南开17秋学期《会计专业英语》在线作业资料
17秋学期《会计专业英语》在线作业一、单选题:【20道,总分:40分】
1.Using accrual accounting, expenses are recorded and reported only( ) (满分:2)
A. when they are incurred, whether or not cash is paid
B. when they are incurred and paid at the same time
C. if they are paid before they are incurred
D. if they are paid after they are incurred
2.A capital expenditure results in a debit to ( ) (满分:2)
A. an expense account
B. a capital account
C. a liability account
D. an asset account
3.Current liabilities are( ) (满分:2)
A. due, but not receivable for more than one year
B. due, but not payable for more than one year
C. due and receivable within one year
D. due and payable within one year
4.Merchandise inventory at the end of the year was understated.Which of the following statements correctly states the effect of the error? (满分:2)
A. net income is understated
B. net income is overstated
C. cost of merchandise sold is understated
D. merchandise inventory reported on the balance sheet is overstated
5.The primary purpose of a stock split is to ( ) (满分:2)
A. increase paid-in capital
B. reduce the market price of the stock per share
C. increase the market price of the stock per share
D. increase retained earnings
6.A characteristic of a fixed asset is that it is ( ) (满分:2)
A. intangible
B. used in the operations of a business
C. held for sale in the ordinary course of the business
D. none of the above
7.Which of the following financial statements reports information as of a specific date? (满分:2)
A. income statement
B. statement of owner's equity
C. statement of cash flows
D. balance sheet
8.Which of the following should not be considered cash by an accountant? (满分:2)
A. coins
B. bank checking accounts
C. postage stamps
D. Petty cash funds
9.The two most common specialized fields of accounting in practice are( ) (满分:2)
A. forensic accounting and financial accounting
B. managerial accounting and financial accounting
C. managerial accounting and environmental accounting
D. financial accounting and tax accounting systems
10.All of the following below are needed for the calculation of depreciation except( ) (满分:2)
A. cost
B. residual value
C. estimated life
D. book value
11.Under which method of cost flows is the inventory assumed to be composed of the most recent costs? (满分:2)
A. average cost
B. last-in, first-out
C. first-in, first-out
D. weighted average
12.For accounting purposes, the business entity should be considered separate from its owners if the entity is( ) (满分:2)
A. a corporation
B. a proprietorship
C. a partnership
D. all of the above
13.A bank reconciliation should be prepared periodically because ( ) (满分:2)
A. the depositor's records and the bank's records are in agreement
B. the bank has not recorded all of its transactions
C. any differences between the depositor's records and the bank's records should be determined, and any errors made by either party should be
14.When the market rate of interest on bonds is higher than the contract rate, the bonds will sell at ( ) (满分:2)
A. a premium
B. their face value
C. their maturity value
D. a discount
15.The excess of issue price over par of common stock is termed a(n) ( ) (满分:2)
A. discount
B. income
C. deficit
D. premium
16.When the corporation issuing the bonds has the right to repurchase the bonds prior to the maturity date for a specific price, the bonds are (满分:2)
A. convertible bonds
B. unsecured bonds
C. debenture bonds
D. callable bonds
17.The liability for a dividend is recorded on which of the following dates? (满分:2)
A. the date of record
B. the date of payment
C. the date of announcement
D. the date of declaration
18.Accumulated Depreciation( ) (满分:2)
A. is used to show the amount of cost expiration of intangibles
B. is the same as Depreciation Expense
C. is a contra asset account
D. is used to show the amount of cost expiration of natural resources
19.When the perpetual inventory system is used, the inventory sold is debited to( ) (满分:2)
A. supplies expense
B. cost of merchandise sold
C. merchandise inventory
D. sales
20.Which of the following is not included in the computation of the quick ratio? (满分:2)
A. inventory
B. marketable securities
C. accounts receivable
D. cash
二、判断题:【30道,总分:60分】
1.Overall objective of financial reporting is to provide financial information useful to internal users in making economic decisions. (满分:2)
A. 错误
B. 正确
2.The prices of bonds are quoted as a percentage of the bonds' market value. (满分:2)
A. 错误
B. 正确
3.In establishing a petty cash fund, a check is written for the amount of the fund and is recorded as a debit to Accounts Payable and a credit to Petty Cash. (满分:2)
A. 错误
B. 正确
4.During inflationary periods, the use of the LIFO method of costing inventory will result in a greater amount of net income than would result from the use of the FIFO method. (满分:2)
A. 错误
B. 正确
5.The accrual basis of accounting requires revenue be recorded when cash is received from customers. (满分:2)
A. 错误
B. 正确
6.Revenue accounts are increased by credits. (满分:2)
A. 错误
B. 正确
7.Intangible assets differ from property, plant and equipment assets in that they lack physical substance. (满分:2)
A. 错误
B. 正确
8.If ending inventory for the year is understated, net income for the year is overstated. (满分:2)
A. 错误
B. 正确
9.The main reason that the bank statement cash balance and the depositor's cash balance do not initially balance is due to timing differences. (满分:2)
A. 错误
B. 正确
10.An income statement is a summary of the revenues and expenses of a business as of a specific date. (满分:2)
A. 错误
B. 正确
11.The increase side of all accounts is the normal balance. (满分:2)
A. 错误
B. 正确
12.The statement of cash flows consists of an operating section, an income section, and an equity section. (满分:2)
A. 错误
B. 正确
13.Information is material if its omission or misstatement could influence the economic decisions of users. (满分:2)
A. 错误
B. 正确
14.The relationship of each asset item as a percent of total assets is an example of vertical analysis. (满分:2)
A. 错误
B. 正确
15.The two main sources of stockholders' equity are investments contributed by stockholders and net income retained in the business. (满分:2)
A. 错误
B. 正确
16.If the liabilities owed by a business total $500,000, then the assets also total $500,000. (满分:2)
A. 错误
B. 正确
17.Consuming goods and services in the process of generating revenues results in expenses. (满分:2)
A. 错误
B. 正确
18.Merchandising businesses sell products that they purchase from other businesses to customers. (满分:2)
A. 错误
B. 正确
19.The declaration and issuance of a stock dividend does not affect the total amount of a corporation's assets, liabilities, or stockholders' equity. (满分:2)
A. 错误
B. 正确
20.The matching concept requires expenses be recorded in the same period that the related revenue is recorded. (满分:2)
A. 错误
B. 正确
21.Bondholders are creditors of the issuing corporation. (满分:2)
A. 错误
B. 正确
22.When a stock dividend is declared, it becomes a liability (满分:2)
A. 错误
B. 正确
23.Cash equivalents are short -term investments that will be converted to cash within 120 days. (满分:2)
A. 错误
B. 正确
24.In preparing bank reconciliation, the amount of outstanding checks is added to the balance per bank statement. (满分:2)
A. 错误
B. 正确
25.If bonds are sold for a discount, the carrying value of the bonds is equal to the face value less the unamortized discount. (满分:2)
A. 错误
B. 正确
26.For strong internal control system over cash, it is important to have the duties related to cash receipts and cash payments divided among different employees. (满分:2)
A. 错误
B. 正确
27.The effect of a sales return and allowance is a reduction in sales revenue and a decrease in cash or accounts receivable. (满分:2)
A. 错误
B. 正确
28.Treasury Stock is listed in the stockholders' equity section on the balance sheet. (满分:2)
A. 错误
B. 正确
29.Prepaid expenses are an example of an expense. (满分:2)
A. 错误
B. 正确
30.The book value of a fixed asset reported on the balance sheet represents its market value on that date. (满分:2)
A. 错误
B. 正确
页:
[1]