奥鹏南开大学本部20春学期《会计专业英语》在线作业参考答案Word文档格式.docx

1、D will be converted to cash within 120 days【答案】：C2. On the balance sheet, the amount shown for the Allowance for Doubtful Accounts is equal to the （ ）A Uncollectible accounts expense for the yearB total of the accounts receivables written-off during the yearC total estimated uncollectible accounts a

2、s of the end of the yearD sum of all accounts that are past due.3. The primary purpose of a stock split is to （ ）A increase paid-in capitalB reduce the market price of the stock per shareC increase the market price of the stock per shareD increase retained earningsB4. The accounting equation may be

3、expressed as（ ）A Assets = Equities - LiabilitiesB Assets + Liabilities = Owners EquityC Assets = Revenues less LiabilitiesD Assets - Liabilities = OwnerD5. Current liabilities are（ ）A due, but not receivable for more than one yearB due, but not payable for more than one yearC due and receivable with

4、in one yearD due and payable within one year6. How does paying a liability in cash affect the accounting equation?A assets increase; liabilities decreaseB assets increase; liabilities increaseC assets decrease;D liabilities decrease; owners equity increases7. Merchandise inventory at the end of the

5、year is overstated. Which of the following statements correctly states the effect of the error?A owners equity is overstatedB cost of merchandise sold is overstatedC gross profit is understatedD net income is understatedA8. All of the following occur with a double-entry accounting system except:A Th

6、e accounting equation remains in balance.B Each business transaction will have only two entries.C Every transaction affects at least two accountsD The sum of all debits is always equal to the sum of all credits in each journal entry.9. On the balance sheet, the amount shown for the Allowance for Dou

7、btful Accounts is equal to the （ ）10. Which statement below is not a reason for a corporation to buy back its own stock.A resale to employeesB bonus to employeesC for supporting the market price of the stockD to increase the shares outstanding11. Financial reports are used by（ ）A managementB credito

8、rsC investorsD all of the above12. What is the type of account and normal balance of Allowance for Doubtful Accounts?A Contra asset, creditB Asset, debitC Asset, creditD Contra asset, debit13. Debts owed by a business are referred to as（ ）A accounts receivablesB equitiesC owners equityD liabilities1

9、4. If the allowance method of accounting for uncollectible receivables is used, what general ledger account is credited to write off a customers account as uncollectible?A Uncollectible Accounts ExpenseB Accounts ReceivableC Allowance for Doubtful AccountsD Interest Expense15. Which of the following

10、 financial statements reports information as of a specific date?A income statementB statement of owners equityC statement of cash flowsD balance sheet16. Current liabilities are（ ）17. The debt created by a business when it makes a purchase on account is referred to as anA account payableB account re

11、ceivableC assetD expense payable18. The percentage analysis of increases and decreases in individual items in comparative financial statements is called （ ）A vertical analysisB solvency analysisC profitability analysisD horizontal analysis19. Merchandise inventory at the end of the year was understa

12、ted. Which of the following statements correctly states the effect of the error?A net income is understatedB net income is overstatedC cost of merchandise sold is understatedD merchandise inventory reported on the balance sheet is overstated20. Which of the following groups are considered to be internal users of accounting information?A Employees and customersB Customers and vendorsC Employees and managersD Government and banks21. Available-for-sale securities are securities that management expects to sell in the future, but are