课程名称︰高等会计学
课程性质︰会计系必修
课程教师︰许文馨
开课学院：管理学院
开课系所︰会计学系
考试日期（年月日）︰103/04/01
考试时限（分钟）：90分钟
是否需发放奖励金：是~
（如未明确表示，则不予发放）
试题 :
一、(18分) Pig Corp. paid $1,274,000 cash for 70% of the common stock of Set
Corp. on June 1, 2011. The assets and liabilities of Set were fairly
valued, and any fair value/book value differential is goodwill. Data
related to the stockholders' equity of Set are as follows:
Stockholders' Equity Dec. 31, 2010
Common Stock, $10 par $1,000,000
Retained earnings 480,000
Income and Dividends-2011
Revenues $ 384,000
Expenses (144,000)
Net income(earned evenly) 240,000
Dividends 120,000
(declared and paid in equal amounts in Jan., Apr., July and Oct.)
Required: 1. Determine the following:
a. Goodwill from the investment in Set
b. Pig's income from Set for 2011
c. The investment in Set account balance at Dec. 31, 2011
2. Prepare the workpaper entries needed to consolidated the
financial statement for 2011.
（以子公司全年度损益表作为编制合并工作底稿之基础）
二、(21分) Pit Corp. acquired a 90% interest in Sad on July 1, 2012, for
$675,000. The stockholders equity of Sad at Dec. 31, 2011, was as
follows:
Capital stock $500,000
Retained earnings 200,000
Total $700,000
During 2012 and 2013, Sad reported income and declared as follows:
2012 2013
Net income $100,000 $80,000
Dividends(Dec.) 50,000 30,000
On July 1, 2013, Pit sold a 10% interest (or 1/9 of its investment)
in Sad for $85,000.
Required: 1. Determine Pit's investment income for 2012 and 2013,
and its investment balance on Dec. 31,2012 and 2013.
2. Prepare the entry on Pit's books to account for its
decreased ownership interest.
3. Determine noncontrolling interest share for 2013, and
the total of noncontrolling interest on Dec. 31, 2013.
三、(11分) The affiliation structure for Pad Corp. and its subsidiaries is
diagrammed as follow:
Pad
↓90%
Sal
60%↙↘70%
Axe Ban
The incomes and dividends for the affiliated companies for 2011 are:
Pad Sal Axe Ban
Separate income (loss) $500,000 $300,000 $150,000 $(20,000)
Dividends 200,000 140,000 50,000 -
Additional Information
1. Axe sold land to Sal during 2011 at a $20,000 gain. The land is
still held by Sal.
2. Sal is amortizing a previously unrecorded patent of Axe at the
rate of $12,000 per year. (Total amortization is $20,000.)
3. Pad is amortizing a previously unrecorded patent acquired from
Sal with a book value of $360,000 (90%) over its remaining 9
year life.
Required: Prepare a schedule to compute controlling and noncon-
trolling interest shares of consolidated net income for
each subsidiary for 2011.
四、(30分) Pug Corp. acquired a 70% interest in Sat Corp. for $238,000 on
earnings. The excess is a patent amortized over a 10-year period,
at $9,000 per year. Pug accounted for its investment in Sat during
2010 as follows:
Investment cost Jan. 2, 2010 $238,000
Income from Sat[($40,000-$9,000)]x70% 21,700
Dividends for Sat($20,000x70%) (14,000)
Investment balance Dem. 31, 2010 $245,700
On Jan. 3, 2011, Sat acquired a 10% interest in Pug at its $60,000
fair value equal to book value. No intercompany profit transactions
have occured. Incomes and dividends for 2011 were as follows:
Pug Sat
Separate income $120,000 $50,000
Dividends 60,000 30,000
Required: 1. If Pug uses treasury stock approach to deal with Sat's
investments in Pug:
(1) Determine the balance of Pug's income from Sat
for 2011.
(2) Determine the balance of Pug's investment in Sat
account on Dec. 31, 2011.
(3) In 2011, prepare the working paper entries for
Pug Corp. and Subsidiary for the year ended Dec.
31, 2011.
2. If Pug uses conventional stock approach to deal with
Sat's investments in Pug:
(1) Compute controlling shares of consolidated net income
(2) Compute noncontrolling interest shared.
(3) Compute the amount of Pug's income from Sat for 2011.
(4) Compute the amount of the balance in Pug's Invest-
ment in Sat account at Dec. 31, 2011.
五、(20分) The stockholders' equity of Son Corp. on Dec. 31, 2011, was as
follows:
15% preferred stock, $100 par,
cumulative, nonparticipating, with $1,000,000
1 year's dividends in arrears
Common stock, $10 par 2,000,000
Other paid-in capital 200,000
Retained earnings 300,000
Total stockhlders' equity $3,500,000
Pam Corp. acquired 50% of son's preferred stock for $600,000 and 80%
of its common stock for $2,000,000 on Jan. 1, 2012. Son reported net
income of $400,000 and paid dividends of $300,000 in 2012.
Required: 1. Prepare the journal entries to record Pam's 50% invest-
ment in Son preferred stock.
2. Calculate the excess fair value/book value differential
from Pan's 80% investment in Son common. Assume the
differential is goodwill.
3. Compute Pam's income from Son for 2012
4. Calculate the noncontrolling interest share for 2012.
5. Calculate the noncontrolling interest in Son at Dec.
31, 2012.