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 _______________ ______________ ======= ======= 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 --------- Gross profit 120,000 Operating expenses 46,000 --------- Income from operations 74,000 Interest expense 4,000 --------- Income before income taxes 70,000 Income tax expense 21,000 --------- Net income € 49,000 The following additional data were provided: a. Dividends declared and paid were €41,000. b. During the year, equipment was sold for €15,000 cash. This equipment cost €28,000 originally and had a book value of €15,000 at the time of sale. c. All depreciation expense is in the operating expenses. d. All sales and purchases are on account. e. Accounts payable pertain to merchandise suppliers. f. All operating expenses except for depreciation were paid in cash. --

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