课程名称︰中级会计学下 课程性质︰必修 课程教师︰李艳榕 开课学院：管理学院 开课系所︰会计学系 考试日期（年月日）︰2013年4月8日 考试时限（分钟）：90分钟 是否需发放奖励金：是 （如未明确表示，则不予发放） 试题 : 1.Multiple Choice(3 points each) (1)Which of the following is a current liability? A. A ling-term debt maturing currently,which is to be paid with cash in a sinking fund. B. A ling-term debt maturing currently,which is to be retired with proceeds from a new long-term debt issue C. A long-term debt maturing currently,which is to be converted into ordinary shares D. None of these (2)Which of the following is a current liability? A. Preferece dividends in arrears B. A dividend payable in the form of additional shares C. A cash dividend payable to preference shareholders D. All of these (3)Which of the following is the proper way to report a probable contingent asset? A. As an accrued amount. B. As deffered revenue. C. As an account receivable with additional disclosure explaining the nature of the contingency. D. As a disclosure only. (4)A company buys an oil rig for $1,000,000 on January 1,2010.The life of the rig is 10 years and the expected cost to dismantle the rig at the end of 10 years is $200,000(present value at 10% is $77,110).10% is an appropriate interest rate for this company.What expense should be recorded for 2010 as a result of these events? A. Depreciation expense of $120,000 B. Depreciation expense of $100,000 and interest expense of $7,711 C. Depreciation expense of $100,000 and interest expense of $20,000 D. Depreciation expense of $107,711 and interest expense of $7,711 (5)Tender Foot Inc. is involved in litigation regarding a faulty product sold in a prior year.The company has consuled with its attorney and determined that it is possible that they may lose the case.The attorneys estimated that there is a 40% chance of losing.If this is the case,their attorney estimated that the amount of any payment would be $500,000.What is the required journel entry as a result of this litigation? A. Debit Litigation Expense for $500,000 and credit Litigation Liability for $500,000. B. No journal entry is required. C. Debit Litigation Expense for $200,000 and credit Litigation Liability for $200,000. D. Debit Litigation Expense for $300,000 and credit Litigation Liability for $300,000. 2.(15 points)The Lengel Company began operations on January 1,2006.The company estimated that $0.10 of warranty costs will be incurred for $1 each of sales. In 2006,Lengel's sales were $400,000,and payments arising out of warranty obligations were $18,000. Required (1)Prepare the 2006 journal entry(ies) for warranty expense and payments using the cash basis. (2)Prepare the 2006 journal entry(ies) for wattanty expense and payments using the expense warranty accrual method. (3)Assume that of the sales total,$40,000 relates to sales of warranty contracts.Prepare the 2006 journal entries for sales and warranties using the sales warranty accrual method. 3.(12 points)Sycamore Candy Company offers a CD single as a premium for every five candy bar wrappers presented by customers together with $2.50.The candy bars are sold by the company to distributors for 30 cents each.The purchase price of each CD to the company is $2.25;in addition it costs 50 cents to mail each CD.The results of the premium plan for te years 2010 and 2011 are as follows.(All purchases and sales are for cash.) _2010_ _2011_ CDs purchased 250,000 330,000 Candy bars sold 2,895,400 2,743,600 Wrappers redeemed 1,200,000 1,500,000 2010 wrappers expected to be redeemed in 2011 290,000 2011 wrappers expected to be redeemed in 2012 350,000 Required Prepare the journal entries that should be made in 2011 to record the transactions related to the premium plan of the Sycamore Candy Company, assuming all the wrappers expected to be redeemed from 2010 were redeemed by the end of 2011. 4.(10 points)Strickland Company owes $200,000 plus $18,000 of accrued interest to Moran State Bank.The debt is a 10-year,10% note.During 2010,Strickland's business deteriorated due to a faltering regional economy.On December 31, 2010,Moran State Bank agrees to accept an old machine and cancel the entire debt.The machine has a cost of $390,000,accumulated depreciation of $221,000, and a fair value of $180,000. Required (1)Prepare jourla entries for Strickland Company to record this debt settlement. (2)Assume that,instead of transferring the machine,Strickland decides to grant 15,000 of its ordinary shares($10 par),which have a fair value of $180,000 in full settlement of the loan obligation.Prepare the entries to record the transaction. ＊本题可用中文作答 5.(12 points)光阳公司於93年1月1日发行10%分期还本公司债$2,000,000，得款 $2,021,000。该公司债每年12月31日付息一次，自94年起，每年年底偿还$500,000，分 四年偿还，采用流通额法摊销公司债之折溢价。光阳公司於96年1月1日以$502,300收回 应於97年12月31日到期之公司债。 试作以下分录： (1)93年12月31日付息 (2)96年1月1日收回公司债 (3)96年12月31日付息 6.(16 points)光平公司奉准於100年5月1日发行年利率6%、八年期、面额$5,000,000之公 司债，每年5月1日及11月1日各付息一次。该公司债因故延至6月1日始实际发行，连同 应计利息共收到现金$4,773,725。光平公司采历年制并以直线法摊销债券折价。光平公 司於107年5月1日付息後以现金$995,640赎回面额$1,000,000之公司债。 试作以下分录： (1)100年6月1日发行之公司债分录 (2)100年12月31日应作之调整分录 (3)101年5月1日支付利息之分录 (4)107年5月1日赎回公司债之分录 7.(20 points)力行公司对永南公司之应付票据面额$3,000,000，利率10%（相当於当时之 市场利率），X4年12月31日票据到期无力偿还本金，且已积欠利息$300,000，岁与永南 公司商议修改债务条件。永南公司同意将票据到期日延至X8年底，利率降为6%，本金不 变，积欠利息免除。若债务协商费用为$120,000，协商当时借款市场利率为8%，是为力 行公司及永南公司作X4年12月31日债务整理及X5年12月31日支付利息之分录。（答案请 四舍五入至个位数） --

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