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6. In case of reconstruction of fixed tangible assets, the following is taken for depreciation
calculation base:
a. Revaluated value
b. Purchasing value
c. Purchasing value increased for reconstruction costs
d. Bookkeeping value increased for reconstruction costs
e. Bookkeeping value
10. When the bonds are issued with the premium, the bookkeeping value on the maturity date of the
bonds is:
a. Decreasing
b. Increasing
c. Stays the same
d. Is refunded
22. Determine which of the following non-current tangible assets are liable to calculation of
depreciation:
a. Property, plants, and equipment in preparation
b. Advances for property, plants, and equipment
c. Construction buildings
d. Land
23. Which of the characteristics listed below is a feature of regular or ordinary shares?
a. They bear cumulative right for collection of all unpaid dividends
b. By their characteristic are between shares and bonds
c. Their owners have the right to priority collection of dividends
d. They bear voting right about questions related to manage the joint-stock company
24. Which of the following methods, according to IAS 2 – Inventories, don’t refer in valuation of
consumption of material in stable conditions of the monetary unit
a. FIFO method
b. LIFO method
c. Method of average weighted acquisition prices (acquisition cost)
d. Method of specific identification
27. Determine what of the following does not belong in non-current intangible assets, but is
recognized as an expense:
a. Foundation costs
b. Patents, licenses, concessions
c. Goodwill
d. Development costs
32. The value of by products in terms of application of calculation of related (purchasing) product can
be performed up to level net selling market price.
33. Methods of depreciation calculation are applied on tangible and intangible assets to get cost of
depreciation.
34. Calculation of earnings per share is based on the amount of net profit, dividends that belong to
preferred shares and weighted number of ordinary shares in circulation
35. Reconstruction costs of tangible assets are recognized acquisition (carrying amount) value if they
meet the following conditions:
a. Extended useful life of assets
b. Enhance quality of its outputs
c. Increases its capacity
d. Significantly reduces production costs
36. Shareholders’ premium is the amount which is achieved with sale above nominal value.
38. Depreciation of bonds issued with the premium or discount is done by applying the linear method
or method of effective interests.
40. Closing rate is a spot rate of exchange on the date of balance sheet.
41. There are three significant dates for declaring and payment of dividends and those are:
a. Date of declaration
b. Date of records
c. Payment date
42. Calculation of costs which are included in costs of inventories of production and inventories of
final products has the following elements:
a. Direct material costs
b. Direct labor costs
c. General variable production costs
d. General fixed costs for used normal capacity
e. Total production cots
43. Missed recognition and recording of liabilities means missed recording of expenses.
44. Inventories are evaluated at acquisition cost (historical) and net sale (market) value depending
on which is the lower of the two.
45. Subsequent costs shall be recognized in the carrying amount if the following criteria are met:
a. It is probable that future economic benefits related with these assets will flow in the
legal entity
b. Asset cost may be reliably measured
46. Calculation of depreciation in line with time depreciation is performed with the three main
depreciation methods (of time) as follows:
a. Linear depreciation method
b. Digressive depreciation method
c. Progressive depreciation method
47. Gains or losses arising from seizure of recognition of some property, plant, or equipment should
be determined as the difference between the net amount of receivables from disposable and
carrying amount of assets.
48. The cost after acquisition of fixed material assets, and during preparation for production should
be included in acquisition cost of asset.
50. In order to have positive foreign exchange differences in occurrence of foreign liabilities, it is
needed that the rate of domestic currency against foreign currency increases, that is, to have
revaluation, so that settlement of foreign liabilities requires less domestic currency.