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選擇題：(單選) (每題 3分，共計15分) |
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1.
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On April 1, 2002, Norman Company factored receivables with
a carrying amount of $100,000 to Dell Company. Dell Company assesses a
finance charge of 3% of the receivables and retains 10% of the receivables.
Relative to this transaction, you are to determine the amount of loss
on sale to be reported in the income statement of Norman Company for April.
Assume that Norman factors the receivables on a recourse basis. The recourse
obligation has a fair value of $2,000. The loss to be reported is |
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(A) $3,000 (B) $5,000 (C) $10,000 (D) $150,000 (E)
other than the above. |
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2.
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Freeman Inc. charges an initial franchise fee of $135,000,
with $27,000 paid when the agreement is signed and the balance in five
annual payments. The present value of the future payments, discounted
at 9%, is $87,473. The franchisee has the option to purchase $30,000 of
equipment for $24,000. Freeman has substantially provided all initial
services required and collectibility of the payments is reasonably assured.
The amount of revenue from franchise fees is |
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(A) $27,000 (B) $108,473 (C) $114,473 (D) $135,000 (E)
other than the above. |
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3.
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On January 1, 2000, Belly Company changed from FIFO to LIFO
for income tax and external reporting purpose. At that date, the beginning
FIFO inventory (the base inventory for LIFO purposes) was $280,000. The
following information is available from Belly's records for the years
2000 through 2003: |
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Ending Inventory on a FIFO Basis
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$330,000
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$348,000
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$403,000
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$400,000
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LIFO Conversion Index
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1.10
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1.20
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1.30
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1.25
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The ending inventory on a dollar-value LIFO basis for each
year, 2000 through 2003, are |
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(A)
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$302,000
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$292,000
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$319,000
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$330,000
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(B)
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$300,000
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$290,000
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$310,000
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$320,000
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(C)
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$302,000
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$291,000
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$317,000
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$329,500
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(D)
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$302,000
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$290,000
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$316,000
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$328,500
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| (E) |
Other than the above. |
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4.
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A company made a retroactive accounting change in 2002.
Only the net income of 2001 and 2002 were affected. Therefore, the comparative
retained earnings statements featuring both years disclose which of the
following? |
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| (A) |
A cumulative effect adjusting the January 1, 2002, retained earnings
balance. |
| (B) |
A cumulative effect adjusting the January 1, 2001, retained earnings
balance. |
| (C) |
A cumulative effect adjusting the January 1, 2001, and 2002 retained
earnings balance. |
| (D) |
No cumulative effect. |
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5.
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Interperiod tax allocation results in a deferred tax liability
from |
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| (A) |
an income item fully recognized for tax and financial purposes
in any one year. |
| (B) |
an income item partially recognized for financial purposes but
fully recognized for tax purposes in any one year. |
| (C) |
the amount of deferred tax consequences attributed to temporary
differences that result in net deductible amounts in future years. |
| (D) |
the amount of deferred tax consequences attributed to temporary
differences that result in net taxable amounts in future years. |
| (E) |
none of the above. |
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| 二、 |
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(15分) |
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Stone Co. purchased a put option on Miller common shares
on January 9, 2002, for $1,800. The put option is for 2,000 shares, and
the strike price is $51. The option expires on July 31, 2002. The following
data are available with respect to the put option: |
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Market Price of Miller Shares
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Time Value on Put Option
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March 31, 2002
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$48 per share
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$1,000
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June 30, 2002
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52 per share
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450
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July 10, 2002
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46 per share
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125
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Required: |
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Prepare the journal entries for Stone Co. for the following
dates: |
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| (1) |
January 9, 2002-Investment in put option on Miller shares. |
| (2) |
March 31, 2002-Stone prepares financial statements. |
| (3) |
June 30, 2002-Stone prepares financial statements. |
| (4) |
July 10, 2002-Stone settles the put option on the Miller shares. |
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| 三、 |
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(15分) |
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力行公司積欠中北公司利率10% 之應付票據 $5,000,000，票據到期日為92年12月31日，今因力行公司財務困難，於90年12月31日進行債務整理，並至整理日止亦積欠一年利息未付。經雙方協商，中北公司同意力行公司發行每股面值$10之普通股
200,000 股抵付部份債務本息，該日力行公司普通股之公平市價為每股$16，並付發行成本 $100,000；另部份之債務餘額，中北公司同意票據到期日延至
95年12月31日，利率降為8%，免除積欠利息，票據面額更換為$1,500,000，每年底付息一次。 |
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試作： |
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| 1. |
依我國財務會計準則公報，分別作債務人及債權人於整理日之債權債務整理分錄、及91年底之收付息分錄。 |
| 2. |
依美國 SFAS No.114，作債權人於整理日之債權整理分錄、及 91年底之收息分錄。 |
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| 四、 |
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(30分) |
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自強公司確定給付退休辦法行之有年，並依我國第十八號財務會計準則公報作退休金之會計處理，根據精算師於92年初提出之精算報告，得出91年度退休金之相關資料如下： |
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折現率--10 %
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基金資產之預期投資報酬率--9%
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員工平均剩餘服務年限-10年
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90/12/31
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91/12/31
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實際數
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實際數
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| 既得給付義務 |
$(4,800,000)
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$ (6,000,000)
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| 累積給付義務 |
(12,700,000)
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(14,600,000)
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| 預計給付義務 |
(16,000,000)
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(18,000,000)
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| 基金資產公平價值 |
12,000,000
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13,340,000
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| 未認列過渡性淨給付義務 |
2,740,000
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2,466,000
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| 未認列前期服務成本 |
3,660,000
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3,050,000
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| 未認列退休金利益 |
(2,850,000)
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？
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91年度
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| 服務成本 |
$1,300,000
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| 未認列過渡性淨給付義務攤銷數 |
274,000
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| 未認列前期服務成本攤銷數 |
610,000
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| 提撥基金 |
2,000,000
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| 支付退休金 |
1,500,000
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| (提撥基金與支付退休金均假設於期末發生) |
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試作： |
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| (1) |
計算並列示自強公司90年12月31日資產負債表上有關：應計退休金負債(或預付退休金)、遞延退休金成本、及未認列為退休金成本之淨損失的餘額。 |
| (2) |
列式計算自強公司91年度淨退休金成本中應認列之退休金利益攤銷額。 |
| (3) |
自強公司91年度有關退休金之分錄。(請列式計算該年度應認列之淨退休金成本) |
| (4) |
若自強公司於91年底另以退休基金資產購買足額年金合約以清償全部既得給付義務。(設清償前的資料同上)。請列式計算自強公司之清償損益，並作91年度有關退休金之分錄。 |
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| 五、 |
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(10分) |
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莊敬公司於91年中發行新股，其原股東有新股認購權利-每4股可認購1股，認購價格為每股$18，新股認購基準日為91年4月1日。該新股認購權利行使前，普通股公平價值為每股
$33，流通在外普通股數為 200,000 股。莊敬公司90年至92年之各期淨利資料如下： |
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| 各年淨利 |
$572,000
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$776,000
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$870,000
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試計算莊敬公司90年之各年度每股盈餘。 |
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| 六、 |
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(15分) |
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美國財務會計準則公報第142號 (SFAS No.142) 修訂有關商譽及無形資產之會計處理，與以往的處理有些不同。請概要敘述其主要的差異；並請對此新的會計處理方式，予以簡要評述。 |
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