"Financial Report"：Inventory valuation method

來源: 正保會計網(wǎng)校編輯：某某 2020/09/14 11:31:21　字體：大小

學(xué)習(xí)是一個不斷積累的過程，每天學(xué)習(xí)一點，每天進(jìn)步一點！為了幫助大家更高效地備考2021年CFA考試，正保會計網(wǎng)校每日為大家上新CFA習(xí)題供大家練習(xí)。讓網(wǎng)校與您一起高效備考2021年CFA考試，夢想成真！

Questions 1:

The method used by a high- end custom- built motorcycle manufacturer to value its inventory results in the matching of the physical flow of the particular items sold, and the items remaining in inventory, to their actual cost. Which of the following inventory valuation methods is the manufacturer most likely using:

A FIFO

B Weighted average cost

C Specific identification

Questions 2:

Net revenue most likely refers to revenue minus:

A revenues attributable to non- controlling interests.

B estimates of warranty expense.

C volume discounts and estimated returns.

View answer resolution

【Answer to question 1】（C）

【analysis】

C is correct. Specific identification is the inventory method that results in the matching of the physical flow of the particular items sold and would be most suitable for high- end custom- built motorcycles that are not ordinarily considered interchangeable.

A is incorrect. Although accepted by IFRS, this method is more suitable for interchangeable inventory.

B is incorrect. Although accepted by IFRS, this method is more suitable for interchangeable inventory.

【Answer to question 2】（c）

【analysis】

C is correct. Net revenue means that the revenue number is reported after adjustments for cash or volume discounts or for estimated returns.

A is incorrect. Revenues attributed to non- controlling interests are not segregated on the income statement.

B is incorrect. Warranty expenses are operating expenses and not netted from revenues.

成功=時間+方法，自制力是這個等式的保障。世上無天才，高手都是來自刻苦的練習(xí)。而人們經(jīng)常只看到“牛人”閃耀的成績，其成績背后無比寂寞的勤奮。小編相信，每天都在勤奮練習(xí)，即使是一點點的進(jìn)步，大家一定可以成為人人稱贊的“牛人”。

上一篇："Financial Report"：financial reporting ...

下一篇："Financial Report"：Profit outflow