南开19春（1709、1803、1809、1903）《会计专业英语》在线作业
19春学期（1709、1803、1809、1903）《会计专业英语》在线作业1.[单选题]The two methods of accounting for investments in stock are the cost method and the ()
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A.straight-line method
B.equity method
C.liability method
D.interest method
正确答案:——B——
2.[单选题]A business paid $7,000 to a creditor in payment of an amount owed. The effect of the transaction on the accounting equation was to
A.increase one asset, decrease another asset
B.decrease an asset, decrease a liability
C.increase an asset, increase a liability
D.increase an asset, increase owner's equity
正确答案:——B——
3.[单选题]If preferred stock has dividends in arrears, the preferred stock must be ()
A.participating
B.callable
C.cumulative
D.convertible
正确答案:——C——
4.[单选题]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
正确答案:————
5.[单选题]The most widely used depreciation method is
A.straight-line
B.sum-of-the-years-digits
C.declining-balance
D.units-of-production
正确答案:————
6.[单选题]Under which method of cost flows is the inventory assumed to be composed of the most recent costs?
A.average cost
B.last-in, first-out
C.first-in, first-out
D.weighted average
正确答案:————
7.[单选题]On the balance sheet, the amount shown for the Allowance for Doubtful Accounts is equal to the ()
A.Uncollectible accounts expense for the year
B.total of the accounts receivables written-off during the year
C.total estimated uncollectible accounts as of the end of the year
D.sum of all accounts that are past due.
正确答案:————
8.[单选题]The cost of a product warranty should be included as an expense in the （）
A.period the cash is collected for a product sold on account
B.future period when the cost of repairing the product is paid
C.period of the sale of the product
D.future period when the product is repaired or replaced
正确答案:————
9.[单选题]Merchandise inventory at the end of the year was understated.Which of the following statements correctly states the effect of the error?
A.net income is understated
B.net income is overstated
C.cost of merchandise sold is understated
D.merchandise inventory reported on the balance sheet is overstated
正确答案:————
10.[单选题]Merchandise inventory at the end of the year was understated.Which of the following statements correctly states the effect of the error?
A.net income is understated
B.net income is overstated
C.cost of merchandise sold is understated
D.merchandise inventory reported on the balance sheet is overstated
正确答案:————
11.[单选题]The amount of the outstanding checks is included on the bank reconciliation as a(n) （）
A.deduction from the balance per depositor's records
B.addition to the balance per bank statement
C.deduction from the balance per bank statement
D.addition to the balance per depositor's records
正确答案:————
12.[单选题]Financial reports are used by（ ）
A.management
B.creditors 微信：761296021
C.investors
D.all of the above
正确答案:————
13.[单选题]Which of the following groups are considered to be internal users of accounting information?
A.Employees and customers
B.Customers and vendors
C.Employees and managers
D.Government and banks
正确答案:————
14.[单选题]The term "inventory" indicates ()
A.merchandise held for sale in the normal course of business
B.materials in the process of production or held for production
C.supplies
D.both A and B
正确答案:————
15.[单选题]Expenses are reported on the（ ）
A.income statement
B.statement of owner's equity
C.statement of cash flows
D.balance sheet
正确答案:————
16.[单选题]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
正确答案:————
17.[单选题]Profit is the difference between
A.assets and liabilities
B.the incoming cash and outgoing cash
C.he assets purchased with cash contributed by the owner and the cash spent to operate the business
D.the amounts received from customers for goods or services and the amounts paid for
the inputs used to provide the goods or services
正确答案:————
18.[单选题]Cash investments made by the owner to the business are reported on the statement of cash flows in the
A.financing activities section
B.investing activities section
C.operating activities section
D.supplemental statement
正确答案:————
19.[单选题]Which of the following is not included in the computation of the quick ratio?
A.inventory
B.marketable securities
C.accounts receivable
D.cash
正确答案:————
20.[单选题]The measurement bases exclude()
A.Historical cost
B.Current cost
C.Sale price
D.Present value
正确答案:————
21.[判断题]Bondholders claims on the assets of the corporation rank ahead of stockholders.
A.错误
B.正确
正确答案:————
22.[判断题]During inflationary periods, an advantage of the LIFO inventory cost method is that it matches more recent costs against current revenues.
T.对
F.错
正确答案:————
23.[判断题]An account receivable is a claim against a customer arising from a sale on account.
T.对
F.错
正确答案:————
24.[判断题]Liabilities that will be due within one year or less and that are to be paid out of current assets are called current liabilities.
T.对
F.错
正确答案:————
25.[判断题]An account receivable is a claim against a customer arising from a sale on account.
A.错误
B.正确
正确答案:————
26.[判断题]Primary users of accounting information are accountants.
A.错误
B.正确
正确答案:————
27.[判断题]Bondholders are creditors of the issuing corporation.
A.错误
B.正确
正确答案:————
28.[判断题]A large retained earnings account means that there is cash available to pay dividends.
T.对
F.错
正确答案:————
29.[判断题]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.
A.错误
B.正确
正确答案:————
30.[判断题]In preparing bank reconciliation, the amount of deposits in transit is deducted from the balance per bank statement.
T.对
F.错
正确答案:————
31.[判断题]The declaration and issuance of a stock dividend does not affect the total amount of a corporation's assets, liabilities, or stockholders' equity.
T.对
F.错
正确答案:————
32.[判断题]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.
T.对
F.错
正确答案:————
33.[判断题]The declaration of a stock dividend decreases a corporation's stockholders' equity and increases its liabilities.
T.对
F.错
正确答案:————
34.[判断题]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
正确答案:————
35.[判断题]The statement of cash flows consists of an operating section, an income section, and an equity section.
A.错误
B.正确
正确答案:————
36.[判断题]The amortization of a premium on bonds payable decreases bond interest expense.
T.对
F.错
正确答案:————
37.[判断题]The equity method is usually more appropriate for accounting for investments where the purchaser does not have significant influence over the investee.
T.对
F.错
正确答案:————
38.[判断题]Accrued expenses are expenses that have been incurred but not yet paid in cash and there is no original entry.
T.对
F.错
正确答案:————
39.[判断题]Overall objective of financial reporting is to provide financial information useful to internal users in making economic decisions.
A.错误
B.正确
正确答案:————
40.[判断题]If a firm has a quick ratio of 1, the subsequent payment of an account payable will cause the ratio to increase.
T.对
F.错
正确答案:————
41.[判断题]Dividends in arrears are liabilities of the corporation.
T.对
F.错
正确答案:————
42.[判断题]The book value of a fixed asset reported on the balance sheet represents its market value on that date.
A.错误
B.正确
正确答案:————
43.[判断题]If a firm has a quick ratio of 1, the subsequent payment of an account payable will cause the ratio to increase.
A.错误
B.正确
正确答案:————
44.[判断题]An income statement is a summary of the revenues and expenses of a business as of a specific date.
T.对
F.错
正确答案:————
45.[判断题]Paying an account payable increases liabilities and decreases assets
T.对
F.错
正确答案:————
46.[判断题]The day on which the board of directors of the corporation distributes a dividend is called the declaration date.
A.错误
B.正确
正确答案:————
47.[判断题]The maturity value of a note receivable is always the same as its face value.
T.对
F.错
正确答案:————
48.[判断题]If ending inventory for the year is overstated, owner's equity reported on the balance sheet at the end of the year is understated.
T.对
F.错
正确答案:————
49.[判断题]Accounting is a service that provides many different users with financial information to make economic decisions.
A.错误
B.正确
正确答案:————
50.[判断题]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
正确答案:————
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