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國立彰化師範大學107學年度第1學期學士班轉學生招生考試試題
系所：會計學系年級：三年級

科目：會計學
☆☆請在答案紙上作答☆☆ 共 6 頁，第 1 頁
一、選擇題(每題 4 分，共計 64 分)
1. On December 31, 2019, Flint Corporation sold for $75,000 an old machine having an original cost of
$135,000 and a book value of $60,000. The terms of the sale were as follows:
$15,000 down payment
$30,000 payable on December 31 each of the next two years
The agreement of sale made no mention of interest; however, 9% would be a fair rate for this type of
transaction. What should be the amount of the notes receivable net of the unamortized discount on
December 31, 2019 rounded to the nearest dollar? (The present value of an ordinary annuity of 1 at
9% for 2 years is 1.75911.)
(A) $52,773. (B) $67,773. (C) $60,000. (D) $105,546.
2. The following information was derived from the 2019 accounting records of Perez Co.:
Perez 's Goods
Perez 's Central Warehouse Held by Consignees
Beginning inventory $130,000 $14,000
Purchases 575,000 70,000
Freight-in 10,000
Transportation to consignees 5,000
Freight-out 30,000 8,000
Ending inventory 145,000 20,000
Perez's 2019 cost of sales was？
(A) $570,000. (B) $600,000. (C) $634,000. (D) $639,000.
3. On August 31, a hurricane destroyed a retail location of Vinny’s Clothier including the entire
inventory on hand at the location. The inventory on hand as of June 30 totaled $320,000. From June
30 until the time of the hurricane, the company made purchases of $85,000 and had sales of $250,000.
Assuming the rate of gross profit to selling price is 40%, what is the approximate value of the
inventory that was destroyed?
(A) $320,000. (B) $181,500. (C) $205,000. (D) $255,000.
4. Hardin Company received $40,000 in cash and a used computer with a fair value of $120,000 from
Page Corporation for Hardin Company's existing computer having a fair value of $160,000 and an
undepreciated cost of $150,000 recorded on its books. The transaction has no commercial substance.
How much gain should Hardin recognize on this exchange, and at what amount should the acquired
computer be recorded, respectively?
(A) $0 and $110,000. (B) $769 and $110,769.
(C) $10,000 and $120,000. (D) $40,000 and $150,000.
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科目：會計學
5. On December 1, 2019, Hogan Co. purchased a tract of land as a factory site for $800,000. The old
building on the property was razed, and salvaged materials resulting from demolition were sold.
Additional costs incurred and salvage proceeds realized during December 2019 were as follows:
Cost to raze old building $70,000

Legal fees for purchase contract and to record ownership 10,000
Title guarantee insurance 16,000
Proceeds from sale of salvaged materials 8,000
In Hogan's December 31, 2019 statement of financial position, what amount should be reported as
land?
(A) $826,000. (B) $862,000. (C) $888,000. (D) $896,000.
6. On January 2, 2018, Q. Tong Inc. purchased equipment with a cost of $10,440,000, a useful life of 10
years and no salvage value. The Company uses straight-line depreciation. At December 31, 2018 and
December 31, 2019, the company determines that impairment indicators are present. The following
information is available for impairment testing at each year end:
12/31/2018 12/31/2019
Fair value less cost to sell $9,315,000 $8,350,000
Value-in-use $9,350,000 $8,315,000
There is no change in the asset’s useful life or salvage value. The 2019 income statement will report？
(A) Recovery of Impairment Loss of $3,889.
(B) Impairment Loss of $10,000.
(C) Recovery of Impairment Loss of $38,889.
(D) Impairment Loss of $1,000,000.
7. In 2011, Horton Company purchased a tract of land as a possible future plant site. In January, 2019,
valuable sulphur deposits were discovered on adjoining property and Horton Company immediately
began explorations on its property. In December, 2019, after incurring $400,000 in exploration costs,
which were accumulated in an expense account, Horton discovered sulphur deposits appraised at
$2,250,000 more than the value of the land. To record the discovery of the deposits, Horton should？
(A) make no entry.
(B) debit $400,000 to an asset account.
(C) debit $2,250,000 to an asset account.
(D) debit $2,650,000 to an asset account.
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科目：會計學
8. On December 31, 2018, Frye Co. has $4,000,000 of short-term notes payable due on February 28,
2019. On December 23, 2015, Frye arranged a line of credit with County Bank which allows Frye to
borrow up to $3,500,000 at one percent above the prime rate for three years. On February 2, 2019,
Frye borrowed $2,500,000 from County Bank and used $500,000 additional cash to liquidate
$3,000,000 of the short-term notes payable. The amount of the short-term notes payable that should
be reported as current liabilities on the December 31, 2018 statement of financial position which is
issued on March 15, 2019 is？
(A) $0. (B) $500,000. (C) $1,000,000. (D) $4,000,000
9. The adjusted trial balance for Lifesaver Corp. at the end of the current year, 2015, contained the
following accounts.
5-year Bonds Payable 8% $1,600,000
Bond Interest Payable 50,000
Notes Payable (3 month) 40,000
Notes Payable (5 year) 165,000
Mortgage Payable ($15,000 due currently) 200,000
Salaries and Wages Payable 18,000
Taxes Payable (due 3/15 of 2016) 25,000
The total non-current liabilities reported on the statement of financial position are？
(A) $1,865,000. (B) $1,850,000. (C) $1,965,000. (D) $1,950,000.
10. An analysis of equity of Hahn Corporation as of January 1, 2019, is as follows:
Share capital—ordinary, par value $20; authorized 100,000 shares;

issued and outstanding 90,000 shares $1,800,000
Share premium—ordinary 900,000
Retained earnings 760,000
Total $3,460,000
Hahn uses the cost method of accounting for treasury shares and during 2015 entered into the
following transactions:
Acquired 2,500 of its shares for $75,000.
Sold 2,000 treasury shares at $35 per share.
Sold the remaining treasury shares at $20 per share.
Assuming no other equity transactions occurred during 2019, what should Hahn report at December
31, 2019, as total share premium?
(A) $895,000. (B) $900,000. (C) $905,000. (D) $915,000.
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科目：會計學
11. On December 31, 2018, the equity section of Arndt, Inc., was as follows:
Share capital—ordinary, par value $10; authorized 30,000 shares;

issued and outstanding 9,000 shares $ 90,000
Share premium—ordinary 116,000
Retained earnings 174,000
Total equity $380,000
On March 31, 2019, Arndt declared a 10% share dividend, and accordingly 900 additional shares were
issued, when the fair value was $18 per share. For the three months ended March 31, 2019, Arndt
sustained a net loss of $32,000. The balance of Arndt’s retained earnings as of March 31, 2019, should
be？
(A) $125,800. (B) $133,000. (C) $134,800. (D) $142,000.
12. During 2019, Orton Company earned net income of $384,000 which included depreciation expense
of $78,000. In addition, the company experienced the following changes in the account balances listed
below:
Increases Decreases
Accounts payable $45,000 Accounts receivable $12,000
Inventory 36,000 Accrued liabilities 24,000
Prepaid insurance 33,000
Based upon this information what amount will be shown for net cash provided by operating activities
for 2019?
(A) $492,000. (B) $465,000. (C) $285,000. (D) $267,000.
Use the following information for questions 13 and 14.

Peavy Corp.'s transactions for the year ended December 31, 2019 included the following:
 Acquired 50% of Gant Corp.'s ordinary shares for $180,000 cash which was borrowed from a
bank.
 Issued 5,000 of its preference shares for land having a fair value of $320,000.
 Issued 500 of its 11% debenture bonds, due 2019, for $392,000 cash.
 Purchased a patent for $220,000 cash.
 Paid $120,000 toward a bank loan.
 Sold non-trading investments for $796,000.
 Had a net increase in returnable customer deposits (long-term) of $88,000.
13. Peavy’s net cash provided by investing activities for 2019 was
(A) $296,000 .(B) $396,000. (C) $476,000. (D) $616,000.
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科目：會計學
14. Peavy’s net cash provided by financing activities for 2019 was
(A) $452,000. (B) $540,000. (C) $572,000. (D) $660,000.
Use the following information for questions 15 and 16.

Information concerning the capital structure of Piper Corporation is as follows:
December 31,
2019 2018
Ordinary Shares 150,000 shares 150,000 shares
Convertible preference shares 15,000 shares 15,000 shares
9% convertible bonds $2,400,000 $2,400,000
During 2019, Piper paid dividends of $1.20 per ordinary share and $3.00 per preference share. The
preference shares are convertible into 30,000 ordinary shares. The 9% convertible bonds are
convertible into 75,000 ordinary shares. The net income for the year ended December 31, 2019, was
$600,000. Assume that the income tax rate was 30%.
15. What should be the basic earnings per share for the year ended December 31, 2019, rounded to the
nearest penny?
(A) $2.66. (B) $2.92. (C) $3.70. (D) $4.00.
16. What should be the diluted earnings per share for the year ended December 31, 2019, rounded to the
nearest penny?
(A)$3.20. (B) $2.95. (C) $2.83. (D) $2.35.
二、非選擇題(共計 36 分)
1. 彰化公司於 X0 年 12 月 31 日發行 3 年期的公司債，為消除會計配比不當，彰化公司將其指定
為透過損益按公允價值衡量之金融負債，面額$10,000，票面利率 8%，每年 12 月 31 日付息一
次，發行公司債取得價金$9,503，有效利率為 10%，彰化公司另外支付了直接交易成本$100。於
原始認列時，彰化公司認定將該公司債之信用風險變動而導致公允價值變動的金額認列於其他綜
合損益並不會引發或加劇會計配比不當。此外，經分析，觀察到當時的指標利率為 6%。
 X1 年 12 月 31 日，該債券的公允價值為$9,300，有效利率為 12.15%，經分析，觀察到此時
的指標利率為 7%。
 X2 年 12 月 31 日，該債券的公允價值為$9,950，有效利率為 8.55%，經分析，觀察到此時的
指標利率為 5%。
 X3 年 1 月 1 日，將該債券以$9,950 買回，另支付$120 交易成本。
試做：X0 年 12 月 31 日至 X3 年 12 月 31 日彰化公司相關分錄(假定彰化公司採不攤銷債券
折溢價的方式處理)。(18%)
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科目：會計學
2. 台中公司於 X1 年 1 月 1 日向萬華銀行借款$10,000，利率固定為 8%，每年底付息一
次，該借款於 X4 年底到期，台中公司計算該借款之有效利率為 8%。隨後，台中公司因
營運狀況不佳，財務開始出現困難，雖然尚無積欠利息，但仍向萬華銀行申請債務協
商。萬華銀行於 X3 年 1 月 1 日同意將借款利率降為 2%，到期日延至 X5 年底，到期本
金只要清償$9,000。台中公司支付萬華銀行協商手續費$500。萬華銀行在債務協商前，已
提列相關備抵呆帳$300。
試做：台中公司及萬華銀行 X3 年至 X4 年之相關分錄，並假定台中公司在 X3 年 1 月
1 日借款之市場利率為 15%。(18%)
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國立彰化師範大學107學年度第1學期學士班轉學生招生考試試題

系所：會計學系年級：三年級

Cost to raze old building $70,000

10. An analysis of equity of Hahn Corporation as of January 1, 2019, is as follows:

Share capital—ordinary, par value $20; authorized 100,000 shares;

Share capital—ordinary, par value $10; authorized 30,000 shares;

Use the following information for questions 13 and 14.

Use the following information for questions 15 and 16.

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國立彰化師範大學107學年度第1學期學士班轉學生招生考試試題

系所： 會計學系 年級： 三年級

Cost to raze old building $70,000

10. An analysis of equity of Hahn Corporation as of January 1, 2019, is as follows:

Share capital—ordinary, par value $20; authorized 100,000 shares;

Share capital—ordinary, par value $10; authorized 30,000 shares;

Use the following information for questions 13 and 14.

Use the following information for questions 15 and 16.

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系所：會計學系年級：三年級