103年 - 103 淡江大學轉學考會計學(一)#55904

科目：轉學考-會計學 | 年份：103年 | 選擇題數：5 | 申論題數：13

試卷資訊

所屬科目：轉學考-會計學

選擇題 (5)

1. Trans Company debited Prepaid Insurance for $1，320 on July 1，2014，for a one-year fire insurance policy. If the company prepares monthly financial statements, failure to make an adjusting entry on July 31 for the amount of insurance that has expired would cause: (A) assets to be overstated by $1, 320 and expenses to be understated by $1，320. (B) expenses to be overstated by $110 and assets to be understated by $110. (C) assets to be overstated by $110 and expenses to be understated by $110. (D) expenses to be overstated by $1，320 and assets to be understated by $1，320.

2. At March 31, Johnson Company has the following bank information: cash balance per bank $3,150; outstanding checks $185; deposits in transit $360; credit memo for interest $25; bank service charge $30. What is Johnson’ s adjusted cash balance on March 31? (A) $3,350. (B) $3, 335. (C) $2,990. (D) $3,325.

3.On January 1,2014, Howard Company, a calendar-year company, issued $800，000 of notes payable, of which $200,000 is due on January 1 for each of the next four years. The proper statement of financial position presentation on December 31’ 2014’ is (A) Current Liabilities, $800,000. (B) Long-term Debt, $800，000. (C) Current Liabilities, $400,000; Long-term Debt, $400,000. (D) Current Liabilities, $200,000; Long-term Debt, $600，000.

4. Equipment was purchased for $45，000. Freight charges amounted to $2，500 and there 500 for building a foundation and installing the equipment. It is estimated that the equipment will have a $5，000 salvage value at the end of its 4-year useful life. Depreciation expense each year using the straight-line method will be: (A) $12,750. (B) $13,375. (C) $14，000. (D) $11,875.

5. John Company reported the following on its income statement:

An analysis of the income statement revealed that interest expense was $100, 000. John Company’s times interest earned was (A) 5 times, (B) 4 times, (C) 3.5 times, (D) 3 times.

申論題 (13)

(1) Net income is $132,000， accounts payable increased $10,000 during the year, inventory decreased $6，000 during the year, and accounts receivable increased $12，000 during the year. Under the indirect method, what is net cash provided by operating activities?

【已刪除】(2) The following data are available for Cole Company.

What is net cash provided by financing activities?

(3) The following data are available for Duke Corporation. Sale of land $450,000 Sale of equipment 150,000 Issuance of ordinary shares 210，000 Purchase of equipment 120，000 Payment of cash dividends 180，000 What is net cash provided by investing activities?

(1) average cost

(2) FIFO

(1) Cost of goods sold for 2014.

(2) Net sales (credit), for 2014.

(3) Net income for 2014.

(4) Total assets at December 31， 2014.

(1) depreciable cost of the equipment and

(2) revised annual depreciation. (20%)

【已刪除】 (1) Partners Cantor and Dickens have capital balances in a partnership of $160，000 and $240，000，respectively. They agree to share profits and losses as follows:

If income for the year was $200,000， what will be the distribution of income to Dickens ?

(2) Robin Company acquires a piece of land on which it intends to build a factory to produce its primary product. The land is listed for sale at $460, 000, but Robin Company’s real estate broker is able to negotiate a sales price of $420，000. The land contains an old office building that is razed at a cost of $25，000 ($29，000 in costs less $4，000 proceeds from salvaged materials). Robin Company pays a commission to the real estate broker of $23，000 and an attorney’s fee of $6，000. On its statement of financial position at December 31， 2014， what amount will Robin Company record as the cost of the land?