以下是五道适合财务人员英文笔试的题目：
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Question 1 (Financial Statements Analysis) Analyze the balance sheet and income statement of XYZ Inc. for the years ended December 31, 2021 and 2020. Calculate the following ratios: a) Current Ratio b) Debt-to-Equity Ratio c) Return on Assets (ROA) d) Gross Profit Margin e) Comment on any significant changes or trends observed.
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Question 2 (Inventory Valuation) Explain the difference between FIFO, LIFO, and Average Cost methods for inventory valuation. Provide an example to illustrate each method's impact on cost of goods sold (COGS) and net income.
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Question 3 (Lease Classification) Determine whether a lease contract should be classified as a finance lease or an operating lease based on the following criteria:
- Lease term: 7 years (out of a 10-year asset life)
- Present value of lease payments: 70% of the fair value of the underlying asset
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Ownership transfer at the end of the lease
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Question 4 (Revenue Recognition) According to ASC 606, when should revenue be recognized in a subscription-based business model? Provide a real-life scenario and explain the steps involved in recognizing revenue over time.
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Question 5 (Tax Provision) A company has a taxable income of $500,000 and a tax rate of 30%. The company also has a deferred tax asset of $50,000 and a deferred tax liability of $30,000. Calculate the total tax provision for the year.
These questions cover various aspects of financial accounting, including financial statement analysis, inventory management, lease accounting, revenue recognition, and taxation. They are designed to test the candidate's understanding of key financial concepts and their ability to apply them in practical scenarios.
