課程名稱︰中級會計學上
課程性質︰系必修
課程教師︰李艷榕
開課學院：管理學院
開課系所︰會計學系
考試日期（年月日）︰2012/12/24
考試時限（分鐘）：100
是否需發放獎勵金：是
（如未明確表示，則不予發放）
試題 :
1.Presented below is information related to Waveland Inc.
Cost Retail
Inventory,12/31/10 $250,000 $390,000
Purchases 914,500 1,460,000
Purchase returns 60,000 80,000
Purchase discounts 18,000
Gross sales(after employee discounts) 1,410,000
Sales returns 97,500
Sales discounts 10,000
Markups 120,000
Markup cancellations 40,000
Markdowns 45,000
Markdown cancellations 20,000
Freight-in 42,000
Employee discounts granted 8,000
Loss from breakage(normal) 4,500
Required(20 points)
Assuming that Waveland Inc. uses the conventional retail inventory method,
compute the cost of its ending inventory at December 31,2011.
2.Yu Company lost most of its inventory in a fire in December just before the
year-end physical inventory was taken.Corporate records disclose the
following.
Inventory(beginning) $210,000 Sales $970,000
Purchases 805,000 Sales returns 71,000
Purchase returns 15,000 Gross profit % based on
net selling price 20%
Merchandise with a selling price of $51,000 remained undamaged after the
fire,and damaged merchandise has a residual value of $2,500.The company
does not carry fire insurance on its inventory.
Required(10 points)
Compute the fire loss incurred using the gross profit method.(Show your
computations.)
3.Presented below is information related to equipment owned by Marley Company,
which was pruchased at January 1,2010.
Cost €6,000,000
Useful life 4 years
Rsidual value -
Assume that Marley will continue to use this asset in the future.On December
31,2010,management projected the value-in-use from this equipment to be
€4,200,000 and its fair value less cost of disposol to be €3,600,000.
Required(12 points)
(1)Prepare the journal entry (if any) to record the impairment of the asset
at December 31,2010.
(2)Prepare the journal entry to record depreciation espense for 2011.
(3)The recoverable amount of the equipment at December 31,2011,is
€3,250,000.Prepare the journal entry (if any) necessary to record this
increase.
4.Ramirez Company exchanged equipment used in its manufacturing operations for
similar equipment used in the operations of Kennedy Corporation.The
following information pertains to the exchange.
Ramirez Co Kennedy Co
Equipment(cost) $90,000 $85,000
Accumulated depreciation 40,000 45,000
Fair value of equipment 45,000 43,000
Cash given up 2,000
Required(10 points)
(1)Prepare the journal entries to record the exchange on the books of Ramirez
Company.Assume that exchange lacks commercial substance.
(2)Prepare the journal entries to record the exchange on the books of Kennedy
Company.Assume that exchange has commercial substance.
5.Plant acquisitions for selected companies are presented below.
(1)Protex Inc. acquired land,buildings,and equipment from a bankrupt company,
for a lump-sum price of $700,000.At the time of purchase,the assets had
the following book and appraisal values.
Book Values Appraisal Values
Land $200,000 $300,000
Buildings 450,000 250,000
Equipment 300,000 250,000
To be conservative,the company decided to take the lower of the two values
for each asset acquired.The following entry was made.
Land 200,000
Buildings 250,000
Equipment 250,000
Cash 700,000
(2)Apple Industries purchased store equipment by making a $10,000 cash down
payment and signing a 2-year,$40,000,8% note payable.The market rate of
interest for obligations of this nature is 8%.The purchase was recorded
as follows.
Store Equipment 56,400
Cash 10,000
Note Payable 40,000
Interest Payable 6,400
(3)Cherry Company purchased office equipment for $50,000,terms 1/10,n/30.
Because the company intended to take the discount,it made no entry until
it paid for the acquisition.The entry was:
Office Equipment 5,000
Cash 49,500
Purchase Discounts 500
(4)Gump Company built a factory for $750,000,It could have purchased the
building for $900,000.The controller made the following entry.
Warehouse 900,000
Cash 750,000
Profit on Construction 250,000
Required(16 points)
Prepare the entry that should have been made at the date of each acquisition.
6.丙公司因金融風暴危害，依政府紓困貸款方案規定，於X7年1月1日申請低利貸款，其貸
款條件如下：
(1)貸款利息：年息2%，年底付息。
(2)貸款期間：二年。
(3)貸款額度：$2,000,000。
(4)當時市場利率為6%。
試作丙公司X7年有關獲得政府低利貸款相關之分錄。(12 points)
7.甲公司於99年初向銀行借款$2,000,000以備興建辦公大樓作為其企業總部，期間2年，
年利率10%。在同一期間內，甲公司帳上另有二筆長期借款，一為$450,000,000，年利
率6%，另一為$5,500,000，年利率8%。經分析若甲公司不興建辦公大樓，則此二筆借款
即可償還。辦公大樓於100年9月30日完工，工程支出如下：
99年1月1日 $1,000,000
99年3月1日 600,000
99年6月30日 800,000
99年10月1日 600,000
100年2月1日 270,000
100年4月30日 585,000
100年8月31日 900,000
試作：列示計算99年及100年應資本化的利息金額。(20 points)
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