外經(jīng)貿(mào)2004會計學(xué)專業(yè)真題_跨考網(wǎng)

　　對外經(jīng)濟貿(mào)易大學(xué)

　　2004年攻讀碩士學(xué)位研究生入學(xué)考試

　　《會計學(xué)綜合》試題

　　1. Multiple choice questions (choose the best for your answer) 13 points

　　(1) The statement of cash flows is designed to assist users in assessing each of the following except:

　　A. The ability of a company to remain solvent

　　B.The major sources of cash receipts during the period

　　C.The company’s profitability

　　D.The reasons why net cash flows from operating activities differ form net income

　　(2) A debit entry of the Allowance for Doubtful Account represents:

　　A. money set aside to take care of any bad debts

　　B. the amount of bad debts incurred in the previous period

　　C. the amount of bad debts incurred in the current period

　　D. the amount of bad debts incurred in the current period and previous periods

　　E. none of the above

　　(3) In a decade of steadily rising prices, the inventory method which would produce the largest inventory cost on the balance sheet would be:

　　A. FIFO method

　　B. LIFO method

　　C. Weighted-Average method

　　D. Activity method

　　(4) On December 15, 2002, WS company reacquired 2000 shares of its own $5 par stock at a price of $60 per share. In 2003 500 of the treasury shares are reissued at a price of $70 per share. The correct one of the following statement is:

　　A.WS Company recognized a gain of $10 per share on the re-issuance of the 500 treasury stock in 2002.

　　B.WS stockholders’ equity was increased by $110 000 when the treasury stock was acquired.

　　C. the two treasury stock transactions result in an overall reduction in WS’s stockholders’ equity of $85 000.

　　D. the treasury purchased was recorded at cost and was shown in WS company’s December 31, 2003, balance sheet as an asset.

　　(5) Which of the following is true when a business is organized as corporation?

　　A. Stockholders do not have to pay personal income taxes on dividends received, because the corporation is subject to income taxes on its earnings.

　　B. Stockholders are liable for the debts of the business only in proportion to their percentage ownership of capital stock.

　　C. Fluctuations on the market value of outstanding shares of capital stock do not affect the amount of stockholders’ equity shown in the balance sheet.

　　D. Each of the stockholders has the right to bind the corporation to contracts and make other management decisions.

　　(6) Deferred income taxes result from:

　　A. The fact that bond interest is deductible in the computation of taxable incomes.

　　B. timing differences

　　C. the inability of a bankrupt company to pay its income tax liability on schedule.

　　D. the permanent difference between accounting net income and taxable income.

　　(7) SP company sold a plant asset that originally cost $60 000 for $32 000 cash. If SP correctly reports a $5 000 gain on this sale, the accumulated depreciation on the asset at the date of sale must have been:

　　A. $24 000 B. $33 000 C. $28 000 D. some other amount

　　(8) TS department store uses a perpetual inventory system but adjusts its records at year-end to reflect the results of a complete physical inventory. In the physical inventory taken at the ends of 2002 and 2003, TS’ employees failed to count the merchandise in the store’s window displays. The cost of this merchandise amounted to $13 000 at the end of 2002 and $19 000 at the end of 2003. as a result of these errors, the cost of good sold for 2003 would be:

　　A. Understated $6 000

　　B. Overstated $19 000

　　C. Overstated $6 000

　　D. Understated $13 000

　　E. Some other amount.

　　(9) PS company sold marketable securities costing $82 000 for $94 000 cash. In the company’ income statement and statement of cash flows, respectively, this will appear as:

　　A. $94 000 gain and $94 000 cash receipt

　　B. $12 000 gain and $94 000 cash receipt

　　C. $12 000 gain and $80 000 cash receipt

　　D. $82 000 sales and $94 000 cash receipt

　　(10) The CPA firm auditing MS Drag Sore found that owner’s equity was understand and liabilities were overstated. Which of the following errors could have been the cause?

　　A. Making the adjusting entry for depreciation expense twice.

　　B. Failure to record interest accrued on a note payable

　　C. Failure to record the earned portion of fees received in advance.

　　D. Failure to make the adjusting entry to record revenue that had been earned but not yet billed to clients.

　　(11) The entry to record depreciation expense:

　　A. Is an application of the closing procedures

　　B. Is an application of the matching principle

　　C. Usually includes an offsetting credit either to cash or to accounts payable

　　D. None of the above

　　(12) The closing process involves separate entries to close (1) expenses (2) dividends (3) revenues (4) net income or loss. The correct sequencing of the entries is:

　　A. (4) (3) (2) (1)

　　B. (1) (3) (2) (4)

　　C. (3) (2) (1) (4)

　　D. (3) (1) (4) (2)

　　(13) When there is a change in estimated depreciation:

　　A. Previous depreciation should be correct

　　B. Current and future year’s depreciation should be revised

　　C. Only future year’s depreciation should be revised

　　D. None of the above

　　2. Give a brief explanation for the following terms(9’)

　　(1) EPS

　　(2) Extraordinary item

　　(3) Capital expenditure

　　(4) Treasury stock

　　(5) Cash equivalents

　　(6) Price-earnings (P/E) ratio

　　3. Accounting terminology (4’)

　　In the space provided after each statement, indicate (write out) the accounting term described.

　　(1) The amount that must be paid to settle a liability at the date it becomes due._________________________

　　(2) Depreciation methods which take more depreciation in the early years of an assets’s useful life, and less depreciation in the later years.____________________________

　　(3) The percentage of total assets financed by creditors._____

　　(4)Amounts invested in a corporation by its stockholders._____

　　4. Translate the following statements into Chinese (10’)

　　(1) Relevance and reliability are the two primary qualities that make accounting information useful for decision making. Subject to constrains imposed by cost and materiality increased relevance and increased reliability are the characteristics that make information a more desirable commodity----that is, one useful in making decisions. If either of those qualities is completely missing, the information will not be useful. Although, ideally, the choice of an accounting alternative should product information that is both more reliable and, more relevant, it may be necessary to sacrifice some of one quality for a gain in another.

　　(2) Loss contingencies are accrued if (1) it is probable that a loss has been incurred and (2) the amount of loss can be estimated reasonably. Even if these conditions are not met, loss contingencies should be disclosed if it is reasonably possible that a material loss has been incurred.

　　5. Translate the following Chinese statements into English (15’)

　　(1)公司股東通常具有選舉董事會，享有公司宣告的股利的權(quán)利;在公司清算的時候，股東還享有分配凈資產(chǎn)的權(quán)利。公司的董事會負責(zé)制定公司的政策、監(jiān)督公司高層管理者的工作、保護股東的利益。公司的高層管理者則是由董事會任命來經(jīng)營管理企業(yè)的職業(yè)經(jīng)理人。

　　(2)毛利法和零售價法都是用成本比率去估計商品銷售成本和期末存貨。成本率乘以凈銷售估計出商品的銷售成本，然后從可供銷售的商品成本中減去商品銷售成本即得出期末存貨成本。在毛利法中成本比率是100%減去企業(yè)以往東銷售毛利率，而在零售價法中成本比率則是可供銷售的商品成本對零售價的比率。

　　6. Computation and analysis

　　(1) Cash flows (5’)

　　MP Corporation’s statement of cash flows for 2003 shows the following information:

　　Purchase of marketable securities $(1 580 000)

　　Proceeds from sales of marketable securities 900 000

　　Proceeds form sales of land 500 000

　　Net cash used by investing activities $(180 000)

　　MP income statement for 2003 including the following items:

　　Loss on sales of marketable securities $ 170 000

　　Gain on sales of land 280 000

　　All payment and proceeds relating to these transactions were in cash.

　　Requirement:

　　Please compute the following:

　　① Cost of land sold during 2003;

　　② Book value of marketable securities sold during 2003;

　　(2) Effects of transactions upon ratio analysis (6’)

　　Determine the immediate effect of each the transactions described below on the ratio listed beside each transaction. In the blank space to the left of each statement, you are to indicate the effect by writing the appropriate code letter. The code letters are as follows:

　　D=decrease the ratio, I=increase the ratio, NE=no effect on the ratio

　　①______inventory turnover (4 times): Made large purchases increasing the average size of inventory.

　　②______Return on total assets is 14%: Issued 10% bonds and invested the proceeds to earn 12%

　　③______Earnings per share ($6.25): sold common stock held in treasury at a price above cost.

　　(3) Bonds payable (8’)

　　On December 31, 2002. XY Company issued $2 000 000 face amount of 9%, 10 years bonds payable, with interest payable each June 30 and December 31. The bonds sell at price of 98. XY uses the straight-line method of amortizing any discount or premium.

　　Requirement:

　　① To make the journal entry for XY company to record the issuance of the bonds payable at December 31 2002;

　　② To make the journal entry for XY company to record the first payment of interest and interest expenses at June 30 2003.

　　③ To compute the carrying value of the bonds payable at XY

　　December 31, 2003, balance sheet.

　　2004 中文部分

　　一 名詞解釋

　　1 會計主體假設(shè)

　　2 現(xiàn)金流量表

　　3 邊際貢獻

　　4 資本市場、

　　5 實質(zhì)重于形式原則

　　二 填空題

　　1 我國近年來準備頒布的征求意見會計專題準則主要有________和__________________.

　　2 壞賬處理的備抵法下，其主要核算環(huán)節(jié)是_________________和__________________________

　　3 影響折舊計算的主要因素有：原值，_________,_______和_______

　　4股利率是指_______和_____________的比率

　　5 我國的會計準則——非貨幣交易準則要求，換入資產(chǎn)的價值主要以換出資產(chǎn)的_______________價值進行記錄

　　三 問答題

　　1 請說明會計期間假設(shè)的基本含義及作用，并簡要說明該原則對會計確認及計量的影響。

　　2 簡述作業(yè)成本法的含義，基本程序，作業(yè)成本的基本分類，并說明作業(yè)成本法在應(yīng)用中主要存在哪些問題。

　　3 請闡述在無稅收條件下的MM理論(命題I)的結(jié)論和意義。

　　四 綜合題

　　在上市公司的財務(wù)報表中，資產(chǎn)負債表上有長期股權(quán)投資項目，利潤表上有投資收益項目，現(xiàn)金流量表上有投資活動產(chǎn)生的現(xiàn)金流量項目，請回答：

　　1 有人說，對外股權(quán)投資是企業(yè)的魄力和業(yè)績的表現(xiàn)，也有人說，企業(yè)對外投資項目可能是企業(yè)的一項不良資產(chǎn)，對這種說法你有何評價?

　　2 如何對企業(yè)股權(quán)投資的質(zhì)量進行分析?

　　3 權(quán)益法與成本法的適用條件是什么?權(quán)益法與成本法在會計核算上的主要差異是什么?

　　4、如何通過現(xiàn)金流量表來判斷企業(yè)長期股權(quán)投資的質(zhì)量?

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