威廉斯科特《财务会计理论》习题答案.pdfVIP

Accounting Theory and Contemporary Issues [AT1] Module 1 self-test Question 1 Chapter 2, Question 1, page 42 Question 2 Chapter 2, Question 2, page 42 Question 3 Chapter 2, Question 3, page 42 Question 4 Chapter 2, Question 4, page 42 Question 5 Chapter 2, Question 7, page 42 Question 6 Chapter 2, Question 8, page 42 Question 7 Chapter 2, Question 10, page 42 Question 8 K Ltd. has a market value of $800 on December 31, 20X7. The company operates under ideal conditions of uncertainty, with known, constant interest rate of 5%. For 20X8, its revenue is expected to be either $150 or $50, each with (objective) state probability of 0.5, and its amortization expense is expected to be $60. If in 20X8 its revenue turns out to be $150 a. How much are its abnormal earnings for the year? b. What is K Ltd.’s market value at the end of 20X8, assuming that it pays no dividends? Question 9 Chapter 2, Question 11, page 42 Question 10 Chapter 2, Question 12, page 43 1 of 9 Accounting Theory and Contemporary Issues [AT1] Question 11 Chapter 2, Question 19, pages 45-46 Self-test solutions Question 1 P.V. LTD. Income Statement for Year 2 Sales (cash received) $100.00 Interest at 10% on opening cash balance of $100 10.00 $110.00 Amortization expense: $90.91 – 0 90.91 Net income $19.09 P.V. LTD. Balance Sheet