16秋南开大学《会计专业英语》在线作业辅导
16秋南开大学《会计专业英语》在线作业一、单选题：
1.Current liabilities are( ) (满分:2)
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
2.Under which method of cost flows is the inventory assumed to be composed of the most recent costs? (满分:2)
A. average cost
B. last-in
first-out
C. first-in
first-out
D. weighted average
3.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
4.Cash equivalents( ) (满分:2)
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
5.The cost of a product warranty should be included as an expense in the ( ) (满分:2)
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
6.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
7.When the perpetual inventory system is used, the inventory sold is debited to( ) (满分:2)
A. supplies expense
B. cost of merchandise sold
C. merchandise inventory
D. sales
8.Debts owed by a business are referred to as( ) (满分:2)
A. accounts receivables
B. equities
C. owner’s equity
D. liabilities
9.On the balance sheet, the amount shown for the Allowance for Doubtful Accounts is equal to the ( ) (满分:2)
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.
10.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
11.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
12.Which of the items below is not a business organization form?( ) (满分:2)
A. entrepreneurship
B. proprietorship
C. partnership
D. corporation
13.Sinking Fund Cash would be classified on the balance sheet as ( ) (满分:2)
A. a current asset
B. a fixed asset
C. an intangible asset
D. an investment
14.How is treasury stock shown on the balance sheet? (满分:2)
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
15.Which of the following groups of accounts have a normal debit balance? (满分:2)
A. revenues
liabilities
capital
B. capital
assets
C. liabilities
expenses
D. assets
expenses
16.Using accrual accounting, expenses are recorded and reported only( ) (满分:2)
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
17.The two most common specialized fields of accounting in practice are( ) (满分:2)
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
18.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
19.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
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
三、判断题：
1.The amortization of a premium on bonds payable decreases bond interest expense. (满分:2)
A. 错误
B. 正确
2.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. (满分:2)
A. 错误
B. 正确
3.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
4.Accounting is a service that provides many different users with financial information to make economic decisions. (满分:2)
A. 错误
B. 正确
5.Prepaid expenses are an example of an expense. (满分:2)
A. 错误
B. 正确
6.The cost of new equipment is called a revenue expenditure because it will help generate revenues in the future. (满分:2)
A. 错误
B. 正确
7.In preparing bank reconciliation, the amount of outstanding checks is added to the balance per bank statement. (满分:2)
A. 错误
B. 正确
8.The accounting equation can be expressed as Assets - Liabilities = Owner's Equity. (满分:2)
A. 错误
B. 正确
9.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
10.An account receivable is a claim against a customer arising from a sale on account. (满分:2)
A. 错误
B. 正确
11.The accrual basis of accounting requires revenue be recorded when cash is received from customers. (满分:2)
A. 错误
B. 正确
12.The relationship of each asset item as a percent of total assets is an example of vertical analysis. (满分:2)
A. 错误
B. 正确
13.Horizontal analysis is used to compare the financial statements of the same company for different periods. (满分:2)
A. 错误
B. 正确
14.If a firm has a quick ratio of 1, the subsequent payment of an account payable will cause the ratio to increase. (满分:2)
A. 错误
B. 正确
15.When a stock dividend is declared, it becomes a liability (满分:2)
A. 错误
B. 正确
16.Cash equivalents are short -term investments that will be converted to cash within 120 days. (满分:2)
A. 错误
B. 正确
17.Paying an account payable increases liabilities and decreases assets (满分:2)
A. 错误
B. 正确
18.Primary users of accounting information are accountants. (满分:2)
A. 错误
B. 正确
19.Capital expenditures are costs that are charged to Stockholders' Equity accounts. (满分:2)
A. 错误
B. 正确
20.Treasury Stock is listed in the stockholders' equity section on the balance sheet. (满分:2)
A. 错误
B. 正确
21.Consuming goods and services in the process of generating revenues results in expenses. (满分:2)
A. 错误
B. 正确
22.In preparing bank reconciliation, the amount of deposits in transit is deducted from the balance per bank statement. (满分:2)
A. 错误
B. 正确
23.The book value of a fixed asset reported on the balance sheet represents its market value on that date. (满分:2)
A. 错误
B. 正确
24.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
25.Ordinarily, a corporation owning a significant portion of the voting stock of another corporation accounts for the investment using the equity method. (满分:2)
A. 错误
B. 正确
26.The prices of bonds are quoted as a percentage of the bonds' market value. (满分:2)
A. 错误
B. 正确
27.Revenue accounts are increased by credits. (满分:2)
A. 错误
B. 正确
28.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
29.The double-entry accounting system records each transaction twice. (满分:2)
A. 错误
B. 正确
30.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. (满分:2)
A. 错误
B. 正确
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