基础会计英文版复习参考题资料.docx
《基础会计英文版复习参考题资料.docx》由会员分享，可在线阅读，更多相关《基础会计英文版复习参考题资料.docx（11页珍藏版）》请在冰豆网上搜索。
基础会计英文版复习参考题资料
1. Abusinessentityisregardedasseparatefromthepersonalactivitiesofitsownerswhetheritisasoleproprietorship,apartnership,oracorporation.
True False
2. Assetsneednotalwayshavephysicalcharacteristicssuchasbuildings,machineryorinventory.
True False
3. Thegoingconcernprincipleassumesthatthebusinesswillcontinueindefinitely.
True False
4. Notespayableandaccountspayablearewrittenpromisestopayanamountowedbyacertaindate.Notespayablegenerallyhaveinterestbutaccountspayablegenerallydonot.
True False
5. Anetprofitresultsfromhavingmorerevenuesthanliabilities.
True False
6. Thesaleofadditionalsharesofcapitalstockwillcausetreasurystocktoincrease.
True False
7. Articulationbetweenthefinancialstatementsmeansthattheyrelatecloselytoeachother.
True False
8. Limitedliabilitymeansthatownersofabusinessareonlyliableforthedebtsofthebusinessuptotheamountstheycanafford.
True False
9. Inabusinessorganizedasacorporation,itisnotnecessarytolisttheequityofeachstockholderonthebalancesheet.
True False
10. Totalassetsalwaysequaltotalliabilitiesplustotalowners'equity.
True False
11. Acashflowstatementreportsrevenueandexpenseactivitiesforaspecifictimeperiodsuchasonemonthoroneyear.
True False
12. Anybusinesseventthatmightaffectthefutureprofitabilityofabusinessshouldbereportedinitsbalancesheet.
True False
13. Totalassetsplustotalliabilitiesequalstotalowners'equity.
True False
14. Thepracticeofshowingassetsonthebalancesheetattheircostratherthanattheircurrentmarketvalueisexplainedinpartbythefactthatcostissupportedbyobjectiveevidencethatcanbeverifiedbyindependentexperts.
True False
15. Therealizationprinciplestatesthattheactivitiesofanentityshouldbekeptseparatefromthoseofitsowner.
True False
16. Theentityprinciplestatesthattheaffairsoftheownersarenotpartofthefinancialoperationsofabusinessentityandshouldbeseparated.
True False
17. Theaccountingequationmaybestatedas"assetsminusliabilitiesequalsowners'equity."
True False
18. Atransactionthatcausesanincreaseinanassetmayalsocauseadecreaseinanotherasset,anincreaseinaliability,oranincreaseinowners'equity.
True False
19. Thecollectionofanaccountreceivablewillcausetotalassetstodecrease.
True False
20. Thepaymentofaliabilitycausesanincreaseinowners'equity.
True False
21. Whenabusinessborrowsmoneyfromabank,theimmediateeffectisanincreaseintotalassetsandadecreaseinliabilitiesorowners'equity.
True False
22. Thepurchaseofanassetsuchasofficeequipment,forcashwillcauseowners'equitytodecrease.
True False
23. Theownerofasoleproprietorshipispersonallyliableforthedebtsofthebusiness,whereasthestockholdersofacorporationarenotpersonallyliableforthedebtsofthebusiness.
True False
24. Ifacompanypurchasesequipmentforcash,itstotalassetswillincrease.
True False
25. Ifacompanypurchasesequipmentbyissuinganotepayable,itstotalassetswillnotchange.
True False
26. Itisnotunusualforanentitytoreportasignificantincreaseincashfromoperatingactivities,butadecreaseinthetotalamountofcash.
True False
27. Thecashflowstatementprovidesalinkbetweentwobalancesheetsbyshowinghownetincome（orloss）haschangedowners'equityfromonebalancesheetdatetothenext.
True False
28. AccordingtoSarbanes-Oxley,internalcontrolsmustbeauditedbythesameaccountingfirmthatauditsthefinancialstatements.
True False
29. ThePublicCompanyAccountingOversightBoardwascreatedbytheAmericanInstituteofCPAstooverseethepublicaccountingprofession.
True False
30. Themajoroutgrowthfrombusinessfailuresandallegationsoffraudulentfinancialreportingduringthe1990'swasthepassageoftheSecuritiesandExchangeAct.
True False
Chapter02BasicFinancialStatementsAnswerKey
True/FalseQuestions
1. Abusinessentityisregardedasseparatefromthepersonalactivitiesofitsownerswhetheritisasoleproprietorship,apartnership,oracorporation.
TRUE
AACSB:
ReflectiveThinking
AICPABB:
Legal
AICPAFN:
Reporting
LearningObjective:
2
LearningObjective:
8
2. Assetsneednotalwayshavephysicalcharacteristicssuchasbuildings,machineryorinventory.
TRUE
AACSB:
ReflectiveThinking
AICPABB:
CriticalThinking
AICPAFN:
Measurement
LearningObjective:
2
3. Thegoingconcernprincipleassumesthatthebusinesswillcontinueindefinitely.
TRUE
AACSB:
ReflectiveThinking
AICPABB:
CriticalThinking
AICPAFN:
Measurement
LearningObjective:
1
LearningObjective:
2
4. Notespayableandaccountspayablearewrittenpromisestopayanamountowedbyacertaindate.Notespayablegenerallyhaveinterestbutaccountspayablegenerallydonot.
TRUE
AACSB:
ReflectiveThinking
AICPABB:
ResourceManagement
AICPAFN:
Measurement
LearningObjective:
4
5. Anetprofitresultsfromhavingmorerevenuesthanliabilities.
FALSE
AACSB:
ReflectiveThinking
AICPABB:
CriticalThinking
AICPAFN:
Measurement
LearningObjective:
3
LearningObjective:
5
6. Thesaleofadditionalsharesofcapitalstockwillcausetreasurystocktoincrease.
FALSE
AACSB:
ReflectiveThinking
AICPABB:
ResourceManagement
AICPAFN:
Measurement
LearningObjective:
3
LearningObjective:
4
7. Articulationbetweenthefinancialstatementsmeansthattheyrelatecloselytoeachother.
TRUE
AACSB:
ReflectiveThinking
AICPABB:
CriticalThinking
AICPAFN:
Measurement
LearningObjective:
7
8. Limitedliabilitymeansthatownersofabusinessareonlyliableforthedebtsofthebusinessuptotheamountstheycanafford.
FALSE
AACSB:
ReflectiveThinking
AICPABB:
Legal
AICPAFN:
Measurement
LearningObjective:
8
9. Inabusinessorganizedasacorporation,itisnotnecessarytolisttheequityofeachstockholderonthebalancesheet.
TRUE
AACSB:
ReflectiveThinking
AICPABB:
Legal
AICPAFN:
Reporting
LearningObjective:
8
10. Totalassetsalwaysequaltotalliabilitiesplustotalowners'equity.
TRUE
AACSB:
ReflectiveThinking
AICPABB:
CriticalThinking
AICPAFN:
Measurement
LearningObjective:
3
11. Acashflowstatementreportsrevenueandexpenseactivitiesforaspecifictimeperiodsuchasonemonthoroneyear.
FALSE
AACSB:
ReflectiveThinking
AICPABB:
CriticalThinking
AICPAFN:
Reporting
LearningObjective:
6
12. Anybusinesseventthatmightaffectthefutureprofitabilityofabusinessshouldbereportedinitsbalancesheet.
FALSE
AACSB:
ReflectiveThinking
AICPABB:
CriticalThinking
AICPAFN:
Reporting
LearningObjective:
3
LearningObjective:
4
13. Totalassetsplustotalliabilitiesequalstotalowners'equity.
FALSE
AACSB:
ReflectiveThinking
AICPABB:
CriticalThinking
AICPAFN:
Measurement
LearningObjective:
3
14. Thepracticeofshowingassetsonthebalancesheetattheircostratherthanattheircurrentmarketvalueisexplainedinpartbythefactthatcostissupportedbyobjectiveevidencethatcanbeverifiedbyindependentexperts.
TRUE
AACSB:
ReflectiveThinking
AICPABB:
CriticalThinking
AICPAFN:
Measurement
LearningObjective:
2
15. Therealizationprinciplestatesthattheactivitiesofanentityshouldbekeptseparatefromthoseofitsowner.
FALSE
AACSB:
ReflectiveThinking
AICPABB:
CriticalThinking
AICPAFN:
Measurement
LearningObjective:
2
16. Theentityprinciplestatesthattheaffairsoftheownersarenotpartofthefinancialoperationsofabusinessentityandshouldbeseparated.
TRUE
AACSB:
ReflectiveThinking
AICPABB:
CriticalThinking
AICPAFN:
Measurement
LearningObjective:
2
17. Theaccountingequationmaybestatedas"assetsminusliabilitiesequalsowners'equity."
TRUE
AACSB:
ReflectiveThinking
AICPABB:
CriticalThinking
AICPAFN:
Measurement
LearningObjective:
3
18. Atransactionthatcausesanincreaseinanassetmayalsocauseadecreaseinanotherasset,anincreaseinaliability,oranincreaseinowners'equity.
TRUE
AACSB:
ReflectiveThinking
AICPABB:
CriticalThinking
AICPAFN:
Measurement
LearningObjective:
3
19. Thecollectionofanaccountreceivablewillcausetotalassetstodecrease.
FALSE
AACSB:
ReflectiveThinking
AICPABB:
CriticalThinking
AICPAFN:
Measurement
LearningObjective:
3
20. Thepaymentofaliabilitycausesanincreaseinowners'equity.
FALSE
AACSB:
ReflectiveThinking
AICPABB:
CriticalThinking
AICPAFN:
Measurement
LearningObjective:
3
21. Whenabusinessborrowsmoneyfromabank,theimmediateeffectisanincreaseintotalassetsandadecreaseinliabilitiesorowners'equity.
FALSE
AACSB:
ReflectiveThinking
AICPABB:
CriticalThinking
AICPAFN:
Measurement
LearningObjective:
3
22. Thepurchaseofanassetsuchasofficeequipment,forcashwillcauseowners'equitytodecrease.
FALSE
AACSB:
ReflectiveThinking
AICPABB:
CriticalThinking
AICPAFN:
Measurement
LearningObjective:
3
23. Theownerofasoleproprietorshipispersonallyliableforthedebtsofthebusiness,whereasthestockholdersofacorporationarenotpersonallyliableforthedebtsofthebusiness.
TRUE
AACSB:
ReflectiveThinking
AICPABB:
Legal
AICPAFN:
Measurement
LearningObjective:
8
24
升级会员 