課程名稱︰會計學乙下 課程性質︰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）︰96.5.7 考試時限（分鐘）：100分鐘 是否需發放獎勵金：是 （如未明確表示，則不予發放） 試題 : 1. On Jan 1, 2008, Titania Inc. granted stock options to offers and key employees for the purchase of 20000 shares of the company's $10 par common stock at $25 per share. The options were exercisable within a 5-year period beginning Jan 1, 2010, by grantees still in the employ of the company, and expiring Dec. 31, 2014. The service period for the award is 2 years. Assume that the fair value option pricing model determines total compensation expense to be $350000. On April 1, 2009, 2000 options were terminated when the employees resigned from the company. The market value of the common stock was $35 per share on the date. On March 31, 2010, 12000 options were exercised when the market value of the common stock was $40 per share. Required: Prepare journal entries to record issuance of the stock options, termination of the stock options, and charges to compensation expense, for the years ended Dec 31, 2008, 2009 and 2010. (32%) 2. Kenseth Company has the following securities in its trading portfolio of securities on Dec 31, 2006 (30%) Investments (Trading) Cost FV 1500 shares of Gordon, Inc...Common $73500 $69000 5000 shares of Wallace Corp, ...Common 180000 175000 400 shares of Martin, Inc ...Preferred 60000 61500 --------- ------- $313500 $305600 All of the securities were purchased in 2006. In 2007, Kenseth completed the following securities transactions. March 1 Sold the 1500 shares of Gordon, Inc...Common @ $45 less fees of $1200 April 1 Bought 700 shares of Earnhart Corp, Inc...Common @ $75 plus fees of $1300 Kenseth Company's portfolio of trading securities appeared as follows on Dec 31, 2007. Investments (Trading) Cost FV 700 shares of Earnhart, Inc...Common $53800 $50400 5000 shares of Wallace Corp, ...Common 180000 175000 400 shares of Martin, Inc ...Preferred 60000 58000 --------- ------- $293800 $283400 Instructions: Prepare the general journal entries for Kenseth Company for" (a) The 2006 adjusting entry. (b) The sale of the Gordon stock. (c) The purchase of the Earnhart stock. (d) The 2007 adjusting entry for the trading portfolio. 3. Assume that the following data relative to Eddy Company for 2007 is available: Net Income $2100000 Transactions in Common Shares Change Cumulative Jan 1 ,2007, Beginning number 700000 Jan 1 ,2007, Purchase of treasury shares (60000) 640000 June 1 ,2007, Stock Split 2-1 640000 1280000 Nov 1, 2007, Issuance of shares 120000 1400000 8% Cumulative Convertible Preferred Stock Sold at par, convertible into 200000 shares of common (adjusted for split). $1000000 Stock Opions Exercisable at the option price of $25 per share. Average market price in 2007, $30 60000 shares Required: (20%) (a) Compute the basic earnings per share for 2007. (6%) (b) Compute the diluted earnings per share for 2007. (14%) 4. On Jan 1, 2007, Pennington Corporation purchased 30% of the common shares of Edwards Company for $180000. During the year, Edwards earned net income of $80000 and paid dividends of $20000. Required: Prepare the entries for Pennington to record the purchase and any additional entries related to this investment in Edwards Company in 2007 (18%) --

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