課程名稱︰中級會計學
課程性質︰系定必修
課程教師︰董水量
開課系所︰財金系
考試時間︰2006/6/27
是否需發放獎勵金：要
（如未明確表示，則不予發放）
試題 :
ㄧ(40%)
1. The rationale for interperiod income tax allocation is to
a.recongize a tax asset or liability for the tax consequences of temporary
differences that exist at the balance sheet date.
b.recognize a distribution f earnings to the taxing agency.
c.recoocile the tax consequences of permanent and temporary differences
appearing on the current year's financial statements.
d.adjust income tax expense on the income statement to be in agreement with
income taxes payable on the balance sheet.
2.Taxable income of a corporation
a.differs from accounting income due ti differences in intraperiod
allocation between the two methods of income determination.
b.differs from accounting income due to differences in interperiod
allocation and permanent differences the two methods of income
determination.
c.is based on generally accepted accountind principles.
d.is reported on the corporation's income statement.
3.Taxable income of a corporation differs from pretax financial income because
of permanent temporary
differences differences
a. no no
b. no yes
c. yes yes
d. yes no
4.The deferred tax expense is the
a.increase in balance of deferred tax asset minus the increase in balance of
deferred tax liability.
b.increase in balance of deferred tax liability minus the increase in balance
of deferred tax asset.
c.increase in balance of deferred tax asset plus the increase in balance of
deferred tax liability.
d.decrease in balance of deferred tax asset minus the increase in balance of
deferred tax liability.
5.Interperiod tax allocation results in a tax deferred tax liability from
a.an income item partially recognized for financial purposes but fully
recognized for tax purposes in any one year.
b.the amount of deferred tax consequences attributed to temporary differences
that result in net deductible amounts in future years.
c.an income itam fully recognized for tax and financial purposes in any
one year.
d.the amount of deferred tax consequences attributed to temporary differences
that result in net taxable amounts in the future .
6.Which of the following situations would require interperiod income tax
allocation procedures
a.an excess of percentage depletion over cost depletion.
b.interest received on municipal bonds.
c.a temporary differences exits at the balance sheet date because the tax
basis of an asset or liability and its reported amount in the financial
statements differ.
d.proceeds from a life insurance policy on an officer.
7.Interperiod tax allocation would not be required when
a.costs are written off in theyear of the expenditure for tax purposes but
capitalized for accounting purposes.
b.statutory (or percentage)depletion exceeds cost depletion for the period.
c.different methods of revenue recognition arise for tax purposes and
accounting purposes.
d.different depreciable lives are used for machinery for tax and accounting
purposes.
8.An example of a permanent differences is
a.proceeds from life insurance on officers.
b.interest expense on money borrowed to invest in municipal bonds.
c.insurance expense for a life insurance plicy in officers.
d.all of these.
9.Which of the following will not result in a temporary difference
a.product warranty liabilities.
b.advance rental receipts.
c.installment sales.
d.all of these will result in a temporary difference.
10.Machinery was required at the beginning of the year.Depreciation recorded
during the life of the machinery could result in
future future
taxable amounts deductible amounts
a. yes yes
b. yes no
c. no yes
d no no
11.In a defined benefit plan, the process of funding refers to
a.determing the projected benefit obligation.
b.determing the accumulated benefit obligation.
c.making the periodic contributions to a funding agency to insure that funds
are available to meet retirees' claims.
d.determing the amount that might be reported for pension expense.
12.In all pension plans,the accounting problems include all the following
except
a.measuring the amount of pension obligation.
b.disclosing the status and effects of the plan in the financial statements.
c.allocating the cost of the plan to the proper periods.
d.determing the level of individual premiuns.
13.In a defined benefit contribution plan ,a formula is used that
a.defins the benefits that the empolyee will receive at the time of
retirement.
b.ensures that pension expense and the cash funding amount will be different.
c.requires an empolyer to contribute certain sum each period based on the
formula.
d.ensures that empolyer are at risk of make sure funds are available at
retirement.
14.In a defined benefit plan,a formula is used that
a.requires that the benefit of gain or the risk of loss from the assets
contributed to the pension plan be borne by the employee.
b.defines the benefits that the employee will receive at the time of
retirement.
c.requires that pension expense and the cash funding amount to be the same.
d.defines the contribution the employer is to make;no promise is made
concering the ultimate benefits to paid out to the employees.
15.The methods of accounting for a lease by the lessee are
a.operating and capital lease methods.
b.operating,sales,and capital lease methods.
c.operating and leverage lease methods.
d.none of these.
16.Which of the following is a correct statement of one of the capitalization
criterisa
a.the lease transfers ownership of the property to the lessor.
b.the lease contains a purchase option.
c.the lease term is equal to or more than 75% of the estimated economic life
of the leased property.
d.the minimum lease payments (excluding executory costs) equal or exceed 90%
of the fair value of the leased property.
17.Accounting changes are often made and the monetary impact is reflected in
the financial statements of a company even though,in theory,this may be a
violation of the accounting concept of
a.materiality
b.cinsistency
c.conservatism
d.objectivity
18.Which type of accounting change should always be accounted for in current
and future periods
a.change in accounting principle
b.change in reporting entity
c.change in accounting estimate
d.correction of an error
19.Which of the following is(are)the proper time period(s) to record the
effects of a change in accounting estimate
a.current period and prospectively
b.current period and retroactively
c.retroactively only
d.current period only
20.A company using a perpatual inventory system neglected ro record a purchase
of merchandise on account at year end.This merchandise was omitted from the
year-end physical count.How will these errors affect assets,liabilities,and
stockholders' equity at year end and net income for the year
assets liabilities stockholders' eqiuty net income
a. no effect understate ovestate ovestate
b. no effect ovestate understate understate
c. understate understate no effect no effect
d. understate no effect understate understate
二(20%)Any given transaction may affect a statement of cash flows (using the
indirect method)in one or nore of the following ways:
cash flow from operating activities
a.net income will be increased or adjusted upward
b.net income will be increased or adjusted downward
cash flow from investing activities
c.increase as aresult of cash inflows
d.decrease as aresult of cash inflows
cash flow from financing activities
e.increase as aresult of cash inflows
f.decrease as aresult of cash inflows
the statement of cash flow is not affected
g.not required to be reported on the statement
instructions
For each transaction listed below ,list the letters from above that describe(s)
the effect of the transaction on a statement of cash flows for the yaer ending
December 31,2004 (ignore any income tax effects)
1.preferred stock with a carring value of $44000 was redeemed for $50000 on
January 1,2004
2.uncollectible accounts receivable in the amount of $3000 were written off
against the allowance for doubtful accounts balance of $12200 on December
31,2004
3.machinery which originally cost $3000 and has a book value of1800 is sold
for $1400 on December 31,2004
4.land is acquired through the issuance of bonds payable on July 1 ,2004
5.1000 shares of stock ,stated value $10 per share,are issued for $25 per
share in 2004
三(20%)Indicate for each of the following what should be disclosed on a
statement of cash flows(indirect method).If not disclosed,write "Not shown"
There may be more than one answer for some items.For am item that is added to
net income,write "Add,"and for an item that is deducted from net income,write
"Deduct."Show financing and investing outflows in parentheses.For example,an
answer might be :Deduct $4700 or Investing ($31000).If the item is a noncash
transaction that should be disclosed separately,write "Noncash."
a.the deferred tax liability increased $10000
b.thebalance in in vestment in Kane Co. stock increase $12000 as a result of
using the equity method
c.issuance of a stock dividend increased common stock $40000 and paid-in
capital $16000
d.amortization of bond discount $1600
e.machinery that cost $100000 and had accumulated depreciation of $48000 was
sold for $5.000
四(20%)
Presented below is the income statement ofGregg.Inc.:
sales $380000
cost of good sold 225000
gross profit $155000
operaing expenses 95000
income before income taxes 60000
income taxes 24000
net income $ 36000
In addition,the following information related to net changes in working capital
is presented: debit credit
cash $12000
trade account receivable(net) 10000
inventories $19400
salaries payable(operating exp.) 8000
trade account payable 9000
income tax payable 3000
The company also indicates that depreciation expense for the year was $13700
and the deferred tax liability account increased $2600
Instructions
Use the indirect method to prepare a schedule computing the net cash flow from
operating activities the would be shown on a statement of cash flows.
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