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美國CPA模擬習題：政府和非營利組織（一）
為了幫助參加2014年美國cpa考試的學員鞏固知識，提高備考效果，正保會計網(wǎng)校特為大家整理了美國cpa考試模擬試題，幫助廣大考生一起學習一起進步。
Oz, a non-governmental not-for-profit organization, received $50,000 from Ame Company to sponsor a play given by Oz at the local theater. Oz gave Ame 25 tickets, which generally cost $100 each. Ame received no other benefits. What amount of ticket sales revenue should Oz record?
a.$0
b.$2,500
c.$50,000
d.$47,500
Explanation
Rule: Generally, the difference between the fair value of purchases and the amount transferred is classified as a contribution.
Choice "b" is correct. Oz would account for the $50,000 receipt from Ame Company as a contribution and as ticket sales revenue. Ticket sales revenue is equal to the fair value of the purchase ($25 × 100 tickets = $2,500). Contribution revenue is equal to the difference between the amount contributed and the fair value of purchases given in the exchange ($50,000 ? $2,500 = $47,500).
Choice "a" is incorrect. The fair market value of the tickets purchased by the Ame Company is accounted for as ticket sales revenue.
Choice "d" is incorrect. The difference between the fair market value of the tickets sold to the Ame Company and the total transferred is contribution revenue, not ticket sales revenue.
Choice "c" is incorrect. The total amount of the transfer is not accounted for as ticket sale revenue, only the fair market value of the items sold.
【我要糾錯】 責任編輯：小敏
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