Strictly from a tax point of view, a buyer generally prefers an asset deal in an acqui - 快问云问答

第1题

The provisions of the “International Convention for the Prevention of Pollution from Shi

ps”(MARPOL)shall be strictly complied with.()

此题为判断题(对，错)。

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第2题

Which is the correct description of life in the Byzantine Empire？（)

A.Peasants had a hard life due to the high tax on land.

B.Scholars were skeptical of Greek tradition.

C.Women were excluded from education.

D.Soldiers received poor salaries.

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第3题

Attention Employees:This notice is to inform. you of a change to payment procedures under

Attention Employees:

This notice is to inform. you of a change to payment procedures under the Employee Scholarship Benefit Program, effective August 1.

Due to new tax laws, all scholarships paid must be paid directly to the recipient with tax withheld on the payment. While the application procedure will remain the same, the payment will now be made from Human Resources and will accompany your regular paycheck. Please note that the scholarship will not be automatically applied to the tuition bill, recipients must physically do so.

For more information about this matter, please contact the Human Resources Department at 837-2389. Thank you for your understanding and cooperation.

What caused the change？

A．New tax laws

B．A new federal law

C．A company policy change

D．University policy changes

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第4题

Stephen is a furniture salesman for Foster's Furniture Mart.Stephen purchases a b

edroom suite from Foster's for $8, 000.The sticker price is $11,000.Foster's policy is to "discount" all customer purchases for up to $1,000 off of the sticker price for purchases over $10,000.What is the tax treatment of Stephen's furniture purchase？

I.Stephen does not need to account for the furniture purchase since it is for his personal use.

II.Stephen has imputed income because of the nature of the furniture purchase.

()

A、Only statement I is correct

B、Only statement II is correct

C、Both statements are correct

D、Neither statement is correct

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第5题

One of the key restrictions, from the buyer’s point of view, of a “tax loss” merger is

.从买方的角度来看，“税损”合并的关键限制之一是：()。

A、Seller’sstockholdersmusthaveatleast40%ownershipinsurvivingfirm卖方的股东必须拥有至少40%的存续公司所有权

B、Buyermustamortizelossesoverthetaxlivesoftheacquiredassets买方必须对所收购资产的纳税期限内的损失进行摊销

C、Buyer’sstockholdersmustretainmajorityownershipinbuyer,post-transaction交易后，买方股东必须保持对买方的控制权地位

D、Theseller’sshareholdersfacetaxrecapturepenaltiesthatincreasethedeal’sprice卖方的股东面临税收回收处罚，增加了交易的价格

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第6题

The committee will continue to look into the date _____to determine if the marketing

A.informatively

B.strictly

C.narrowly

D.closely

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第7题

Present pension structures no longer work. They were established in a more youthful period

with relatively few older people who were often poor and iii, and generally spent only a short time in retirement. In rich countries today, older people are often well-off and in good health, and are spending around 20 years in retirement. Therefore there is the need for reform.

This survey has presented the arguments for more private funding and for fairer pensions. Such changes will create motives for individuals to take charge of their own retirement needs rather than leaving the task to the state. This, in turn, will make the provision of public pensions more afford- able.

Even so, the state will continue to play a leading role in pensions. At a minimum, governments must offer a safety net, probably in the form. of a defined benefit financed through taxation, for people who for some reason have not been able to provide for themselves and who would otherwise be miserable in old age. More broadly, there is a case for the state to offer a slimmed-down pay-as-you-go pension system, although as far as possible this should be organized along defined-contributions lines. Such provision widens the range of assets to include human capital because the effective return comes from total wages, and offers a safe if low return.

Governments also have to create a suitable framework for effective private pensions. Administrative(行政的)expenses have to be tightly controlled, and appropriate tax motives have

to be offered to encourage voluntary pension saving. Where the state provides a generous safety net, private-pension saving may have to be made mandatory(强制的) , otherwise many people will not bother.

So much for the developed countries, but what of the more youthful populations of tile rest of the world？ In 1994, the World Bank came down heavily in favor of more funding in private accounts. It thought the state's role should be to provide a smallish first pillar with the limited task of providing protection against old-age poverty, and to command a privately-funded second pillar to provide the bulk of pensions.

More private funding and fairer pensions______.

A．can urge people to save more private-pensions

B．may be financed through tax

C．can lessen the burden of the state

D．can provide more public pensions

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第8题

John, CPA, is auditing the financial statements of Company A for the year ended December 3

1, 20×8. The un-audited information of selected financial statements items is as follows:

（Expressed in RMB thousands）

FINANCLAL STATEMENTS ITEMS

20×8

20×7

Sales

64000

48000

Cost of sales

54000

42000

Net profit

30

-20

December 31, 20×8

December 31, 20×7

Inventory

16000

12000

Current assets

60000

50000

Total assets

100000

90000

Current liabilities

20000

18000

Total liabilities

30000

25000

During the audit, John has the following findings:

(1)On December 31, 20×8,Company A discounted an undue commercial acceptance bill (with recourse) amounted to RMB 6000000, and was charged discounting interest of RMB 180000 by the bank. Company A made an accounting entry on December 31, 20×8 as follows:

Dr. Cash in Bank RMB 5820000

Dr. Financial Expenses RMB 180000

Cr. Notes Receivable RMB 6000000

(2)In June 20×8, Company A provided guarantee for Company B’s borrowings from Bank C. In December 20×8, since Company B failed to repay the borrowings in time, Company A was sued by Bank C to make relevant repayment amounted to RMB 3000000. As at December 31, 20×8, the lawsuit was still pending, and, based on the reasonable estimate of the guarantee losses made by the management, Company A made an accounting entry as follows:

Dr. Non-operating Expenses RMB 3000000

Cr. Provisions RMB 3000000

On January 10, 20×9,Company A received a judgment on repaying RMB 2500000

to Bank C to settle the guarantee obligation. Company A made the payment and an accounting entry at the end of January 2009 as follows:

Dr. Provisions RMB 3000000

Cr. Cash in Bank RMB 2500000

Cr. Non-operating Income RMB 500000

Required:

(1)For Revenue and Net Profit, explain which one is more appropriate to be used to calculate planning materiality for Company A’s 20×8 financial statements as a whole. Explain the reasons of that conclusion.

(2)Based on the un-audited in formation of selected financial statements items, for the purpose of using analytical procedures as risk assessment procedures, calculate the following ratios:

(a)Inventory Turnover Rate in 20×8;

(b)Gross Profit Ratio in 20×8;

(c)After Tax Return on Total Assets in 20×8; and

(d)Current Ratio as at December 31, 20×8

(3)For each audit finding identified during the audit, list the suggested adjusting entries that John should made for Company A’s 20×8 financial statements. Tax effects, if any, are ignored.

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第9题

下列哪项是营业税的英文表达？（）。

A.business tax

B.added value tax

C.value added tax

D.valuing tax

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第10题

A tax free deal is really a tax deferred deal、免税交易实际上是一项延税交易。（)

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