世界新聞傳播學院八十六學年度轉學考試

年級	系(組)別	考試科目
二	財務金融學系	會計學

☆ 考生得使用計算機(不准用翻譯機)

一、單一選擇題(40分)

第一部份(每題2分)

1. In a period of rising prices, which of the following inventory methods generally results in the lowest net income figure? (A)Average-cost method (B)FIFO method (C)LIFO method (D)Cannot tell without more information.

2. Using the accounts receivable aging methods, uncollectible accounts expense for the year are estimated to be $74,000. If the balance of Allowance for Uncollectible Account is a $18,000 credit before adjustment, what is the balance after adjustment? (A)$18,000 (B)$74,000 (C)$56,000 (D)$92,000.

3. Which of the following most appropriately describes depreciation? (A)Allocation of cost of plant asset (B)Decline in value of plant asset (C)Gradual obsolescence of plant asset (D)Physical deterioration of plant asset.

4. What accounting concept justifies the usage of accruals and deferrals? (A)Monetary unit assumption (B)Consistency characteristic (C)Materiality constraint (D)Going concern assumption.

5. Total stockholders’ equity is affected by: (A)issuance of a stock dividend (B)creation of an retained earnings appropriation for future loss (C)sale of treasury stock in excess of cost (D)All of the above.

6. Which of the following is correct about the effective interest method? (A)The effective interest method applied to bond investments is different from that to bonds payable (B)Amortization of a premium increase from period to period (C)The effective interest method produces a constant rate of return on the book value of investment from period to period (D)None of the above.

7. The amortization of bond discount on long-tern debt should be presented in a statement of cash flows as a(an): (A)Investing activity (B)Financing activity (C)Addition to income (D)Deduct from income.

8. Which of the following would result in a debit a plant asset? (A)Replacing of the stairs with an escalator (B)Property taxes paid for the first year a building is used (C)Cost of annually painting the offices on the fourth floor of a 10-story building (D)All of the above.

9. Macpac Company has a cash balance of $15,476.40 on a certain date. On the same date, the bank showed a balance of $16,736.40 in Macpac’s account. The difference could be caused by: (A)a deposit in transit of $12,60 (B)a $720 note collected by the bank together with outstanding checks of $1,980 (C)a service charge of $36 together with $1,224 of outstanding checks. (D)None of the above.

10. A corporate income statement would not include: (A)extraordinary gains and losses (B)prior period adjustment (C)discontinued operations (D)earning per share data.

第二部分(每題4分，請列出簡單計算過程，否則不與計分)

11. Lemer, Bates, and Marks were partners with capital accounts balances of $62,000, $38,000, and$20,000,tespectively, and shared income and losses in a 1:2:2 ratio. The partner decided to liquidate their firm when its assets consisted of $8,000 cash and $124,000 of other assets, and liabilities were $12,000. The other assets were sold for $44,000 and the liabilities were paid. Assuming that any partner developing a debit balance in his/her capital account were unable to pay the deficiency, Lemer would receive: (A)$42,000 (B)$46,000 (C)30,000 (D)$40,000.

12. The Smalley Iron Works Co. received a $7,500, 60-day, 8% note dated February 11, 1994. On March 23, the company discounted the note at 9%. What amount of cash did Smalley Iron Works Co. receive(if one year =360days)? (A)$7,500 (B)$7,600 (C)$7,562 (D)$7,638.

13. Bentley Company had 150 units of product A on hand at January 1, 1996, costing $21 each. Purchases and sales of Product A during the month were as follows:

	Units	Unit Cost		Units	Sales Pric
Purchases:			Sales:
Jan. 10	200	$22	Jan. 15	175	$28
Jan. 18	250	$23	Jan. 20	200	$28
Jan. 28	100	$24	Jan. 25	100	$30

A physical count on January 31, 1996, shows 225 units of product A on hand. The cost of the inventory at January 31, under perpetual LIFO, is; (A)$4,800 (B)$5,025 (C)$5,350 (D)$5,250

14. A truck with a cost $30,000, estimated useful life of four years, and estimated salvage value of $2000 is to be depreciated using the double-declining-balance method. What is the Accumulated Depreciation balance and the book value after the second year of use? (A)$22,500 and $7,500 (B)$22,500 and $5,500 (C)$21,000 and $7,000 (D)$21,000 and $9,000

15. On January 2, 1996, Coe Co. issued at par $800,000 of 9% convertible bonds, Each $1,000 bond is convertible into 30 shares. The bonds are common stock equivalents. No bonds were converted during 1996. Coe had 50,000 shares of common stock outstanding during 1996. Coe’s 1996 net income was $430,000 and the income tax rate was 30%. Coe’s primary earnings per share for 1996 would be (rounded to the nearest penny) (A)$5.81 (B)$6.49 (C)$8.60 (D)$9.61.

二、下列為世新公司民國82年12月31日「短期權益證券投資」之有關資料：

證 券	成 本	市 價
A公司普通股 500股	＄25,000	$27,500
B公司普通股 1,000股	62,5000	60,000
C公司特別股 250股	30,000	31,000

民國83年至86年間發生之短期權益證券投資交易如下：

83年2月18日	購入D公司普通股500股，成本$16,000。
6月20日	出售C公司普通股250股，淨售價$33,000。
8月16日	購入E公司普通股400股，成本$23,750。
84年8月25日	出售E公司普通股400股，淨售價$22,000。

各年底各種股票之每股市價如下：

證 券	83年	84年	85年	86年
A公司普通股	$59	$52	$46	$65
B公司普通股	55	45	60	63
D公司普通股	25	30	24	40
E公司普通股	64	35	30	48

試作各年度有關權益證券投資交易及各年底評價之分錄。(20分)

三、下列是興隆公司不完全的損益表及比較資產負債表：

興隆公司
損益表
1996年度
銷貨…………………………………………………………………….	$11,000,000
銷貨成本………………………………………………………………	? (A)
毛利…………………………………………………………………….	?
營業費用………………………………………………………………	1,665,000
營業淨利………………………………………………………………	?
其他費用及損失
利息費用…………………………………………………………	?
稅前淨利………………………………………………………………	?
所得稅費用……………………………………………………………	560,000
淨利…………………………………………………………………….	$ ?

興隆公司
資產負債表
12月31日
		資產：	1996年			1995年
流動資產
	現金……………………………………………………………		$150,000			$375,000
	應收帳款(淨額) ………………………………………………		?(B)			950,000
	存貨……………………………………………………………		?			1,720,000
	流動資產………………………………………………………		?			3,045,000
固定資產(淨額) ………………………………………………………			4,620,000			3,955,000
總資產…………………………………………………………………				$ ?			$7,000,000
	負債與股東權益：
流動負債………………………………………………………………			?			$825,000
長期應付票據……………………………………………………………			?(C)			2,800,000
總負債……………………………………………………………………			?			3,625,000
普通股(每股面值$1) ……………………………………………………			3,000,000			3,000,000
保留盈餘…………………………………………………………………			400,000			375,000
總股東權益………………………………………………………………			3,400,000			3,375,000
總負債及股東權益………………………………………………………					$ ?		$7,000,000

其他資料如下：

1).1996年應收帳款平均帳齡(假定每年360天計算)為36天。

2).所有銷貨都為賒銷。

3).1996年的淨利率為14.5%。

4).1996年的總資產報酬率為22%。

5).1996年12月31日流動比率為3:1。

6).1996年的存貨週轉律為4.8次。

試利用以上所給的比率計算：

1. (A)、(B)、(C)、遺失的資料。(9分)

2. 1996年底的速動比率、負債比率及1996年的利息保障倍數。(四捨五入至小數第二位)

四、天威公司民國85年12月31日部分帳戶之餘額如下：

投資志仁公司債券	$50,000
普通股，面額$12	600,000
資本公積—普通股發行溢價	150,000
保留盈餘	800,000

試作以下各獨立交易事項之分錄：

1. 宣告普通股股利每股$1。

2. 宣告10%普通股股利，當時普通股每股市價$25。

3. 進行1：4之股利分割，每股面額降為$3。

4. 宣告以志仁公司債券作財產股利分配，債券公平市價為$80,000。

(10分)

五、下面資料是由偉達公司民國85年12月31日的資產負債表上得來的。

流動負債：
	應付公司債利息(由7月1日誌12月31日共6個月)……………………………………		$132,000
長期負債：
	應付公司債，利率11%，於民國96年1月1日到期……………………………………..	$2,4000,000
	減：應付公司折價…………………………..	84,000	2,316,000

利息是再1月1日及7月1日每半年支付一次，公司債可於任一付息日贖回，偉達公司使用直線法對折溢價進行攤銷，自民國85年12月31日起債券尚需在外流通10年。假定6月30日並無應計利息。

試作：

1. 民國86年1月1日支付利息的分錄。

2. 民國86年7月1日攤銷折價和支付利息的分錄。

3. 假設民國86年7月1日付息後，贖回面值$800,000的公司債，贖回價格102，試作此分錄。

4. 作民國86年12月31日剩餘債券的攤銷折價和應計利息的調整分錄。

(12分)