10/13第一次小考 1. b 2. a 3. a 4. d 5. Sales 350,000 Sales Discounts 8,000 Income Summary 342,000 Income Summary 301,000 Cost of Goods Sold 208,000 Insurance Expense 12,000 Rent Expense 20,000 Salary Expense 61,000 Income Summary 41,000 Retained Earnings 41,000 6. a. Interest Receivable 675 Interest Revenue 675 b. Rent Revenue 5,250 Unearned Revenue 5,250 7. a. Bad Debt Expense 40,000 Allowance for Doubtful Accounts 40,000 b. 送分 c. Income Summary 140,000 Retained Earnings 140,000 8. (1) F (2) G (3) J (4) A (5) C (6) I 第二次小考解答10/20 1. 1. b 5. g 9. a 2. i 6. j 10. g 3. k 7. l 11. d 4. f 8. a 12. f 2. Wasson Corporation Partial Income Statement For the Year Ended December 31, 2004 ----------------------------------------------------------------------------- Income from continuing operations $607,000* Discontinued operations Loss on disposal of a component of a business, $120,000, less applicable income taxes, $36,000 (84,000) Income before cumulative effect of accounting change 523,000 Cumulative effect of change in accounting principle, less applicable income taxes of $60,000 (140,000) Net income $383,000 Per share of common stock—Income from cont. operations $6.07 Discontinued operations, net of tax (.84) Income before cumulative effect of accounting change 5.23 Change in accounting principle, net of tax (1.40) Net income $3.83 *Income from cont. operations (unadjusted) $600,000 Gain on sale of machinery (after tax) 35,000 Current effect of change in accounting principle (net) (28,000) Income from cont. operations (adjusted) $607,000 3. Computation of net income Change in assets:$79,000 + $45,000 + $127,000–$47,000 = $204,000 Increase Change in liabilities: $ 82,000 – $51,000 = 31,000 Increase Change in stockholders’equity: $173,000 Increase Change in stockholders’ equity accounted for as follows: Net increase $173,000 Increase in common stock $125,000 Increase in additional paid-in capital 13,000 Decrease in retained earnings due to dividend declaration (19,000) Increase in retained earnings due to net income $ 54,000 4. 1. c 4. d 7. a 10. b 2. c 5. d 8. c 11. c 3. a 6. b 9. a 12. b ※ 編輯: immunee 來自: 140.112.112.98 (10/20 14:03)