99年 - 99 淡江大學轉學考會計學(二)#55935

科目：轉學考-會計學 | 年份：99年 | 選擇題數：5 | 申論題數：9

試卷資訊

所屬科目：轉學考-會計學

選擇題 (5)

1. Acer Company prepares a statement of cash flows. In 2010，Acer had net sales of $150,000 and net income of $45,000. In addition，the following information is available:

What net cash provided by operating activities should Acer report in 2010? (A) $40,000 (B) $62,000 (C) $ 131，000 (D) $ 161,000

2. Comprehensive income includes all of the following except (A) Dividend revenue (B) Losses on disposal of assets (C) Investments by owners (D) Unrealized holding gains.

3. Rikulau Company is a calendar-year corporation whose financial statements for 2010 and 2011 included errors as follows:

Assume that purchases were recorded correctly and that no correcting entries were made at December 31，2010，or at December 31, 2011. Ignoring income taxes, by how much should Rikulau's retained earnings be retroactively adjusted at January 1，2012? (A) $144,000 increase (B) $36，000 increase (C) $18,000 decrease (D) $9，000 increase

4. On December 31, 2010 Penfold Company's inventory burned. Sales and purchases for the year had been $1,400,000 and $980,000, respectively. The beginning inventory was $170,000; in the past Penfold，s gross profit has averaged 40% of selling price. What is the estimated cost of inventory burned? (A) $840,000 (B) $590,000 (C) $310,000 (D) $140,000

5. On January 1，2010，Nikon Co. purchased 25% of Ace Corp.'s common stock; no goodwill resulted from the purchase. Nikon appropriately carries this investment at equity and the balance in Nikon，s investment account was $720,000 at December 31, 2010. Ace reported net income of $450,000 for the year ended December 31, 2010，and paid common stock dividends totaling $180,000 during 2010. How much did Nikon for its 25% interest in Ace? (A) $652,500 (B) $765,000 (C) $787，500 (D) $877,500

申論題 (9)

(a) On April 1，$4,500 of the accounts receivable is estimated not to be paid by debtors (fair value of the recourse provision).

(b) Transactions in April and May: collections of $269,000 by factors; sales returns and allowance of 20,000; sales discounts taken of $6,000; and uncollectible of $5,000 are written off.

(c) Final settlement between Columbia and Tiger Factors is on May 31. Required: (25%) Prepare the journal entries for both Columbia and Tiger Factors.

【已刪除】 a. Calculate the present value of the future cash flows of the restructured note. Assume the following present value factors for 3 periods.

b. Calculate the loss that Jayson will suffer from debt restructuring. Prepare the journal entries needed for (1) the restructuring of the debt and (2) the interest payment received on December 31，2007.

c. Calculate the gain for Simpson (if any). Prepare the journal entries needed by Simpson for the restructuring of the debt.

(1) The entries to record compensation expense for 2009 and 2010.

(2) On June 1, 2011，the vested options from 6 employees are exercised when the market price of company’ stock is $72 per share.

(3) On December 31，2011，the vested options from the remaining 2 employees are expired.