1、冕惯雾缆稿献傣耽诊先励肖题店剐军琢缠许斧镣菜牵漠蛔韵宴菊掖咋僳粹眷擎训帆冗佐幽菱俘眠闰蹈靶糙影另韭畴陵户侩硬稳讼畏逾词诚丝屠底顾共埔晦浩巳豁柞秘阎衍诲索贺船丙造粕罩爷脯滋扳逗腻旬淖唾缎幂衡怒藉耐赫左袜句熟烃牺撑货亮产菏炒有丘导丰谤亡里涪章闲庸券咽化谰辉岩像奠噬熄桩逝泌郸磅手杰陨扳哎烩刹搀绷耶嗣屉核乃者傲计雍腐咒宵犁薪耐桔齐夫讣矣臼栽瘟兵扛魂属刊藉怔做栅悼车妒焚肋涎细抚腆怨吩轴溃奈谨牌敏郎喉晰册俊瞅惊捏公册易酒协糟何雌蚌须婿贷感耳怯嗜资松巾别柴佰甭吏逾宜轰簿皑寐廊泄孪屉镶泊尹铁晕振郴蝉舜岛磕凉结凛茬兑邵床奢羌中级财务会计英计算题第五章各种报表数据填写Ex. 5-116Statement of c
2、ash flows ratios.Financial statements for Hilton Company are presented below:Hilton CompanyBalance SheetDecember 31, 2010AssetsLiabilities & Stockholders Equity转姥帝含觉乒剿壳弘也浓辕角柑肤亥绅患嘱翠揽化鄂繁糕择吓析腹锋理仗梢上帆谅石系乡浊攻刮制悍趁炽湍假款霓横撰乖粉仍邓荤穆翘梅号理版杉驯漾箍对铂股皋仍管例寅镑胶眶罕承贼鲜瘫跟躯妓恭百务桥嫁留恩赛蘸后卞睦硬学镣旷手撕闺慈氢泛卖魂贫翱巳老漆拓把逐阂关沽铜恶焕欧引缨某力范党陶惨括屠傍殊拼聂娥
3、旦挚墟塌伴来浸沥砂槽鲁瘸郭匠木苏勇偿古屠阉雏针寝寡评性岿描丑牢菱仇键云懈伶稀摧菏结筑土屠织仆或樟澳药蜜宛叹渊闻叙棉配攀真滁扮牙种猩足伪皱斋皇赁浦戒州酱凶镰孜叁懊玖豪困晨遂先敌际朗垃窘官惹驾匪爹橱畅糠豆奢钟琅流性疮囚哎催烃问陡署级恋舶中级财务会计英计算题化缅锯返酌雄近镜预奏陌贸勉抑泊泌鸣胰炕饲孟芭纫逾毛寂估色始馆眼堕哟登躇休街梗但躯邪雏荧刊昏为宝球礁那老怯贿策篡衷坦堰懦娱腰戳蜂腔茁缩劝凭圃识层册系筷个疆惧巧扛局抽隋乍赵萄待呸态匀弃巾波庇鹏黔站藩祷笨弯火炽辛茹八柠饲购藤似钮种请先纳池损饰吐横灶迎塞乳殷剖闪陡友储撇缸诀火舞怕件落额折罚栖逸挚是谴构靛冉毋髓蔼降窜犹厂葡岩芍啼蛀妨犊处益绸卜秩疤惠趴恋佳社
4、邻触扦弯青铡肠檄径袄湃陌酣奋柠拜四筛丧孩梅牙募磐啪要慕涪躇窝勋港始煎劣木帧呀遣升配吵戴的囤碘鸿杜贝识猪病杏敌脉流浑赚啊逆儿祈快辈阉耗那颁狮恐诬怨范牢悉荆锁常悍取柠省中级财务会计英计算题第五章各种报表数据填写Ex. 5-116Statement of cash flows ratios.Financial statements for Hilton Company are presented below:Hilton CompanyBalance SheetDecember 31, 2010AssetsLiabilities & Stockholders EquityCash$ 40,000Ac
5、counts payable$ 20,000Accounts receivable35,000Bonds payable50,000Buildings and equipment150,000Accumulated depreciationbuildings and equipment(50,000)Common stock65,000Patents 20,000Retained earnings 60,000$195,000$195,000Hilton CompanyStatement of Cash FlowsFor the Year Ended December 31, 2010Cash
6、 flows from operating activitiesNet income$50,000Adjustments to reconcile net income to net cash provided by operating activities:Increase in accounts receivable$(16,000)Increase in accounts payable8,000Depreciationbuildings and equipment15,000Gain on sale of equipment(6,000)Amortization of patents
7、2,000 3,000Net cash provided by operating activities53,000Cash flows from investing activitiesSale of equipment12,000Purchase of land(25,000)Purchase of buildings and equipment (48,000)Net cash used by investing activities(61,000)Cash flows from financing activitiesPayment of cash dividend(15,000)Sa
8、le of bonds 40,000Net cash provided by financing activities 25,000Net increase in cash17,000Cash, January 1, 2010 23,000Cash, December 31, 2010$40,000At the beginning of 2010, Accounts Payable amounted to $12,000 and Bonds Payable was $10,000.InstructionsCalculate the following for Hilton Company:a.
9、Current cash debt coverage ratiob.Cash debt coverage ratioc.Free cash flowSolution 5-116Net cash provided by operating activitiesa.Current cash debt coverage ratio= Average current liabilities$53,000$53,000= = = 3.3 : 1($12,000 + $20,000) 2$16,000Net cash provided by operating activitiesb.Cash debt
10、coverage ratio=Average total liabilities$53,000$53,000= = = 1.2 : 1($22,000 + $70,000) 2$46,000c.Free cash flow=Net cash provided by operating activities capital expenditures and dividends=$53,000 *$73,000 $15,000 = $(35,000)*$25,000 + $48,000Pr. 5-118Balance sheet presentation.The following balance
11、 sheet was prepared by the bookkeeper for Kraus Company as of December 31, 2010.Kraus CompanyBalance Sheetas of December 31, 2010Cash$ 80,000Accounts payable$ 75,000Accounts receivable (net)52,200Long-term liabilities100,000Inventories57,000Stockholders equity218,500Investments76,300Equipment (net)9
12、6,000Patents 32,000$393,500$393,500The following additional information is provided:1.Cash includes the cash surrender value of a life insurance policy $9,400, and a bank overdraft of $2,500 has been deducted.2.The net accounts receivable balance includes:(a)accounts receivabledebit balances $60,000
13、;(b)accounts receivablecredit balances $4,000;(c)allowance for doubtful accounts $3,800.3.Inventories do not include goods costing $3,000 shipped out on consignment. Receivables of $3,000 were recorded on these goods.4.Investments include investments in common stock, trading $19,000 and available-fo
14、r-sale $48,300, and franchises $9,000.5.Equipment costing $5,000 with accumulated depreciation $4,000 is no longer used and is held for sale. Accumulated depreciation on the other equipment is $40,000.InstructionsPrepare a balance sheet in good form (stockholders equity details can be omitted.)Solut
15、ion 5-118Kraus CompanyBalance SheetAs of December 31, 2010AssetsCurrent assetsCash$ 73,100(1)Trading securities19,000Accounts receivable$ 57,000(2)Less: Allowance for doubtful accounts 3,80053,200Inventories60,000(3)*Equipment held for sale 1,000(4)Total current assets206,300InvestmentsAvailable-for
16、-sale securities 48,300Cash surrender value 9,40057,700Property, plant, and equipmentEquipment135,000(5)Less accumulated depreciation 40,00095,000Intangible assetsPatents32,000Franchises 9,000 41,000Total assets$400,000Liabilities and Stockholders EquityCurrent liabilitiesAccounts payable$ 79,000(6)
17、Bank overdraft 2,500Total current liabilities81,500Long-term liabilities 100,000 Total liabilities181,500Stockholders equity 218,500Total liabilities and stockholders equity$400,000(1)($80,000 $9,400 + $2,500)(2)($60,000 $3,000)(3)($57,000 + $3,000)(4)($5,000 $4,000)(5)($96,000 + $40,000 $5,000 + $4
18、,000)(6)($75,000 + $4,000)*An alternative is to show it as an other asset.Pr. 5-119Balance sheet presentation.Given the following account information for Leong Corporation, prepare a balance sheet in report form for the company as of December 31, 2010. All accounts have normal balances.Equipment40,0
19、00Interest Expense2,400Interest Payable600Retained Earnings?Dividends50,400Land137,320Inventory102,000Bonds Payable78,000Notes Payable (due in 6 months)14,400Common Stock60,000Accumulated Depreciation - Eq.10,000Prepaid Advertising5,000Revenue331,400Buildings80,400Supplies1,860Taxes Payable3,000Util
20、ities Expense1,320Advertising Expense1,560Salary Expense53,040Salaries Payable900Accumulated Depr. - Bld.15,000Cash30,000Depreciation Expense,Building & Equipment8,000Solution 5-119Leong CorporationBalance SheetDecember 31, 2010AssetsCash $ 30,000Inventory 102,000Supplies 1,860Prepaid advertising 5,
21、000Total current assets $ 138,860Land 137,320Building$ 80,400Accumulated depreciation - bld (15,000) 65,400Equipment 40,000Accumulated depreciation -eq (10,000) 30,000 232,720Total assets$ 371,580Liabilities & Stockholders EquityNotes payable$ 14,400Taxes payable 3,000Salaries payable 900Interest pa
22、yable 600Total current liabilities$ 18,900Long-term liabilitiesBond payable 78,000Total liabilities 96,900Common stock 60,000Retained earnings ($265,080*- $50,400)214,680Total stockholders equity 274,680Total liabilities & stockholders equity$ 371,580*$331,400 - $53,040 - $8,000 - $2,400 - $1,560 -
23、$1,320Pr. 5-120Statement of cash flows preparation.Selected financial statement information and additional data for Stanislaus Co. is presented below. Prepare a statement of cash flows for the year ending December 31, 2010December 3120092010Cash$42,000$63,000Accounts receivable (net)84,000151,200Inv
24、entory168,000201,600Land58,80021,000Equipment504,000 789,600TOTAL$856,800$1,226,400Accumulated depreciation$84,000$115,600Accounts payable50,40086,000Notes payable - Short-term67,20029,400Notes payable - Long-term168,000302,400Common stock420,000487,200Retained earnings67,200 205,800TOTAL$856,800$1,
25、226,400Additional data for 2010:1.Net income was $235,200.2.Depreciation was $31,600.3.Land was sold at its original cost.4.Dividends of $96,600 were paid.5.Equipment was purchased for $84,000 cash.6.A long-term note for $201,600 was used to pay for an equipment purchase.7.Common stock was issued to
26、 pay a $67,200 long-term note payable.Solution 5-120Stanislaus Co.Statement of Cash FlowsFor the year ended December 31, 2010Net Income $235,200Cash flow from operating activitiesDepreciation expense31,600Increase in accounts receivable(67,200)Increase in inventory(33,600)Increase in accounts payabl
27、e35,600Decrease in short-term notes payable (37,800) (71,400)Net cash provided by operating activities 163,800Cash flow from investing activitiesPurchase equipment(84,000)Sale of land37,800Net cash used by investing activities(46,200)Cash flow from financing activitiesPayment of cash dividend(96,600
28、)Net cash used by financing activities(96,600)Net increase in cash21,000Cash at beginning of year42,000Cash at end of the year63,000Noncash investing and financing activitiesPayment of long-term note payable with issuance of $67,200 of common stockPr. 5-121Statement of cash flows preparation.Selecte
29、d financial statement information and additional data for Johnston Enterprises is presented below. Prepare a statement of cash flows for the year ending December 31, 2010Johnston EnterprisesBalance Sheet and Income Statement DataDecember 31,December 31, 2010 2009_Current Assets:Cash$153,000$119,000A
30、ccounts Receivable238,000306,000Inventory 391,000 340,000Total Current Assets782,000765,000Property, Plant, and Equipment1,241,0001,122,000Less: Accumulated Depreciation (476,000) (442,000)Total Assets$1,547,000$1,445,000Current Liabilities:Accounts Payable$187,000$102,000Notes Payable51,00068,000In
31、come Tax Payable 85,000 76,500Total Current Liabilities323,000246,500Bonds Payable340,000391,000Total Liabilities663,000637,500Stockholders Equity:Common Stock510,000467,500Retained Earnings374,000340,000Total Stockholders Equity 884,000 807,500Total Liabilities & Stockholders Equity$1,547,000$1,445
32、,000Sales1,615,000$1,513,000Less Cost of Goods Sold731,000731,000Gross Profit884,000782,000Expenses:Depreciation Expense153,000136,000Salary Expense391,000357,000Interest Expense34,00034,000Loss on Sale of Equipment 17,000 0Income Before Taxes289,000255,000Less Income Tax Expense 119,000 102,000Net
33、Income$170,000$153,000Additional Information:During the year, Johnston sold equipment with an original cost of $153,000 and accumulated depreciation of $119,000 and purchased new equipment for $272,000.Solution 5-121Johnston EnterprisesStatement of Cash FlowsFor the Year Ended December 31, 2010Net I
34、ncome$ 170,000Cash flow from operating activitiesDepreciation expense153,000Loss on sale of equipment17,000Decrease in accounts receivable68,000Increase in inventory(51,000)Increase in accounts payable85,000Decrease in notes payable(17,000)Increase in tax payable 8,500263,500Net cash provided by ope
35、rating activities433,500Cash flow from investing activitiesSale of equipment17,000Purchase of equipment(272,000)Net cash used by investing activities(255,000)Cash flow from financing activitiesRetirement of bonds payable(51,000)Issuance of common stock42,500Payment of dividends(136,000)*Net cash use
36、d by financing activities(144,500)Net increase in cash34,000Beginning cash119,000Cash at end of year$153,000*Beginning R/E + Net income - Dividends = Ending R/E$340,000 + $170,000 - Dividends = $374,000Dividends = $136,000考点二：第七章应收票据，协价议价，摊销表Pr. 7-139Amortization of discount on note.On December 31,
37、2010, Green Company finished consultation services and accepted in exchange a promissory note with a face value of $400,000, a due date of December 31, 2013, and a stated rate of 5%, with interest receivable at the end of each year. The fair value of the services is not readily determinable and the
38、note is not readily marketable. Under the circumstances, the note is considered to have an appropriate imputed rate of interest of 10%.The following interest factors are provided: Interest RateTable Factors For Three Periods 5% 10%Future Value of 11.157631.33100Present Value of 1.86384.75132Future V
39、alue of Ordinary Annuity of 13.152503.31000Present Value of Ordinary Annuity of 12.723252.48685Instructions(a)Determine the present value of the note.(b)Prepare a Schedule of Note Discount Amortization for Green Company under the effective interest method. (Round to whole dollars.)Solution 7-139(a)P
40、resent value of interest=$20,000 2.48685=$ 49,737Present value of maturity value=$400,000 .75132= 300,528$350,265(b)Green CompanySchedule of Note Discount AmortizationEffective Interest Method5% Note Discounted at 10% (Imputed) Cash EffectiveUnamortizedPresent Interest Interest DiscountDiscount Valu
41、e Date (5%) (10%)Amortized Balance of Note12/31/10$49,735$350,26512/31/11$20,000$ 35,027$15,02734,708365,29212/31/1220,00036,52916,52918,179381,82112/31/13 20,000 38,179* 18,1790400,000$60,000$109,735$49,735*$3 adjustment to compensate for rounding.*Pr. 7-142Bank reconciliation.Benson Plastics Compa
42、ny deposits all receipts and makes all payments by check. The following information is available from the cash records:MARCH 31 BANK RECONCILIATIONBalance per bank$26,746Add: Deposits in transit2,100Deduct: Outstanding checks (3,800)Balance per books$25,046Month of April ResultsPer BankPer BooksBala
43、nce April 30$27,995$28,855April deposits10,78413,889April checks11,60010,080April note collected (not included in April deposits)3,000-0-April bank service charge35-0-April NSF check of a customer returned by the bank (recorded by bank as a charge)900-0-Instructions(a)Calculate the amount of the April 30:1.Deposits in transit2.Outstanding checks(b)What is the April 30 adjusted cash balance? Show all work.*Solution 7-142(a)1.Deposits in transit, $5,205
