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Accountancy Class Test Questions

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This examination paper must be returned. Candidates are not permitted to remove this paper from the examination room.

STUDENT NUMBER…………………………

STUDENT'S NAME..................................................……………………………………..……..……......

First name

Last name

SIGNATURE………………………………………………………………………………

MACQUARIE UNIVERSITY
Semester 2, 2010 IN-CLASS TEST NO 2

Unit:

ACCG308 CORPORATE ACCOUNTING AND REPORTING

Time allowed: Total number of questions: Instructions:

45 minutes ONE

This is a closed book examination. You are not permitted to access any books, notes or other written materials. Silent calculators, nonprogrammable are allowed. Questions must be answered on the examination paper. Answer all parts of all questions.

(Office Use …show more content…

00 22 000 ______ 32 000 26 600 ______ 58 600 27 000 31 600 90 000 121 600 50 000 12 000 30 000 ______ 213 600 45 000 70 000 – 98 600 ______ 213 600

82 000 176 000 36 000 93 000 ______ ______ 46 000 83 000 6 000 23 000 34 000 ______ 18 000 38 000 56 000 ______ 50 000 64 600

146 000 30 000 69 000 77 000

10 500 6 000 850

3 7 2 7 9 1 2 8 9 3

6 500 6 000 1 500 49 350 34 150

Net profit Opening retained profits

3 600

30 550

21 000 500 9 000

Profit available less Dividends Retained profits Capital Owners' equity Loan from Carter Other liabilities Accum depreciation
Accum goodwill impairment Total equities + liabilities

______ ______ 56 000 114 600 15 000 42 000 41 000 72 600 50 000 140 000 91 000 212 600 – 25 000 28 000 50 000 37 000 58 000

35 000

1

1 500 35 600 69 750 10 500 31 500 38 250 105 000 143 250 – 37 000 18 000 73 000 1 350 1 350 254 600

8 700 26 900 12 300 57 450 4 500 27 000 7 800 30 450 15 000 90 000 22 800 120 450

50 000

6 8 9 2

3 000 ______ ______ 144 000 357 600 26 000 – 50 000 71 000 70 000 50 000

Inventory Investment in Sub Loan to Howard
Consolidation goodwill Other assets

5 1 6 1 8

6 000 65 000 70 000 – 50 000 – 14 000 175 600 ______ ______ 194 850 254 600

Total assets

14 000 68 000 166 600 9 000 ______ ______ ______ 144 000 357 600 194 850

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