南开13秋《会计专业英语》在线作业答案
南开13秋学期《会计专业英语》在线作业试卷总分：100 测试时间：--
一、单选题（共20道试题，共40分。）
1.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
满分：2分
2.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
满分：2分
3.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
满分：2分
4.Expenses are reported on the（ ）
A. income statement
B. statement of owner's equity
C. statement of cash flows
D. balance sheet
满分：2分
5.A bank reconciliation should be prepared periodically because （ ）
A. the depositor's records and the bank's records are in agreement
B. the bank has not recorded all of its transactions
C. any differences between the depositor's records and the bank's records should be determined, and any errors made by either party should be
满分：2分
6.The most widely used depreciation method is
A. straight-line
B. sum-of-the-years-digits
C. declining-balance
D. units-of-production
满分：2分
7.The debt created by a business when it makes a purchase on account is referred to as an
A. account payable
B. account receivable
C. asset
D. expense payable
满分：2分
8.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.
满分：2分
9.Debts owed by a business are referred to as（ ）
A. accounts receivables
B. equities
C. owner’s equity
D. liabilities
满分：2分
10.Which of the following below generally is the most useful in analyzing companies of different sizes
A. comparative statements
B. common-sized financial statements
C. price-level accounting
D. audit report
满分：2分
11.Cash dividends are usually not paid on which of the following
A. class B common stock
B. preferred stock
C. treasury stock
D. class A common stock
满分：2分
12.A capital expenditure results in a debit to （ ）
A. an expense account
B. a capital account
C. a liability account
D. an asset account
满分：2分
13.Using accrual accounting, expenses are recorded and reported only（ ）
A. when they are incurred, whether or not cash is paid
B. when they are incurred and paid at the same time
C. if they are paid before they are incurred
D. if they are paid after they are incurred
满分：2分
14.Current liabilities are（ ）
A. due, but not receivable for more than one year
B. due, but not payable for more than one year
C. due and receivable within one year
D. due and payable within one year
满分：2分
15.Stockholders' equity （ ）
A. is usually equal to cash on hand
B. includes paid-in capital and liabilities
C. includes retained earnings and paid-in capital
D. is shown on the income statement
满分：2分
16.When the perpetual inventory system is used, the inventory sold is debited to ( )
A. supplies expense
B. cost of merchandise sold
C. merchandise inventory
D. sales
满分：2分
17.The two most common specialized fields of accounting in practice are( )
A. forensic accounting and financial accounting
B. managerial accounting and financial accounting
C. managerial accounting and environmental accounting
D. financial accounting and tax accounting systems
满分：2分
18.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
满分：2分
19.Sinking Fund Cash would be classified on the balance sheet as （ ）
A. a current asset
B. a fixed asset
C. an intangible asset
D. an investment
满分：2分
20.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 leverage
B. solvency and profitability
C. solvency and liquidity
D. solvency and equity
满分：2分
二、判断题（共30道试题，共60分。）
1.The increase side of all accounts is the normal balance.
A. 错误
B. 正确
满分：2分
2.An account receivable is a claim against a customer arising from a sale on account.
A. 错误
B. 正确
满分：2分
3.Ordinarily, a corporation owning a significant portion of the voting stock of another corporation accounts for the investment using the equity method.
A. 错误
B. 正确
满分：2分
4.Sales Discounts is a revenue account with a credit balance.
A. 错误
B. 正确
满分：2分
5.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
满分：2分
6.If the liabilities owed by a business total $500,000, then the assets also total $500,000.
A. 错误
B. 正确
满分：2分
7.The difference between Accounts Receivable and its contra asset account is called net realizable value.
A. 错误
B. 正确
满分：2分
8.Income is recognized when an increase in future benefits related to an increase in an asset of a decrease of a liability has arisen that can be measured reliably.
A. 错误
B. 正确
满分：2分
9.The declaration and issuance of a stock dividend does not affect the total amount of a corporation's assets, liabilities, or stockholders' equity.
A. 错误
B. 正确
满分：2分
10.If the debit portion of an adjusting entry is to an asset account, then the credit portion must be to a liability account.
A. 错误
B. 正确
满分：2分
11.The relationship of each asset item as a percent of total assets is an example of vertical analysis.
A. 错误
B. 正确
满分：2分
12.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
满分：2分
13.Available-for-sale securities are securities that management expects to sell in the future, but are not actively traded for profit.
A. 错误
B. 正确
满分：2分
14.The accounting equation can be expressed as Assets - Liabilities = Owner's Equity.
A. 错误
B. 正确
满分：2分
15.If the bondholder has the right to exchange a bond for shares of common stock, the bond is called a convertible bond.
A. 错误
B. 正确
满分：2分
16.The double-entry accounting system records each transaction twice.
A. 错误
B. 正确
满分：2分
17.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
满分：2分
18.Cash equivalents are short -term investments that will be converted to cash within 120 days.
A. 错误
B. 正确
满分：2分
19.Accounting is a service that provides many different users with financial information to make economic decisions.
A. 错误
B. 正确
满分：2分
20.When a stock dividend is declared, it becomes a liability
A. 错误
B. 正确
满分：2分
21.In preparing bank reconciliation, the amount of outstanding checks is added to the balance per bank statement.
A. 错误
B. 正确
满分：2分
22.Revenue is earned only when money is received.
A. 错误
B. 正确
满分：2分
23.The main reason that the bank statement cash balance and the depositor's cash balance do not initially balance is due to timing differences.
A. 错误
B. 正确
满分：2分
24.When old equipment is traded in for a new equipment, the difference between the list price and the trade in allowance is called boot.
A. 错误
B. 正确
满分：2分
25.Capital expenditures are costs that are charged to Stockholders' Equity accounts.
A. 错误
B. 正确
满分：2分
26.Horizontal analysis is used to compare the financial statements of the same company for different periods.
A. 错误
B. 正确
满分：2分
27.Investments in stocks that are expected to be held for the long term are listed in the stockholder's equity section of the balance sheet.
A. 错误
B. 正确
满分：2分
28.Financial statements should be understandable to everyone.
A. 错误
B. 正确
满分：2分
29.Revenue accounts are increased by credits.
A. 错误
B. 正确
满分：2分
30.Allowance for Doubtful Accounts is a liability account.
A. 错误
B. 正确
满分：2分
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