2020 财务报告（ACCA F7）(华东交通大学) 最新满分章节测试答案

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本课程起止时间为:2020-02-17到2020-06-13
本篇答案更新状态:已完结

【作业】第十八章 每股盈余 第2题

1、 问题:SW’s basic EPS for the year is 30 cents, based on earnings of $3 million and a weighted average number of ordinary shares of 10 million. SW is subject to corporate income tax at a rate of 25%.SW has a convertible instrument that has been in issue throughout the entire financial year. The liability component at the start of the year was $5 million and is being measured at amortised cost using the effective rate of 6%. Conversion of the instrument would result in an additional 1.2 million ordinary shares being issued.Calculate the diluted EPS of SW for the year.
评分规则: 【 DEPS的计算
】

【作业】第十八章 每股盈余 第1题

1、 问题:At 1 May 20X3, Dustin had 600 million $1 ordinary shares in issue. It made arights issue of 1 new ordinary share for every 5 held at $3.50 on 1 September 20X3. Its profit before tax for the year was $600m and the income tax expense for the year was $150m.The share price immediately before the rights issue was $4.00.Dustin’s EPS for the year ended 30 April 20X3 was 45c.Required:(1)Calculate the basic EPS for the year ended 30 April 20X4. Give youranswer in cents.(2) Calculate the comparative basic EPS that would be presented in the financial statements for the year ended 30 April 20X4. Give your answer in cents.
评分规则: 【 第（1）问
第（2）问
】

第十八章 每股盈余 第十八章测试

1、 问题:Barwell Co had 10 million ordinary shares in issue throughout the year ended 30 June 20X3. On 1 July 20X2 it had issued $2 million of 6% convertible loan stock, each $5 of loan stock convertible into 4 ordinary shares on 1 July 20X6 at the option of the holder.Barwell Co had profit after tax for the year ended 30 June 20X3 of $1,850,000. It pays tax on profits at 30%.What was diluted earnings per share for the year?
选项：
A:$0.167
B:$0.185
C:$0.161
D:$0.17
答案: 【$0.167】

2、 问题:Aqua Co has correctly calculated its basic earnings per share (EPS) for the current year.Which of the following items need to be additionally considered when calculating the diluted EPS of Aqua Co for the year?(i)A1 for 5 rights issue of equity shares during the year at $1.20 when the market price of the equity shares was $2.00(ii)The issue during the year of a convertible (to equity shares) loan note(iii)The granting during the year of directors’ share options exercisable in three years’ time(iv)Equity shares issued during the year as the purchase consideration for the acquisition of a new subsidiary company
选项：
A:All four
B:(i) and (ii) only
C:(ii) and (iii) only
D:(iii) and (iv) only
答案: 【(ii) and (iii) only】

3、 问题:Many commentators believe that the trend of earnings per share (EPS) is a more reliable indicator of underlying performance than the trend of net profit for the year.Which of the following statements supports this view?
选项：
A:Net profit can be manipulated by the choice of accounting policies but EPS cannot be manipulated in this way
B:EPS takes into account the additional resources made available to earn profit when new shares are issued for cash, whereas net profit does not
C:The disclosure of a diluted EPS figure is a forecast of the future trend of profit
D:The comparative EPS is restated where a change of accounting policy affects the previous year’s profits
答案: 【EPS takes into account the additional resources made available to earn profit when new shares are issued for cash, whereas net profit does not】

4、 问题:At 1 January 20X8 Artichoke Co had 5 million $1 equity shares in issue. On 1 June 20X8 it made a 1 for 5 rights issue at a price of $1.50. The market price of the shares on the last day of quotation with rights was $1.80.Total earnings for the year ended 31 December 20X8 was $7.6 million.What was the earnings per share for the year?
选项：
A:$1.35
B:$1.36
C:$1.27
D:$1.06
答案: 【$1.35】

5、 问题:Waffle Co had share capital of $7.5 million in 50c equity shares at 1 October 20X6. On 1 January 20X7 it made an issue of 4 million shares at full market price immediately followed by a 1 for 3 bonus issue.The financial statements at 30 September 20X7 showed profit for the year of $12 million.What was the earnings per share for the year?
选项：
A:$0.50
B:$0.49
C:$0.51
D:$0.52
答案: 【$0.50】

6、 问题:Plumstead Co had 4 million equity shares in issue throughout the year ended 31 March 20X7. On 30 September 20X7 it made a 1 for 4 bonus issue. Profit after tax for the year ended 31 March 20X8 was $3.6 million, out of which an equity dividend of 20c per share was paid. The financial statements for the year ended 31 March 20X7 showed earnings per share (EPS) of $0.70.What is the EPS for the year ended 31 March 20X8 and the restated EPS for the year ended 31 March 20X7?
选项：
A:$0.72 and $0.56
B:$0.56 and $0.72
C:$0.72 and $0.72
D:$0.56 and $0.56
答案: 【$0.72 and $0.56】

【作业】第十二章 金融工具 第三题

1、 问题:1. LP issue $10 million 6% convertible bonds on 1 Jan. 2013 at their par value. The bonds are redeemable at par on 31 Dec. 2017 or can be converted at that date on the basis of two $1 equity shares for every $10 of nominal value of bonds held. The prevailing market interest rate for similar bonds without conversion rights is 8%.The equity component recognized at initial recognition of the convertible bonds was correctly recorded at a value of $794,200.Required：Calculate the carrying value of the liability component that would be reflected in LP’s statement of financial position at 31 Dec. 2013.
评分规则: 【 可转换债券负债部分的价值为债券未来现金流量的折现值
】

【作业】第十二章 金融工具 第一题

1、 问题:1. On December 1,2017, AA company purchased 50,000 shares of B company for trading purpose. The purchase price was $16 per share, and the related transaction costs were $4,000.On Dec 31th B’s share price was $16.4 per share. Required:(1) Explain initial recognition.(2) Explain subsequent treatment.
评分规则: 【 (1) 说明清楚初始成本为￥800，000得5分；初始交易成本￥4000应该计入损益，不计入金融资产成本，得5分(2) 计算出期末公允价值得6分，计算出公允价值变动损益￥20，000得4分
】

【作业】第十二章 金融工具 第二题

1、 问题:1. On January 1,2019, LL company bought a $80,000 debentures for $84,000 , and the business model is to hold the debentures until maturity. The coupon rate is 12% , Interest is received annually in arrears. The effective rate of interest is 10.66%.Required: Prepare the extracts to the financial statements for the year ended 31 December 2019 and 2020. (The result should be rounded). (workings are required)
评分规则: 【 关键在于amortised cost table 要会编制
】

第十二章 金融工具 第十二章测试

1、 问题:A 5% loan note was issued on 1 April 20X0 at its face value of $20 million. Direct costs of the issue were $500,000. The loan note will be redeemed on 31 March 20X3 at a substantial premium. The effective interest rate applicable is 10% per annum.At what amount will the loan note appear in the statement of financial position as at 31 March 20X2?
选项：
A:$21,000,000
B:$20,450,000
C:$22,100,000
D:$21,495,000
答案: 【$21,495,000】

2、 问题:An 8% $30 million convertible loan note was issued on 1 April 20X5 at par. Interest is payable in arrears on 31 March each year. The loan note is redeemable at par on 31 March 20X8 or convertible into equity shares at the option of the loan note holders on the basis of 30 shares for each $100 of loan. A similar instrument without the conversion option would have an interest rate of 10% per annum.The present values of $1 receivable at the end of each year based on discount rates of 8% and 10% are:End of year 8% 10% 1 0.93 0.91 2 0.86 0.83 3 0.79 0.75Cumulative 2.58 2.49What amount will be credited to equity on 1 April 20X5 in respect of this financial instrument?
选项：
A:$5,976,000
B:$1,524,000
C:$324,000
D:$9,000,000
答案: 【$1,524,000】

3、 问题:On 1 January 20X1 Penfold Co purchased a debt instrument for its fair value of $500,000. It had a principal amount of $550,000 and was due to mature in five years. The debt instrument carries fixed interest of 6% paid annually in arrears and has an effective interest rate of 8%. It is held at amortised cost.At what amount will the debt instrument be shown in the statement of financial position of Penfold Co as at 31 December 20X2？
选项：
A:$514,560
B:$566,000
C:$564,560
D:$520,800
答案: 【$514,560】

4、 问题:Which of the following are NOT classified as financial instruments under IAS 32 Financial Instruments: Presentation？
选项：
A:Share options
B:Intangible assets
C:Trade receivables
D:Redeemable preference shares
答案: 【Intangible assets】

5、 问题:On 1 January 20X8 Zeeper Ltd purchased 40,000 $1 listed equity shares at a price of $3 per share. An irrevocable election was made to recognise the shares at fair value through other comprehensive income. Transaction costs were $3,000. At the year end of 31 December 20X8 the shares were trading at $6 per share.What amount in respect of these shares will be shown under ‘investments in equity instruments’ in the statement of financial position of Zeeper Ltd as at 31 December 20X8?
选项：
A:$240,000
B:$180,000
C:$300,000
D:$90,000
答案: 【$240,000】

【作业】第十三章 租赁 lease 第二题

1、 问题:Company A signed a lease agreement with company B in December 2018 to lease a fixed asset for management. Fixed assets reach the expected serviceable condition in the next month. According to the contract, from January 1, 2019, A company shall pay $10 million at the beginning of each year, with a lease term of 4 years. We assume that B company regarded it as a finance lease. The asset has a carrying amount of $3,000 at the date of inception of the lease agreement. B company has guaranteed that the asset will have a market value at the end of the lease term of $200. The interest rate implicit in the lease is 10%. Required：What journals are posted to record this transaction of B company on 31 December 2019 and 2020?
评分规则: 【 interest income的摊销计算很重要
】

【作业】第十三章 租赁 lease 第一题

1、 问题:Company A signed a lease agreement with company B in December 2018 to lease a fixed asset for management.Fixed assets reach the expected serviceable condition in the next month. According to the contract, from January 1, 2019, A company shall pay $1,000 at the beginning of each year, with a lease term of 4 years. Because the implicit interest rate of the lease is not easy to be determined, the annual interest rate of the incremental loan of lessee a company is 10%. A Company is expected to consume the future economic benefits of the right-to-use assets averagely during the lease term, so it adopts the straight-line method to depreciate the right to use assets.Required:Please prepare accounting entries for A company for the year ended 31 December 2019 and 2020 .
评分规则: 【 关键是finance cost的摊销计算
】

第十四章 预计负债与资产负债表日后事项 第十四章测试