東吳大學 100 學年度轉學生（含進修學士班轉學生）招生考試試題
第 1 頁，共 7 頁
系
級
商學(進修學士班)二年級
考試
時間
100 分鐘
科
目
會計學
本科
總分
100 分
注意事項
1. 除選擇題外，其餘各題請以英文作答。
2. 計算題請詳列計算過程，否則不予給分。如有無法整除之情形者，請依各題目之要求四捨五入計
算至整數位或小數點後第二位。
3. 一律作答於所附之「招生考試答案卷」上。若於試題卷上作答者，將不予計分。
I. Multiple Choices (20%) [請於答案卷上，繪製下列表格並依序填入所選之答案]
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1.
Hardy Inc. has an investment in available-for-sale securities of $80,000. This investment experienced
an unrealized loss of $5,000 during the current year. Assuming a 35% tax rate, the effect of this loss on
comprehensive income will be
a. $3,250 decrease. b. $80,000 increase. c. $28,000 decrease. d. $5,000 decrease.
2.
Roberson Corporation was organized on January 1, 2010, with authorized capital of 750,000 ordinary
shares of $10 par value. During 2010, Roberson issued 30,000 shares at $12 per share, purchased
3,000 shares of treasury stock at $13 per share, and sold 2,000 shares of treasury stock at $12 per
share. What is the amount of total share premium at December 31, 2010?
a. $0
b. $3,000
c. $60,000
d. $63,000
3.
Anders, Inc., has 5,000 shares of 6%, $100 par value, cumulative preference shares and 20,000
ordinary shares of $1 par value outstanding at December 31, 2010. There were no dividends declared
in 2008. The board of directors declares and pays a $50,000 dividend in 2009 and 2010, respectively.
What is the amount of dividends received by the stockholders of ordinary shares in 2010?
a. $10,000
b. $30,000
c.
$50,000
d. $0
4.
In 2011, the Dugan Co. had net credit sales of $375,000. On January 1, 2011, Allowance for
Doubtful Accounts had a credit balance of $8,000. During 2011, $15,000 of uncollectible accounts
receivable were written off. Past experience indicates that the allowance should be 10% of the
balance in receivables (percentage of receivable basis). If the accounts receivable balance at
December 31 was $100,000, what is the required adjustment to the Allowance for Doubtful Accounts
at December 31, 2011?
a. $10,000
b. $17,000
c.
$18,000
d. $15,000
5.
Nance Company owns 30% interest in the shares of Finley Corporation. During the year, Finley pays
$25,000 in dividends, and reports $100,000 in net income. Nance Company’s investment in Finley
will increase by
a. $25,000.
b. $30,000.
c.
$24,000.
d.
$22,500.
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東吳大學 100 學年度轉學生（含進修學士班轉學生）招生考試試題
第 2 頁，共 7 頁
系
級
商學(進修學士班)二年級
考試
時間
100 分鐘
科
目
會計學
本科
總分
100 分
（承上頁）
6.
Quigley Company’s records indicate the following information for the year:
Merchandise inventory, 1/1
Purchases
Net Sales
₤
550,000
2,250,000
3,000,000
On December 31, a physical inventory determined that ending inventory of ₤600,000 was in the
warehouse. Quigley’s gross profit on sales has remained constant at 30%. Quigley suspects some
of the inventory may have been taken by some new employees. At December 31, what is the
estimated cost of missing inventory?
a. ₤100,000
b. ₤200,000
c.
₤300,000
d.
₤700,000
7.
Neiderhoff Inc. uses the retail inventory method to value its merchandise inventory. The following
information is available for 2011:
Cost
$ 101,000
941,000
3, 000
－
Inventory, 1/1/2011
Purchases
Freight-in
Sales
Retail
$ 303,000
2,832,000
－
2,935,000
What is Neiderhoff’s estimated ending inventory?
a. $33,990
8.
b.
$66,000
c.
$134,000
d.
$200,000
At December 31, the shareholders’ equity included:
Share capital–ordinary, $5 par value; 1,100,000 shares issued
and 1,000,000 shares outstanding
Share premium–ordinary
Retained earnings
Treasury shares (100,000 shares)
Total equity
$5,500,000
1,400,000
1,500,000
(700,000)
$7,700,000
The book value per ordinary share is:
a. $7.00
9.
b. $7.70
c.
$8.40
d.
$7.20
Gowns, Inc. uses the percentage of sales basis to estimate its bad debts. For the year ended
December 31, 2011, Gowns’ total sales are €900,000. Management of the company estimates that
1% of credit sales will become uncollectible. The existing balance in the Allowances for Doubtful
Accounts is a debit balance of €1,050. The Accounts Receivable balance at December 31, 2011 is
€79,200. The cash realizable value of Accounts Receivable reported on the statement of financial
position at December 31, 2011 is
a. €70,200.
b. €71,250.
c.
€69,150.
d.
€87,150.
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東吳大學 100 學年度轉學生（含進修學士班轉學生）招生考試試題
第 3 頁，共 7 頁
系
級
商學(進修學士班)二年級
考試
時間
100 分鐘
科
目
會計學
本科
總分
100 分
（承上頁）
10. Tolan Co. purchased 60, 6% Irick Company bonds for $60,000 cash plus brokerage fees of $600.
Interest is payable semiannually on July 1 and January 1. If 30 of the securities are sold on July 1 for
$32,000 less $300 brokerage fees, the entry would include a credit to Gain on Sale of Debt Investments
for
a. $2,000.
b. $1,700.
c. $2,300.
d. $1,400.
II. Comprehensive Problems
1. (6%)
Haverman Company maintains a checking account at the Commerce Bank. At July 31, selected data from
the ledger balance and the bank statement are shown below.
Balance, July 1
July receipts
July credits
July disbursements
July debits
Balance, July 31
Cash in Bank
Per Books Per Bank
$ 17,600
$ 16,800
81,400
82,470
77,150
74,756
$21,850
$24,514
Analysis of the bank data reveals that the credits consist of $79,000 of July deposits and a credit
memorandum of $3,470 for the collection of a $3,400 note plus interest revenue of $70. The July debits
per bank consist of checks cleared $74,700 and a debit memorandum of $56 for printing additional
company checks.
You also discover the following errors involving July checks: (1) A check for $230 to a creditor on
account that cleared the bank in July was journalized and posted as $320. (2) A salary check to an employee
for $255 was recorded by the bank for $155.
The June 30 bank reconciliation contained only two reconciling items: deposits in transit $7,000 and
outstanding checks of $6,200.
Instructions
(a) Please compute the deposits in transit at July 31, 2011?
(b) Please compute the outstanding checks at July 31, 2011?
2. (4%)
Apple developed a new manufacturing process, incurring research costs of $80,000 and development cost
prior to technological feasibility of $50,000. The company also purchased a patent for $70,000. In early
January, 2011, Apple capitalized $200,000 as the cost of the patents. Patent amortization expense of
$10,000 was recorded based on a 20-year useful life.
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東吳大學 100 學年度轉學生（含進修學士班轉學生）招生考試試題
第 4 頁，共 7 頁
系
級
商學(進修學士班)二年級
考試
時間
100 分鐘
科
目
會計學
本科
總分
100 分
（承上頁）
Instructions
Assume that Apple Company finds this improperly accounting treatment on December 31, 2013. Prepare
the correcting entries necessary during 2013. (Assume that the books have not yet been closed for 2013).
3. (18%)
On January 1, 2008, Pele Company purchased a machine for use in its production process. The recorded
cost of this machine was $100,000. Pele estimates that the useful life of the machine is 10 years with a
$10,000 salvage value remaining at the end of that time period.
Instructions [相關金額請計算至整數位]
(a) Calculate the amount of depreciation expense that Pele should record during 2008 and 2009 for this
machine each year of its useful life if Pele uses: (1) straight-line method of depreciation, (2)
declining-balance method, and (3) the sum-of-years’ digits method. (9%)
(b) Follow (a), on January 1, 2010, Pele pays $15,000 to improve this machine. In doing so, the operating
efficiency and productive capacity of this machine are increased. After re-estimating, the machine has
a total useful life of 12 years (measured from 2008/1/1) and its salvage value decreases to $8,000.
Please calculate the depreciation expense that Pele should record during 2010 and 2011. Assume that
Pele uses straight-line method of depreciation. (4%)
(c) Follow (b), on April 1, 2012, Pele trades this machine for a new machine. In addition to exchanging
the old machine (which had a fair market value of $80,000), Pele also paid cash of $25,000. Please
prepare the related entry. (5%)
4. (18%)
On January 1, 2009, Oral issued $500,000, 10% bonds. Interest is payable semi-annually on January 1
and July 1, and the bonds mature on January 1, 2014. (Assume the market interest rate is 8%, and the
issuing price of bonds is approximately 108.11% of face value.)
Instructions [相關金額請計算至整數位]
(a) Prepare the journal entry to record the issuance of the bonds.
(b) Please compute the “total cost of borrowing” about the issuance of the bonds.
(c) Prepare journal entries to record payment of interest during 2009. (Assume that Oral uses (1)
straight-line method and (2) effective-interest method to amortize the discount/premium of bonds,
respectively).
(d) On July. 1, 2011 (after paying interest), Oral calls bonds having a face value of $200,000. The call
price is 102. Please record the redemption of the bonds. (Assume that Oral uses Straight-line method).
(e) Follow (d), prepare the adjusting entry at December 31, 2011, to amortize bond discount/premium (just
uses the Straight-line method) and to accrue interest on the remaining bonds.
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東吳大學 100 學年度轉學生（含進修學士班轉學生）招生考試試題
第 5 頁，共 7 頁
系
級
商學(進修學士班)二年級
考試
時間
100 分鐘
科
目
會計學
本科
總分
100 分
（承上頁）
5. (22%)
The following ratios have been computed for Morgan Company for 2011.
Profit margin
20%
Times interest earned
9 times
Receivables turnover
3 times
Acid-test ratio
2:1
Current ratio
3:1
All operating expenses except for depreciation are $20,000, and administrative expenses are 150%
of selling expenses.
Morgan Company’s 2011 financial statements with missing information follow:
MORGAN COMPANY
Comparative Statements of Financial Position
December 31
Assets
2011
Property, plant, and equipment (net)
$ 200,000

Inventory

Accounts receivable (net)
Short-term investments
10,000
Cash
30,000
Total assets
$
?
2010
$ 160,000
50,000
40,000
25,000
45,000
$320,000
Equity and liabilities
Share capital – ordinary ($10 par)
Retained earnings
Bonds payable
Accounts payable
Short-term notes payable
Total equity and liabilities
$ 200,000
35,000
20,000
30,000
35,000
$320,000
$ 220,000
60,000


40,000
$
?
MORGAN COMPANY
Income Statement
For the Year Ended December 31, 2011
Net sales
Cost of goods sold
Gross profit
Operating expenses
Depreciation expense
Selling expenses
Administrative expenses
Income from operations
Interest expense
Income before income taxes
Income tax expense
Net income
$ 150,000
75,000
75,000
$



$
$
?

5,000


?
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東吳大學 100 學年度轉學生（含進修學士班轉學生）招生考試試題
第 6 頁，共 7 頁
系
級
商學(進修學士班)二年級
考試
時間
100 分鐘
科
目
會計學
本科
總分
100 分
（承上頁）
Instructions
(a) Use the above ratios and information from the Morgan Company financial statements to fill in the
missing information (～) on the financial statements. Show computations that support your
answers.
(b) Follow (a)
Additional Information
(1) The market price of Morgan Company was $14 per share in 2011.
(2) Morgan did not declare any share dividends during 2011.
(3) Morgan issued 2,000 ordinary shares at par value on April 1, 2011.
Please use the financial statements you finished in (a) and additional information above to compute the
following ratios for 2011. [若未能整除者，請計算至小數點後第二位，並列示詳細之計算式]
(1) Return on assets.
(2) Days in inventory.
(3) Payout ratio.
(4) Earnings per share.
(5) Price-earnings.
(c) Follow (a), prepare the cash flows from operating activities section for 2011 using the “indirect
method”. (Morgan classified short-term investments as Fair value through profit or loss (FVPL) securities).
6. (12%)
Condensed financial data of Popler Company appear below:
POPLER COMPANY
Comparative Statement of Financial Position
December 31
2011
Assets
Plant assets
325,000
Less: Accumulated depreciation
(65,000)
Investments
100,000
Prepaid expenses
19,000
Inventories
120,000
Accounts receivable
75,000
Cash
61,000
Total
$635,000
2010
250,000
(60,000)
75,000
25,000
132,000
53,000
35,000
$510,000
Equity and Liabilities
Share capital-ordinary
Retained earnings
Bonds payable
Accounts payable
Accrued expenses payable
Total
275,000
118,000
120,000
93,000
29,000
$635,000
170,000
81,000
160,000
75,000
24,000
$510,000
東吳大學 100 學年度轉學生（含進修學士班轉學生）招生考試試題
第 7 頁，共 7 頁
系
級
商學(進修學士班)二年級
考試
時間
100 分鐘
科
目
會計學
本科
總分
100 分
（承上頁）
POPLER COMPANY
Income Statement
For the Year Ended December 31, 2011
Sales
Less:
Cost of goods sold
Operating expenses (excluding depreciation)
Depreciation expense
Loss on sale of plant assets
Interest expense
Income taxes
Net income
$470,000
$300,000
60,000
17,000
3,000
18,000
20,000
$
418,000
52,000
Additional information:
1. New plant assets costing $100,000 were purchased for cash in 2011.
2. Old plant assets costing $25,000 were sold for $10,000 cash when book value was $13,000.
3. Bonds with a face value of $40,000 were converted into $40,000 of ordinary shares.
4. A cash dividend was declared and paid during the year.
5. Accounts payable pertain to merchandise purchases.
Instructions
Please compute the following items:
(a) Cash receipts from customers. (2%)
(b) Cash payments to suppliers. (3%)
(c) Cash payment for operating expense. (3%)
(d) Free cash flow. (4%)