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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,Characteristics of a corporation include （ ）
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:
第2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3题,One of the main disadvantages of the corporate form is the( )
A、professional management
B、double taxation of dividends
C、charter
D、corporation must issue stock
正确答案:
第4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5题,The interest rate specified in the bond indenture is called the ( )
A、discount rate
B、contract rate
C、market rate
D、effective rate
正确答案:
第6题,Accumulated Depreciation ( )
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
正确答案:
第7题,The primary purpose of a stock split is to ( )
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
正确答案:
第8题,The two most common specialized fields of accounting in practice are( )
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
正确答案:
第9题,The matching concept( )
A、addresses the relationship between the journal and the balance sheet
B、determines whether the normal balance of an account is a debit or credit
C、requires that the dollar amount of debits equal the dollar amount of credits on a trial balance
D、determines that expenses related to revenue be reported at the same time the revenue is reported
正确答案:
第10题,In which section of the balance sheet would Treasury Stock be reported?
A、Fixed assets
B、Long-term liabilities
C、Stockholders' equity
D、Intangible assets
正确答案:
第11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12题,Which of the following entries records the acquisition of office supplies on account?
A、Office Supplies, debit; Cash, credit
B、Cash, debit; Office Supplies, credit
C、Office Supplies, debit; Accounts Payable, credit
D、Accounts Receivable, debit; Office Supplies, credit
正确答案:
第13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14题,How does paying a liability in cash affect the accounting equation?
A、assets increase; liabilities decrease
B、assets increase; liabilities increase
C、assets decrease; liabilities decrease
D、liabilities decrease; owner's equity increases
正确答案:
第15题,All of the following occur with a double-entry accounting system except:
A、The accounting equation remains in balance.
B、Each business transaction will have only two entries.
C、Every transaction affects at least two accounts
D、The sum of all debits is always equal to the sum of all credits in each journal entry.
正确答案:
第16题,The term "inventory" indicates （ ）
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:
第17题,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 ( )
A、convertible bonds
B、unsecured bonds
C、debenture bonds
D、callable bonds
正确答案:
第18题,Profit is the difference between
A、assets and liabilities
B、the incoming cash and outgoing cash
C、he assets purchased with cash contributed by the owner and the cash spent to operate the business
D、the amounts received from customers for goods or services and the amounts paid for
the inputs used to provide the goods or services
正确答案:
第19题,Using accrual accounting, expenses are recorded and reported only（ ）
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
正确答案:
第20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21题,Prepaid expenses are an example of an expense.
A、错误
B、正确
正确答案:
第22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23题,Revenue accounts are increased by credits.
T、对
F、错
正确答案:T
第24题,Under the equity method, a stock purchase is recorded at its original cost and is not adjusted to fair market value each accounting period.
T、对
F、错
正确答案:T
第25题,The difference between Accounts Receivable and its contra asset account is called net realizable value.
T、对
F、错
正确答案:T
第26题,The declaration of a stock dividend decreases a corporation's stockholders' equity and increases its liabilities.
T、对
F、错
正确答案:F
第27题,During the closing process, some balance sheet accounts are closed and end the period with a zero balance.
T、对
F、错
正确答案:F
第28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.
T、对
F、错
正确答案:T
第29题,Bondholders claims on the assets of the corporation rank ahead of stockholders.
T、对
F、错
正确答案:T
第30题,All property, plant, and equipment assets are depreciated over time.
T、对
F、错
正确答案:F
第31题,Bondholders are creditors of the issuing corporation.
T、对
F、错
正确答案:T
第32题,The day on which the board of directors of the corporation distributes a dividend is called the declaration date.
A、错误
B、正确
正确答案:
第33题,The declaration and issuance of a stock dividend does not affect the total amount of a corporation's assets, liabilities, or stockholders' equity.
A、错误
B、正确
正确答案:
第34题,The equity method is usually more appropriate for accounting for investments where the purchaser does not have significant influence over the investee.
T、对
F、错
正确答案:F
第35题,If the bondholder has the right to exchange a bond for shares of common stock, the bond is called a convertible bond.
T、对
F、错
正确答案:T
第36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:
第37题,If a company has issued only one class of stock, the earnings per share are determined by dividing net income plus interest expense by the number of shares outstanding.
T、对
F、错
正确答案:F
第38题,The accrual basis of accounting requires revenue be recorded when cash is received from customers.
T、对
F、错
正确答案:F
第39题,Under the perpetual inventory system, when a sale is made, both the sale and cost of merchandise sold are recorded.
T、对
F、错
正确答案:T
第40题,Sales Discounts is a revenue account with a credit balance.
T、对
F、错
正确答案:F
第41题,Overall objective of financial reporting is to provide financial information useful to internal users in making economic decisions.
A、错误
B、正确
正确答案:
第42题,An income statement is a summary of the revenues and expenses of a business as of a specific date.
T、对
F、错
正确答案:F
第43题,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.
A、错误
B、正确
正确答案:
第44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45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46题,Allowance for Doubtful Accounts is a liability account.
T、对
F、错
正确答案:F
第47题,Under the accrual basis for the accounting period concept, revenues are reported in the income statement in the period in which they are earned.
T、对
F、错
正确答案:T
第48题,The statement of cash flows consists of an operating section, an income section, and an equity section.
A、错误
B、正确
正确答案:
第49题,Treasury Stock is listed in the stockholders' equity section on the balance sheet.
T、对
F、错
正确答案:T
第50题,Primary users of accounting information are accountants.
A、错误
B、正确
正确答案: |
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发表于 2019-10-31 11:04:55
