奥鹏南开20春学期《会计专业英语》在线作业第3次试题标准答案.docx

1、奥鹏南开20春学期会计专业英语在线作业第3次试题标准答案南开大学会计专业英语在线作业正确答案参考资料试读一页20春学期（1709、1803、1809、1903、1909、2003）会计专业英语在线作业第3次90.01. Cash equivalents( )【选项】：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【答案】：C2.

2、 On the balance sheet, the amount shown for the Allowance for Doubtful Accounts is equal to the ( )【选项】：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

3、that are past due.【答案】：C3. The primary purpose of a stock split is to ( )【选项】：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 earnings【答案】：B4. The accounting equation may be expressed as（ ）【选项】：A Assets =

4、 Equities - LiabilitiesB Assets + Liabilities = Owners EquityC Assets = Revenues less LiabilitiesD Assets - Liabilities = Owners Equity【答案】：D5. Current liabilities are（ ）【选项】：A due, but not receivable for more than one yearB due, but not payable for more than one yearC due and receivable within one

5、yearD due and payable within one year【答案】：D6. How does paying a liability in cash affect the accounting equation?【选项】：A assets increase; liabilities decreaseB assets increase; liabilities increaseC assets decrease; liabilities decreaseD liabilities decrease; owners equity increases【答案】：C7. Merchandi

6、se inventory at the end of the year is overstated. Which of the following statements correctly states the effect of the error?【选项】：A owners equity is overstatedB cost of merchandise sold is overstatedC gross profit is understatedD net income is understated【答案】：A8. All of the following occur with a d

7、ouble-entry accounting system except:【选项】：A The 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.【答案】：B9. On the balan

8、ce sheet, the amount shown for the Allowance for Doubtful Accounts is equal to the （ ）【选项】：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

9、 due.【答案】：C10. Which statement below is not a reason for a corporation to buy back its own stock.【选项】：A resale to employeesB bonus to employeesC for supporting the market price of the stockD to increase the shares outstanding【答案】：D11. Financial reports are used by( )【选项】：A managementB creditorsC inv

10、estorsD all of the above【答案】：D12. What is the type of account and normal balance of Allowance for Doubtful Accounts?【选项】：A Contra asset, creditB Asset, debitC Asset, creditD Contra asset, debit【答案】：A13. Debts owed by a business are referred to as（ ）【选项】：A accounts receivablesB equitiesC owners equit

11、yD liabilities【答案】：D14. 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?【选项】：A Uncollectible Accounts ExpenseB Accounts ReceivableC Allowance for Doubtful AccountsD Interest Expense

12、【答案】：B15. Which of the following financial statements reports information as of a specific date?【选项】：A income statementB statement of owners equityC statement of cash flowsD balance sheet【答案】：D16. Current liabilities are( )【选项】：A due, but not receivable for more than one yearB due, but not payable f

13、or more than one yearC due and receivable within one yearD due and payable within one year【答案】：D17. The debt created by a business when it makes a purchase on account is referred to as an【选项】：A account payableB account receivableC assetD expense payable【答案】：A18. The percentage analysis of increases

14、and decreases in individual items in comparative financial statements is called ( )【选项】：A vertical analysisB solvency analysisC profitability analysisD horizontal analysis【答案】：D19. Merchandise inventory at the end of the year was understated. Which of the following statements correctly states the ef

15、fect of the error?【选项】：A net income is understatedB net income is overstatedC cost of merchandise sold is understatedD merchandise inventory reported on the balance sheet is overstated【答案】：A20. Which of the following groups are considered to be internal users of accounting information?【选项】：A Employe

16、es and customersB Customers and vendorsC Employees and managersD Government and banks【答案】：C21. Available-for-sale securities are securities that management expects to sell in the future, but are not actively traded for profit.【选项】：A 错误B 正确【答案】：B22. The matching concept requires expenses be recorded

17、in the same period that the related revenue is recorded.【选项】：T 对F 错【答案】：A23. Even when a trial balance is in balance, there may be errors in the individual accounts.【选项】：T 对F 错【答案】：A24. The order of the flow of accounting data is (1) record in the ledger, (2) record in the journal, (3) prepare the f

18、inancial statements.【选项】：T 对F 错【答案】：B25. 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.【选项】：A 错误B 正确【答案】：A26. Solvency analysis focuses on the ability of a business to pay its current and non

19、current liabilities.【选项】：T 对F 错【答案】：A27. Every adjusting entry will affect at least one income statement account and one balance sheet account.【选项】：T 对F 错【答案】：A28. Purchasing supplies on account increases liabilities and decreases equity.【选项】：T 对F 错【答案】：B29. Solvency analysis focuses on the ability

20、of a business to pay its current and noncurrent liabilities.【选项】：A 错误B 正确【答案】：B30. 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.【选项】：T 对F 错【答案】：A31. If the liabili

21、ties owed by a business total $500,000, then the assets also total $500,000.【选项】：T 对F 错【答案】：B32. If bonds are sold for a discount, the carrying value of the bonds is equal to the face value less the unamortized discount.【选项】：A 错误B 正确【答案】：B33. The matching concept requires expenses be recorded in the

22、 same period that the related revenue is recorded.【选项】：A 错误B 正确【答案】：B34. The main reason that the bank statement cash balance and the depositors cash balance do not initially balance is due to timing differences.【选项】：A 错误B 正确【答案】：B35. Paying an account payable increases liabilities and decreases ass

23、ets【选项】：A 错误B 正确【答案】：A36. 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.【选项】：A 错误B 正确【答案】：B37. Bondholders are creditors of the issuing corporation.【选项】：A 错误B 正确【答案】：B38. Even when a trial

24、 balance is in balance, there may be errors in the individual accounts.【选项】：A 错误B 正确【答案】：B39. The statement of cash flows consists of an operating section, an income section, and an equity section.【选项】：T 对F 错【答案】：B40. Intangible assets differ from property, plant and equipment assets in that they la

25、ck physical substance.【选项】：T 对F 错【答案】：A41. The amortization of a premium on bonds payable decreases bond interest expense.【选项】：T 对F 错【答案】：A42. The double-entry accounting system records each transaction twice.【选项】：A 错误B 正确【答案】：A43. An income statement is a summary of the revenues and expenses of a b

26、usiness as of a specific date.【选项】：T 对F 错【答案】：B44. The difference between Accounts Receivable and its contra asset account is called net realizable value.【选项】：T 对F 错【答案】：A45. Primary users of accounting information are accountants.【选项】：T 对F 错【答案】：B46. The balance of the allowance for doubtful accoun

27、ts is added to accounts receivable on the balance sheet.【选项】：A 错误B 正确【答案】：A47. Dividends in arrears are liabilities of the corporation.【选项】：A 错误B 正确【答案】：A48. When the market rate of interest is less than the contract rate for a bond, the bond will sell for a premium.【选项】：A 错误B 正确【答案】：B49. 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.【选项】：A 错误B 正确【答案】：B50. Revenue is earned only when money is received.【选项】：A 错误B 正确【答案】：A