[考古] 會計學(二)/必修/972期中考

[tengins (無所不在)]

[開課學院]:金融學院,商學院    (ex:金融學院,商學院,理工學院,資電學院,建設學院,文學院...)
[開課系所]:金融學院,商學院各系    (ex:中文系,外文系,電機系,財稅系..)
[課程名稱]:會計學(二)
[開課學期]:97 下學期
[類型]:97-2期中考        ex:(第n次)小考/98-2期中考/98-2期末考

 1.When two clerks share the same register,it is a violation of which
   internal control principle?

   a.Insure Assets.
   b.Maintain adequate records.
   c.Establish responsibilities.
   d.Bond key employees.

 2.Notification by the bank that a deposited customer check was returned NSF
   requires that the company make the following adjusting entry:

   a.Cash
       Accounts Receivable

   b.Accounts Receivable
       Cash

   c.Miscellaneous Expense
       Accounts Receivable

   d.No adjusting entry is necessary.

 3.Accounts Receivable appear in the balance sheet:

   a.As current assets, combined with cash and cash equivalents.
   b.As current assets, immediately after cash and cash equivalents.
   c.As either current assets or noncurrent assets, depending on whether the
     allowance method or the direct write-off method is used to account for
     uncollectible accounts.
   d.Only if the balance sheet method of estimating uncollectible accounts
     is used.

 4.Midas Company,which has an adequate amount in its Allowance for Doubtful
   Accounts, writes off as uncollectible an account receivable from a bankrupt
   customer.This action will:

   a.Have no effect on total current assets.
   b.Reduce total current assets.
   c.Reduce net income for the period.
   d.Reduce the amount of owners' equity.

 5.On March 1,2008, Penner Company acquired real estate on which it planned to
   construct a small office building. The company paid $80,000 in cash.An old
   warehouse on the property was razed at a cost of $8,600; the salvaged
   materials were sold for $1,700. Additional expenditures before construction
   began included $1,100 attorney's fee for work concerning the land purchase,
   $5,000 real estate broker's fee, $7,800 architect's fee, and $14,000 to put
   in driveways and a parking lot. What amount is the cost of the land?
   a. $88,000
   b. $86,900
   c. $91,900
   d. $93,000

 6.Goodwill can be recorded
   a.when customers keep returning because they are satisfied with the
     company's products.
   b.when the company acquires a good location for its business.
   c.when the company has exceptional management.
   d.only when there is an exchange transaction involving the purchase of an
     entire business.

 7.The balance in accumulated depreciation is
   a.deducted from intangible assets on the balance sheet.
   b.deducted from retained earnings in the stockholders' equity section of
     the balance sheet.
   c.deducted from plant and equipment the on balance sheet.
   d.generally not reported in the financial statements.

 8.Assume that the custodian of a $450 petty cash fund has $62.50 in coins
   and currency plus $382.50 in receipts at the end of the month. The entry to
   replenish the petty cash fund will include:
   a.A credit to Cash for $387.50.
   b.A credit to Cash Over and Short for $5.00.
   c.A credit to Petty Cash for $387.50.
   d.A debit to Cash for $387.50.

 9.At June 30, Coulsen Company has the following bank information:cash balance
   per bank $3,600; outstanding checks $280; deposits in transit $550; credit
   memo for interest $10; bank service change $20. What is Coulsen's adjusted
   cash balance on June 30?
   a.$3,860
   b.$3,880
   c.$3,330
   d.$3,870

10.Pierce Company wrote totaling $8,540 during October and $9,325 during
   November. $8,120 of these checks cleared the bank in October, and $9,110
   cleared the bank in November. What was the amount of outstanding checks on
   November 30?
   a.$635
   b.$115
   c.$305
   d.$990

11.The accounting records of H Company showed cash of $14,000 on June 30. The
   balance per the bank statement on June was $15,380. The only reconciling
   items were deposits in transit of $4,000, outstanding checks totaling $5,600
   ,an NSF check for $200 returned by the bank which H Company had not yet
   charged back to the customer, and a bank service charge of $20. The
   preparation should indicate cash owed by H Company on June 30 in the amount
   of:
   a.$13,800
   b.$13,780
   c.$12,400
   d.$13,580

12.On March 3, Cornwell Appliances sells $680,000 of its receivables to Marsh
   Factors Inc. Marsh Factors assesses a finance charge 3% of the amount of
   receivables sold. Which one is for Cornwell Appliances?

   a.Cash..............           $680,000
        Accounts Receivable.......         $680,000

   b.Cash..............           $659,600
        Accounts Receivable.......         $659,600

   c.Cash..............           $659,600
     Service Charge Expense.......  20,400
        Accounts Receivable.......         $680,000

   d.Cash..............           $680,000
     Service Charge Expense.......  20,400
        Accounts Receivable.......         $700,400


13.Kese Company received a 2-month,9%, $300,000 note receivable on December 1,
   2008. The adjusting entry on December 31,2008 will:
   a.Debit Cash $2,250
   b.Debit Interest Receivable $2,250
   c.Credit Interest Receivable $2,250
   d.Credit Interest Revenue $4,500

14.F Company holds Kola Company's $50,000, 4-month,9%, note. The entry made by
   F Company when the note is collected, assuming no interest has been
   previously accrued,is as follow:
   a.Dr. Cash $50,000;Cr. Note Receivable $50,000.
   b.Dr. Cash $51,500;Cr. Note Receivable $51,500.
   c.Dr. Cash $51,500;Cr. Note Receivable $50,000,Cr. Interest Receivable$1,500
   d.Dr. Cash $51,500;Cr. Note Receivable $50,000,Cr. Interest Revenue $1,500

15.Young Bus Lines uses the units-of-activity method in depreciating its buses.
   One bus was purchased on January 1,2008, at a cost of $168,000. Over its
   4-year useful life, the bus is expected to be driven 100,000 miles. Salvage
   value is expected to be $8,000. The amount of the depreciation cost per mile
   is?
   a.$1.60
   b.$1.68
   c.$1.76
   d.$1.65

16.Australia Co. exchanged old trucks (cost $74,000 less $42,000 accumulated
   depreciation) plus cash of $29,000 for new trucks. The old trucks had a fair
   market value of $25,000. Which one incorrect assuming the exchange has
   commercial substance?
   a.Debit: Trucks (new) $54,000
   b.Debit: Accumulated Depreciation—Trucks (old) $42,000
   c.Debit: Loss on Disposal $6,900
   d.Credit: Cash $29,000

17.On July 1,2008, Meed Kennels sells equipment for $66,000. The equipment
   originally cost $180,000, had an estimated 5-year life and an expected
   salvage value of $30,000. The accumulated depreciation account had a balance
   of $105,000 on January 1,2008, using the straight-line method.The gain or
   loss on disposal is
   a.$9,000 gain.
   b.$6,000 loss.
   c.$9,000 loss.
   d.$6,000 gain.

18.A coal company invests $16 million in a mine estimated to have 20 million
   tons of coal and no salvage value. It is expected that the mine will be in
   operation for 5 years. In the first year, 1,000,000 tons of coal are
   extracted and sold. What is the depletion expense for the first year?
   a.$800,000
   b.$320,000
   c.$80,000
   d.Cannot be determined from the information provided.

19.Denton Company incurred $300,000 of research and development costs in its
   laboratory to develop a new product. It spent $40,000 in legal fees for a
   patent granted on January 2,2008. On July 31,2008, Denton paid $30,000 for
   legal fees in a successful defense of the patent.What is the total amount
   that should be debited Patents through July 31,2008?
   a.$300,000
   b.$70,000
   c.$370,000
   d.Some other amount.

20.A company has the following assets:
Building and Equipment,less accumulated depreciation of $2,000,000   $9,600,000
Copyrights                                                              960,000
Patents                                                               4,000,000
Timberlands,less accumulated depreciation of $2,800,000               4,800,000
   The total amount reported under Property,Plant,and Equipment would be
   a.$19,360,000
   b.$14,400,000
   c.$18,400,000
   d.$15,360,000

21.E Company elects to use the percentage of sales basis in 2008 to record had
   bad debts expense. It estimates that 2% of net credit sales will become
   uncollectible. Credit sales are $800,000 for 2008, Sales returns and
   allowance and $37,000, and the allowance for doubtful accounts has a credit
   balance of $9,000. The adjustment entry is as follow:
   a.Dr. Bad debts expense $15,260 ;Cr. Accounts Receivable $15,260
   b.Dr. Bad debts expense $16,000 ;Cr. Allowance for doubtful accounts $16,000
   c.Dr. Bad debts expense $15,260 ;Cr. Allowance for doubtful accounts $15,260
   d.Dr. Bad debts expense $6,260 ;Cr. Allowance for doubtful accounts $6,260

22.Say Company had the following information relating to credit sales in 2008:

Accounts Receivable 12/31/2008...................................... $8,000
Allowance for doubtful accounts-Cr.12/31/2008(before adjustment)....    750
Credit sales during 2008............................................ 38,000
Cash sales during 2008.............................................. 12,000
Collections from customers on account during 2008................... 41,000

   If uncollectible accounts are determined by the aging-of-receivable method
to be $1,200, the uncollectible account expense for 2008 would be:
   a.$1,200
   b.$750
   c.$450
   d.$1,950

23.Colt Industries has an accounts receivable turnover rate of 8. Which of the
   following statement is not true?
   a.Colt's accounts receivable are more liquid than those of a business whose
     accounts receivable turnover rate is 5.
   b.Colt wait approximately 46 days to make collections of its credit sale.(
     Assume 365 days for a year)
   c.Colt writes off accounts receivable as uncollectible if they are over 45
     days old.
   d.Colt's net credit sales are about eight times the amount of its average
     accounts receivable.

24.Jim's Copy Shop bought equipment for $90,000 on January 1,2007.Jim estimated
   the useful life to be 3 years with no salvage value, and the straight-line
   method of depreciation will be used. On January 1,2008, Jim decides that the
   business will use the equipment for 5 years. What is the revised
   depreciation expense for 2008?
   a.$30,000
   b.$12,000
   c.$15,000
   d.$22,500

25.A company purchased office equipment for $20,000 and estimated a salvage
   value of $4,000 at the end of its 5-year useful life. The constant
   percentage to be applied against book value each year if the
   double-declining-balance method is used is
   a.20%
   b.25%
   c.40%
   d.4%


--
※ 發信站: 批踢踢實業坊(ptt.cc)
◆ From: 123.240.82.201
推 longdog     :我來附個答案 1~5 CBBAD 6~10 DCADA
→ longdog     :11~15 BCBDA 16~20 CDABB 21~25 CCCCC
※ 編輯: tengins         來自: 123.240.83.63        (04/14 15:08)
推 longdog     :因此次會計學期中考第24題題目有語意不清之處,故此題
→ longdog     :的答案將改為B或C均予給分