以下是五道会计实务相关的笔试题目，适合测试财务人员对会计准则的理解和应用能力：
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Question 1 (Income Taxes and Uncertain Tax Positions) ABC Company has entered into an indemnification arrangement with DEF Corporation, where DEF will reimburse ABC for any income taxes paid due to uncertain tax positions. If ABC has recorded a $2 million liability for uncertain tax positions, and later receives a $1.5 million indemnification asset from DEF, how would ABC recognize these items in its financial statements according to ASC 740?
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Question 2 (Estimate Tax Payments) XYZ Nonprofit Organization is expecting taxable income of $750,000 for the current tax year. Calculate the required estimated tax payments XYZ would need to make, if any, as per the guidelines for Form 990-T. Assume a tax rate of 21%.
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Question 3 (Securities and Dividends) Entity PQR Inc. has two classes of preferred stock outstanding: Preferred Stock A with a dividend yield of 5%, and Preferred Stock B with a 7% yield. Both classes have equal liquidation preferences. Assuming PQR declares a total dividend distribution of $100,000, calculate the allocation of dividends to each class of stock according to ASC 505.
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Question 4 (Lease Accounting) A company, LMN Leasing, has multiple operating leases in place. Describe the changes LMN needs to make to its footnote disclosures for operating leases as it transitions from ASC 840 to ASC 842, including the types of information that should be disclosed as per the new guidance.
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Question 5 (Loan Loss Provisions) EFG Bank has loan loss provisions of $3 million at the beginning of the year. During the year, the bank determines that $1 million of those provisions are no longer needed and should be reversed. Explain how EFG Bank should account for and disclose this reversal according to ASC 450-20.
These questions test the candidate's knowledge of income taxes, estimated tax payments, securities classification, lease accounting, and loan loss provisions, all crucial areas of accounting for a financial professional to understand and apply correctly according to US GAAP.
