2015年USCPA考试还剩下最后一个月的窗口开放时间，将于11月参加USCPA考试的考生们，冲刺阶段记得劳逸结合哦。高顿网校10月USCPA考前大型辅导直播，回顾*7考题，为你全面解析USCPA真题！点击预约>>
　　1.AUD
　　The scope of audits of recipients of federal financial assistance in accordance with federal audit regulations varies. Which of the following elements do these audits have in common?
　　A. The auditor is required to disclose all situations and transactions that could be indicative of fraud, abuse, and illegal acts to the federal inspector general.
　　B. The materiality levels are higher and are determined by the government entities that provide the federal financial assistance to the recipients.
　　C. The auditor is required to document an understanding of internal control established to ensure compliance with the applicable laws and regulations.
　　D. The accounts should be 100% verified by substantive tests because certain statistical sampling applications are not permitted.
　　2.BEC
　　A data warehouse in an example of
　　A. On-line analytical processing.
　　B. Decentralized processing.
　　C. On-line transaction processing.
　　D. Essential information batch processing.
　　3.REG
　　On day 1, Jackson, a merchant, mailed Sands a signed letter that contained an offer to sell Sands 500 electric fans at $10 per fan. The letter was received by Sands on day 3. The letter contained a promise not to revoke the offer but no expiration date. On day 4, Jackson mailed Sands a revocation of the offer to sell the fans. Sands received the revocation on day 6. On day 7, Sands mailed Jackson an acceptance of the offer. Jackson received the acceptance on day 9. Under the Sales Article of the UCC, was a contract formed?
　　A. No contract was formed because the offer failed to state an expiration date.
　　B. No contract was formed because Sands received the revocation of the offer before Sands accepted the offer.
　　C. A contract was formed on the day Jackson received Sands' acceptance.
　　D. A contract was formed on the day Sands mailed the acceptance to Jackson.
　　4.FAR
　　Exeter County operates a water and sewer utility that is subject to rate regulations by the State Utility Regulatory Authority. Exeter County has been approved by the Authority to increase its rates from $8.00 per thousand gallons to $10.00 per thousand gallons. The increase is to be restricted for use in financing capital improvements to the treatment plant. The incremental increase in revenue would be accounted for as:
　　a.Other financing sources
　　b.Deferred inflows of resources
　　c.Water and sewer fund revenues
　　d.Contributions in aid of construction
　　Answer:
　　1.C
　　This answer is correct because all such audits require auditors to document an understanding of internal control established to ensure compliance with the applicable laws and regulations.
　　2.A
　　A is corrent because a data warehouse is an approach to online analytical processing that combines data into a subject-oriented, integrated collection of data used to support management decision-making processes.
　　B is incorrect because a data warehouse may or may not be associated with decentralized processing.
　　C is incorrect because on-line transaction processing involves day-to-day transaction processing operations.
　　D is incorrect because the term essential information batch processing is vague, and is not ordinarily associated with a data warehouse.
　　3.D
　　Choice "d" is correct. Formation of a contract requires acceptance of an offer before the offer is terminated. Jackson sent Sands an offer and then sent a revocation of the offer, and Sands accepted after receiving the revocation. However, the revocation was invalid because the offer was a merchant's firm offer―an offer made by a merchant in writing giving assurances that it will be kept open. Such offers are irrevocable for the time stated, or if no time is stated for a reasonable time, but in no event longer than three months. Thus, Jackson's offer was irrevocable for a reasonable time. It was accepted within a reasonable time (a few days after the offer was received). Moreover, the contract was accepted when Sands mailed the acceptance because of the mailbox rule―an acceptance is effective upon being dispatched.
　　Choice "a" is incorrect. Offers need not state an expiration date to be valid. Absent an expiration date, offers are open for a reasonable time.
　　Choice "b" is incorrect. As explained above, the revocation was ineffective because the offer was a merchant's firm offer and could not be revoked for a reasonable time.
　　Choice "c" is incorrect. Unless the offer provides otherwise, it is effective upon dispatch rather than receipt.
　　4.B
　　Choice "B" is correct. The incremental portion of current rates established at a level adequate to recover costs that are expected to be incurred in the future would be displayed as deferred inflows of resources.Choices "c", "d" and "a" are incorrect, per the explanation above.