課程名稱︰會計學甲一下
課程性質︰必修
課程教師︰王泰昌
開課學院：管理學院
開課系所︰財務金融學系
考試日期（年月日）︰101/05/16
考試時限（分鐘）：150
是否需發放獎勵金：是
（如未明確表示，則不予發放）
試題 :
會計學一下實習第二次小考
一、Partnership：
1.Mann and Trane decide to combine their separate businesses to form M & S Auto
Repair, a partnership. Information from their separate balance sheets is:
Mann Auto Repair Trane Auto Repair
Cash $10,000 $12,000
Accounts receivable 9,000 10,000
Allowance for doubtful accounts 1,000 500
Equipment 12,000 24,000
Accumulated amortization—Equipment 2,000 4,000
Accounts payable 5,000 6,000
Notes payable — 3,000
The respective realizable value of Mann's and Trane's receivables are $8,000,
$7,000. The fair market value of Mann's and Trane's equipment are $13,000,
$20,000. All liabilities would be assumed by the proprietorships with the
exception of the notes payable on Trane's balance sheet which he will pay
himself.
Prepare the “separate” journal entries necessary to record the formation of
the partnership.
2.L. Pinella (beginning capital, $80,000) and H. Johnston (beginning capital
$120,000) are partners. During 2010, the net income was $90,000, and Pinella
made drawings of $24,000 while Johnston made drawings of $32,000. Assume the
income to be divided with a salary of $55,000 to Pinella and $45,000 to
Johnston, interest of 10% on beginning capital, and the remainder divided
50%-50%.
Prepare the journal entry to record the allocation of net income and
capital drawing.
3.The ABC Partnership is to be liquidated and you have to prepare a Schedule of
Cash Payments for the partnership. Partners Andie, Becka, and Candice income
ratio are 4:3:3, respectively. Assume the following:
(1) The noncash assets were sold for $75,000.
(2) Liabilities were paid in full.
(3) The remaining cash was distributed to the partners. (If any partner has a
capital deficiency, assume that the partner is unable to make up the
capital deficiency.)
Using the above information, complete the Schedule of Cash Payments below:
(Hint: non-cash asset disposal→liability→capital deficiency→
partners's capital return)
ABC PARTNERSHIP Schedule of Cash Payments
Item Cash +Noncash Assets = Liabilities +A's Capital+B's Capital +C's Capital
25,000 + 150,000 = 50,000 + 25,000 + 35,000 + 65,000
4.The Dobler and Menke Partnership has partner capital account balances as
follows:
Dobler, Capital $550,000 Menke, Capital 250,000
Prepare the journal entry on the books of the partnership to record the
admission of Sloan as a new partner under the following three independent
circumstances.
(a) Sloan pays $350,000 to Dobler and $150,000 to Menke for one-half of each of
their ownership interest in a personal transaction.
(b) Sloan invests $850,000 in the partnership for a one-third interest in
partnership capital.
(c) Sloan invests $175,000 in the partnership for a one-third interest in
partnership capital.
二、Equity：
1.Prepare the entry to record payment of the note at maturity.On January 1,2011,
the equity section of Lopez Corporation shows: Share capital–ordinary ($5 par
value) $1,500,000; share premium–ordinary $1,000,000; and retained earnings
$1,200,000.During the year, the following treasury share transactions occurred.
Mar. 1 Purchased 30,000 shares for cash at $15 per share.
July.1 Sold 6,000 treasury shares for cash at $17 per share.
Sept.1 Sold 5,000 treasury shares for cash at $14 per share.
(a) Journalize the treasury share transactions.
(b) Restate the entry for September 1, assuming the treasury shares were sold
at $12 per share.
2.Kenner Corporation's equity section at December 31, 2010 appears below:
Share capital–ordinary, $10 par, 60,000 outstanding $600,000
Share premium–ordinary 150,000
Retained earnings 150,000
Total equity $900,000
On June 30, 2011, the Corporation declared a 20% share dividend, payable on
July 31, 2011, to shareholders of record on July 15, 2011. The fair value of
Kenner Corporation's shares on June 30, 2011, was $15.(small share dividend)
On December 1, 2011, the board of directors declared a 2 for 1 share split
effective December 15, 2011. Kenner Corporation's shares was selling for $20
on December 1, 2011, before the share split was declared. Par value of the
shares was adjusted. Net income for 2011 was $190,000 and there were no cash
dividends declared.
(a) Prepare the journal entries on the appropriate dates to record the share
dividend and the share split.
(b) Fill in the amount that would appear in the equity section for Kenner
Corporation at December 31, 2011, for the following items:
(1) Share Capital–Ordinary $____________
(2) Number of shares outstanding $_____________
(3) Par value per share $____________
(4) Share premium $____________
(5) Retained earnings $____________
(6) Total equity $____________
3.Graber’s preference shares are：10%, par $100, callable at $120 per share,
cumulative and outstanding 10,000 shares. Assume that dividends on Graber's
preference shares were in arrears for 2 year and P/S were issued at $110.
The total equity is $2,000,000 and the ordinary outstanding shares were
20,000 shares. What is the book value per ordinary share?
4.A公司今年淨利$821,000，全年有20,000股累積特別股流通在外，每股面額$100，4%
，已積欠一年股利且今年又未發放股利。1/1普通股流通在外100,000股，4/1現金增資
20,000股，7/1發放10%股票股利，10/1買回庫藏股12,000股，12/1進行1股分割為2股
。試計算EPS.
5.頌乾公司x8年底普通股及特別股之相關資料為：
特別股：面額100元，股利率5%，發行及流通在外50,000股。
普通股：面額10元，發行及流通在外500,000股。
該公司x9年初宣告股利$900,000元，假設積欠一年的特別股股利。
a.非累積非參加 b.非累積全部參加 c.非累積參加至12% d.非累積參加至8%
e.累積非參加 f.累積全部參加 g.累積參加至8% h.累積參加至5%
--
※ 發信站: 批踢踢實業坊(ptt.cc)
◆ From: 140.112.25.105
※ 編輯: d3osef 來自: 140.112.25.105 (12/10 16:24)