東吳大學 102 學年度轉學生 ( 含進修學士班轉學生 ) 招生考試試題第 2 頁, 共 9 頁 6. An account that will have a zero balance after closing entries have been journalized and posted is

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1 東吳大學 102 學年度轉學生 ( 含進修學士班轉學生 ) 招生考試試題第 1 頁, 共 9 頁注意事項 : 英文題目請以英文作答, 中文題目請以中文作答一選擇題 ( 單選題, 每題 1 分, 共 10 分 ) 請在答案卷上自行繪製如下表格, 並依序填入答案 Mike's Copy Shop bought equipment for $24,000 on January 1, Mike estimated the useful life to be 3 years with no salvage value, and the straight-line method of depreciation will be used. On January 1, 2013, Mike decides that the business will use the equipment for 5 years. What is the revised depreciation expense for 2013? (A) $8,000. (B) $3,200. (C) $4,000. (D) $6, Freidrichs Company has outstanding 11,000 shares of cumulative, 6%, 50 par value preference shares which it sold for 54 per share as of December 31, The company has never paid preference dividends on these preference shares since their issuance on the beginning of As of December 31, 2014, dividends in arrears are (A) 66,000. (B) 99,000. (C) 121,500. (D) 106, The acquisition of treasury shares by a corporation (A) increases its total assets and total equity. (B) decreases its total assets and total equity. (C) has no effect on total assets and total equity. (D) requires that a gain or loss be recognized on the income statement. 4. On Jan 1, 2013, Montana Mining Company purchased the mineral rights to a granite deposit for $600,000. The right has legal life of 20 years. It is estimated that the recoverable granite will be 400,000 tons. During 2013, 60,000 tons of granite was extracted and sold. During 2013, in recording the allocation of the cost of the natural resources to expense, (A) $30,000 was debited to Depletion Expense (B) $30,000 was debited to Amortization Expense (C) $90,000 was credited to Accumulated Depletion (D) $90,000 was credit to Granite Deposit 5 During 2013, Salon Enterprises generated revenues of $60,000. The company s expenses were as follows: cost of goods sold of $30,000, operating expenses of $12,000 and a loss on the sale of equipment of $2,000. Salon s gross profit is (A) $60,000 (B) $30,000 (C) $18,000 (D) $16,000

2 東吳大學 102 學年度轉學生 ( 含進修學士班轉學生 ) 招生考試試題第 2 頁, 共 9 頁 6. An account that will have a zero balance after closing entries have been journalized and posted is (A) Accumulated Depreciation Office Equipment (B) Office Supplies (C) Advertising Expense (D) Unearned Revenue 7. The following data are taken from the income statement of Office Company Sales... $624,000 Beginning inventory... 98,000 Purchases. 466,100 Ending inventory 102,000 Based on the information, which one of the following is correct? (A) the inventory turnover for 2012 is %. (B) the inventory turnover for 2012 is 4.66 times. (C) the average days in inventory for 2012 is days. (D) the average days in inventory for 2012 is days. 8. Sales taxes collected by a retailer are recorded by (A) crediting Sales Taxes Revenue. (B) debiting Sales Taxes Expense (C) crediting Sales Taxes Payable (D) debiting Sales Taxes Payable 9. The following data are taken from the 2011 general ledger of Zuckerberg Company. Rent Rent expense $40,000 Prepaid rent, 1/1 9,000 Prepaid rent, 12/31 5,900 Salaries Salaries expense $46,000 Salaries payable, 1/1 10,000 Salaries payable, 12/31 8,000 If Zuckerberg Company uses the direct method, which one of the following should be reported in the operating activities section of the statement of cash flows? (A) cash payment of rent expense $43,100. (B) cash payment of rent expense $45,900. (C) cash payment of salaries expense $44,000. (D) cash payment of salaries expense $48, A check is written to replenish a $100 petty cash fund when the fund contains receipts of $94 and $3 in cash. In recording the replenishment, (A) Cash Over and Short should be debited for $3. (B) Petty Cash should be debited for $94. (C) Cash should be credited for $94. (D) Petty Cash should be credited for $3.

3 東吳大學 102 學年度轉學生 ( 含進修學士班轉學生 ) 招生考試試題第 3 頁, 共 9 頁二計算題 ( 每題 3 分, 共 75 分 ) 請在答案卷上以如下格式依序作答各計算題皆須列出詳細計算過程, 否則不予計分題號答案計算過程 : : 題組 A - 請依據下列資料回答第 11 至 15 題 : The financial statements of Bill Gates Company appear below: BILL GATES COMPANY Comparative Statements of Financial Position December 31 Assets Property, plant and equipment $140,000 $156,000 Less: Accumulated 60,000 $ 80,000 48,000 $108,000 depreciation Merchandise inventory 76,000 70,000 Accounts receivable 36,000 28,000 Cash 52,000 26,000 Total $244,000 $232,000 Liabilities and Equity Share Capital-Ordinary $ 50,000 $ 50,000 Retained earnings 66,000 56,000 Bonds payable 40,000 20,000 Accounts payable 58,000 66,000 Income taxes payable 30,000 40,000 Total $244,000 $232,000 ( 續下頁 )

4 東吳大學 102 學年度轉學生 ( 含進修學士班轉學生 ) 招生考試試題第 4 頁, 共 9 頁 BILL GATES COMPANY Income Statement For the Year Ended December 31, 2012 Sales $ 480,000 Cost of goods sold 360,000 Gross profit 120,000 Selling expenses $ 48,000 Administrative expenses 20,000 68,000 Income from operations 52,000 Interest revenue 1,000 Interest expense (5,000) Income before income taxes 48,000 Income tax expense 14,000 Net income $ 34,000 The following additional data were provided: a. Cash dividends of $24,000 were declared and paid. b. During the year equipment was sold for $20,000 cash. The equipment cost $30,000 originally and had a book value of $20,000 at the time of sale. c. Additional equipment was purchased for $14,000 cash. d. All depreciation expense, $22,000, is in the selling expense category. e. All sales and purchases are on account. Accounts payable pertains to merchandise creditors. 11. Compute Net Cash Provided (used) from Operating Activities as appeared in the statement of cash flows for the year 2012, using the indirect method. 12. Compute Net Cash Provided (used) from Investing Activities as appeared in the statement of cash flows for the year Compute Net Cash Provided (used) from Financing Activities as appeared in the statement of cash flows for the year Compute Cash Payment to Suppliers as appeared in the statement of cash flows for the year 2012, using the direct method. 15. Compute Cash Receipts from Customers as appeared in the statement of cash flows for the year 2012, using the direct method.

5 東吳大學 102 學年度轉學生 ( 含進修學士班轉學生 ) 招生考試試題第 5 頁, 共 9 頁題組 B - 請依據下列資料回答第 16 至 17 題 : Stone Company uses the perpetual inventory system and had the following purchases and sales during March: Purchases Sales Date Transactions Units Unit Cost Units Selling Price/Unit 3/1 Beginning inventory 100 $50 3/3 Purchase 60 $60 3/4 Sales 70 $100 3/10 Purchase 200 $70 3/16 Sales 80 $110 3/19 Purchase 40 $80 3/25 Sales 150 $110 Based on the inventory and sales data above, calculate the value assigned to cost of goods sold (COGS) in March and to the ending inventory at March 31 using 16. FIFO method. 17. average-cost method. (average cost 四捨五入計算至小數兩位, 例如 60.67,COGS and Ending Inventory 四捨五入計算至整數位 ) 題組 C - 請依據下列資料回答第 18 至 20 題 : Tote Corporation issued $260,000, 9%, 10-year bonds on January 1, 2011, for $243,799. This price resulted in an effective-interest rate of 10% on the bonds. Interest is payable semiannually on July 1 and January 1. Tote uses the effective-interest method to amortize bond premium or discount. The fiscal year of Tote Corporation ends at December What is the amount of interest payment, the amount of the discount (or premium) amortization, and the interest expense related to the bonds payable to be recorded on July 1, 2011 (assuming no accrual of interest on June 30, 2011). 19. What is the amount of interest payment, the amount of the discount (or premium) amortization, and the interest expense related to the bonds payable to be recorded on December 31, 2011? 20. What is the carrying value of the bond liability to be shown on the statement of financial position presentation on December 31, 2012?

6 東吳大學 102 學年度轉學生 ( 含進修學士班轉學生 ) 招生考試試題第 6 頁, 共 9 頁題組 D - 請依據下列資料回答第 21 至 29 題 : Pixar Company initiated operations on July 1, To manage the company, officers and managers have requested monthly financial statements starting July 31, 2011, and decided to adopt a fiscal year ended at December 31. The adjusted trial balance amounts at December 31, 2012 are shown below: Debits. Credits Accounts Receivable $ 810 Accounts Payable $ 1,140 Cash 8,680 Accumulated Depreciation Equipment 840 Depreciation Expense 665 Admissions Revenues 13,635 Dividends 600 Concessions Revenues 655 Equipment 8,400 Income Tax Payable 310 Income Tax Expense 310 Interest Payable 40 Interest Expense 45 Notes Payable 5,800 Long-term Investment 2,000 Retained Earnings 5,640 Prepaid Supplies 1,160 Salaries Payable 360 Prepaid Rent 865 Share Capital-Ordinary 5,000 Rent Expense 1,740 Unearned Admissions Revenues 580 Salaries Expense 7,145 Total credits $ 34,000 Short-term Investment 1,000 Supplies Expense 190 Utilities Expense 390 Total debits $ 34,000 Additional information: a. $800 of the Note Payable will be paid by December 31, b. Pixar declared and paid only cash dividends during the year. c. Weighted-average number of ordinary shares outstanding was 1,000 during the year d. Market price of Pixar s ordinary share was $18 per share at December 31, Using the financial statements and additional information, compute the following amounts or ratios for the Pixar Company for the year ( 所有比率四捨五入計算至小數二位 ) 21. Current assets. 26. Payout ratio. 22. Net income. 27. Price-earnings ratio. 23. Property, plant and Equipment. 28. Acid-test ratio 24. Net assets. 29. Times interest earned. 25. Return on ordinary shareholders equity.

7 東吳大學 102 學年度轉學生 ( 含進修學士班轉學生 ) 招生考試試題第 7 頁, 共 9 頁題組 E - 請依據下列資料回答第 30 至 31 題 : In recent years, Mountain Line Transportation purchased two used buses. Because of frequent turnover in the accounting department, a different accountant selected the depreciation method for each bus, and various depreciation method has been selected. Information concerning the buses is summarized below: Bus Date Acquired. Cost. Salvage. Value. Useful Life. in Years. Depreciation Method. A 4/1/ ,000 10,000 4 Declining-balance B 4/1/ ,000 4,000 5 Sum-of-the-years -digit For the declining-balance method, Lakeshore Transportation uses the double-declining rate. Assuming Lakeshore Transportation has recorded the depreciation for each bus up to December 31, 2012, compute: 30. the amount of accumulated depreciation on bus A at December 31, the amount of accumulated depreciation on bus B at December 31, 題組 F - 請依據下列資料回答第 32 至 35 題 : 華陽公司使用單一支票存款帳戶保管現金與支付費用 2013 年 5 月 31 日現金紀錄簿上的餘額為 $8, 下列為該公司 2013 年 5 月份紀錄的現金收入與支票付款 : 支票付款現金收入編號金額編號金額金額日期 17 $ $ $ /5 18 $ $ 1, $ /21 19 $ $ $ /27 20 $ $ $ /30 21 $ ( 續下頁 )

8 東吳大學 102 學年度轉學生 ( 含進修學士班轉學生 ) 招生考試試題第 8 頁, 共 9 頁華陽公司的支票存款帳戶 5 月份的銀行對帳單資料如下 : 上月份對帳單餘額存入及其他貸項支票及其他借項本月份對帳單餘額筆數總金額筆數總金額 $5, $10, $3, $11, 支票及其他借項存入及其他貸項編號金額編號金額金額日期餘額 , /1 $ 9, /8 $ 9, /23 $ 9, /29 $10, NSF SC 2, CM 5/31 $11, 符號說明 : NSF ( 存款餘額不足退票 ) SC ( 銀行手續費 ) CM ( 貸項通知單 ) 其他補充資料如下 : a. 曾出現於上月份銀行調節表上的流通在外支票均已於本月份對現 b. 支票編號 18 的正確金額為 $708.62, 係為支付廠商貨款而開出 c. 因存款不足而遭退票之支票 (NSF 支票 ) 乃客戶合纖公司付來的貨款支票華陽公司帳上尚未對此退票事件作任何紀錄 d. 貸項通知單所列 $2,100 來自應收票據託收 : 票據面額 $2,040, 外加利息 $70, 且扣除銀行手續費 $10 華陽公司帳上未曾應計此項利息 e. 銀行手續費 $15 為國外電匯入戶手續費試作 : 計算應呈現於 2013 年 5 月 31 日的銀行調節表上的以下各項目 : 32. 在途存款金額 33. 流通在外支票金額 34. 銀行存款正確餘額 35. 現金紀錄簿餘額應調整金額, 並逐項列示調整項目與原因

9 東吳大學 102 學年度轉學生 ( 含進修學士班轉學生 ) 招生考試試題第 9 頁, 共 9 頁三綜合題 ( 共 15 分 ) 36. ( 本題 4 分 ) 依據題組 F 之資料, 紀錄華陽公司於 2013 年 5 月 31 日現金紀錄簿上應作之更正分錄 37. ( 本題 11 分 ) Information pertaining to long-term share investments in 2012 by CTH Corporation follows: Acquired 10% of the 250,000 ordinary shares of Friend Company at a total cost of $22 per share on January 1, On June 15, Friend Company declared and paid a cash dividend of $1.50 per share. On December 31, Friend's reported net income was $280,000, and the market price of its ordinary share was $24.. Obtained significant influence over Android Company by buying 25% of Android's 100,000 outstanding ordinary shares at a total cost of $8 per share on January 1, On July 1, Android Company declared and paid a cash dividend of $2 per share. On December 31, Android's reported net income was $654,000 for the year, and the market price of its ordinary share was $10. Instructions (a) Prepare all necessary journal entries for 2012 for CTH Corporation. (b) List all the statement of financial position and income statement account balance at December 31, 2012, related to the above investments. Indicate which statement and where the balance will appear in the financial statements. Present your answer in following tabular format. Account Balance Financial Statement Presentation statement Secton

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