02.Murray Company debited Prepaid Insurance for $960 on July 1, 1998 for a one-year

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1 八 十 八 學 年 度 會 計 學 考 古 題 題 目 難 易 的 順 序 ( 難 易 ) 為 : I III II I Multiple Choice (74%) 01.The purchase of office equipment for $15,000 cash a. is a cash outflow from financing activities. b. is a cash outflow from operating activities. c. is a cash out flow from investing activities. d. does not affect cash flows. 02.Murray Company debited Prepaid Insurance for $960 on July 1, 1998 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 $960 and expenses to be understated by $960. b. expenses to be overstated by $80 and assets to be understated by $80. c. assets to be overstated by $80 and expenses to be understated by $80. d. expenses to be overstated by $960 and assets to be understated by $ A company just starting business purchased three merchandise inventory items at the following prices: first purchase $870; second purchase $840; third purchase $810. If two items were sold during the period and the company used the LIFO costing method,the gross profit for the period would be how much greater or less than if the FIFO costing method had been uesd? a. Gross profit would be $60 greater. b. Gross profit would be $60 less. c. Gross profit would be the same. d. Gross profit would be $30 greater. 04.Which one of the following accounts is not closed at the end of an accounting period? a. Owner's Capital account

2 b. Owner's Drawing account c. Fees Earned account d. Insurance Expense account 05.Gross profit is calculated by a. subtracting total expenses from total revenues. b. subtracting cost of goods sold from net sales. c. taking the beginning inventory + cost of goods purchased the ending inventory. d. subtracting the ending unventory from cost of goods available for sale. 06.The financial statement that reports assets,liabilities,and stockholder's equity is the: a. income statement b. retained earnings statement c. balance sheet d. statement of cash flow 07.A check correctly written and paid by the bank for $381 is incorrectly recorded on the company's books for $381. The appropriate adjustment on a bank reconciliation would be to: a. deduct $381 from the book's balance. b. deduct $63 from the book's balance. c. deduct $63 from the bank's balance. d. add $63 to the bank's balance. 08.A company purchased a delivery truck on January 1, 1996, for $16,000. It is estimated that the delivery truck will have a $4,000 salvage value at the end of its 5-year useful life. If the company recorded depreciation expense of $3,840 for the year 1997 on the delivery truck, the depreciation method used by the company is : a. not determinable. b. the straight-line method. c. the units-of-activity method. d. the double-declining-balance method. 09.Seifert Company had a balance in the Merchandise Inventory account of $260,00 at

3 the beginning of the year and a balance of $340,000 at the end of the year. The inventory turnover ratio for 1996 was 4 times. If gross profit as a percentage of sales was 40%, the amount of sales for 1996 was : a. $2,000,000. b. $1,200,000. c. $3,000,000. d. $750, The Flutie Company sells 600 units of a product theat has a one-year warranty on parts. The average cost of honoring one warranty contract is $75. During the year 20 contracts are honored at a cost of $1,500. It is estimated that 40 contracts will be honored in the following year. The adjusting entry at the end of the current year will include a: a. credit to Estimated Warranty Liability for $3,000. b. credit to Estimated Warranty Liability for $4,500. c. debit to Warranty Expense for $1,500. d. debit to Warranty Expense for $4, The Dong-Hwa Company has the following stock outstanding: 6% Preferred stock, $100 par value,cumulative $300,000 Common stock, $50 par value $600,000 Preferred stock dividends are in arrears for 1995 and If the company declares and pays $45,000 in dividends in 1997, the amount received by the preferred stockholders would be: a. $36,000. b. $18,000. c. $54,000 d. $45, The MBA Compay had 150,000 shares of common stock outstanding on January 1, During 1996, the company issued an additional 60,000 shares of common stock on May I and 78,000 shares on November 1. In computing earnings per share for 1996, the weighted average shares outstanding would be : a. 219,000 shares. b. 203,000 shares. c. 288,000 shares. d. 150,000 shares. 13.Which one of the following would not be classified as an extraordinary item on the income statement? a. Losses attributable to an unexpected labor strike. b. Expropriation of property by a foreign government. c. Effects of a rare major casualty.

4 d. Loss because of a newly enacted governmental regulation. 14.In process cost accounting, equivalent units of production are the: a. work done on physical units expressed in terms of fully completed units. b. units that are transferred to the nest processing department. c. units completed and transferred to finished goods. d. units that are incomplete at the end of a period. 15.The objectives of internal control are to a. prevent unintentional errors and irregularities. b. safeguard assets and enhance the accuracy and reliability of the accounting records. c. enhance the accuracy and reliability of financial statements. d. safeguard assets and prevent thefts. 16.In the month of April, a department had 500 units in the beginning work in process inventory valued at $4,000 that were 60% complete. The department employs the FIFO cost flow assumption. Materials are added at the beginning of the process and conversion costs are added uniformly throughout the process. During April, 10,000 units were completed and transferred to the finished goods inventory and there were 2,000 units that were 25% complete in the ending work in process inventory on April 30. During April, manufacturing costs charged to the department were: Materials $46,000; Conversion costs $51,000. The cost assigned to the units transferred to finished goods during April was: a. $90,000 b. $90,500. c. $94,000. d. $89, The accounting convention that is most responsible for the increase in the number of notes to financial statements is: a. consistency b. materiality c. conservatism d. full disclosure 18.A company desires to earn target net income of $60,000 from the sale of its product. If the unit sales price is $15, unit variable cost is $9, and total fixed costs are $90,000, the number of units that the company must sell to earn its target net income is a. 10,000 units. b. 25,000 units. c. 20,000 units. d. 15,000 units.

5 19.During 1996, Simms Company had an asset turnover ratio of 4 times with sales totaling $1,000,000. If net income was $50,000, the Simms Company's return on assets in 1996 was a. 5%. b. 20%. c. 25%. d. 50%. 20.Nile Co. accumulated the following cost information for its two products, A and B: product Product Volume Total directset-up cost per batch size Total DLH labor hours batch set-up per costs unit A 2,000 5,000 1, $20,000 2 B 1,000 20,000 2, $40, A traditional costing system would allocate set-up cost on the basis of DLH. An ABC system would trace costs by spreading the costs per batch over units in a batch. What is the setup cost per unit of product A under each costing system? a. traditional $4.8 ABC$10 b. traditional $2.4 ABC$10 c. traditional $40 ABC$200 d. traditional $4.8 ABC$20 21.Barber Company reported net income of $30,000 for the year ended Decemebr 31,1996. During the year, inventories decreased by $7,000, accounts payable decreased by $8,000, depreciation expense was$10,000 and a gain on disposal of equipment of $6,500 was recorded. Net cash provided by operations in 1996 using the indirect method was: a. $61,500. b. $20,500. c. $48,500. d. $32, Which combination of changes in asset turnover and income as a percentage of sales will maximize the return on investment? Asset Income as a percentage of sales a. Increase Decrease b. Increase Increase c. Decrease Increase

6 d. Decrease Decrease 23.Which one of the following transactions does not affect cash? a. Acquisition and retirement of bonds payable b. Write-off of an uncollectible accounts receivable c. Acquisition of treasury stock d. Payment of cash dividend 24.A company has budgeted direct material purchases of $50,000 in March and $80,000 in April. Past experience indicates that the company pays for 70% of its purchases in the month of purchase and the remaining 30% in the next month. During April, the following items were budgeted: Wages Expense $25,000 Purchase of office equipment 12,000 Selling and Administrative Expenses 8,000 Depreciation Expense 6,000 The budgeted cash disbursements for April are a. $108,000. b. $71,000. c. $116,000. d. $122, Unrealized loss on available-for-sale securities appears as a deduction a. on the income statement as an expense. b. from total assets on the balance sheet. c. from revenues on the income statement. d. from stockholders'equity on the balance sheet. 26.A direct labor overtime premium should be charged to a specific job when the overtime is caused by the: a. Increased overall level of activity. b. Customer's requirment for early comletion of job. c. Management's failure to include the job in production schedule. d. Management's requirement that the job be completed before the annual factory vacation closure.

7 27.The convention of the of consistency relates most closely to a. relevance b. materiality c. comparability d. conservatism 28.On January 1,1996, the Gates Company purchased 40,000 shares of the 100,000 common shares outstanding of the Bruce Company for $720,000. During 1996, the Bruce company reportednet income of $120,000 and paid a cash dividend of $55,000 and issued a 5% stock dividend. The balance of the Stock Investments account on the books of the Gates Company on December 31, 1996, is: a. $698,000. b. $746,000. c. $768,000. d. $720, Nonfinancial performance measure are important to engineering and operations managers in assessing the quality levels of their products. Which of the following indicators can be used to measure product quality? I. Returns an allowance II. Number and types of customer complaints. III. Product cycle time a. I and II only b. I and III only c. II and III only d. I,II and III. 30.Dong-hwa Co. wants to establish a selling price that will yield a gross margin of 40% on sales of a product whose cost is $12 per unit. The seling price should be: a. $16.8 b. $19.2 c. $20 d. $30 31.For the year ended Dec.31, 1998, Don Co. incurred direct costs of $500,000 based on particular course of action during the year. If a different course of action had been taken, direct costs would have been $400,000. In addition, Don's 1998 fixed costs were $90,000. The incremental cost was: a. $10,000 b. $90,000 c. $10,000 d. $190, 在 權 責 發 生 制 下, 下 列 那 一 項 目 不 須 考 慮 費 用 與 收 入 之 配 合 問 題 : a. 現 金 鎖 貨 b. 應 計 利 息 收 入 c. 折 舊 之 提 列 d. 呆 帳 損 失 之 估 計 33. 東 華 公 司 實 行 責 任 會 計 制, 4 月 份 甲 部 門 之 相 關 資 料 如 下 : 製 造 之 變 動 成 本 $300,000, 銷 售 管 理 之 變 動 成 本 $45,000, 固 定 成 本 中 部 門 經 理 可 控 制 的 部 份 為 $42,000, 部 門 經 理 不 可 控 制 部 份 為 $26,000, 邊 際 貢 獻 為 : $80,000, 在 編 制 甲 部 門 績 效 時, 試 問 該 部 門 之 經 理 的 貢 獻 為 何?

8 a. $12,000 b. $54,000 c. $38,000 d. $16, 某 公 司 87 年 6 月 1 日 現 購 公 司 債 一 批, 面 值 $40,000, 年 息 6%, 每 年 4 月 30 日 及 10 月 31 日, 各 付 息 一 次, 其 發 行 日 期 為 87 年 5 月 1 日, 以 票 面 發 行, 則 該 公 司 購 入 時, 應 付 現 金 為 : a. $42,000 b. $40,200 c. $40,020 d. $40, 所 謂 加 工 成 本 是 指 : a. 間 接 材 料 加 間 接 人 工 b. 間 接 材 料 加 製 造 費 用 c. 間 接 人 工 加 製 造 費 用 d. 直 接 人 工 加 製 造 費 用 36. 下 列 合 者 可 了 解 企 業 自 有 資 金 的 比 例? a. 權 益 比 率 b. 債 務 比 率 c. 債 務 對 權 益 的 比 率 d. 以 上 皆 可 年 底 大 大 公 司 的 本 益 比 為 40, 股 利 發 放 率 為 60%,88 年 每 股 股 利 為 $1.2, 試 問 88 年 底 大 大 每 股 股 價 為 何? a.$33.33 b.$80 c.$55 d.$100 II. Matching Problem (8%) 1. 請 將 下 列 特 定 的 衡 量 指 標 及 其 標 竿 類 型 相 配 對 :(4%) a. 準 時 交 貨 給 顧 客 (1) 員 工 績 效 b. 瑕 疵 品 原 料 的 百 分 比 (2) 產 品 績 效 c. 員 工 流 動 率 (3) 供 應 商 績 效 d. 會 計 報 告 編 制 時 間 (4) 支 援 績 效 2. 將 下 列 會 計 資 訊 及 會 計 原 則 之 屬 性 相 配 對 :(4%) a. 採 用 相 同 的 存 貨 計 價 法 下 所 得 的 存 貨 成 本 (1) 配 合 原 則 b. 以 銷 貨 百 分 比 法 估 計 壞 帳 費 用 (2) 可 靠 性 c. 會 計 報 表 附 註 說 明 折 舊 提 列 法 (3) 充 分 揭 露 d. 由 獨 立 會 計 師 查 核 簽 證 的 會 計 報 表 (4) 可 比 較 性 III.Questions (18%) 1.QQ 公 司 正 考 慮 下 列 計 畫 :(10%) 將 資 金 運 用 於 設 備 :$2,000,000 土 地 $1,250,000 建 築 物 $1,500,000, 此 計 畫 之 稅 後 現 金 流 量 為 $600,00, 籌 措 計 畫 的 資 金 成 本 為 10%, 試 問 : (1) 請 計 算 該 計 畫 之 經 濟 附 加 價 值 (EVA) (2) 根 據 經 濟 附 加 價 值 的 概 念, 增 進 EVA 的 方 式 主 要 有 哪 三 種?

9 2. 有 關 東 華 公 司 每 年 固 定 成 本 為 $500,000, 變 動 成 本 率 為 60%,88 年 之 銷 售 額 為 $100,000, 試 作 :(1) 淨 利 $300,000 時 之 銷 售 額 (2) 損 益 兩 平 之 銷 售 額 (8%) (3) 安 全 邊 際 額

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