this transaction and the right of return be recognised in the financial statements for the year ended 31 December 20X5?
- A. Recognise 12.5% of the revenue from both the sale of goods and the maintenance contract and do not create a provision for the anticipated level of returns.
- B. Recognise 100% of the revenue from both the sale of goods and the maintenance contract and create a provision for the anticipated level of returns.
- C. Recognise 100% of the revenue from the sale of goods,12.5% of the revenue from the maintenance contract and create a provision for the anticipated level of returns.
- D. Do not recognise any revenue from the sale of goods or the maintenance contract and do not create a provision for the anticipated level of returns.
正解: C
質問 42
......
問題集でリアルCIMA F2試験問題 [更新されたのは2022年]：https://jp.fast2test.com/F2-premium-file.html