高顿网校USCPA小编汇总了一些考生易错题和难题，供广大考生练习！　　1.AUD
　　In order to efficiently establish the correctness of the accounts payable cutoff, an auditor will be most likely to
　　A. Compare cutoff reports with purchase orders.
　　B. Coordinate mailing of confirmations with cutoff tests.
　　C. Coordinate cutoff tests with physical inventory observation.
　　D. Compare vendors’ invoices with vendors’ statements.
　　2.BEC
　　Which of the following is an assumption in a perfectly competitive financial market?
　　A. No single trader or traders can have a significant impact on market prices.
　　B. There are some traders can impact market prices more than others.
　　C. Trading prices vary based on supply only.
　　D. Information about borrowing/lending activities is only available to those willing to pay market prices.
　　3.REG
　　An employer having an experience unemployment tax rate of 3.2% in a state having a standard unemployment tax rate of 5.4% may take a credit against a 6.0% federal unemployment tax rate of:
　　a.3.2%
　　b.5.4%
　　c.3.0%
　　d.6.2%
　　4.FAR
　　Which of the following accounts should Moon City close at the end of its fiscal year?
　　A. Fund balance—Unreserved.
　　B. Vouchers Payable.
　　C. Reserved for Encumbrances.
　　D. Expenditures.
　　Answer:
　　1.C
　　C is corrent because the auditor seeks to determine that both sides of the purchase transaction, inventory acquisition, and accounts payable, are treated in the proper period. Thus, payables should exist for items received before year-end and for other goods for which title has passed.
　　A is incorrect since the purchase order (generally an internal document) is of limited assistance, if any, in determining when title has passed.
　　B is incorrect because, although cutoff tests and accounts payable both relate to year-end balances, coordinating the mailing of confirmations is not necessary.
　　D is incorrect because the evidence obtained by comparing invoices with statements does not answer the question of when title passed. In this situation, the auditor seeks to determine that both sides of the purchase transaction are treated in the proper period. To make this determination, the auditor must know when title has passed.
　　2.A
　　A is correct. In a perfect market there are a large number of buyers and sellers; no single participant or group of participants can influence market prices.
　　B is incorrect. In a perfectly competitive market a single trader or groups of traders cannot impact market prices.
　　C is incorrect. Prices vary based on both supply and demand.
　　D is incorrect. This is not an assumption involved in a perfectly competitive financial market.
　　3.B
　　Choice "B" is correct. The employer may take a credit against the federal unemployment tax in an equal amount to the state rate. Here the state rate of 5.4% will be used since it is less than the federal rate.
　　4.D
　　D is corrent. When closing its books for the fiscal year-end, Moon City should close all temporary accounts and not balance sheet accounts. This answer, Expenditures, is a temporary account. Balance sheet accounts include Cash Investments, Payables, Fund Balances and Fund Balances Reserved for Encumbrances.
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