会计英语课后习题参考答案

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Chapter 4

1. (a) second-year depreciation = (114,000 – 5,700) / 5 = 21,660;

(b) second-year depreciation = 8,600 * (114,000 – 5,700) / 36,100 = 25,800; (c) first-year depreciation = 114,000 * 40% = 45,600

second-year depreciation = (114,000 – 45,600) * 40% = 27,360; (d) second-year depreciation = (114,000 – 5,700) * 4/15 = 28,880.

2. (a) weighted-average accumulated expenditures (2008) = 75,000 * 12/12 + 84,000 * 9/12 + 180,000 * 8/12 + 300,000 * 7/12 + 100,000 * 6/12 = 483,000

(b) interest capitalized during 2008 = 60,000 * 12% + ( 483,000 – 60,000) * 10% =49,500

3. (1) depreciation expense = 30,000

(2) book value = 600,000 – 30,000 * 2=540,000

(3) depreciation expense = ( 600,000 – 30,000 * 8)/16 =22,500 (4) book value = 600,000 – 30,000 * 8 – 22,500 = 337,500

4. Situation 1:

Jan 1st, 2008 Investment in M 260,000 Cash 260,000 June 30 Cash 6000 Dividend revenue 6000 Situation 2:

January 1, 2008 Investment in S 81,000 Cash 81,000 June 15 Cash 10,800 Investment in S 10,800 December 31 Investment in S 25,500 Investment Revenue 25,500

5. a. December 31, 2008 Investment in K 1,200,000 Cash 1,200,000 June 30, 2009 Dividend Receivable 42,500 Dividend Revenue 42,500 December 31, 2009 Cash 42,500 Dividend Receivable 42,500

b. December 31, 2008 Investment in K 1,200,000 Cash 1,200,000 December 31, 2009 Cash 42,500 Investment in K 42,500 Investment in K 146,000 Investment revenue 146,000 c. In a, the investment amount is 1,200,000 net income reposed is 42,500 In b, the investment amount is 1,303,500 Net income reposed is 146,000

Chapter 5

a. June 1: Dr: Inventory 198,000

Cr: Accounts Payable 198,000 June 11: Dr: Accounts Payable 198,000

Cr: Notes Payable 198,000 June 12: Dr: Cash 300,000

Cr: Notes Payable 300,000 b. Dr: Interest Expenses (for notes on June 11) Cr: Interest Payable Dr: Interest Expenses (for notes on June 12) Cr: Interest Payable c. Balance sheet presentation:

Notes Payable Accrued Interest on Notes Payable d. For Green:

Dr: Notes Payable Interest Payable Interest Expense Cr: Cash For Western:

Dr: Notes Payable Interest Payable Interest Expense Cr: Cash 2. (1) 208 Deferred income tax is a liability Income tax payable 209 Deferred income tax is an asset Income tax payable (2) 208: Dr: Tax expense Cr: Income tax payable Deferred income tax 209: Dr: Tax expense Deferred income tax Cr: Income tax payable (3) 208: Income statement: tax expense Balance sheet: income tax payable 209: Income statement: tax expense Balance sheet: income tax payable 3.

a. 1,560,000 (20000000*12 %* (1-35%))

b. 7.8% (20000000*12 %* (1-35%)/20000000)

12,100 12,100 8,175 8,175 498,000 20,275 198,000 12,100 7,700

217,800 300,000 8,175 18,825

327,000 2,400 21,600 600 26,100 24,000

21,600 2,400

25,500 600

26,100 24,000 21,600

25,500 26,100 4. maturity value number of interest periods 40 10 10 stated rate per effective interest payment present interest-period rate per amount value of interest-period per period bonds at date of issue 3.75% 10% 0% 3% 12% 12% $0.375 2 0 $11.73 17.74 8.05 1 2 3 $10 20 25 5.

Notes Payable 14,400 Interest Payable 1,296 Accounts Payable 60,000 +Unearned Rent Revenue 7,200 Current Liabilities 82,896

Chapter 6

1. Mar. 1

Cash 1,200,000

Common Stock 1,000,000 Paid-in Capital in Excess of Par Value 200,000 Mar. 15

Organization Expense 50,000

Common Stock 50,000 Mar. 23

Patent 120,000

Common Stock 100,000 Paid-in Capital in Excess of Par Value 20,000

The value of the patent is not easily determinable, so use the issue price of $12 per share on March 1 which is the issuing price of common stock.

2. July.1

Treasury Stock 180,000