對外經濟貿易大學2002年攻讀入學考《會計學專業》試題GiveabriefexplanationforthefollowingtermsABalanceAStatementofCash e的融資方式及其非經營性收入和費用的數額。凈損失的公司提供給其股東的是ChangeinaccountingPrinciple—Resultsfromadoptionofagenerallyacceptedaccountingprincipledifferentfromagenerallyacceptedaccountingprinciplepreviouslyusedforreportingpurposes.Acharacteristicofachangeinaccountingprincipleisthatthechangeisfromonegenerallyacceptedthathasbeenusedpreviouslytoanotherthatisalsogenerallyacceptedaccountingprinciple.UnusualNature—Theunderlyingeventortransactionshouldpossessahighdegreeofabnormalityandbeofatypeclearlyunrelatedto,oronlyincidentallyrelatedto,theordinaryandtypicalactivitiesoftheentity,takingintoaccounttheenvironmentinwhichtheentityPleasereadthefollowingpassagecarefullyandrillineachofthe12blanksawordmostappropriatetothecontent(11%)Therecordusedtokeep()oftheincreasesanddecreases()asinglebalancesheetitemistermeda()account,ofsimplyaccount.Theentiregroupofaccountiskept()inanaccountingrecordcalleda().The()isachronologicalrecordofbusinesstransactions.Theinformationrecordedabouteachtransactionincludesthe()ofthetransaction,the()and()changesinspecificledgeraccounts,andbrief()ofthetransaction.Atconvenientintervals,thedebitandcreditamountsrecordedinthe()are()totheaccountintheledger.Multiple-choicequestion(choosethebestforyouranswer)TheCPAfirmauditingXYCompanyfoundthatretainedearningwasoverstatedandliabilitieswereunderstated.Whichofthefollowingerrorscouldhavebeenthecause?MakingtheadjustmententryfordepreciationexpensesFailuretorecordinterestaccruedonanotec.Failuretomaketheadjustingentrytorecordrevenue,whichhadbeenearnedbutnotyetbilledtoclients;D.FailuretorecordtheearnedportionoffeesreceivedinTheamortizationofapremiumonbondsIncreasesinterestIncreasesperiodiccashpaymentstoDecreasesperiodiccashpaymentsto ealiabilityofaOnthedateofOnthedateboardofdirectorsdeclarestheOnthedatethatthepaymentistoWhencumulativepreferredstockdividendsareinNoneoftheACompanyhadsalesinbothyear2000and2001of$200000.Costofsalesforyear2000was$140000.Incomputingthecostofsalesforyear2000,anitemofinventorypurchasedin2000for$50wasincorrectlywrittendowntocurrentreplacementcostof$35.Theitemiscurrentlysellinginyear2001for$100,itsnormalsellingprice.Asaresultofthiserror;efor2000isCostofsalesfor2001willbeefor2001willbeNoneofShownbelowaresomekeyfiguresfromthebalancesheetsofABCCompanyattheendofyear1andyear2: $CurrentBondspayable(long-Commonstock,$10Retained stockholder’s$$Dividendsof$62500weredeclaredandpaidinyearRefertotheabovedata,theearningspershareofABCCompanyforyear2NoneofWCompanycomputedthefollowingitemsfromitsfinancialrecordsforyear2001;Price-earningratio Pay-out Assetsturnover Thedividendyield pany’scommonstockforyear2001is; Thetimesinterestearnedratioiscomputedby ebeforeinterest etaxesbyannualinterest ebyannualinterestCarryingvalueofbondsbycashinterestEarningspersharebytheprimerateofWhichoneofthefollowingitemswouldlikelyincreaseearningspershare(EPS)ofaDeclarationofastockDeclarationofastockAreductionintheamountofcashdividendsNoneofConservatism,asthetermisusedinaccounting, Resolvingdoubtinamannerthatproducesthelowernet eforthecurrentperiodand/orthefavorablefinancialposition;DisclosingpossiblelossesinnotestothefinancialDelayingtherecognitionofrevenueuntilcashhasbeencollectedfromtheNoneoftheIfaretailstorehasacurrentratioof2.5to1andcurrentassetsof$75000,theamountofworkingcapitalis;A. B. C. D.E.SomeotherNotepayableissueandpaymentamortization.OnNovember30,year1,XYCompanysigneda5-yearinstallmentnoteintheamount$50000inconjunctionwiththepurchaseofequipment.ThisnoteispayableinequalmonthlypaymentismadeonDecember31,year1.Thisnoteisfullyamortizingover60months.Completetheamortizationtableforthefirstthreepaymentsbyenteringthecorrectdollaramountsintheblankspacesprovidedbelow:Payment Unpaid---Dec.31,year$$$Jan.31,year$$$Feb.28,year$$$Overthe5-yearlifeofthenote,theamountXYcompanywillpayforinterestamountsto$, pleaseshowyourcomputation.ThecontrollerforABCCo.AsksyoutoreviewtheRepairandMaintenanceExpensesaccounttodetermineifallofthechargesareappropriate.Theaccountcontainsmanytransactionstotaling$315540.Allofthetransactionsareconsideredmaterial.Youexaminethreeofthetransactions.Indicatewhethereachtransactionisproperlychargedtotherepairandmaintenanceaccountand,ifnot,indicatewhynotandtowhichaccountthetransactionshouldbecharged.Thethreetransactionsasfellows;12Sealingroofleaksoverentireproduction3PurchaseacranefortheassemblydepartmentspeedupStatementofCashFlowsThefinancialstatementsoftheZYCompanyprovidethefollowinginformationforthecurrentyear;EndofBeginningofAccountAccountpayable(forAccruedoperatingexpenses etaxesNetCostofgoodOperatingexpenses(includingdepreciationetaxesUsingthisinformation,computethefollowingforthecurrentCashreceivedfromcustomers Cashpaymentsforpurchasesofmerchandise .etaxespaid 答案部對外經濟貿易大學2002年攻讀入學考《會計學專業》試題Giveabriefexplanationforthefollowingterms答案:Abalancesheetisafinancialstatementthatshowsthefinancialpositionofanentitybysummarizingitsassets,liabilitiesandowners’equityataspecificdate.答案:Thestatementofcashflowsreportstheentity’scashflows―cashreceiptsandpaymentsduringtheperiod.Inotherwords,itshowswherecashcamefromandwhereitwasspent.Itexplainsthecausesofthechangesincashbalance.Thestatementdescribesthenatureofthecompany’scashflows,andclassifiesthesecashflowsasoperatingactivities,investingactivities,orfinancingactivities.Allofthecashflowsthenarecombinedtoshowtheoverallchangesinthebalanceofthecashaccountduringtheperiod. e estatementisafinancialstatementsummarizingtheresultsofoperationsofabusinessbymatchingitsrevenueandrelatedexpensesforaparticularaccountingperiod.Itshowsthecompany’sprofitabilityoverarecentperiodoftime.答案:Anaccountingentityisanorganizationorsectionofanorganizationthatstandsapartasaseparateeconomicunit.Fromanaccounting,sharpboundariesaredrawnaroundeachentitysoasnottoconfuseitsaffairswiththoseofothers.Itcontrolsresources,incursobligationsandengagesinbusinessactivities.答案:Assetsareeconomicresourcesownedbyabusinessandexpectedtobenefitfutureoperations.Cash,offices,merchandise,furniture,land,andbuildingsareexamplesof譯文:Everybusinesstransactions,nomatterhowsimpleorhowcomplex,canbeexpressedintermsofitseffectontheaccountingequation.Anyincreaseintheamountoftotalassetsis paniedbyanequalincreaseontheothersideoftheequation,thatis,byanincreaseineithertheliabilitiesortheowners’equity.Anydecreaseintotalassetsisnecessarily byacorrespondingdecreaseinliabilitiesorowners’equity.股東權益的率可能高于或（可能）低于總資產率，這依賴于公司資產的融資方式及其非經營性收入和費用的數額凈損失的公司提供給其股東的是負的股東權益譯文:Rateofreturnonstockholders’equitymaybemorethanorlessthanrateofreturnontotalassets,itdependsonthewayofassetsfinancing,andtheamountofnon-sales esandexpenses.Companysuffersnetlossesprovidenegativerateofreturnonstockholders’equitytoitsChangeinaccountingPrinciple—Resultsfromadoptionofagenerallyacceptedaccountingprincipledifferentfromagenerallyacceptedaccountingprinciplepreviouslyusedforreportingpurposes.Acharacteristicofachangeinaccountingprincipleisthatthechangeisfromonegenerallyacceptedthathasbeenusedpreviouslytoanotherthatisalsogenerallyacceptedaccountingprinciple.UnusualNature—Theunderlyingeventortransactionshouldpossessahighdegreeabnormalityandbeofatypeclearlyunrelatedto,oronlyincidentallyrelatedto,theordinaryandtypicalactivitiesoftheentity,takingintoaccounttheenvironmentinwhichtheentityoperates.譯文:異常特 從實體運作的環境來看，基礎事件或交易出現嚴重的異常情況，Pleasereadthefollowingpassagecarefullyandrillineachofthe12blanksawordmostappropriatetothecontent(11%)Therecordusedtokeep()oftheincreasesanddecreases()asinglebalancesheetitemistermeda()account,ofsimplyaccount.Theentiregroupofaccountiskept()inanaccountingrecordcalleda().The()isachronologicalrecordofbusinesstransactions.Theinformationrecordedabouteachtransactionincludesthe()ofthetransaction,the()and()changesinspecificledgeraccounts,andbrief()ofthetransaction.Atconvenientintervals,thedebitandcreditamountsrecordedinthe()are()totheaccountintheledger.答案(1track)(in)(ledger)(together)((2)(journal)(date)(debit)(credit)(explanation)(journal)Multiple-choicequestion(choosethebestforyouranswer)TheCPAfirmauditingXYCompanyfoundthatretainedearningwasoverstatedandliabilitieswereunderstated.Whichofthefollowingerrorscouldhavebeenthecause?MakingtheadjustmententryfordepreciationexpensesFailuretorecordinterestaccruedonanotec.Failuretomaketheadjustingentrytorecordrevenue,whichhadbeenearnedbutnotyetbilledtoclients;D.FailuretorecordtheearnedportionoffeesreceivedinTheamortizationofapremiumonbondsIncreasesinterestIncreasesperiodiccashpaymentstoDecreasesperiodiccashpaymentsto ealiabilityofaOnthedateofOnthedateboardofdirectorsdeclarestheOnthedatethatthepaymentistoWhencumulativepreferredstockdividendsareinNoneoftheACompanyhadsalesinbothyear2000and2001of$200000.Costofsalesforyear2000was$140000.Incomputingthecostofsalesforyear2000,anitemofinventorypurchasedin2000for$50wasincorrectlywrittendowntocurrentreplacementcostof$35.Theitemiscurrentlysellinginyear2001for$100,itsnormalsellingprice.Asaresultofthiserror;efor2000isCostofsalesfor2001willbeefor2001willbeNoneofShownbelowaresomekeyfiguresfromthebalancesheetsofABCCompanyattheendofyear1andyear2: $CurrentBondspayable(long-Commonstock,$10Retained $$Dividendsof$62500weredeclaredandpaidinyearRefertotheabovedata,theearningspershareofABCCompanyforyear2NoneofWCompanycomputedthefollowingitemsfromitsfinancialrecordsforyear2001;Price-earningratio Pay-out Assetsturnover Thedividendyield pany’scommonstockforyear2001is; Thetimesinterestearnedratioiscomputedby ebeforeinterest etaxesbyannualinterest ebyannualinterestCarryingvalueofbondsbycashinterestEarningspersharebytheprimerateofWhichoneofthefollowingitemswouldlikelyincreaseearningspershare(EPS)ofaDeclarationofastockDeclarationofastockAreductionintheamountofcashdividendsNoneofConservatism,asthetermisusedinaccounting, Resolvingdoubtinamannerthatproducesthelowernet eforthecurrentperiodand/orthefavorablefinancialposition;DisclosingpossiblelossesinnotestothefinancialDelayingtherecognitionofrevenueuntilcashhasbeencollectedfromtheNoneoftheIfaretailstorehasacurrentratioof2.5to1andcurrentassetsof$75000,theamountofworkingcapitalis;A. B. C. D.E.Someother答案: (6)A(7)A Notepayableissueandpaymentamortization.OnNovember30,year1,XYCompanysigneda5-yearinstallmentnoteintheamount$50000inconjunctionwiththepurchaseofequipment.ThisnoteispayableinequalmonthlypaymentismadeonDecember31,year1.Thisnoteisfullyamortizingover60months.Completetheamortizationtableforthefirstthreepaymentsbyenteringthecorrectdollaramountsintheblankspacesprovidedbelow:Payment Unpaid---Dec.31,year$$$Jan.31,year$$$Feb.28,year$$$Overthe5-yearlifeofthenote,theamountXYcompanywillpayforinterestamounts pleaseshowyour答案Payment Unpaid---Dec.31,yearJan.31,yearFeb.28,year(2)ThecontrollerforABCCo.AsksyoutoreviewtheRepairandMaintenanceExpensesaccounttodetermineifallofthechargesareappropria