五、英文附加题（本题型共1题，共10分，答案中的金额单位以元表示，有小数的，保留两位小数，两位小数后四舍五入。用英文在答题卷上解答，答在试题卷上无效）。
Company A is a listed company located in P. R. China. On January 1,20×4,Company A signed two share-based payment arrangements as follow:
A.The company granted 100 cash share appreciation rights (SARs) to each of its 300 senior management employees, conditional upon the employees remaining in the company’s employ for the next three years. The cash share appreciation rights provided the employees with the right to receive, at the date the rights were exercised, cash equal to the appreciation in the company’s share price since the grant date. On Dece,ber 31,20×6,all SARs held by the remaining employees vested. They could be exercised during 20×7 and 20×8. The fair value and the intrinsic value(Which equals the cash paid out) of SARs are shown below.
| Fair value | Intrinsic value | |
| January1,20×4 | 18 | |
| December 31,20×4 | 22 | |
| December 31,20×5 | 21 | |
| December 31,20×6 | 18 | |
| December 31,20×7 | 23 | 20 |
| December 31,20×8 | 25 | 24 |
Management estimated, on the grant date, that 20% of the employees would leave evenly during the three-year period. During 20×4,22 employees left the company and management predicted the same level of departure for the next two years. During 20×5,20 employees left and management estimated that a further 15 employees would leave during year 3.Only 10 employees left during 20×6. At the end of 20×7,110 employees exercised their SARs, another 138 employees exercised their SARs on December 12,20×8.
Answer:
| Year | Calculation of Liability | Calculation of cash payment | Liability | Cash payment | Expense of current period |
| 20x4 | (300-22×3)×100×22×1/3 | 171,600 | 171,600 | ||
| 20x5 | (300-22-20-15)×100×21×2/3 | 340,200 | 168,600 | ||
| 20x6 | (300-22-20-10)×100×18 | 446,400 | 106,200 | ||
| 20x7 | (300-52-110)×100×23 | 110×100×20 | 317,400 | 220,000 | 91,000 |
| 20x8 | 0 | 138×100×24 | 0 | 331,200 | 13,800 |
Journal entries:
1. December 31, 20X4
Dr: Administrative expense 171,600
Cr: Wages payable 171,600
（300－22×3）×100×22×1/3=171,600
2. December 31, 20X5
Dr: Administrative expense 168,600
Cr: Wages payable 168,600
（300－22-20-15）×100×21×2/3－171,600=168,600
3. December 31, 20X6
Dr: Administrative expense 106,200
Cr: Wages payable 106,200
(300－22-20-10）×100×18－171,600－168,600=106,200
4. December 31, 20X7
Dr: Gains and losses on changes of fair value 91,000
Cr: Wages payable 91,000
（300－22－20－10－110）×100×23－(446,400－220,000)=91,000
Dr: Wages payable 220,000
Cr: Cash 220,000
110×100×20=220,000
5. December 31, 20X8
Dr: Gains and losses on changes of fair value 13,800
Cr: Wages payable 13,800
0－(317,400－331,200)=13,800
Dr: Wages payable 331,200
Cr: Cash 331,200
138×100×24=331,200
2008年度注册会计师(CPA)考试《会计》真题及参考答案
2008年注册会计师考试真题综合讨论区 
注册会计师考试制度改革引发多方热议
注会考试新方案增设高级阶段考试引质疑
2009年开始注册会计师考试科目将调整
注册会计师考试制度改革新方案四大变化
