1、对外经济贸易大学2009年硕士学位研究生入学考试初试试题考试科目：831会计综合提示：本张试卷分为两部分：英文试题和中文试题。满分150分。第一部分：英文试题（共0分）1.Give a brief explanation for the following terms(9)(1)Consistency(2)Permanent(or real account(3)Monetary assets(4)Depletion for natural resources(5)Extraordinary gain(6)Financing activities2.Fill the blank with bes
2、t term or terms(6)(1)The items listed on the asset side are the)of the entity as of theof the balance sheet.Liabilities are the)of out side parties.Ownersequityshows the）of the owners.(2)An expenditure is a decrease in an asset or an increase()associated with theincurrence of a cost.When expenditure
3、 is made,the related cost is either an asset orexpense.If the cost)future periods,is an increase in an asset.If not,it is anexpense-a reduction in current3.True and false(4分)For each of the following statements,write the T or the F to indicate whether thestatement is True or False.(1)The chief accou
4、ntant of company has the primary responsibility for thepreparation and presentation of ihe companyfinancial statements.(2)An adjusting entry to recognize accrued revenue at year-end causes an increase intotal assets and increase total liabilities.(3)When par value capital stock is issued,Capital Sto
5、ck is credited with the par valueof the shares issued,regardless of whether the issuance price is equal to par,morethan par,or less than par.(4)The cost of the treasury stock is shown as a deduction of shareholdersequity inthe balance sheet.4.Multiple choice questions(please choose the best one for
6、each of the followingquestions(13分)(1)The valuation principle of mark-to-marketapplied to investments classifiedE.None of the above.(6)A payment for equipment repair and maintenance has been incorrectly recordedin the equipment account.Which of the following would the error result in?A.Over statemen
7、t of profit and understatement of shareholders equity;B.Understatement of profit and understatement of non-current assets;C.Over statement of profit and overstatement of non-current assets;D.Understatement of profit and overstatement of non-current assets;E.None of the above.(7)Based on Accounting S
8、tandards that the inventory should be valued at the lower ofcost or market.Which of the following concepts is this in accordance with?A.Going concern;B.Conservatism;C.Matching principle;D.Consistency;E.None of the above.(8)Extracts from a companys income statements of 2008 are given below:ItemsAmoun
9、tsSales revenue$1567320Sales return and allowance1525Accounts receivable(January 1,2008)17524Purchases102000Accounts receivable(December 31,2008)18512The average days of receivable is(the nearest day):A.47days;B.62 days;C.53 days;D.42 days.(9)A business sold goods to a customer that had a full price
10、 of$3000.The customerwas given a trade discount of 10%,and was offered a cash discount of 5%for promptpayment.The customer took advantage of the cash discount for the goods.How muchdid the customer pay the business for the goods?A.$2525;B.$2750;C.$2565D.$2695.(10)The current yield on a bond is:A.The
11、 discount rate that will make the sum of the present value of the series ofinterest payments plus the present value of the bond redemption proceedsequal to the current market price of the bond;B.The effective interest rate of the bond;3C.The annual interest payment divided by the current market pric
12、e of the bond:D.Par interest rate or the effective rate,of which is lower.E.None of the above(11)The following information has been extracted from the financial statements ofABC Company,for the year ended December 31,2008.ItemsAmountsTotal assets less current liabilities320000010%loan notes(10 years
13、)(400000)Net assets2800000Operating profit526750Interest payable(43000)Profit before income tax483750What is the return on invested capital before interest and tax?A.17.27%;B.16.46%:C.16.37%:D.18.71%:E.None of these.(12)XY company has in issue 800000 of shares$0.25 par value of common stockand 50000
14、 shares of$1 par value,8%preference stock.Before the year-end,the boardof directors has decided to declare a final cash dividend of$0.04 per share.Whatamount of the total cash dividends will be declared?A.$3900:B.$12000C.$36000:D.$18000:E.None of these.(13)Which of the following best describes an ac
15、crued expense?A.An expense that will be incurred in the next accounting period but that has beenpaid for in the current aecounting period;B.An expense that has been incurred in the current accounting period but that will bepaid for in the next accounting period;C.An expense that will be incurred in
16、the next accounting period but that was paidfor in the last accounting period:D.An expense that will be incurred and will be paid for in the next accountingperiod;E.None of the above.5.Translate the following statements from Chinese into English.(第1题6，第2题7，共13分)(1)无形资产是指企业经营活动中所使用的、没有实物形态的非流动资产。项攴出要
17、作为无形资产，必须有合理的依据表明该支出能够形成未来的经济利益。其实一些支出在其后的期间里可以提供相当丰厚的收益，但因其收益及其获益期间相当不确定，大多企业将这类支出记为当期费用。()计量会计收益是根据权责发生制概念，权责发生制的核心是收入实现和配比原则。基于权责发生制概念，收益是一个期间确认的收入同与之相配比的当期费用之差。该期间收入一般来说不同于该期间从客户收取的现金，该期间的费用也不同于该期间现金支出。经济学将收益定义为：对企业与其股东交易作适当调整以后，一个企业期未与期初的价值之差。计量经济收益需要估计未实现的价值变动，而会计收益则着重于交易的发生。6.Translate the fo
18、llowing statements into Chinese.(7)(1)Permanent differences lower the effective tax rate that is applied to pretax bookincome.For an unallowable deduction,such as a fine,the reported income taxexpenses will higher than if the expense could be also deducted for tax purposes.By contrast,temporary diff
19、erences do create complications in accounting forincome tax expense.The reason has to do with the matching concept and notmisleading statement users.The FASB feels that in each period a companysfinancial statements should reflect the tax consequences of all of the eventsrecognized in the financial s
20、tatements that have current tax or taxable temporarydifference consequences.(2)Like most humans,managers would like to give a favorable report on how wellthe entity of which they are responsible has performed.Yet,a the FinancialAccounting Standards Board says.prudent reporting based on healthyskepti
21、cism builds confidence in the results and,in the long-standing philosophyof prudent reporting leads to the conservatism concept.7.Statement of cash flows(12)The data below are taken from the financial statements of the MB Company:Accounts12/31/200812/31/2007Accounts receivable$770000$675000Inventory
22、980000818000Prepaid expenses4400069000Accounts payable760000690000Accrued expenses payable260000308000Items of Income statementNet income$8900000Depreciation expenses270000Amortization premium on bond payable90000loss on sales of equipment170000Other informationIssuance of common stock for cash$2000
23、000Disposal equipment for cash350000Required:Using the above information,prepare the section of Cash flows from the operatingactivities on the Statement of Cash Flows of 2008 for MB Company by indirectmethod(list each component of cash flows from operating activities).8.long-term liability(6分)The fo
24、llowing items are selected from the accounting records of WYT Company forthe year ended December 31,2008.ItemsAmounts SIncome taxes payable$53000Accrued expenses39070Mortgage note payable301580Accrued interest on mortgage note payable2508Note payable to Industry Bank250000Trade accounts payable14612
25、0Unearned revenue37410Potential liabilities in pending lawsuit654000Other information:1.The mortgage note payable requires payments of$10000 per month for the next 36months.Amortization table shows that as of December 31,2009,this note will bepaid down to$2126302.The Note payable to Industry Bank is
26、 due in 90days.Arrangements have beenmade to renew this note for additional 12 months.3.Accrued interest on mortgage note payable is paid monthly.4.WYT has been sued for$654000 in a contract dispute.It is not possible at this timeto make a reasonable estimate of the possible loss,if any,that the com
27、pany may havesustained.Required:1.Using the information,prepare the current liabilities section and long-termliabilities section of a classified balance sheet at December 31,2008.2.Explain briefly how the information in each of the four numbered above affectedyour presentation of the companys liabilities6
