Tests: Finance
Click an option: a correct answer turns green, a wrong one turns red, and an explanation appears. Tests in total: 43.
Sets by topic (10 questions each)
One set is ten questions with a result at the end. Pick a topic and a set number.
"Nurafshon plastik" LLC bought the shares of another company and paid with finished products of its own production (hypothetical example). Under row 1 of the table to paragraph 244 of NAS No. 21, which journal entry records the purchase of shares by transferring products?
The founder of "Bo'stonliq mebel" LLC paid for their share of the charter capital not in cash but by transferring securities they own (hypothetical example). The company recorded the securities received as a short-term investment. Which journal entry is correct?
The balance sheet of "Qarshi ulgurji" LLC shows equity of 60 mln soum and total liabilities of 90 mln soum. What is the financial independence (autonomy) ratio (equity / total assets)? (example prepared by the author)
The annual net profit of a joint-stock company was 90 mln soum, of which 36 mln soum was allocated to dividends (hypothetical example). What is the dividend payout ratio (dividends / net profit × 100%) and what does it mean?
"Yangiyo'l savdo" LLC bought 40 bonds with a par value of 100 000 soum each for a total of 3 880 000 soum, with 6 months left until redemption (hypothetical amounts). Under its accounting policy, the difference between par value and purchase cost is spread evenly over the months. Under paragraph 241 of NAS No. 21, how is one month's share recorded?
"Sirdaryo don" LLC owns 2 500 shares of another joint-stock company. The company announced a decision to pay a dividend of 800 soum per share; the money has not yet been received (hypothetical example). What is the dividend amount and the journal entry under NAS No. 21?
The balance sheet of the "Qo'qon qog'oz" wholesale firm shows: current assets 260 mln soum, current liabilities 190 mln soum, long-term liabilities 80 mln soum. What is net working capital (current assets − current liabilities)?
The par value of a "Marg'ilon atlas" JSC share is 10 000 soum, and its current exchange price is 16 000 soum. The company paid an annual dividend of 1 200 soum per share (hypothetical example). What is the dividend yield (annual dividend per share / current market price of the share)?
An investor spread spare money not over one company's shares but over the shares and bonds of several companies in different industries (diversification). What is the main purpose of this approach?
According to the "time value of money" concept in finance, 1 000 000 soum today is worth more than 1 000 000 soum to be received a year from now. What is the main reason for this?
The annual net revenue of "Chilonzor qandolat" LLC is 730 mln soums. Receivables were 50 mln soums at the beginning of the year and 70 mln soums at the end. What is the average collection period of receivables (average receivables / revenue × 365) in days?
"Kattaqo'rg'on un" LLC carried government bonds bought as a short-term investment in account 5810 at their nominal value. At maturity the bonds were redeemed at nominal value and the money arrived in the settlement account. What journal entry is made?
"Registon invest" LLC bought shares of another company as a short-term investment and paid the broker's fee in cash from the till. Under the table in paragraph 223 of NAS No. 21, how is this amount recorded?
"Navbahor tekstil" JSC split its shares: for each ordinary share with a nominal value of 10 000 soum, 5 new shares with a nominal value of 2 000 soum each were issued, and the charter capital amount did not change. How is this transaction recorded under NAS No. 21?
"Oqtepa sut" JSC bought back from shareholders 1 500 of its own ordinary shares with a nominal value of 4 000 soum at 5 200 soum each (7 800 000 soum in 8610) and then cancelled them, reducing the charter capital. Under the table in paragraph 348 of NAS No. 21, how is the cancellation recorded?
The "Charxpalak" mill plans to spend 40 mln soum on new equipment. The discounted (present) value of all future cash inflows from the equipment is estimated at 50 mln soum in total. What is the profitability index (PI = present value of inflows / investment)?
A bond with a face value of 1 000 000 soum pays an annual coupon of 12% of the face value. The bond is selling on the market for 960 000 soum. What is the current yield (annual coupon / market price)?
A company bought 500 shares of another company as a short-term investment at 20 000 soum each (in account 5810). At the end of the reporting period the shares were revalued upward to 23 000 soum each. What is the revaluation amount and the journal entry under NAS No. 21?
In its initial issue, "Ko'hitang" joint-stock company placed 2 000 ordinary shares with a face value of 5 000 soum at 6 500 soum each; the money was received in the settlement account. What is the excess over face value (additional paid-in capital), and with what journal entry is it recorded under NAS No. 21?
A joint-stock company's annual net profit is 90 mln soum, of which 10 mln soum is directed to dividends on preferred shares. The weighted average number of ordinary shares outstanding during the year is 40 000. What are the earnings per ordinary share (EPS = (net profit − preferred dividends) / number of ordinary shares)?