南开17秋学期（1709）《会计专业英语》在线作业参考
17秋学期（1709）《会计专业英语》在线作业一、单选题:【20道,总分:40分】
1.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
正确答案:——A——
2.Notes may be issued ( ) (满分:2)
A. when assets are purchased
B. to creditor's to temporarily satisfy an account payable created earlier
C. when borrowing money
D. all of the above
正确答案:——D——
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
正确答案:——D——
4.Cash equivalents( ) (满分:2)
A. are illegal in some company
B. will be converted to cash within two years
C. will be converted to cash within 90 days
D. will be converted to cash within 120 days
正确答案:————
5.Characteristics of a corporation include ( ) (满分:2)
A. shareholders who are mutual agents
B. direct management by the shareholders(owners)
C. its inability to own property
D. shareholders who have limited liability
正确答案:————
6.Financial statements in which financial data for two or more companies are combined as a single entity are called (满分:2)
A. conventional statements
B. consolidated statements
C. audited statements
D. constitutional statements
正确答案:————
7.Which of the following groups of accounts have a normal debit balance? (满分:2)
A. revenues, liabilities, capital
B. capital, assets
C. liabilities, expenses
D. assets, expenses
正确答案:————
8.On the balance sheet, the amount shown for the Allowance for Doubtful Accounts is equal to the ( ) (满分:2)
A. Uncollectible accounts expense for the year
B. total of the accounts receivables written-off during the year
C. total estimated uncollectible accounts as of the end of the year
D. sum of all accounts that are past due.
正确答案:————
9.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
正确答案:————
10.The debt created by a business when it makes a purchase on account is referred to as an (满分:2)
A. account payable
B. account receivable
C. asset
D. expense payable
正确答案:————
11.Expenses are reported on the( ) (满分:2)
A. income statement
B. statement of owner's equity
C. statement of cash flows
D. balance sheet
正确答案:————
12.The inventory method that assigns the most recent costs to cost of good sold is (满分:2)
A. FIFO
B. LIFO
C. average
D. specific identification
正确答案:————
13.What is the type of account and normal balance of Allowance for Doubtful Accounts? (满分:2)
A. Contra asset, credit
B. Asset, debit
C. Asset, credit
D. Contra asset, debit
正确答案:————
14.The measurement bases exclude( ) (满分:2)
A. Historical cost
B. Current cost
C. Sale price
D. Present value
正确答案:————
15.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
正确答案:————
16.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
正确答案:————
17.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
正确答案:————
18.The term "inventory" indicates ( ) (满分:2)
A. merchandise held for sale in the normal course of business
B. materials in the process of production or held for production
C. supplies
D. both A and B
正确答案:————
19.Sinking Fund Cash would be classified on the balance sheet as ( ) (满分:2)
A. a current asset
B. a fixed asset
C. an intangible asset
D. an investment
正确答案:————
20.Revenue should be recognized when( ) (满分:2)
A. cash is received
B. the service is performed
C. the customer places an order
D. the customer charges an order
正确答案:————
二、判断题:【30道,总分:60分】
1.The declaration of a stock dividend decreases a corporation's stockholders' equity and increases its liabilities. (满分:2)
A. 错误
B. 正确
2.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
3.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
4.The balance of the allowance for doubtful accounts is added to accounts receivable on the balance sheet. (满分:2)
A. 错误
B. 正确
5.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
6.Solvency analysis focuses on the ability of a business to pay its current and noncurrent liabilities. (满分:2)
A. 错误
B. 正确
7.Managerial accounting is primarily concerned with the recording and reporting of economic data and activities of an entity for use by owners, creditors, governmental agencies, and the public. (满分:2)
A. 错误
B. 正确
8.Amortization is the allocation process of writing off bond premiums and discounts to interest expense over the life of the bond issue. (满分:2)
A. 错误
B. 正确
9.Recognition is the process of incorporating in the balance sheet or income statement an item that meet the definition of an element and satisfies the recognition criteria. (满分:2)
A. 错误
B. 正确
10.Any difference between the fair market values of the securities and their cost is a realized gain or loss. (满分:2)
A. 错误
B. 正确
11.Revenue is earned only when money is received. (满分:2)
A. 错误
B. 正确
12.Accounting is a service that provides many different users with financial information to make economic decisions. (满分:2)
A. 错误
B. 正确
13.A corporation is a business that is legally separate and distinct from its owners. (满分:2)
A. 错误
B. 正确
14.Investments in stocks that are expected to be held for the long term are listed in the stockholder's equity section of the balance sheet. (满分:2)
A. 错误
B. 正确
15.The cost of new equipment is called a revenue expenditure because it will help generate revenues in the future. (满分:2)
A. 错误
B. 正确
16.When common stock is issued in exchange for land, the land should be recorded in the accounts at the par amount of the stock issued. (满分:2)
A. 错误
B. 正确
17.Allowance for Doubtful Accounts is a liability account. (满分:2)
A. 错误
B. 正确
18.The accounting equation can be expressed as Assets - Liabilities = Owner's Equity. (满分:2)
A. 错误
B. 正确
19.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
20.Primary users of accounting information are accountants. (满分:2)
A. 错误
B. 正确
21.The declining-balance method is an accelerated depreciation method. (满分:2)
A. 错误
B. 正确
22.Accounting Process is identifying, measuring, recording, and communicating economic information to permit informed judgments and decisions by users of information. (满分:2)
A. 错误
B. 正确
23.In preparing bank reconciliation, the amount of deposits in transit is deducted from the balance per bank statement. (满分:2)
A. 错误
B. 正确
24.If the bondholder has the right to exchange a bond for shares of common stock, the bond is called a convertible bond. (满分:2)
A. 错误
B. 正确
25.If a firm has a quick ratio of 1, the subsequent payment of an account payable will cause the ratio to increase. (满分:2)
A. 错误
B. 正确
26.A balance sheet is a list of the assets, liabilities, and owner's equity of a business for a period of time. (满分:2)
A. 错误
B. 正确
27.If the debit portion of an adjusting entry is to an asset account, then the credit portion must be to a liability account. (满分:2)
A. 错误
B. 正确
28.Bondholders claims on the assets of the corporation rank ahead of stockholders. (满分:2)
A. 错误
B. 正确
29.A business using the perpetual inventory system, with its detailed subsidiary records, does not need to take a physical inventory. (满分:2)
A. 错误
B. 正确
30.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
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