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/中國文化大學 l仰年度轉學招生考試
1生組:會計學系二年級 日期節次: 7 月 27 日第 1 節 09:00一 10:20
科目:會計學(一) 038-134) 、
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一、選擇題: (30%) ."
I ( ) Which ofthe following transactions does not affect cash during a period?
a. Write-off of an uncollectible account b. Collection of an accounts receivable c. Sale of treasury shares
d. Exercise ofthe call option on bonds payable
2 Cline Company issued ordinary shares for proceeds of $372,000 during 201 1. The company paid dividends of
$66,000 and issued a non-current note payable for $90,000 in exchange for equipment during the year. The company also purchased 甘'easury sh訂閱 that had a cost of$14,000. The financing section ofthe statement ofcash flows will repo此 net cash inflows of
a. $292,000.
b. $404,000.
c. $306,000.
d. $358,000.
3 Carter Company reports the following:
End ofYear Beginning ofYear
Inventory $25,000 $40,000
Accounts Payable 30,000 10,000
If cost of goods sold for the year is $210,000, the amount of cash paid to suppliers is a. $215,000.
b. $205,000.
c. $175,000.
d. $245,000.
4 ( At the end of the first ye訂 of operations, the total cost ofthe fair value through profit or loss securities portfolio is
$244,000. Total fair value is $250,000. The financial statements should show
a. 個 addition to an asset of 鈍,000 and a realized gam of 鉤,000.
b. an addition to an asset of 鈍,000 and an unrealized gain of 駒,000 in the equity section.
c. an addition to an asset of的,000 in the current assets section and an unrealized gain of駒,000 in “Other revenues and gains."
d. an addition to an asset of 駒,000 in the current 品sets section and a realized gain of 鈍,000 in “Other income and expense."
5 ( Cost and fair value data for the fair value through profit or loss securities of Clifford Company at December 31 , 2011 , are $100,000 and $74,000, respectively. Which ofthe following correctly presents the adjustingjoumal en甘y
to record the securities at fair value?
a. Dec. 31 Unrealized Los軒-Income 26,000
FVPL Securities 26,000
b. Dec. 31 Unrealized Gain-Income 26,000
FVPL Securities 26,000
c. Dec. 31 Unrealized Loss--Income 26,000
Market Adjustment-FVPL 26,000
d. Dec. 3 I Market Adjustment干VPL 26,000
Unrealized Gain-Income 26,000
6 ( Slaton Company originally issued 3,000 ordinary shares with a $10 par value for $90,000 ($30 per share). Slaton subsequently p叮chases 300 甘'easury shares for $27 per share and resells the 300 甘easury shares for $29 per share.
In the ent可 to record the sale ofthe 甘easury shares, there will be a a. credit to Share Capital--0rdina可 for $8,100.
b. credit to TreasuηI Shares for $3,000.
c. debit to Share Premium--0rdinary of$9,000.
d. credit to Share Premium-Treasu可 Shares for $600.
本試題採
7 ( ) Which of the following show the proper effect of a share split and a share dividend? 玖面印刷
Item Share Split Share Dividend
a. Total equity Increase Increase
b. Total retainedeamings Decrease Decrease c. Total par value (ordinary) Decrease Increase d. Par value per share Decrease No change
中國文化大學 100 學年度轉學招生考試
~組:會計學率二年級 日期節次: 7 月 27 日第 1 節 09:00-10:20 科目:會計學(一) (1
38-134)
本試越
8 ( ) Hennan Company received proceeds of £188,500 on 10-year, 8% bonds issued on January I, 20 II. The bonds had a face value of £200,000, pay interest semi-annually on June 30 and December 31 , and have a call price of 10 1.
Hennan uses the straight-line method of amortization. What is the amount of interest Hennan must pay the bondholders in 2011?
a. £15,080 b. £16,000 c. £17,150 d. £14,850
9 ( ) Able Towing Company purchased a tow truck for $75,000 on January 1, 2010. It was originally depreciated on a straight-line basis over 10 years with an assumed residual value of $15,000. On December 31 , 2012, before adjusting en甘ies had been made, the company decided to change the remaining estimated life to 4 ye訂s (including 2012) and the residual value to $2,500. What was the depreciation expense for 2012?
a. $7,500.
b. $6,000.
c. $18,750.
d. $15,125.
10 ( ) In preparing its August訓, 2011 bank reconciliation, Acme Corp. has available the following infonnation:
Balance per bank statement, 8/31 /1 1 $21 ,650
Deposit in transit, 8/31 /1 1 3,900
Return ofcustomer's check not sufficient fun血, 8/30/1 0 600
Outstanding checks, 8/31 /1 1 2,750
Bank service charges for August 100
At August 31 , 2011 , Acme's adjusted cash balance is a. $22,800.
b. $22,200.
c. $22,100.
d. $20,500.
II ( ) Kershaw Bookstore had 600 units on hand at January 1, costing €18 each. Purchases and sales during the month of January were as follows:
Date Purchases Sales
Jan. 14 450 @ε28
17 300@ 位。
25 300@€22
29 300@ 的2
Kershaw does not maintain perpetual inventory records. According to a physical count, 450 units were on hand at January 31. The cost of the inventory at January 31 , under the FIFO method is:
a. €1 ,200.
b. €8 ,100.
c. €9 ,300.
d. €9 ,600.
12 ( ) Moses Company sells merchandise on account for $4, 000ωLane Company with credit tenns of 2/1 0, n/30. Lane Company returns $600 of merchandise that was damaged, along with a check to settle the account within the discount period. What entry does Moses Company make upon receipt ofthe check?
a. Cash 3,400
Accounts Receivable 3,400
b. Cash ...3,332
j;<. Sales Returns and Allowances ...668
"VI、
2又面印
刷 Accounts Receivable ... 4,000c. Cash ...3,332
Sales Returns and Allowances. ....600
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Sales Discounts 68Accounts Receivable . 4,000
d. Cash ...3,920
Sales Discounts . ...80
Sales Returns and Allowances. 600
Accounts Receivable . 3,400
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中國文化大學 100 學年度轉學招生考試
在組:會計學在二年級 日期節次: 7 月 27 日第 1 節。 9:00一 10:20 科目:會計學(一) (1 38一 134)
13 ( ) Stine Company paid的 30 on account ωa creditor. The transaction was erroneously recorded as a debit to Cash of
€350 and a credit to Accounts Receivable, €350. The correcting en甘y is
a. Accounts Payable ...530
Cash ...…... 530
b. Accounts Receivable ...350
Cash 350 c. Accounts Receivable...350
Accounts Payable …...…... 350
d. Accounts Receivable …...…...350
Accounts Payable ...530
Cash ...‘... 530
14 ( ) Using the percentage of receivables method for recording bad debts expense, estimated uncollectible accounts are
萃的 0, 000. lfthe balance ofthe Allowance for Doubtful Accounts is 羊30, 000 debit before adjustment, what is the balance after adjustment?
a. 華 150, 000 b. 華 180, 000 c. 華 120, 000 d. 司正30 , 000
15 ( ) On January 1 , 20 日, Bartley C。中. paid $800,000 for 100,000 ordinary shares of Oak Company, which represents 40% of Oak's outstanding shares. Oak repo前ed net income of $200,000 and paid cash dividends of $60,000 during 201 1. Bartley should report the investment in Oak Company on its December 31 , 2011 , statement of financial position at:
a. $800,000 b. $744,000 c. $824,000 d. $856,000
二、計算題 (70%)
1. Sansomite Co. distributes suitcases to retail stores and extends credit terms of 1/1 0, n/30 to all of its customers. At the end of June, Sansomite's inventory consisted of suitcases costing $1 ,200. During the month of July the following merchandising transactions occurred.
July 1 Purchased suitcases on account
for 叭, 800
from Trunk Manufacturers, FOB destination, terms 2/10,叫30.
The appropriate party also made a cash payment of $1 00 for 企eight on this date.
3 Sold suitcases on account to Satchel World for $2,000. The cost of suitcases sold is $1 ,200.
9 Paid Trunk Manufacturers in full.
12 Received payment in full from Satchel World.
17 Sold suitcases on account to The Going Concern for $1 ,500. The cost ofthe suitcases sold was $900.
18 Purchased suitcases on account for叭,700 from Kingman Manufacturers, FOB shipping point, terms 111 0, n/30.
The appropriate pa前y also made a cash payment of $1 00 for freight on this date.
20 Received $300 credit (including freight) for suitcases returned to Kingman Manufacturers.
21 Received payment in full 企om The Going Concern.
22 Sold suitcases on account to Fly-By-Night for $2,250. The cost of suitcases sold was $1 ,350.
30 Paid Kingman Manufacturers in full.
Sansomite's chart of accounts includes the following: No. 101 Cash, No. 112 Accounts Receivable, No. 120 Merchandise Inventory, No. 201 Accounts Payable, No. 401 Sales, No. 412 Sales Returns and Allowances, No. 414 Sales Discounts, No. 505 Cost ofGoods Sold.
Instructions
Journalize the transactions for the month of July for Sansomite using a perpetual inventory system (30%).
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中國文化大學 100 學年度轉學招生考試
系組:會計學~二年級 日期節次: 7 月 27 日第 1 節的 :0。一 10:20
科目:會計學(一) (1 38-134)2. Soprano Corporation had the following equity accounts on January 1, 2011: Share
Capital-Qrdina可 ($1
par)$400,000, Share Premium-Ordinary $500,000, and Retained Earnings $100,000. In
20 日,
the company had thefollowing 訂閱sury share transactions.
Mar. 1 Purchased 4,000 shares at $7 per share.
June 1 Sold 500 shares at $11 per share.
Sept. 1 Sold 1,000 shares
泌的 per
share.Dec. I Sold 2,500 sh訂的 at $3 per share.
Soprano Corporation uses the cost method of accounting for treasury shares. In 2011 , the company reported net income of$50,000.
Instructions
Journalize the treasu可T share transactions, and prepare the closing ent可T at December 31, 2011, for net income (20%).
3. A comparative statement of financial position for Mann Company appears below:
MANN COMPANY
Comparative Statement ofFinancial Position
Dec. 3 L 2011 Dec. 3 L 2010 Assets
Equipment € 60,000
ε32, 000
Accumulated depreciation一-equipment (20,000) (1 4,000)
Long-tenn investments -0- 18,000
Prepaid expenses 6,000 9,000
Inventory
25,00。
18,000Accounts receivable 18,000 14,000
Cash
E且也 盟且也
Total assets 已通』豆豆 鐘玉盤皇
EQuitv and Liabilities
Share capi阻I-ordina可 ε40,000 €23 ,000
Retained earnings 22,000 10.000
Bonds payable 37,000 47,000
Accounts payable 立企旦旦 L型企
Total equity and liabilities 旦通』豆豆
益主些企
Additional infonnation:
1. Net income for the year ending December 31 , 2011 was ε27, 000.
2. Cash dividends ofε15, 000 were declared and paid during the year.
3. Long-term investments that had a cost ofε18, 000 were sold for ε14, 000.
4. Sales for 2011 were €120 ,000.
Instructions
Prepare a statement of cash flows for the year ended December 31