南开14春《会计专业英语》在线作业答案
南开14春学期《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.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
满分：2分
2.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
3.Debts owed by a business are referred to as（ ）
A. accounts receivables
B. equities
C. owner’s equity
D. liabilities
满分：2分
4.Revenue should be recognized when（ ）
A. cash is received
B. the service is performed
C. the customer places an order
D. the customer charges an order
满分：2分
5.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
满分：2分
6.The journal entry a company uses to record the estimated accrued product warranty liability is （ ）
A. debit Product Warranty Expense; credit Product Warranty Payable
B. debit Product Warranty Payable; credit Cash
C. debit Product Warranty Expense; credit Cash
D. debit Product Warranty Payable; credit Product Warranty Expense
满分：2分
7.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
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.Which of the items below is not a business organization form（ ）
A. entrepreneurship
B. proprietorship
C. partnership
D. corporation
满分：2分
10.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
11.The excess of issue price over par of common stock is termed a(n) （ ）
A. discount
B. income
C. deficit
D. premium
满分：2分
12.The measurement bases exclude( )
A. Historical cost
B. Current cost
C. Sale price
D. Present value
满分：2分
13.All of the following below are needed for the calculation of depreciation except（ ）
A. cost
B. residual value
C. estimated life
D. book value
满分：2分
14.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
15.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
满分：2分
16.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
满分：2分
17.Which of the following should not be considered cash by an accountant
A. coins
B. bank checking accounts
C. postage stamps
D. Petty cash funds
满分：2分
18.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
满分：2分
19.The primary purpose of a stock split is to （ ）
A. increase paid-in capital
B. reduce the market price of the stock per share
C. increase the market price of the stock per share
D. increase retained earnings
满分：2分
20.Accumulated Depreciation ( )
A. is used to show the amount of cost expiration of intangibles
B. is the same as Depreciation Expense
C. is a contra asset account
D. is used to show the amount of cost expiration of natural resources
满分：2分
二、判断题（共30道试题，共60分。）
1.Treasury Stock is listed in the stockholders' equity section on the balance sheet.
A. 错误
B. 正确
满分：2分
2.During inflationary periods, the use of the LIFO method of costing inventory will result in a greater amount of net income than would result from the use of the FIFO method.
A. 错误
B. 正确
满分：2分
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
满分：2分
4.The normal balance of the accumulated depreciation account is debit.
A. 错误
B. 正确
满分：2分
5.The declining-balance method is an accelerated depreciation method.
A. 错误
B. 正确
满分：2分
6.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
7.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
满分：2分
8.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
满分：2分
9.If ending inventory for the year is understated, net income for the year is overstated.
A. 错误
B. 正确
满分：2分
10.Revenue is earned only when money is received.
A. 错误
B. 正确
满分：2分
11.A corporation is a business that is legally separate and distinct from its owners.
A. 错误
B. 正确
满分：2分
12.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
13.The matching concept requires expenses be recorded in the same period that the related revenue is recorded.
A. 错误
B. 正确
满分：2分
14.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
15.The double-entry accounting system records each transaction twice.
A. 错误
B. 正确
满分：2分
16.An income statement is a summary of the revenues and expenses of a business as of a specific date.
A. 错误
B. 正确
满分：2分
17.The declaration of a stock dividend decreases a corporation's stockholders' equity and increases its liabilities.
A. 错误
B. 正确
满分：2分
18.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
满分：2分
19.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
20.Allowance for Doubtful Accounts is a liability account.
A. 错误
B. 正确
满分：2分
21.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.
A. 错误
B. 正确
满分：2分
22.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
满分：2分
23.Solvency analysis focuses on the ability of a business to pay its current and noncurrent liabilities.
A. 错误
B. 正确
满分：2分
24.When the market rate of interest is less than the contract rate for a bond, the bond will sell for a premium.
A. 错误
B. 正确
满分：2分
25.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
满分：2分
26.Overall objective of financial reporting is to provide financial information useful to internal users in making economic decisions.
A. 错误
B. 正确
满分：2分
27.Dividends in arrears are liabilities of the corporation.
A. 错误
B. 正确
满分：2分
28.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
29.During inflationary periods, an advantage of the LIFO inventory cost method is that it matches more recent costs against current revenues.
A. 错误
B. 正确
满分：2分
30.Bondholders claims on the assets of the corporation rank ahead of stockholders.
A. 错误
B. 正确
满分：2分
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