課程名稱︰會計學乙二上
課程性質︰財金系必修
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）︰96.10.30
考試時限（分鐘）：180分鐘
是否需發放獎勵金：是
（如未明確表示，則不予發放）
試題 :
一、選擇題(40%)
1. Accounting information is considered to be relevant when it
a. can be depended on to represent th economic conditions and events that
it is intended to represent.
b. is capable of making a difference in a decision.
c. is understandable by resonably informed users of accounting information.
d. is verifiable and neutral.
2. In classifying the elements of financial statements, the primary
distinction between revenues and gains is
a. the materiality of the amounts involved.
b. the likelihood that the transactions involved will recur in the future.
c. the nature of the activities that gave rise to the transactions involved
d. the costs versus the benefits of the alternative methods of disclosing
the transactions involved.
3. Preparation of consolidated financial statements when a parent-subsidiary
relationship exists is an example of the
a. economic entity assumption.
b. relevance characteristic.
c. comparability characteristic.
d. neutrality characteristic.
4. Generally, revenue from sales usually are recognized at a point when
a. management decides it is appropriate to do so.
b. the product is available for sale to the ultimate consumer.
c. the entire amount receivable has been collected from the customer and
there remains no futher warranty liability.
d. the product is shipped to the customer.
5. The allowance for doubtful accounts, which appears as a deduction from
accounts receivable on a balance sheet and which is based on an estimate of
bad debts, is an application of the
a. consistency characteristic.
b. matching principle.
c. materiality consraint.
d. revenue recognition principle.
6. If, during an accounting period, an expense item has been incurred and
consumed but not yet paid for or recorded, then the end-of-period adjusting
entry would involve
a. a liability account and an asset account.
b. an asset or contra asset account and an expense account.
c. a liability account and an expense account.
d. a receivable account and a revenue account.
7. Year-end net assets(cash) would be overstated and current expenses would be
understated as a result of failure to record which of the following
adjusting entries?
a. Expiration of prepaid insurance
b. Depreciation of fixed assets
c. Accured wages payable
d. All of these
8. If the inventory account at the end of the year is understated, the effect
will be to
a. overstate the gross profit on sales.
b. understate the net purchases.
c. overstate the cost of goods sold.
d. overstate the goods available for sale.
9. Under which of the following conditions would material flood damage be
considered an extraordinary item for financial reporting purpose?
a. Only if floods in the geographical area are unusual in nature and occur
infrequently.
b. Only if the flood damage is material in amount and could have been
reduced by prudent management.
c. Under any circumstances as an extraordinary item.
d. Flood damage should never be classified as an extraordinary item.
10.How would an unusual event not meeting the criteria for an extraordinary
item be disclosed in the financial statements?
a. Shown as a separate item in operating revenues or expenses if material
and supplemented by a footnote if deemed appropriate.
b. Shown in operating revenues or expenses if material but not shown as a
separate item.
c. Shown net of income tax after ordinary net earnings but before
extraordinary items.
d. Shown net of income tax after extraordinary items but before net
earnings.
11.When a company discontinues an operation and disposes of the discontinued
operation (component), the transaction should be included in the income
statement as a gain or loss on disposal reported as
a. a prior period adjustment.
b. an extraordinary item.
c. an amount after continuing operations and before extraordinary items.
d. a bulk sale of plant assets included in income from continuing
operations.
12.Which of the following items will not appear in the retained earnings
﹋﹋
statement?
a. Net loss
b. Prior period adjustment
c. Change in accounting principle, net of taxes
d. Dividends
13.Shank Corporation made a very large arithmetical error in the preparation
of its year-end financial statements by improper placement of a decimal
point in the calculation of depreciation. The error caused the net income
to be reported at almost double the proper amount. Correction of the error
when discovered in the next year should be treated as
a. an increase in depreciation expense for the year in which the error is
discovered.
b. a component of income for the year in which the error is discovered, but
separately listed on the income statement anf fully explained in a note
to the financial statements.
c. an extraordinary item for the year in which the error was made.
d. a prior period adjustment.
14.Comprehensive income includes all of the following except
﹋﹋﹋
a. dividend revenue.
b. losses on disposal of assets.
c. investments by owners.
d. unrealized holding gains.
15.A review of the December 31, 2004, financial statements of Benes
Corporation revealed that under the category "extraordinary losses," Benes
reported a total of $246,000. Further analysis revealed that the $246,000
in losses was comprised of the following items:
(1)Benes recorded a loss of $60,000 incurred in the abandonment of eqipment
formerly used in the business.
(2)In an unusual and infrequent occurrencce, a loss of $140,000 was
sustained as a result of hurricane damage to warehouse.
(3)During 2004, several factories were shut down during a major strike by
employees, resulting in a loss of $34,000.
(4)Uncollectible accounts receivable of $12,000 were written off as
uncollectable.
Ignoring income taxes, what amount of loss should Benes report as
extraordinary on its 2004 income statement?
a. $60,000
b. $140,000
c. $200,000
d. $246,000
16.The correct order to present current assets is
a. Cash, accounts receivable, prepaid items, inventories.
b. Cash, accounts receivable, inventories, prepaid items.
c. Cash, inventories, accounts receivable, prepaud items.
d. Cash, inventories, prepaid items, accoumts receivable.
17.An example of an item which is not an element of working capital is
a. accrued interest on notes receivable.
b. goodwill.
c. goods in process.
d. temporary investments.
18.Making and collecting loans and disposing of property, plant, and equipment
are
a. operating activities.
b. investing activities.
c. financing activities.
d. liquidity activities.
19.Free cash flow is calculated as net cash provided by operating activities
less
a. capital expenditures.
b. dividends.
c. capital expenditures amd dividends.
d. capital expenditures and depriciation.
20.Preferred stock issued in exchange for land would be reported in the
statement of cash flow in
a. the cash flows from financing activities section.
b. tje cash flows from investing activities section.
c. a separate schedule.
d. the cash flows from operating section.
二、計算題(60%)
1. Presented below is information related to Gregg Company.
Retained earnings, December 31, 2003 $ 650,000
Sales 1,600,000
Selling and administrative expenses 240,000
Hurricane loss (pre-tax) on plant (extraordinary item) 250,000
Cash dividends declared on common stock 33,600
Cost of goods sold 960,000
Gain resulting from computation error on depreciation charge in 520,000
2002 (pre-tax)
Other revenue 60,000
Other expenses 50,000
Instructions
﹋﹋﹋﹋﹋﹋
Prepare in good form a multiple-step income statement for the year 2004.
Assumea 30% tax rate and that 100,000 shares of commom stock were outstanding
during the year, including EPS information. (15%)
2. Presented below is the December 31 trial balance of Nancy Drew Boutique.
NANCY DREW BOUTIQUE
Trial Balance
December 31
Debit Credit
──── ────
Cash $ 18,500
Accounts Receivable 42,000
Allowance for Doubtful Accounts $ 700
Inventory, December 31 80,000
Prepaid Insurance 5,100
Furniture and Equipment 84,000
Accmulated Depreciation-Furniture and Equipment 35,000
Notes Payable 28,000
Common Stock 80,600
Retained Earnings 10,000
Sales 600,000
Cost of Goods Sold 398,000
Sales Salaries Expense 6,700
Administrative Salaries Expense 65,000
Office Expense 5,000
──── ────
$754,300 $754,300
════ ════
Adjusting data:
(1)Bad debts are estimates to be $1,400.
(2)Furniture and equipment is depreciates based on a 6-year life (no
salvage value). (straight-line method)
(3)Insurance expired during the year $2,550.
(4)Interest accrued on notes payable $3,360.
(5)Sales salaries earned but not paid $2,400.
(6)Advertising paid in advance $700.
(7)Office supplies on hand $1,500, charged to Office Expense when purchased
Instructions
﹋﹋﹋﹋﹋﹋
(a) Journalize the adjusting entries. (14%)
(b) Prepare an adjusted trial balance. (10%)
(c) Journalize the closing entries. (6%)
3.Typical balance sheet classifications are as follows.
a. Current Assets g. Long-Term Liabilities
b. Investments h. Capital Stock
c. Plant Assets i. Additional Paid-In Capital
d. Intangible Assets j. Retained Earnings
e. Other Assets k. Notes to Financial Statements
f. Current Liabilities l. Not Reported on Balance Sheet
Indicate by use of the above letters how each of the following items would be
classified on a balance sheet prepared at December 31, 2004. If a contra
account, or any amount that is negative or opposite the normal balance, put
parentheses around the letter selected. A letter may be used more than once or
not at all.
__ 1. Accrued salaries and wages __ 8. Goodwill
__ 2. Rental revenues for 3 months __ 9. 90 days notes payable
collected in advance __10. Investment in bonds of another
__ 3. Land used as plant site company; will be held to 2007
__ 4. Equity securities classified maturity
as trading __11. Death of company president
__ 5. Accrued interest payable due __12. Current maturity of bonds
in 30 days payable
__ 6. Unamortized discount on __13. Investment in subsidiary; no
bonds payable due 2007 plans to sell in near future
__ 7. Unamortized premium on bonds __14. Prepaid rent for next 12 months
payable due in 2013 __15. Earnings not distributed to
stockholders
Answer
﹋﹋﹋
一、
1.-10. b c a d b c d c a a
11.-20. c c d c b b b b c c
二、3.
1.-10. f f c a f (g)(g)d f b
11.-15. l f b a j
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