南开14秋《会计专业英语》在线作业答案
14秋学期《会计专业英语》在线作业一、单选题：
1.The most widely used depreciation method is (满分:2)
A. straight-line
B. sum-of-the-years-digits
C. declining-balance
D. units-of-production
正确答案:
2.Which of the following should not be considered cash by an accountant? (满分:2)
A. coins
B. bank checking accounts
C. postage stamps
D. Petty cash funds
正确答案:
3.A capital expenditure results in a debit to ( ) (满分:2)
A. an expense account
B. a capital account
C. a liability account
D. an asset account
正确答案:
4.Characteristics of a corporation include ( ) (满分:2)
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
正确答案:
5.The journal entry a company uses to record the estimated accrued product warranty liability is ( ) (满分:2)
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
正确答案:
6.The two methods of accounting for investments in stock are the cost method and the ( ) (满分:2)
A. straight-line method
B. equity method
C. liability method
D. interest method
正确答案:
7.Notes may be issued ( ) (满分:2)
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
正确答案:
8.Expenses are reported on the( ) (满分:2)
A. income statement
B. statement of owner's equity
C. statement of cash flows
D. balance sheet
正确答案:
9.Financial statements in which financial data for two or more companies are combined as a single entity are called (满分:2)
A. conventional statements
B. consolidated statements
C. audited statements
D. constitutional statements
正确答案:
10.The inventory method that assigns the most recent costs to cost of good sold is (满分:2)
A. FIFO
B. LIFO
C. average
D. specific identification
正确答案:
11.When the corporation issuing the bonds has the right to repurchase the bonds prior to the maturity date for a specific price, the bonds are (满分:2)
A. convertible bonds
B. unsecured bonds
C. debenture bonds
D. callable bonds
正确答案:
12.Which of the items below is not a business organization form?( ) (满分:2)
A. entrepreneurship
B. proprietorship
C. partnership
D. corporation
正确答案:
13.The amount of the outstanding checks is included on the bank reconciliation as a(n) ( ) (满分:2)
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:
14.Which of the following is not included in the computation of the quick ratio? (满分:2)
A. inventory
B. marketable securities
C. accounts receivable
D. cash
正确答案:
15.Revenue should be recognized when( ) (满分:2)
A. cash is received
B. the service is performed
C. the customer places an order
D. the customer charges an order
正确答案:
16.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 ( ) (满分:2)
A. solvency and leverage
B. solvency and profitability
C. solvency and liquidity
D. solvency and equity
正确答案:
17.The excess of issue price over par of common stock is termed a(n) ( ) (满分:2)
A. discount
B. income
C. deficit
D. premium
正确答案:
18.The interest rate specified in the bond indenture is called the ( ) (满分:2)
A. discount rate
B. contract rate
C. market rate
D. effective rate
正确答案:
19.Financial reports are used by( ) (满分:2)
A. management
B. creditors
C. investors
D. all of the above
正确答案:
20.When the market rate of interest on bonds is higher than the contract rate, the bonds will sell at ( ) (满分:2)
A. a premium
B. their face value
C. their maturity value
D. a discount
正确答案:
二、多选题：
1.Allowance for Doubtful Accounts is a liability account. (满分:2)
A. 错误
B. 正确
正确答案:
2.If the debit portion of an adjusting entry is to an asset account, then the credit portion must be to a liability account. (满分:2)
A. 错误
B. 正确
正确答案:
3.The matching concept requires expenses be recorded in the same period that the related revenue is recorded. (满分:2)
A. 错误
B. 正确
正确答案:
4.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. (满分:2)
A. 错误
B. 正确
正确答案:
5.The balance of the allowance for doubtful accounts is added to accounts receivable on the balance sheet. (满分:2)
A. 错误
B. 正确
正确答案:
6.The double-entry accounting system records each transaction twice. (满分:2)
A. 错误
B. 正确
正确答案:
7.Intangible assets differ from property, plant and equipment assets in that they lack physical substance. (满分:2)
A. 错误
B. 正确
正确答案:
8.Revenue accounts are increased by credits. (满分:2)
A. 错误
B. 正确
正确答案:
9.Bondholders claims on the assets of the corporation rank ahead of stockholders. (满分:2)
A. 错误
B. 正确
正确答案:
10.The declining-balance method is an accelerated depreciation method. (满分:2)
A. 错误
B. 正确
正确答案:
11.The effect of a sales return and allowance is a reduction in sales revenue and a decrease in cash or accounts receivable. (满分:2)
A. 错误
B. 正确
正确答案:
12.All property plant, and equipment assets are depreciated over time. (满分:2)
A. 错误
B. 正确
正确答案:
13.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. (满分:2)
A. 错误
B. 正确
正确答案:
14.The main reason that the bank statement cash balance and the depositor's cash balance do not initially balance is due to timing differences. (满分:2)
A. 错误
B. 正确
正确答案:
15.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. (满分:2)
A. 错误
B. 正确
正确答案:
16.Consuming goods and services in the process of generating revenues results in expenses. (满分:2)
A. 错误
B. 正确
正确答案:
17.Sales Discounts is a revenue account with a credit balance. (满分:2)
A. 错误
B. 正确
正确答案:
18.If bonds are sold for a discount, the carrying value of the bonds is equal to the face value less the unamortized discount. (满分:2)
A. 错误
B. 正确
正确答案:
19.Amortization is the allocation process of writing off bond premiums and discounts to interest expense over the life of the bond issue. (满分:2)
A. 错误
B. 正确
正确答案:
20.Merchandising businesses sell products that they purchase from other businesses to customers. (满分:2)
A. 错误
B. 正确
正确答案:
21.An account receivable is a claim against a customer arising from a sale on account. (满分:2)
A. 错误
B. 正确
正确答案:
22.The accounting equation can be expressed as Assets - Liabilities = Owner's Equity. (满分:2)
A. 错误
B. 正确
正确答案:
23.When common stock is issued in exchange for land, the land should be recorded in the accounts at the par amount of the stock issued. (满分:2)
A. 错误
B. 正确
正确答案:
24.When a stock dividend is declared, it becomes a liability (满分:2)
A. 错误
B. 正确
正确答案:
25.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. (满分:2)
A. 错误
B. 正确
正确答案:
26.Temporary investments are reported on the balance sheet at cost. (满分:2)
A. 错误
B. 正确
正确答案:
27.When old equipment is traded in for a new equipment, the difference between the list price and the trade in allowance is called boot. (满分:2)
A. 错误
B. 正确
正确答案:
28.Paying an account payable increases liabilities and decreases assets (满分:2)
A. 错误
B. 正确
正确答案:
29.During inflationary periods, an advantage of the LIFO inventory cost method is that it matches more recent costs against current revenues. (满分:2)
A. 错误
B. 正确
正确答案:
30.If the liabilities owed by a business total $500,000, then the assets also total $500,000. (满分:2)
A. 错误
B. 正
正确答案:
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