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21春学期(1709、1803、1809、1903、1909、2003、2009、2103)《会计专业英语》在线作业

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21春学期(1709、1803、1809、1903、1909、2003、2009、2103)《会计专业英语》在线作业


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1.How is treasury stock shown on the balance sheet?
A.as an asset
B.as a decrease in stockholders' equity
C.as an increase in stockholders' equity
D.treasury stock is not shown on the balance sheet
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2.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
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3.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
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4.Notes may be issued ( )
A.when assets are purchased
B.to creditor's to temporarily satisfy an account payable created earlier
C.when borrowing money
D.all of the above
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5.What is the type of account and normal balance of Allowance for Doubtful Accounts?
A.Contra asset, credit
B.Asset, debit
C.Asset, credit
D.Contra asset, debit
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6.Which of the following measures a company’s ability to pay its current liabilities?
A.earnings per share
B.inventory turnover
C.current ratio
D.number of times interest charges earned
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7.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
B.market method
C.income method
D.equity method
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8.Expenses are reported on the( )
A.income statement
B.statement of owner's equity
C.statement of cash flows
D.balance sheet
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9.Expenses are recorded when( )
A.cash is paid for services rendered
B.a bill is received in advance of services rendered
C.services are rendered
D.none of the above
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10.Which of the following financial statements reports information as of a specific date?
A.income statement
B.statement of owner's equity
C.statement of cash flows
D.balance sheet
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11.Which statement below is not a reason for a corporation to buy back its own stock.
A.resale to employees
B.bonus to employees
C.for supporting the market price of the stock
D.to increase the shares outstanding
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12.Cash equivalents( )
A.are illegal in some company
B.will be converted to cash within two years
C.will be converted to cash within 90 days
D.will be converted to cash within 120 days
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13.Austin, Inc. made a Prepaid Rent payment of $3,500 on January 1st. The company’s monthly rent is $700. The amount of Prepaid Rent that would appear on the January 31 balance sheet after adjustment is:
A.$2,800
B.$700
C.$3,500
D.$1,750
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14.A characteristic of a fixed asset is that it is ( )
A.intangible
B.used in the operations of a business
C.held for sale in the ordinary course of the business
D.none of the above
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15.Which of the items below is not a business organization form?( )
A.entrepreneurship
B.proprietorship
C.partnership
D.corporation
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16.The two methods of accounting for investments in stock are the cost method and the ( )
A.straight-line method
B.equity method
C.liability method
D.interest method
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17.Which of the following is not included in the computation of the quick ratio?
A.inventory
B.marketable securities
C.accounts receivable
D.cash
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18.The accounting equation may be expressed as( )
A.Assets = Equities - Liabilities
B.Assets + Liabilities = Owner's Equity
C.Assets = Revenues less Liabilities
D.Assets - Liabilities = Owner's Equity
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19.The business entity concept means that
A.the owner is part of the business entity
B.an entity is organized according to state or federal statutes
C.an entity is organized according to the rules set by the FASB
D.the entity is an individual economic unit for which data are recorded, analyzed, and reported
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20.A capital expenditure results in a debit to ( )
A.an expense account
B.a capital account
C.a liability account
D.an asset account
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1.The cost of new equipment is called a revenue expenditure because it will help generate revenues in the future.
A.错误
B.正确
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2.A business using the perpetual inventory system, with its detailed subsidiary records, does not need to take a physical inventory.
T.对
F.错
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3.The relationship of each asset item as a percent of total assets is an example of vertical analysis.
A.错误
B.正确
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4.During inflationary periods, the use of the FIFO method of costing inventory will result in a greater amount of net income than would result from the use of the LIFO cost method.
T.对
F.错
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5.An example of an external user of accounting information is the government.
T.对
F.错
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6.Treasury Stock is listed in the stockholders' equity section on the balance sheet.
T.对
F.错
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7.In preparing bank reconciliation, the amount of deposits in transit is deducted from the balance per bank statement.
A.错误
B.正确
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8.During deflationary periods, the use of the LIFO method of costing inventory will result in a lower amount of current assets than would result from the use of the FIFO method.
T.对
F.错
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9.Even when a trial balance is in balance, there may be errors in the individual accounts.
T.对
F.错
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10.The matching concept supports reporting revenues and related expenses in the same period.
T.对
F.错
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11.An account receivable is a claim against a customer arising from a sale on account.
T.对
F.错
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12.During deflationary periods, the use of the LIFO method of costing inventory will result in a lower amount of current assets than would result from the use of the FIFO method.
A.错误
B.正确
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13.The two main sources of stockholders' equity are investments contributed by stockholders and net income retained in the business.
A.错误
B.正确
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14.Information is material if its omission or misstatement could influence the economic decisions of users.
A.错误
B.正确
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15.When a large quantity of merchandise is purchased, a reduction allowed on the sale price is called a trade discount.
A.错误
B.正确
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16.Managerial accounting is primarily concerned with the recording and reporting of economic data and activities of an entity for use by owners, creditors, governmental agencies, and the public.
A.错误
B.正确
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17.Accounting Process is identifying, measuring, recording, and communicating economic information to permit informed judgments and decisions by users of information.
A.错误
B.正确
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18.The increase side of all accounts is the normal balance.
T.对
F.错
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19.Revenue is earned only when money is received.
T.对
F.错
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20.The accounting equation can be expressed as Assets - Liabilities = Owner's Equity.
T.对
F.错
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21.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
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22.When using the FIFO inventory costing method, the most recent costs are assigned to the cost of goods sold.
A.错误
B.正确
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23.When using the FIFO inventory costing method, the most recent costs are assigned to the cost of goods sold.
T.对
F.错
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24.An income statement is a summary of the revenues and expenses of a business as of a specific date.
T.对
F.错
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25.The maturity value of a note receivable is always the same as its face value.
T.对
F.错
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26.The accrual basis of accounting requires revenue be recorded when cash is received from customers.
A.错误
B.正确
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27.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.
A.错误
B.正确
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28.Before a stock dividend can be declared or paid, there must be sufficient cash.
T.对
F.错
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29.Ordinarily, a corporation owning a significant portion of the voting stock of another corporation accounts for the investment using the equity method.
T.对
F.错
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30.An account receivable is typically classified as a revenue.
T.对
F.错
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