課程名稱︰會計學乙下
課程性質︰必修
課程教師︰葉疏
開課學院：管理學院
開課系所︰財金系
考試日期（年月日）︰08.3.12
考試時限（分鐘）：90分鐘
是否需發放獎勵金：是
（如未明確表示，則不予發放）
試題 :
1. On December 31,2005, Iva Majoli Company borrowed $62092 from Paris Bank,
signing a 5-year, $100000 zero-interest-bearing note. The note was issued
to yield 10% interest. Unfortunately, during 2008, Majoli began to
experience financial difficulty. As a result, at Dec,31,2008, Paris Bank
determined that it was probable that it would receive back only $75000 at
maturity. The market rate of interest of the nature is now 11%.
Required: (24%)
(a) Prepare the entry to record the issuance of the loan by Paris bank
on Dec,31,2008.
(b) Prepare the entry (if any) to record the impairment of the loan on
on Dec,31,2008, by Paris Bank.
(c) Prepare the entry (if any) to record the impairment of the loan on
on Dec,31,2008, by Majoli Company.
2. On January 2 ,2002, Banno Corporation issued $1500000 of 10% bonds at 97
due Dec, 31,2011. Legal and other costs of $24000 were incurred in
connection with the issue. Interest on the bonds is payable annually
each Dec 31. The $24000 issue costs are being deferred and amortized
on a straight-line basis over the 10-yesr term of the bonds. The discount
on the bonds is also being amortized on a straight-line basis over the 10
years.
The bonds are collable at 101, and on Jan,2,2007. Banno called $900000
face amount of the bonds and retired them.
Required: (26%)
Ignorring income taxes, compute the amount of the loss if any, to be
recognized bo Banno as a result of rstiring the $900000 of the bonds
in 2007 and Prepare the journal entry to record the retirement.
3. Sheryi Crow Equipment Company sold 500 Rollomatics during 2007 at $6000
each. During 2007, Crow spent $20000 servicing the 2-year warranties that
a company the Rollomatics. All applicable are on a cash basis.
Required: (20%)
(a) Prepare 2007 entries using the expencse warranty approach. Assume
the Crow estimates the total cost of servicing the warranties will be
$120000 for 2 years.
(b) Prepare 2007 entries for Crow assuming the warranties are not an
integral part if the sale. Assume that of the sales total, $150000
relates to sales of warranty contracts. Crow estimates the total
cost of servicing the warranties will be $120000 for 2 years.
Estimate revenues earned on the basis of costs incurred and estimated
costs.
4. Listed below are saveral types of contingencies:
a. A company has signed a guarantor of a loan that one of its key suppliers
has taken out with a local bank. The probability of the supplier
defaulting on the note is remote.
b. The company is suing another firm for tradeamark o infringement,
and the probability of winning the case is excellent. The amount of
any award can be reasonably estimated.
c. A company has a significant distribution center in another country
where it is reasonably possible that the warehouse will be expropriated
. The amount of the loss can be reliably estimated.
d. The company has a manufacturing plant in California near a major
earthquake fault line. The company has no earthquake insurance and it
reasonably possible that a quake will occur. The amount of any loss can
be reasonably estimated.
e. The company is involved in another lawsuit where it is reasonably
possible that the company will be found at a fault, but the amount of
the loss cannot be reasonably estimated.
Required: (30%)
Indicate whether the company should make a accrual, a footnote disclosure,
or neither of these for each contingency.
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※ 編輯: montrachet 來自: 140.112.244.207 (05/02 20:11)