奥鹏南开20春学期17091803180919031909《会计专业英语》在线作业2 随机doc.docx

1、奥鹏南开20春学期17091803180919031909会计专业英语在线作业2 随机doc1.The two most common specialized fields of accounting in practice are( )A.forensic accounting and financial accountingB.managerial accounting and financial accountingC.managerial accounting and environmental accountingD.financial accounting and tax acco

2、unting systems【参考答案】: B2.Cash equivalents（ ）A.are illegal in some companyB.will be converted to cash within two yearsC.will be converted to cash within 90 daysD.will be converted to cash within 120 days【参考答案】: C3.Which statement below is not a reason for a corporation to buy back its own stock ( )A.

3、resale to employeesB.bonus to employeesC.for supporting the market price of the stockD.to increase the shares outstanding【参考答案】: D4.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 stoc

4、kD.to increase the shares outstanding【参考答案】: D5.Using a perpetual inventory system, the entry to record the return from a customer of merchandise sold on account includes aA.credit to Sales Returns and AllowancesB.debit to Merchandise InventoryC.credit to Merchandise InventoryD.debit to Cost of Merc

5、handise Sold【参考答案】: B6.The most widely used depreciation method isA.straight-lineB.sum-of-the-years-digitsC.declining-balanceD.units-of-production【参考答案】: A7.The cost method of accounting for stock( )A.recognizes dividends as incomeB.is only appropriate as part of a consolidationC.requires the invest

6、ment be increased by the reported net income of the investeeD.requires the investment be decreased by the reported net income of the investee【参考答案】: A8.The term inventory indicates ( )A.merchandise held for sale in the normal course of businessB.materials in the process of production or held for pro

7、ductionC.suppliesD.both A and B【参考答案】: D9.The accounting equation may be expressed as（ ）A.Assets = Equities - LiabilitiesB.Assets Liabilities = Owners EquityC.Assets = Revenues less LiabilitiesD.Assets - Liabilities = Owners Equity【参考答案】: D10.On the balance sheet, the amount shown for the Allowance

8、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 as of the end of the yearD.sum of all accounts that are past due.【参考答案】: C11.Merchandise inventory at the end

9、of the year was understated. 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 overstated【参考答案】: A12.Which of the following

10、groups are considered to be internal users of accounting information?A.Employees and customersB.Customers and vendorsC.Employees and managersD.Government and banks【参考答案】: C13.Cash equivalents( )A.are illegal in some companyB.will be converted to cash within two yearsC.will be converted to cash withi

11、n 90 daysD.will be converted to cash within 120 days【参考答案】: C14.The percentage analysis of increases and decreases in individual items in comparative financial statements is called ( )A.vertical analysisB.solvency analysisC.profitability analysisD.horizontal analysis【参考答案】: D15.If the maker of a pro

12、missory note fails to pay the note on the due date, the note is said to be( )A.displacedB.disallowedC.dishonoredD.dishonored【参考答案】: C16.The method of accounting for investments in equity securities in which the investor records its share of periodic net income of the investee is the ( )A.cost method

13、B.market methodC.income methodD.equity method【参考答案】: D17.A bank reconciliation should be prepared periodically because ( )A.the depositors records and the banks records are in agreementB.the bank has not recorded all of its transactionsC.any differences between the depositors records and the banks r

14、ecords should be determined, and any errors made by either party should be discovered and correctedD.the bank must make sure that its records are correct【参考答案】: C18.Which of the following entries records the acquisition of office supplies on account?A.Office Supplies, debit; Cash, creditB.Cash, debi

15、t; Office Supplies, creditC.Office Supplies, debit; Accounts Payable, creditD.Accounts Receivable, debit; Office Supplies, credit【参考答案】: C19.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 leverageB.solvency an

16、d profitabilityC.solvency and liquidityD.solvency and equity【参考答案】: B20.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 Corporations entry would include a ( )A.Debit to the investm

17、ent account for $10,000B.Debit to the investment account for $4,000C.Credit to the investment account for $4,000D.Debit to a loss account for $4,000【参考答案】: C21.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【参考

18、答案】: T22.The relationship of each asset item as a percent of total assets is an example of vertical analysis.T.对F.错【参考答案】: T23.Merchandise that is returned to the vendor is referred to as a sales allowance.T.对F.错【参考答案】: F24.Purchasing supplies on account increases liabilities and decreases equity.T.

19、对F.错【参考答案】: F25.Capital expenditures are costs that are charged to Stockholders Equity accounts.T.对F.错【参考答案】: T26.If ending inventory for the year is overstated, owners equity reported on the balance sheet at the end of the year is understated.T.对F.错【参考答案】: F27.Merchandising businesses sell products

20、 that they purchase from other businesses to customers.A.错误B.正确【参考答案】: B28.Even when a trial balance is in balance, there may be errors in the individual accounts.A.错误B.正确【参考答案】: B29.The day on which the board of directors of the corporation distributes a dividend is called the declaration date.T.对F

21、.错【参考答案】: T30.Revenue is earned only when money is received.T.对F.错【参考答案】: F31.The effect of a sales return and allowance is a reduction in sales revenue and a decrease in cash or accounts receivable.A.错误B.正确【参考答案】: B32.Paying an account payable increases liabilities and decreases assetsA.错误B.正确【参考答案

22、】: A33.The two main sources of stockholders equity are investments contributed by stockholders and net income retained in the business.T.对F.错【参考答案】: T34.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.T.对F.错【参考答案】: T

23、35.When using the FIFO inventory costing method, the most recent costs are assigned to the cost of goods sold.T.对F.错【参考答案】: T36.Treasury Stock is listed in the stockholders equity section on the balance sheet.A.错误B.正确【参考答案】: B37.The main reason that the bank statement cash balance and the depositors

24、 cash balance do not initially balance is due to timing differences.T.对F.错【参考答案】: T38.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【参考答案】: T39.If the bondholder has the right to exc

25、hange a bond for shares of common stock, the bond is called a convertible bond.A.错误B.正确【参考答案】: B40.Recognition is the process of incorporating in the balance sheet or income statement an item that meet the definition of an element and satisfies the recognition criteria.A.错误B.正确【参考答案】: B41.Sales Disc

26、ounts is a revenue account with a credit balance.A.错误B.正确【参考答案】: A42.The units of production depreciation method matches expenses against revenue the best.T.对F.错【参考答案】: T43.If the proceeds from the sale of bond investments exceeds the carrying amount of the bonds, a gain is realized.T.对F.错【参考答案】: T4

27、4.The matching concept requires expenses be recorded in the same period that the related revenue is recorded.T.对F.错【参考答案】: T45.A large retained earnings account means that there is cash available to pay dividends.T.对F.错【参考答案】: F46.If the liabilities owed by a business total $500,000, then the assets

28、 also total $500,000.A.错误B.正确【参考答案】: A47.The amortization of a premium on bonds payable decreases bond interest expense.A.错误B.正确【参考答案】: B48.Accounting is a service that provides many different users with financial information to make economic decisions.A.错误B.正确【参考答案】: B49.Intangible assets differ from property, plant and equipment assets in that they lack physical substance.A.错误B.正确【参考答案】: B50.The declaration and issuance of a stock dividend does not affect the total amount of a corporations assets, liabilities, or stockholders equity.T.对F.错【参考答案】: T