南开19秋学期《会计专业英语》在线作业1(100分）
【奥鹏】[南开大学]19秋学期（1709、1803、1809、1903、1909）《会计专业英语》在线作业
试卷总分:100 得分:100
第1题,Stockholders' equity ()
A、is usually equal to cash on hand
B、includes paid-in capital and liabilities
C、includes retained earnings and paid-in capital
D、is shown on the income statement
正确答案:
第2题,Merchandise inventory at the end of the year was understated.Which of the following statements correctly states the effect of the error?
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:
第3题,The excess of issue price over par of common stock is termed a(n) （）
A、discount
B、income
C、deficit
D、premium
正确答案:
第4题,The journal entry a company uses to record the estimated accrued product warranty liability is ()
A、debit Product Warranty Expense; credit Product Warranty Payable
B、debit Product Warranty Payable; credit Cash
C、debit Product Warranty Expense; credit Cash
D、debit Product Warranty Payable; credit Product Warranty Expense
正确答案:
第5题,Cash investments made by the owner to the business are reported on the statement of cash flows in the
A、financing activities section
B、investing activities section
C、operating activities section
D、supplemental statement
正确答案:
第6题,Cash dividends are usually not paid on which of the following?
A、class B common stock
B、preferred stock
C、treasury stock
D、class A common stock
正确答案:
第7题,Which of the following concepts relates to separating the reporting of business and personal economic transactions?
A、Cost Concept
B、Unit of Measure Concept
C、Business Entity Concept
D、Objectivity Concept
正确答案:
第8题,A capital expenditure results in a debit to （）
A、an expense account
B、a capital account
C、a liability account
D、an asset account
正确答案:
第9题,The characteristics of partnership exclude( )
A、more financial resources than a proprietorship
B、additional management skills
C、limited liability
D、unlimited liability
正确答案:
第10题,Current liabilities are（）
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:
第11题,The debt created by a business when it makes a purchase on account is referred to as an
A、account payable
B、account receivable
C、asset
D、expense payable
正确答案:
第12题,The most widely used depreciation method is
A、straight-line
B、sum-of-the-years-digits
C、declining-balance
D、units-of-production
正确答案:
第13题,A business paid $7,000 to a creditor in payment of an amount owed. The effect of the transaction on the accounting equation was to
A、increase one asset, decrease another asset
B、decrease an asset, decrease a liability
C、increase an asset, increase a liability
D、increase an asset, increase owner's equity
正确答案:
第14题,A bank reconciliation should be prepared periodically because ()
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 discovered and corrected
D、the bank must make sure that its records are correct
正确答案:
第15题,Notes may be issued ()
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:
第16题,Merchandise inventory at the end of the year is overstated. Which of the following statements correctly states the effect of the error?
A、owner's equity is overstated
B、cost of merchandise sold is overstated
C、gross profit is understated
D、net income is understated
正确答案:
第17题,Sinking Fund Cash would be classified on the balance sheet as （）
A、a current asset
B、a fixed asset
C、an intangible asset
D、an investment
正确答案:
第18题,The reduction of par or stated value of stock by issuance of a proportionate number of additional shares is termed a ()
A、liquidating dividend
B、stock split
C、stock option
D、preferred dividend
正确答案:
第19题,If the maker of a promissory note fails to pay the note on the due date, the note is said to be()
A、displaced
B、disallowed
C、dishonored
D、dishonored
正确答案:
第20题,The most widely used depreciation method is
A、straight-line
B、sum-of-the-years-digits
C、declining-balance
D、units-of-production
正确答案:
第21题,A balance sheet is a list of the assets, liabilities, and owner's equity of a business for a period of time.
A、错误
B、正确
正确答案:
第22题,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.
T、对
F、错
正确答案:F
第23题,The relationship of each asset item as a percent of total assets is an example of vertical analysis.
T、对
F、错
正确答案:T
第24题,Merchandising businesses sell products that they purchase from other businesses to customers.
A、错误
B、正确
正确答案:
第25题,Purchasing supplies on account increases liabilities and decreases equity.
T、对
F、错
正确答案:F
第26题,The amortization of a premium on bonds payable decreases bond interest expense.
A、错误
B、正确
正确答案:
第27题,Merchandise that is returned to the vendor is referred to as a sales allowance.
T、对
F、错
正确答案:F
第28题,The amortization of a premium on bonds payable decreases bond interest expense.
T、对
F、错
正确答案:T
第29题,An account receivable is a claim against a customer arising from a sale on account.
A、错误
B、正确
正确答案:
第30题,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.
A、错误
B、正确
正确答案:
第31题,The two main sources of stockholders' equity are investments contributed by stockholders and net income retained in the business.
A、错误
B、正确
正确答案:
第32题,A sale of treasury stock may result in a decrease in paid-in-capital. All decreases should be charged to the Paid-In-Capital from Sale of Treasury account.
T、对
F、错
正确答案:F
第33题,Liability accounts are increased by debits.
T、对
F、错
正确答案:F
第34题,Allowance for Doubtful Accounts is a liability account.
A、错误
B、正确
正确答案:
第35题,Bonds are sold at face value when the contract rate is equal to the market rate of interest.
A、错误
B、正确
正确答案:
第36题,The accounting equation can be expressed as Assets - Liabilities = Owner's Equity.
T、对
F、错
正确答案:T
第37题,Any difference between the fair market values of the securities and their cost is a realized gain or loss.
T、对
F、错
正确答案:F
第38题,The declining-balance method is an accelerated depreciation method.
T、对
F、错
正确答案:T
第39题,Treasury Stock is listed in the stockholders' equity section on the balance sheet.
A、错误
B、正确
正确答案:
第40题,The declining-balance method is an accelerated depreciation method.
A、错误
B、正确
正确答案:
第41题,If bonds are sold for a discount, the carrying value of the bonds is equal to the face value less the unamortized discount.
T、对
F、错
正确答案:T
第42题,When a large quantity of merchandise is purchased, a reduction allowed on the sale price is called a trade discount.
A、错误
B、正确
正确答案:
第43题,Every adjusting entry will affect at least one income statement account and one balance sheet account.
T、对
F、错
正确答案:T
第44题,Liabilities that will be due within one year or less and that are to be paid out of current assets are called current liabilities.
T、对
F、错
正确答案:T
第45题,Paying an account payable increases liabilities and decreases assets
T、对
F、错
正确答案:F
第46题,The matching concept requires expenses be recorded in the same period that the related revenue is recorded.
A、错误
B、正确
正确答案:
第47题,The increase side of all accounts is the normal balance.
T、对
F、错
正确答案:T
第48题,The journal entry to record the cost of warranty repairs that were incurred during the current period, but related to sales made in prior years, includes a debit to Warranty Expense.
T、对
F、错
正确答案:T
第49题,Information is material if its omission or misstatement could influence the economic decisions of users.
A、错误
B、正确
正确答案:
第50题,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.
A、错误
B、正确
正确答案:
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