很多想要报考AUSCPA考试的考生，不知道该如何准备全英文考试，为了帮助大家更好的备考，中公财经小编为大整理了一份USCPA模拟试题：FAR财务会计与报告，详情如下：
1. Big Brown Corporation's derivative investments had the following fair values at December 31, Year 1 and December 31, Year 2:
12/31/Year 1 12/31/Year 2
Speculative derivatives
$280,000 $310,000
Derivatives used as fair value hedges
$600,000 $745,000
Derivatives used as cash flow hedges
$430,000 $510,000
The derivatives used as fair value hedges and cash flow hedges were both considered highly effective in Year 2. What amount of gain from these derivative investments should Big Brown report in its Year 2 net income and other comprehensive income?
Net Income OCI
a. $0 $255,000
b. $80,000 $175,000
c. $175,000 $80,000
d. $255,000 $0
答案：c
2.On June 19, Don Co., a U.S. company, sold and delivered merchandise on a 30-day account to Cologne GmbH, a German corporation, for 200,000 euros. On July 19, Cologne paid Don in full. Relevant currency exchange rates were:
June 19 July 19
Spot rate $.988 $.995
30-day forward rate .990 1.000
What amount should Don record on June 19 as an account receivable for its sale to Cologne?
a. $199,000
b. $198,000
c. $197,600
d. $200,000
答案：c
以上就是中公财经小编为大整理的USCPA模拟试题：FAR财务会计与报告，希望能对大家有所帮助，也预祝大家能尽早拿下USCPA证书。
