世新大學九十二學年度日間部轉學生考試

                                              

學系別

考試科目

財務金融學系

會計學

＊    考生請於答案卷內作答

 

一、選擇題 (每題2分，共計40分)

1.      If the inventory account at the end of the year is understated, the effect will be to: (A)overstate the gross profit on sales  (B)understate the net purchases  (C)overstate the cost of goods sold  (D)overstate the goods available for sale.

2.      Accounting information is considered to be relevant when it: (A)can be depended on to represent the economic conditions and events that it is intended to represent  (B)is capable of making a difference in a decision  (C)is understandable by reasonably informed users of accounting information  (D)is verifiable and neutral.

3.      Which of the following would not be a correct form for an adjusting entry?  (A)A debit to a revenue and a credit to a liability  (B)A debit to an expense and a credit to a liability  (C)A debit to a liability and a credit to a revenue  (D)A debit to an asset and a credit to a liability.

4.      When the effective-interest method of bond premium amortization is used the: (A)amount of premium amortized will get larger with successive amortization  (B)carrying value of the bonds will increase with successive amortization  (C)interest paid to bondholders will increase after each interest payment date  (D)interest rate used to calculate interest expense will be the contractual rate.

5.      Under rising prices, which inventory method is best to use for tax purpose?  (A)FIFO  (B)LIFO  (C)specific identification  (D)average-cost.

6.      Noncash charges that are added back to net income in determining cash provided by operations under the indirect method do not include:  (A)an increase in inventory  (B)depreciation expense  (C)an decrease in accounts receivable  (D)loss on sale of equipment.

7.      The Stock Divided Distributable account represents: (A)a current asset  (B)a current liability  (C)temporary paid-in capital  (D)retained earnings.

8.      Which of the following is not be included in ending inventory? (A)Goods in transit purchased FOB shipping point (B)Goods in on consignment (C) Goods in transit sold FOB destination (D)Goods out on consignment.

9.      Which of the following best describes a possible result of treasury stock transactions by a corporation?  (A)May decrease but not increase net income  (B)May increase net income if the cost method is used  (C)May directly increase but not decrease retained earnings  (D)May directly decrease but not increase retained earnings.

10.  Unfavorable financial leverage results when: (A)too much is paid out in cash for interest  (B)too little is deducted for interest for tax purpose  (C)the cost of borrowed funds equals the revenue they generate  (D)the cost of borrowed funds exceeds the revenue they generate.

11. If a company purchases merchandise on terms of 1/10, n/30, the cash discount available is equivalent to what effective annual rate of interest (assuming a 360-day year)?  (A)1%  (B)12%  (C)18%  (D)36%.

 

12. The Boone Company reports the following:

                             End of Year         Beginning of Year

          Inventory             $25,000              $40,000

          Accounts Payable        30,000               10,000

If cost of goods sold for the year is $150,000, the amount of cash paid to suppliers is:  (A) $155,000  (B) $145,000  (C) $115,000   (D) $185,000.

 

13. During the year, Koby Company made an entry to write off a $4,000 uncollectible account. Before this entry was made, the balance in accounts receivable was $50,000 and the balance in the allowance account was $4,500. The net realizable value of accounts receivable after the write-off entry was:  (A) $50,000  (B) $49,500  (C) $41,500  (D) $45,500.

 

14. On September 19, 2001, Sun Co. purchased machinery for $190,000. Salvage value was estimated to be $10,000. The machinery will be depreciated over eight years using the sum-of-the-years’-digits method. If depreciation is computed on the basis of the nearest full month, Sun should record depreciation expense for 2002 on this machinery of: (A) $35,000  (B) $38,750  (C) $38,845  (D)40,903.

 

15. On January 1, 2002, Ewing Co. sold 12% bonds with a face value of $300,000. The bonds mature in five years, and interest is paid semiannually on June 30 and December 31. The bonds were sold for $323,100 to yield 10%. Using the effective interest method of amortization, interest expense for 2002 is: (A) $30,000  (B) $32,218  (C) $32,310  (D) $36,000.

 

16. On January 1, 2002, Hampton Co. redeemed its 15-year bonds of $300,000 par value for 102. They were originally issued on January 1, 1990 at 98 with a maturity date of January 1, 2005. The bond issue costs relating to this transaction were $18,000. Hampton amortizes discounts, premiums, and bond issue costs using the straight-line method. What amount of extraordinary loss should Hampton recognize on the redemption of these bonds (ignore taxes)?  (A) $10,800  (B) $7,200  (C) $6,000  (D) $0.

 

17. If Carter Company acquired a 90% interest in Adams Company on December 31, 2001 for $202,500 and during 2002 Adams Company had net income of $25,000 and paid a cash dividend of $10,000, applying the equity method would give a debit balance in the Investment in Adams Company Stock account at the end of 2002 of: (A)$202,500  (B)$216,000  (C)$225,000  (D)217,500.

 

18. Schopenhauer Company exchanged an old machine with a book value of $39,000 and a fair market value of $35,000, and paid $10,000 cash for a similar new machine. At what amount should the machine acquired in the exchange be recorded on the books of Schopenhauer?  (A)$45,000  (B)$46,000  (C)$49,000  (D)50,000.

 

19. Net income is $132,000. During the year, accounts payable increased $10,000, inventory decreased $6,000, and accounts receivables increased $12,000. Under the indirect method, net cash provided by operation is: (A)$136,000  (B)$124,000  (C)112,000  (D)$102,000.

 

20. On January 1, 2002, Holden Corporation had 110,000 shares of its $5 par value common stock outstanding. On June 1, the corporation acquired 10,000 shares of stock to be held in the treasury. On December 1, when the market price of the stock was $8, the corporation declared a 15% stock dividend to be issued to stockholders of record on December 16, 2002. What was the impact of the 15% stock dividend on the balance of the retained earnings account?  (A)$75,000 decrease  (B)$120,000 decrease  (C)$132,000 decrease  (D)No effect.

 

二、填空題 (每格3分，共計60分)  ※需列出計算過程，否則不予計分。

1.      忠孝公司8月31日編製銀行調節表前，公司帳上及銀行對帳單上之餘額分別為$227,500及$194,850。經過分析之後發現，兩者差異的原因為 : (1)銀行代扣水電費$1,350。(2)公司帳上將支付貨款的支票$5,250，誤記為$7,950。(3)存款不足退票$1,000。(4)在途存款一筆及未兌現支票$33,000。

請問忠孝公司8月份銀行調節表中在途存款金額為__(1)__元，正確存款餘額為_(2)__元。

 

2. 台達公司91年度所得稅及非常項目前純益為$621,875，稅前非常利益$156,250，所得稅率為20%，股份發行資料如下:

特別股 : 累積，不可轉換，6%，面值每股$100，全年流通在外10,000股。

普通股 : 1月1日流通在外20,000股

        3月1日發放股票股利20%

        5月1日現金增資12,000股

       10月1日股票分割，每1股分割為2股

       11月1日買回庫藏股9,000股

請問普通股非常項目前純益之每股盈餘為__(3)__元，非常項目後之每股盈餘為__(4)__元。

 

3. 大慶公司流通在外之股份包括面額$100之6%之特別股1,000股及面額$10之普通股20,000股。若特別股已積欠股利二年，今年宣告發放股利總數為$24,000。茲按不同情況，核算今年度特別股與普通股應得之股利 :

(1) 特別股為累積且完全參加，則特別股股利為__(5)___元，普通股股利為___(6)___元。

(2) 特別股為不累積參加至7%，則特別股股利為___(7)___元，普通股股利為___(8)___元。

 

4. 金山公司91年5月份存貨進銷資料如下，該公司採月結制。

        進              貨        銷              貨

        日期   數量   單價        日期   數量   單價

         5/1    800     40         5/5     400    60

         5/10   600     41         5/15    700    61

         5/20   400     42         5/25    500    62

         5/30   700     43        

(1)   該公司存貨計價採後進先出法，定期盤存至期末存貨__(9)__元，永續盤存制期末存貨___(10)___元。

(2)   該公司存貨計價採加權平均法，則期末存貨___(11)___元。

(3)   該公司存貨計價採移動平均法，則期末存貨___(12)___元。

(4)   綵後進先出法永續盤存制，5/15除銷貨分錄外，尚應記錄銷貨成本___(13___元。

 

5. 台北公司根據91年度財務報表所作之分析，部份資料如下:

   流動比率7.5 : 1

   速動比率 3.75 : 1

   存貨週轉率4.23次

應收帳款週轉率11.25次

營運資金$260,000

期初存貨為$100,000

期初應收帳款為$70,000

銷貨成本為銷貨之60%

假定銷貨全部均為賒銷，且流動資產僅包括現金、應收帳款、存貨三項，請問:

流動資產總額為___(14)___元，其中現金的金額為___(15)___元，應收帳款的金額為___(16)___元，存貨的金額為___(17)___元，91年度的銷貨毛利為___(18)___元。

 

6. 中興公司去年的部分損益表如下，該公司去年的稅率為30%。

   繼續營業部門利益     $60,000

   所得稅費用               A  

   非常損益前營業利益   $   B  

   非常損益(稅後)            C  

   淨利                 $37,000  

   請問表中『C』的金額為___(19)___元，去年全部的所得稅費用為___(20)___元。