世新大學八十八學年度轉學考試

年級	系(組)別	考試科目
二	財務金融學系	會計學

(可用一般電子計算機)

一、選擇題(每題2分，共計30分)

1. If a firm purchases $100,000 of bonds of Del Co. at 102 plus accrued interest of $2,000 and pays broker’s commission of $50, the amount debited to Investment in Del Co. Bonds would be: (A)$100,000 (B)$104,050 (C)$104,000 (D)none of the above.

2. On January 1,1997, Reno Company acquired 85% of the outstanding voting common stock of Portland Company for $550,000 and maintains the investment account under the equity method. During 1997, Portland Company had net income of $61,000 and paid out $40,000 in dividends on common stock. On December 31, 1997, the Investment in Portland Company account on Reno Company’s books should have a balance before possible adjustments of: (A)$567,850 (B)$571,000 (C)$485,350 (D)none of the above.

3. Which of the following will affect total assets? (A)stock split (B)stock dividend (C)Purchases of treasury stock (D)all of the above.

4. When prices are rising, a switch from LIFO to FIFO will result in a(n): (A)increase in inventory turnover (B)increase in the current ratio (C)increase in the acid-test ratio (D)decrease in the gross margin rate.

5. Adjusting entries for accrued and deferred items: (A)never involve cash (B)usually don’t involve cash (C)involve cash only when cash has not been prepaid (D)involve cash only when cash has already been received.

6. On April 1,Crawford Co. received a $1.600, 45-day, 8% note from Trenlo Associates. On May 10, it discounted the note at the bank at 10%. Which of the following statement regarding this set of transactions is true? (if one year=360 days) (A)Face value of the note is $1,616 (B)Maturity value of the note is $1,728 (C)The discount period is 6 days (D)The discount is $1,600*0.1*39/360.

7. A truck of Hayes, Inc. that cost $12,000 and had $7,000 accumulated depreciation was traded in for a newer model. The new truck had a cash price of $14,000. The dealer allowances Hayes a trade-in allowance of $7,000, with the remainder to be paid in cash. The journal entry to recoed the exchange, in accordance with accounting principles, would include a: (A)credit to Cash of $2,000 (B)credit to Trade-in Allowance of $7,000 (C)credit to Gain on Exchange of Assets of $2,000 (D)Debit to Trucks(for the new truck) of $12,000.

8. R&B Inc. is a calendar-year corporation whose financial statements for 1996 and 1997 included errors as follows:

Year	Ending Inventory	Depreciation Expense
1996	$3,000 understand	$2,500 understand
1997	$1,000 overstated	$800 overstated

Assume that no correcting entries were made at December 31,1997, ignoring income taxes, by how much should R&B’s retained earnings be retroactively adjusted at January 1, 1998? (A)$3,200 decrease (B)$2,700 decrease (C)$200decrease (D)None of the above.

9. The “Discontinued Operations” section of the income statement typically contains: (A)the gain or loss on the disposal of the discontinued operation(s) (B)the current period net income or loss from the discontinued operation(s) (C) the tax impact of both answers (A) and (B) (D) all of the above.

10. After all the closing entries have been posted, the balance of the Income Summary account should be: (A)a debit if a net income has been earned (B)a debit of a net loss has been incurred (C)a credit of a net loss has been incurred (D)zero.

11. Financial reporting provided information that is useful in each of the following situation except: (A)making investment and credit decisions (B)assessing cash flow prospects (C)making employment decisions (D)assessing business resources, and charges in them.

12. The original cost of an inventory item is above the replacement cost. Te replacement cost is above the net realizable value. Under the lower of cost and market method, the inventory item should be priced at its: (A)net realizable value (B)net realizable value less the normal profit margin (C)original cost (D)replacement cost.

13. Which of the following most appropriately describes depreciation? (A)physical deterioration of plant asset (B)allocation of cost of plant asset (C)decline in value of plant asset (D)gradual obsolescence of plant asset.

14. O and P are partner, who share profits and losses in the ratio of 3:2 and have the following capital balance on December 31,19xx : O, Capital, $500,000;P,Capital, $200,000. Assume that the partners agree to let Q into the partnership if he invests $300,000 for a one-forth interest. P’s capital balance would be: (A)$250,000 (B)$200,000 (C)$220,000 (D)none of the above.

15. All but one of the following is reported in a retained earnings statement. The exception is: (A)sales of the treasury stock above cost (B)some disposals of treasury stock below cost (C)net income and net loss (D)cash and stock dividends.

二、填空題(每格2分，共計50分) 答案如有小數位數，請四捨五入取至小數第二位

1. 偉利公司86年12月31日資產負債表中部份資料如下：

應付公司債，12%(80年發行，90年到期)	$5,000,000
特別股，6%累積，面額$100	2,000,000
普通股，面額$100(全年無變動)	10,000,000

其他資料：(a)86年度稅前淨利為$1,050,000，所得稅費用為$360,000。

(b)年底普通股市價為每股$105。

請問86年之利息保障倍數為 (1) ，普通股每股盈餘為 (2) 元，本益比為 (3) 。

2. 大信公司87年6月底之資料如下：

(a) 銀行存款之帳面金額為$37,500。

(b) 未對現支票$1,750。

(d) 客戶霍德公司開給大信公司之支票因存款不足退票$2,400，大信公司尚未記錄。

(e) 大信公司付款支票面額$2,780，而該公司記帳員誤記為$2,870。

(f) 大華公司開出支票$1,200，銀行誤由大信公司帳戶扣除。

(g) 銀行扣收手續費$100，大信公司尚未入帳。

請問正確存款金額 (4) 元，銀行對帳單餘額為 (5) 元。

3. 由於會計部門的高流動率，每部機器均由不同的會計人員來決定其折舊方法，且分別採用不同的折舊方法。以下為三部機器有關的資訊：

機器	取得日	成本	殘值	耐用年限	折舊方法
1	80.7.1	$86,000	$6,000	8	直線法
2	81.4.1	110,000	10,000	4	年數合計法
3	82.1.1	96,000	8,000	3	倍數餘額遞減法

(1)三機器至82年12月31日止的累積折舊總額 (6) 元。

(2)三機器83年的折舊費用總額 (7) 元。

(3)假設在84年1月1日，該公司對第一部機器的估計改變，尚可使用兩年，殘值為$10,000，則第一部機器在84年的折舊費用 (8) 元。

已知	5%16期1元複利現值0.45811	6%16期1元複利現值0.39365
	10%8期1元複利現值0.46651	12%8期1元複利現值0.40388
	5%16期1元年金現值10.83777	6%16期1元年金現值10.10590
	10%8前1元年金現值5.33493	12%8期1元年金現值4.96764

世新公司於86年1月1日發行年息10%，面值$2,000,000公司債，每年1越1日與7月1日付息，八年到期，已知發行時市場利率為12%。

(1)該債券發行價格為 (9) 元。

(2)採利息攤銷折價、溢價，第一期利息費用 (10) 元，第一期期末公司債帳面價值 (11) 元。

(3)採直線攤銷折價、溢價，第一期利息費用 (12) 元，第一期期末公司債帳面價值 (13) 元。

(請四捨五入取至整數位)

5. 永安公司發行在外之股份有，6%面額$100之特別股1,000股及面額$10之普通股15,000股。若特別股已積欠股利一年，今年宣告發放股利總數為$20,000。茲按不同情況，核算今年度特別股與普通股應得之股利：

(1)特別股為非累積，全部參加，則特別股股利為 (14) 元，普通股股利為 (15) 元。

(2)特別股為累積，全部參加，則特別股股利為 (16) 元，普通股股利為 (17) 元。

(3) 特別股為非累積，部分參加，分配之限額7%，則特別股股利為 (18) 元，普通股股利為 (19) 元。

6. 台北公司有關應收帳款和壞帳的資料如下：

(a) 86年初應收帳款之淨變現價值為$285,000。

(b) 86年度發生之有關交易彙總如下：

銷貨	$1,000,000	(其中$400,000為現銷)
收到客戶還帳現金	690,000
客戶取得折扣	10,000
沖銷壞帳	12,000
轉回沖銷壞帳但尚未收取	6,000

(1)台北公司86年初應收帳款帳戶餘額為 (20) 元，，被抵壞帳帳戶餘額為 (21) 元。

(2)台北公司應收帳餘額百分比法下之壞帳比率為 (22) %。

(3)台北公司86年底應提列壞帳 (23) 元。

(4)台北公司86年底應收帳款帳戶餘額為 (24) 元，應收帳款淨變現價值為 (25) 元。

三、偉來公司比較資產負債表及損益表如下：

偉來公司
比較資產負債表
12月31日
資產：		87年	86年
	現金	＄ 54,000	＄ 37,000
	應收帳款	68,000	26,000
	存貨	54,000	-0-
	預付費用	4,000	6,000
	土地	45,000	70,000
	房屋	200,000	200,000
	累積折舊—房屋	(21,000)	(11,000)
	設備	193,000	68,000
	累積折舊—設備	(28,000)	(10,000)
	合計	＄ 569,000	＄ 386,000
負債與股東權益：
	應付帳款	＄ 23,000	＄ 40,000
	應付費用	10,000	-0-
	應付公司債	110,000	150,000
	普通股(每股面額＄10)	220,000	60,000
	保留盈餘	206,000	136,000
	合計	＄ 569,000	＄ 386,000

偉來公司
損益表
民國87年度
銷貨收入		＄ 890,000
銷貨成本	＄ 465,000
營業費用	233,000
出售設備損失	2,000	700,000
稅前淨利		190,000
所得稅費用		65,000
淨利		＄ 125,000

補充資訊：

(a) 土地以面帳價值出售

(b) 本年度宣告並發放現金股利$55,000。

(d) 依帳面價值贖回$10,000的公司債，另有$30,000的公司債轉換成普通股(採帳面價值法)。

(e) 本年度以現金增資。

試依據上列資料，以間接法編制偉來公司87年度現金流量表。(20分)

Year

Ending Inventory

Depreciation Expense