課程名稱︰會計學甲一下
課程性質︰必修
課程教師︰王泰昌 (助教名:楊景雯)
開課學院：管理學院
開課系所︰財務金融學系
考試日期（年月日）︰101.06.13
考試時限（分鐘）：170
是否需發放獎勵金：是
（如未明確表示，則不予發放）
試題 :
一、 Investment
1.
Glaser Company had the following transactions pertaining to debt securities
held as a short-term investment. (fair value through profit and loss)
Jan.1 Purchased 50, 8%, $1,000 Adcock Company bonds for $50,000 cash plus
brokerage fees of $800. Interest is payable semiannually on July 1 and January1
July.1 Received semiannual interest on Adcock Company bonds.
Oct.1 Sold 30 Adcock Company bonds for $32,000 plus accrued interest less
$500 brokerage fees.
Dec.31 The fair value the investment is $25,000.
(a) Journalize the transactions. (transactions 1/1-10/1)
(b) Prepare the adjusting entries on December 31.
2. Grand Cosmetics acquired 20,000 ordinary shares of Cey Fashion at a total
cost of $13 per share on Jan 1, 2011. On June 30, Cey declared and paid a
$60,000 dividend. On December 31, Cey reported net income of $110,000 for the
year. At December 31, the market price of Cey Fashion was $15 per share.
(1) Journalize the transactions under each circumstances..
(a) As 10% fair value through profit or loss.
(b) As 10% available-for-sale.
(c) As 25% equity method.
(2) Differentiate the presentations under each circumstances.
3.On January 2, 2011, Pine Company purchased 100% of the outstanding common
shares of Seely Company for $550,000. Any excess of cost over the book value
of the net assets of Seely company should first be allocated to Land $70,000
and Buildings $50,000 and any remainder to Goodwill.
(a) Complete the following word below for preparing a consolidated balance
sheet on the date of acquisition. You may add accounts to the worksheet
that may be necessary.
(b) Prepare a consolidated balance sheet for Pine Company and Subsidiary on
January 2, 2011
PINE COMPANY AND SUBSIDIART
Worksheet-Consolidated Statement of Financial Position
January 2 , 2011 (Acquisition Date)
Pine Seely Eliminations Consolidated
Company Company Debits Credits Data
Assets
Land 20,000 150,000
Buildings (net) 150,000 250,000
Investment in
Seely ordinary shares 550,000
Current assets 90,000 70,000
Totals 810,000 470,000 _______________
Liabilities and Equity
Share Capital-Pine 500,000
Share Capital-Seely 270,000
Retained earnings—Seely 130,000
Retained earnings—Pine 270,000
Current Liabilities 40,000 70,000
Totals 810,000 470,000 _______________ ______________
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二、Statement of cash flows :
1.
Prepare a statement of cash flows for 2011 using the indirect method.
NEWMAN CORPORATION
Comparative Statement of Financial Position
December 31
2011 2010
Equipment $60,000 $70,000
Accumulated depreciation (14,000) (10,000)
Investments 25,000 16,000
Accounts receivable 25,200 22,300
Cash 10,200 17,700
Total $106,400 $116,000
======= =======
Share capital-ordinary $50,000 $45,000
Retained earnings 31,800 29,900
Bonds payable 10,000 30,000
Accounts payable 14,600 11,100
Total $106,400 $116,000
======== =======
Additional information:
a. Net income was $15,300. Dividends declared and paid were $13,400.
b. Equipment which cost $10,000 and had accumulated depreciation of $2,200 was
sold for $3,800.
c. All other changes m non-current account balances had a direct effect on cash
flows, except the change in accumulated depreciation.
2.
Prepare a statement of cash flows for 2011 using the direct method.
MEENAN COMPANY
Comparative Statement of Financial Position
December 31
2011 2010
Assets
Property, plant, and equipment € 50,000 € 78,000
Accumulated depreciation (20,000) (24,000)
Merchandise inventory 30,000 15,000
Accounts receivable 26,000 34,000
Cash 38,000 23,000
Total €124,000 €126,000
======= =======
Equities and Liabilities
Share capital-ordinary € 41,000 € 24,000
Retained earnings 46,000 38,000
Bonds payable 7,000 33,000
Accounts payable 17,000 23,000
Income taxes payable 13,000 8,000
Total €124,000 €126,000
======= =======
MEENAN COMPANY
Income Statement
For the Year Ended December 31, 2011
Sales €400,000
Cost of goods sold 280,000