AICPA CPA-Regulation 問題集

質問 1：
Baum, an unmarried optometrist and sole proprietor of Optics, buys and maintains a supply of eyeglasses and frames to sell in the ordinary course of business. In 1999, Optics had $350,000 in gross business receipts and its year-end inventory was not subject to the uniform capitalization rules.
Baum's 1999 adjusted gross income was $90,000 and Baum qualified to itemize deductions. During
1999, Baum recorded the following information:
Business expenses:

What amount should Baum report as 1999 net earnings from self-employment?
A. $252,000
B. $243,250
C. $281,750
D. $273,000
正解：C
解説: (Topexam メンバーにのみ表示されます)

質問 2：
An individual had the following capital gains and losses for the year:

What will be the net gain (loss) reported by the individual and at what applicable tax rate(s)?
A. Long-term capital gain of $3,000 at the 15% rate, collectibles gain of $10,000 at the 28% rate, and Section 1250 gain of $56,000 at the 25% rate.
B. Short-term loss of $3,000 at the ordinary rate, long-term capital gain of $10,000 at the 15% rate, collectibles gain of $10,000 at the 28% rate, and Section 1250 gain of $56,000 at the 25% rate.
C. Long-term gain of $16,000 at the 15% rate.
D. Short-term loss of $3,000 at the ordinary rate and long-term capital gain of $86,000 at the 15% rate.
正解：C
解説: (Topexam メンバーにのみ表示されます)

質問 3：
Which one of the following will result in an accruable expense for an accrual-basis taxpayer?
A. A repair completed prior to year end but not invoiced.
B. A repair completed prior to year end and paid upon completion.
C. An invoice dated prior to year end but the repair completed after year end.
D. A signed contract for repair work to be done and the work is to be completed at a later date.
正解：A
解説: (Topexam メンバーにのみ表示されます)

質問 4：
Starr, a self-employed individual, purchased a piece of equipment for use in Starr's business. The costs associated with the acquisition of the equipment were:

What is the depreciable basis of the equipment?
A. $59,425
B. $59,125
C. $55,000
D. $58,400
正解：A
解説: (Topexam メンバーにのみ表示されます)

質問 5：
Tom and Joan Moore, both CPAs, filed a joint 1994 federal income tax return showing $70,000 in taxable income. During 1994, Tom's daughter Laura, age 16, resided with Tom. Laura had no income of her own and was Tom's dependent.
Determine the amount of income or loss, if any that should be included on page one of the Moores'
1994 Form 1040.
In 1992, Joan received an acre of land as an inter-vivos gift from her grandfather. At the time of the gift, the land had a fair market value of $50,000. The grandfather's adjusted basis was $60,000. Joan sold the land in 1994 to an unrelated third party for $56,000.
A. $1,000
B. $1,500
C. $900
D. $500
E. $10,000
F. $75,000
G. $1,300
H. $55,000
I. $0
J. $25,000
K. $1,250
L. $50,000
M. $3,000
N. $2,500
O. $2,000
正解：I
解説: (Topexam メンバーにのみ表示されます)

質問 6：
Conner purchased 300 shares of Zinco stock for $30,000 in 1980. On May 23, 1994, Conner sold all the stock to his daughter Alice for $20,000, its then fair market value. Conner realized no other gain or loss during 1994. On July 26, 1994, Alice sold the 300 shares of Zinco for $25,000.
What was Alice's recognized gain or loss on her sale?
A. $5,000 long-term gain.
B. $5,000 short-term loss.
C. $0
D. $5,000 long-term loss.
正解：C
解説: (Topexam メンバーにのみ表示されます)

質問 7：
Under the uniform capitalization rules applicable to property acquired for resale, which of the following costs should be capitalized with respect to inventory if no exceptions are met?

A. Option A
B. Option C
C. Option D
D. Option B
正解：C
解説: (Topexam メンバーにのみ表示されます)