南开21春学期《会计专业英语》在线作业-2100分

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资料来源：谋学网（www.mouxue.com）-[南开大学]21春学期（1709、1803、1809、1903、1909、2003、2009、2103）《会计专业英语》在线作业
( P: D! N! [9 N- p9 w9 E试卷总分:100    得分:100
第1题,How is treasury stock shown on the balance sheet?
A、as an asset
B、as a decrease in stockholders' equity
/ n. @  \; ^% ^5 W! n( b" oC、as an increase in stockholders' equity
; @9 d0 A! V: R* xD、treasury stock is not shown on the balance sheet
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* D6 C* K* o& E第2题,One of the main disadvantages of the corporate form is the(   )
: K2 W+ Z' F2 t( [, QA、professional management
) Z, ^. S& @9 gB、double taxation of dividends
C、charter
D、corporation must issue stock
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" G- W! C+ o0 S' D第3题,Characteristics of a corporation include (  )
A、shareholders who are mutual agents
B、direct management by the shareholders (owners)
5 \7 g9 S$ z  `# U) [$ p. U1 wC、its inability to own property
D、shareholders who have limited liability
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第4题,Notes may be issued （  ）
A、when assets are purchased
B、to creditor's to temporarily satisfy an account payable created earlier
& p  q3 l; E9 U* _' N6 x3 N$ W) gC、when borrowing money
D、all of the above
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0 _2 s( ^- }! r1 u. x' S# `. x( w资料来源：谋学网（www.mouxue.com）,What is the type of account and normal balance of Allowance for Doubtful Accounts?
! c- U( q" O2 @: |2 V9 I8 t' NA、Contra asset, credit
B、Asset, debit
, O& {+ _! T# n, JC、Asset, credit
D、Contra asset, debit
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第6题,Which of the following measures a company's ability to pay its current liabilities?
9 _( M# b3 k* Y& n8 x5 s& NA、earnings per share
B、inventory turnover
+ L) k; O0 P4 L, i7 j0 g% cC、current ratio
D、number of times interest charges earned
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8 p+ c/ Y* k, u0 b) q/ Z, d1 W第7题,The method of accounting for investments in equity securities in which the investor records its share of periodic net income of the investee is the (  )
A、cost method
/ f( Y' |* m, A3 GB、market method
: j: v' u9 Q' D4 `2 S. TC、income method
1 w! V( d5 L( x0 G% s4 v! }D、equity method
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第8题,Expenses are reported on the（   ）
A、income statement
: y* t# q8 ~1 ~, ^3 m% d# XB、statement of owner's equity
) X  k& p5 X. S1 L! bC、statement of cash flows
D、balance sheet
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: ]5 H* L# h4 D+ g! F' ^第9题,Expenses are recorded when(   )
A、cash is paid for services rendered
B、a bill is received in advance of services rendered
C、services are rendered
D、none of the above
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5 V. o6 g8 `5 C% R/ o# {资料来源：谋学网（www.mouxue.com）,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
' C0 I5 o5 @5 F+ zD、balance sheet
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第11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
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$ Z, n( Q9 m* b/ W6 q3 D2 S资料来源：谋学网（www.mouxue.com）,Cash equivalents(  )
, b0 M/ b5 v! m& I- E7 [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
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第13题,Austin, Inc. made a Prepaid Rent payment of $3,500 on January 1st.  The company's monthly rent is  $700.  The amount of Prepaid Rent that would appear on the January 31 balance sheet after adjustment is:
A、$2,800
8 N. K7 ~" b8 ^$ l1 T+ Q- w; PB、$700
C、$3,500
D、$1,750
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第14题,A characteristic of a fixed asset is that it is （  ）
A、intangible
B、used in the operations of a business
C、held for sale in the ordinary course of the business
D、none of the above
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1 A$ s; S& X" T资料来源：谋学网（www.mouxue.com）,Which of the items below is not a business organization form?(   )
# n" x4 Z- x! xA、entrepreneurship
B、proprietorship
# f9 x4 W- p; E4 v2 k7 ]2 [C、partnership
D、corporation
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5 S* _# V5 ]( _8 l& o* P第16题,The two methods of accounting for investments in stock are the cost method and the (  )
2 i6 y; q7 m( A3 U8 }  zA、straight-line method
# b: _3 m, n" }) g5 v: y/ a  h, Q; |B、equity method
* Y! o) J% R# H8 F6 {C、liability method
, D* q$ L$ k- o( H/ e$ [/ N: e1 u" sD、interest method
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8 T6 v0 n5 P" l/ t8 Y) r第17题,Which of the following is not included in the computation of the quick ratio?
; ?0 e' P' J# E: cA、inventory
B、marketable securities
C、accounts receivable
) p$ k6 [9 {0 A5 y& ~* O8 w' V0 lD、cash
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8 t8 n4 S% a/ q* F' ~第18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
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) @8 y" Z4 j/ Z" R+ r第19题,The business entity concept means that
& V; y8 j" w0 Y) H$ y6 @; HA、the owner is part of the business entity
" V. p- H  ?! u% R8 W+ ^, XB、an entity is organized according to state or federal statutes
  J6 ?1 Z  _  [0 J4 OC、an entity is organized according to the rules set by the FASB
- G$ S$ q# ]; t" Y& {: HD、the entity is an individual economic unit for which data are recorded, analyzed, and reported
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  W" J. Y! ]6 ~0 `资料来源：谋学网（www.mouxue.com）,A capital expenditure results in a debit to (  )
' |  W" [# H, cA、an expense account
4 F. A% s4 z. Q/ x: q9 p) JB、a capital account
C、a liability account
D、an asset account
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第21题,The cost of new equipment is called a revenue expenditure because it will help generate revenues in the future.
A、错误
) y: p4 p) b* H2 r6 s+ w" sB、正确
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. ?3 h# `6 T: K( k! m+ x5 S1 P/ H第22题,A business using the perpetual inventory system, with its detailed subsidiary records, does not need to take a physical inventory.
( G! ?9 D* w' N* u9 DT、对
F、错
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第23题,The relationship of each asset item as a percent of total assets is an example of vertical analysis.
A、错误
B、正确
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第24题,During inflationary periods, the use of the FIFO method of costing inventory will result in a greater amount of net income than would result from the use of the LIFO cost method.
4 u5 M- M6 b% V  ^+ QT、对
F、错
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资料来源：谋学网（www.mouxue.com）,An example of an external user of accounting information is the government.
T、对
. X8 ^1 z: ~7 @" e% m# ^" z2 ]1 VF、错
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# B+ a7 E2 }/ i) _第26题,Treasury Stock is listed in the stockholders' equity section on the balance sheet.
T、对
# _2 o2 `- C. y$ v2 cF、错
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第27题,In preparing bank reconciliation, the amount of deposits in transit is deducted from the balance per bank statement.
A、错误
# w, `( W7 c# B  t, j* h% c; F* t4 aB、正确
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! ?+ j1 R; U0 M( z6 o8 w第28题,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.
T、对
F、错
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第29题,Even when a trial balance is in balance, there may be errors in the individual accounts.
T、对
F、错
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$ b4 V8 t8 y. R* t资料来源：谋学网（www.mouxue.com）,The matching concept supports reporting revenues and related expenses in the same period.
T、对
F、错
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第31题,An account receivable is a claim against a customer arising from a sale on account.
$ y8 A0 d( L: Y+ X7 X. FT、对
/ r- `$ W+ |/ E( \. Q7 n4 W$ m# UF、错
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) o8 D! Q7 ]* P/ v# y( v, g第32题,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.
2 @6 g! t7 r* Q8 f/ p) K: ^8 h: yA、错误
% V# M: Y- j- l7 \9 m" v/ B: `B、正确
8 G5 i/ v; y. F4 B+ Q' F: U3 U正确资料:F
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第33题,The two main sources of stockholders' equity are investments contributed by stockholders and net income retained in the business.
A、错误
: R4 [$ M+ u+ I( [' u0 VB、正确
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第34题,Information is material if its omission or misstatement could influence the economic decisions of users.
  a9 l& P4 K' ^% a3 m3 l, ^+ v  u+ p: bA、错误
B、正确
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第35题,When a large quantity of merchandise is purchased, a reduction allowed on the sale price is called a trade discount.
) u  s  F% \" Q3 DA、错误
B、正确
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第36题,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
" ?7 M' |7 \! ~B、正确
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  @5 \7 O! K* A6 W) R, \第37题,Accounting Process is identifying, measuring, recording, and communicating economic information to permit informed judgments and decisions by users of information.
& \+ e' ~& Z5 f! Y$ p8 y& qA、错误
B、正确
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- G$ z0 G) G, K0 [3 S第38题,The increase side of all accounts is the normal balance.
T、对
* v7 M6 ?7 g; aF、错
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# t* `6 R; R" C' d$ E' G" X/ e第39题,Revenue is earned only when money is received.
( J6 d% I( c& F8 Q; tT、对
$ f6 w+ L8 n/ N: ]" FF、错
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) d  V9 |/ y2 f& R0 G$ N4 M第40题,The accounting equation can be expressed as Assets - Liabilities = Owner's Equity.
: B; d( v1 F: n6 \' p' I5 J) V3 GT、对
( c8 J  |% ?, G+ F% x6 V* |F、错
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5 @; E5 t/ c9 g1 P& m# g8 \第41题,Under the accrual basis for the accounting period concept, revenues are reported in the income statement in the period in which they are earned.
6 K* N% d/ J8 q; |! _3 G# eT、对
2 a) x* f. A9 S* S% {0 WF、错
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" n" }9 k0 A" d第42题,When using the FIFO inventory costing method, the most recent costs are assigned to the cost of goods sold.
0 L: B0 R" C$ w7 h1 YA、错误
* N0 u+ k1 K' x9 U) QB、正确
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" w* t8 \) K; t+ H/ \* Y第43题,When using the FIFO inventory costing method, the most recent costs are assigned to the cost of goods sold.
3 n% V& I3 F8 H' W0 IT、对
: T3 b! S7 ]3 `0 }5 |& m' K5 yF、错
正确资料:F
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第44题,An income statement is a summary of the revenues and expenses of a business as of a specific date.
T、对
F、错
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0 Y( U1 C5 w* k: x/ [第45题,The maturity value of a note receivable is always the same as its face value.
T、对
F、错
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5 X$ v: N; I) ^1 S& j& }! o: I第46题,The accrual basis of accounting requires revenue be recorded when cash is received from customers.
+ [6 I/ Z7 A% h/ B0 O4 ^A、错误
/ E9 {2 {0 t" \7 o. @B、正确
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; Z' n4 h/ N/ u9 z5 z( ~. G/ P第47题,For a current liability to exist, the following two tests must be met.  The liability must be due usually within a year and must be paid out of current assets.
0 ~, E$ j9 I" |( A2 u8 e' ZA、错误
B、正确
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第48题,Before a stock dividend can be declared or paid, there must be sufficient cash.
: @0 Z6 u( N: o. K, J4 cT、对
F、错
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3 ?2 D0 U: H) }) R0 I. ]2 e第49题,Ordinarily, a corporation owning a significant portion of the voting stock of another corporation accounts for the investment using the equity method.
T、对
F、错
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资料来源：谋学网（www.mouxue.com）,An account receivable is typically classified as a revenue.
! `) v) _$ Y0 G: K0 kT、对
2 O8 E9 R1 O3 I: B) d- ~F、错
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