课程名称︰高等会计学下
课程性质︰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）︰2015年3月26日
考试时限（分钟）：90分钟
试题 :
一、(18分)The stockholders' equity of Sum Corporation at December 31,2010,2011,
and 2012,is as follow
December 31,
2010 2011 2012
Capital stock,$10 par $200,000 $200,000 $200,000
Retained earnings _80,000_ _160,000_ _220,000_
Total =$280,000= =$360,000= =$420,000=
Sum reported income of $80,000 in 2011 and paid no dividends.In 2012,Sum
reported net income of $80,000 and declared and paid dividends of $10,000 on
May 1 and $10,000 on November 1.Income was earned evenly in both years.
Pin Corporation acquired 4,000 shares of Sum common stock on April 1,2011,
for $64,000 cash and another 8,000 shares on July 1,2012,for $164,000.
Noncontrolling interest was measured at the proportionate share of
consideration(移转对价).Any fair value/book value differencial is goodwill.
REQUIRED:Determine the following:
1.Pin's income from Sum for 2011 and 2012.
2.Goodwill in the consolidated balance sheet for 2012.
3.Noncontrolling interest at December 31,2012.
4.Preacquisition income in 2012.
5.Balance of the Investment in Sum account at December 31,2012.
二、(32分)
Pin Corporation purchased 960,000 shares of Sit Corporation's common stock(
an 80 percent interest)for $21,200,000 on January 1,2011,when Sit had
stockholder' equities were $24,000,000.The 20% noncontrolling interest was
measured at fair value $5,300,000 on January 1,2011.
On January 1,2013,Sit sold 400,000 previously unissued shares of common
stock to the public for $30 per share.Sit's stockholders' equity on January 1,
2011,when Pin acquired its interest,and on January 1,2013,immediately before
and after the issuance of additional shares,was as follows(in thousands):
January 1,2011 January 1,2013 January 1,2013
Before Issuance After Issuance
Common stock,$10 par $12,000 $12,000 $16,000
Other paid-in capital 4,000 4,000 12,000
Retained earnings _8,000_ _10,000_ _10,000_
Total =$24,000= =$26,000= =$38,000=
REQUIRED:
1.Determine the goodwill that will appear in the December 31,2013,consolidated
balance sheet.
2.Calculate the balance of Pin's Investment in Sit account on January 1,2013,
before the additional issuance.
3.Determine Pin's percentage interest in Sit on January 1,2013,immediately
after the additional stock issuance.
4.Prepare a journal entry on Pin's books to adjust for the additional share
issuance on January 1,2013.
5.Assuming that Pin Corporation purchased 960,000 shares of Sit Corporation's
common stock for $21,200,000 on January 1,2011,when Sit had stockholder'
equities were $24,000,000,but the 20% noncontrolling interest was measured at
the proportionate share of the identifiable net assets of subsidiary.Please
re-answer the required 1~4.
三、(33分)Pug Corporation acquired a 70% interest in Sat Corporation for
$238,000 on January 2,2010,when Sat's equity consisted of $200,000 capital
stock and $50,000 retained 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 January 2,2010 $238,000
Income from Sat[($40,000-$9,000)]×70% 21,700
Dividends from Sat($20,000×70%) _(14,000)_
Investment balance December 31,2010 =$245,700=
On January 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
Seperate 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 December 31,2011.
(3)In 2011,Prepare the working paper entries for Pug Corporation and Subsidiary
for the year ended December 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 shares.
(3)Compute the amount of Pug's income from Sat for 2011.
(4)Compute the amount of the balance in Pug's Investment in Sat account at
December 31,2011.
四、(17分)
Pet Corporation owns 90 percent of the stock of Man Corporation and 70 percent
of the stock of Nun Corporation.Man owns 70 percent of the stock of Oak
Corporation and 20 percent of the stock of Nun Corporation.Nun Corporation owns
20 percent of the stock of Oak Corporation.
Seperate incomes for the year ended December 31,2011,are as follows:
Pet $65,000
Man 18,000
Nun 28,000
Oak 9,000
During 2011,Man sold land to Nun at a profit of $4,000.Oak sold inventory items
to Pet at a profit of $8,000,half of which remains in Pet's inventory.Pet
purchased for $15,000 Nun's bonds,which had a book value of $17,000 on December
31,2011.
Required:Prepare a schedule to compute controlling share of consolidated net
incomes and noncontrolling interest share for 2011.