中级财务会计英计算题Word文档下载推荐.docx

中级财务会计英计算题Word文档下载推荐.docx

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buildingsandequipment（50,000）Commonstock65,000

Patents20,000Retainedearnings60,000

$195,000$195,000

StatementofCashFlows

FortheYearEndedDecember31,2010

Cashflowsfromoperatingactivities

Netincome$50,000

Adjustmentstoreconcilenetincometonetcash

providedbyoperatingactivities:

Increaseinaccountsreceivable$（16,000）

Increaseinaccountspayable8,000

Depreciation—buildingsandequipment15,000

Gainonsaleofequipment（6,000）

Amortizationofpatents2,0003,000

Netcashprovidedbyoperatingactivities53,000

Cashflowsfrominvestingactivities

Saleofequipment12,000

Purchaseofland（25,000）

Purchaseofbuildingsandequipment（48,000）

Netcashusedbyinvestingactivities（61,000）

Cashflowsfromfinancingactivities

Paymentofcashdividend（15,000）

Saleofbonds40,000

Netcashprovidedbyfinancingactivities25,000

Netincreaseincash17,000

Cash,January1,201023,000

Cash,December31,2010$40,000

Atthebeginningof2010,AccountsPayableamountedto$12,000andBondsPayablewas$10,000.

Instructions

CalculatethefollowingforHiltonCompany:

a.Currentcashdebtcoverageratio

b.Cashdebtcoverageratio

c.Freecashflow

Solution5-116

Netcashprovidedbyoperatingactivities

a.Currentcashdebtcoverageratio=——————————————————

Averagecurrentliabilities

$53,000$53,000

=———————————=————=3.3:

1

（$12,000+$20,000）÷

2$16,000

b.Cashdebtcoverageratio=——————————————————

Averagetotalliabilities

=———————————=————=1.2:

（$22,000+$70,000）÷

2$46,000

c.Freecashflow=Netcashprovidedbyoperatingactivities–

capitalexpendituresanddividends

=$53,000–*$73,000–$15,000=$（35,000）

*$25,000+$48,000

Pr.5-118—Balancesheetpresentation.

ThefollowingbalancesheetwaspreparedbythebookkeeperforKrausCompanyasofDecember31,2010.

KrausCompany

asofDecember31,2010

Cash$80,000Accountspayable$75,000

Accountsreceivable（net）52,200Long-termliabilities100,000

Inventories57,000Stockholders'

equity218,500

Investments76,300

Equipment（net）96,000

Patents32,000

$393,500$393,500

Thefollowingadditionalinformationisprovided:

1.Cashincludesthecashsurrendervalueofalifeinsurancepolicy$9,400,andabankoverdraftof$2,500hasbeendeducted.

2.Thenetaccountsreceivablebalanceincludes:

（a）accountsreceivable—debitbalances$60,000;

（b）accountsreceivable—creditbalances$4,000;

（c）allowancefordoubtfulaccounts$3,800.

3.Inventoriesdonotincludegoodscosting$3,000shippedoutonconsignment.Receivablesof$3,000wererecordedonthesegoods.

4.Investmentsincludeinvestmentsincommonstock,trading$19,000andavailable-for-sale$48,300,andfranchises$9,000.

5.Equipmentcosting$5,000withaccumulateddepreciation$4,000isnolongerusedandisheldforsale.Accumulateddepreciationontheotherequipmentis$40,000.

Prepareabalancesheetingoodform（stockholders'

equitydetailscanbeomitted.）

Solution5-118

AsofDecember31,2010

Assets

Currentassets

Cash$73,100

（1）

Tradingsecurities19,000

Accountsreceivable$57,000

（2）

Less:

Allowancefordoubtfulaccounts3,80053,200

Inventories60,000（3）

*Equipmentheldforsale1,000（4）

Totalcurrentassets206,300

Investments

Available-for-salesecurities48,300

Cashsurrendervalue9,40057,700

Property,plant,andequipment

Equipment135,000（5）

Lessaccumulateddepreciation40,00095,000

Intangibleassets

Patents32,000

Franchises9,00041,000

Totalassets$400,000

LiabilitiesandStockholders'

Equity

Currentliabilities

Accountspayable$79,000（6）

Bankoverdraft2,500

Totalcurrentliabilities81,500

Long-termliabilities100,000

Totalliabilities181,500

Stockholders'

equity218,500

Totalliabilitiesandstockholders'

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+$4,000）

（6）（$75,000+$4,000）

*Analternativeistoshowitasanotherasset.

Pr.5-119—Balancesheetpresentation.

GiventhefollowingaccountinformationforLeongCorporation,prepareabalancesheetinreportformforthecompanyasofDecember31,2010.Allac