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【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,Low Company owns 40% of the voting stock of High Corporation and uses the equity method in recording this investment. High Corporation reported a $10,000 net loss. Low Corporation's entry would include a ( )
A、Debit to the investment account for $10,000
B、Debit to the investment account for $4,000
C、Credit to the investment account for $4,000
D、Debit to a loss account for $4,000
正确答案:
第2题,Expenses are reported on the( )
A、income statement
B、statement of owner's equity
C、statement of cash flows
D、balance sheet
正确答案:
第3题,Financial reports are used by（ ）
A、management
B、creditors
C、investors
D、all of the above
正确答案:
第4题,During a period of falling prices, which of the following inventory methods generally results in the lowest balance sheet amount for inventory. ( )
A、average method
B、LIFO method
C、FIFO method
D、can not tell without more information
正确答案:
第5题,Which of the following financial statements reports information as of a specific date?
A、income statement
B、statement of owner's equity
C、statement of cash flows
D、balance sheet
正确答案:
第6题,Financial statements in which financial data for two or more companies are combined as a single entity are called
A、conventional statements
B、consolidated statements
C、audited statements
D、constitutional statements
正确答案:
第7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8题,Which of the following below generally is the most useful in analyzing companies of different sizes?
A、comparative statements
B、common-sized financial statements
C、price-level accounting
D、audit report
正确答案:
第9题,The ability of a business to pay its debts as they come due and to earn a reasonable amount of income is referred to as ( )
A、solvency and leverage
B、solvency and profitability
C、solvency and liquidity
D、solvency and equity
正确答案:
第10题,When the perpetual inventory system is used, the inventory sold is debited to ( )
A、supplies expense
B、cost of merchandise sold
C、merchandise inventory
D、sales
正确答案:
第11题,The cost of a product warranty should be included as an expense in the ( )
A、period the cash is collected for a product sold on account
B、future period when the cost of repairing the product is paid
C、period of the sale of the product
D、future period when the product is repaired or replaced
正确答案:
第12题,The price at which a stock can be sold depends upon a number of factors. Which statement below is not one of those factors?( )
A、the financial condition, earnings record, and dividend record of the corporation
B、investor expectations of the corporation's earning power
C、how high the par value
D、general business and economic conditions and prospects
正确答案:
第13题,The account Unrealized Gain (Loss) on Available-For-Sale Securities should be included in the( )
A、Income statement as Other Revenue (Expenses)
B、Balance sheet as an adjustment to the asset account
C、Balance sheet as an adjustment to Stockholders' Equity
D、Statement of Retained Earnings
正确答案:
第14题,Which of the items below is not a business organization form?( )
A、entrepreneurship
B、proprietorship
C、partnership
D、corporation
正确答案:
第15题,Austin, Inc. made a Prepaid Rent payment of $3,500 on January 1st. The company’s monthly rent is $700. The amount of Prepaid Rent that would appear on the January 31 balance sheet after adjustment is:
A、$2,800
B、$700
C、$3,500
D、$1,750
正确答案:
第16题,On the balance sheet, the amount shown for the Allowance for Doubtful Accounts is equal to the ( )
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:
第17题,Which of the following should not be considered cash by an accountant?
A、coins
B、bank checking accounts
C、postage stamps
D、Petty cash funds
正确答案:
第18题,Which of the following measures a company’s ability to pay its current liabilities?
A、earnings per share
B、inventory turnover
C、current ratio
D、number of times interest charges earned
正确答案:
第19题,The cost of a product warranty should be included as an expense in the （ ）
A、period the cash is collected for a product sold on account
B、future period when the cost of repairing the product is paid
C、period of the sale of the product
D、future period when the product is repaired or replaced
正确答案:
第20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21题,The increase side of all accounts is the normal balance.
A、错误
B、正确
正确答案:
第22题,If the debit portion of an adjusting entry is to an asset account, then the credit portion must be to a liability account.
A、错误
B、正确
正确答案:
第23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24题,The investor carrying an investment by the equity method records cash dividends received as an increase in the carrying amount of the investment.
T、对
F、错
正确答案:F
第25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26题,The double-entry accounting system records each transaction twice.
A、错误
B、正确
正确答案:
第27题,Sales Discounts is a revenue account with a credit balance.
T、对
F、错
正确答案:F
第28题,The balance of the allowance for doubtful accounts is added to accounts receivable on the balance sheet.
T、对
F、错
正确答案:F
第29题,Even when a trial balance is in balance, there may be errors in the individual accounts.
T、对
F、错
正确答案:T
第30题,Intangible assets differ from property, plant and equipment assets in that they lack physical substance.
T、对
F、错
正确答案:T
第31题,Available-for-sale securities are securities that management expects to sell in the future, but are not actively traded for profit.
A、错误
B、正确
正确答案:
第32题,Bonds are sold at face value when the contract rate is equal to the market rate of interest.
T、对
F、错
正确答案:T
第33题,For a current liability to exist, the following two tests must be met. The liability must be due usually within a year and must be paid out of current assets.
A、错误
B、正确
正确答案:
第34题,If the bondholder has the right to exchange a bond for shares of common stock, the bond is called a convertible bond.
A、错误
B、正确
正确答案:
第35题,Available-for-sale securities are securities that management expects to sell in the future, but are not actively traded for profit.
T、对
F、错
正确答案:T
第36题,The matching concept supports reporting revenues and related expenses in the same period.
T、对
F、错
正确答案:T
第37题,Accounting is a service that provides many different users with financial information to make economic decisions.
T、对
F、错
正确答案:T
第38题,Dividends in arrears are liabilities of the corporation.
A、错误
B、正确
正确答案:
第39题,The balance of the allowance for doubtful accounts is added to accounts receivable on the balance sheet.
A、错误
B、正确
正确答案:
第40题,The main reason that the bank statement cash balance and the depositor's cash balance do not initially balance is due to timing differences.
A、错误
B、正确
正确答案:
第41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.
A、错误
B、正确
正确答案:
第42题,When a large quantity of merchandise is purchased, a reduction allowed on the sale price is called a trade discount.
T、对
F、错
正确答案:T
第43题,If a firm has a quick ratio of 1, the subsequent payment of an account payable will cause the ratio to increase.
A、错误
B、正确
正确答案:
第44题,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.
A、错误
B、正确
正确答案:
第45题,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.
T、对
F、错
正确答案:F
第46题,If a firm has a quick ratio of 1, the subsequent payment of an account payable will cause the ratio to increase.
T、对
F、错
正确答案:F
第47题,A business using the perpetual inventory system, with its detailed subsidiary records, does not need to take a physical inventory.
T、对
F、错
正确答案:F
第48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49题,If the proceeds from the sale of bond investments exceeds the carrying amount of the bonds, a gain is realized.
T、对
F、错
正确答案:T
第50题,When the market rate of interest is less than the contract rate for a bond, the bond will sell for a premium.
T、对
F、错
正确答案:T |
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发表于 2019-10-31 11:00:46
