[南开大学]18春学期（1709、1803）《会计专业英语》在线作业1（100分）

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【奥鹏】[南开大学]18春学期（1709、1803）《会计专业英语》在线作业
% [7 P. e  w- [5 B. k. Y! G" u试卷总分:100    得分:100
" c4 z/ P) K! t$ J% t; W第1题,A bank reconciliation should be prepared periodically because （  ）
  ~* k5 u+ |0 hA、the depositor's records and the bank's records are in agreement
B、the bank has not recorded all of its transactions
, Z2 @' m1 y* T; K0 ~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
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9 e) l' u1 z) A6 R- t/ w第2题,Current liabilities are（  ）
A、due, but not receivable for more than one year
B、due, but not payable for more than one year
1 O9 Z. Q* q0 z/ z0 C% G" y. BC、due and receivable within one year
D、due and payable within one year

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第3题,Which of the following should not be considered cash by an accountant?
* \, q# e- q, s0 g9 l2 T' n/ {A、coins
B、bank checking accounts
; x8 w8 M- ^' Z9 e) @' T, nC、postage stamps
D、Petty cash funds
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) z4 `6 |6 a. `) T2 c5 [7 Z第4题,The debt created by a business when it makes a purchase on account is referred to as an
A、account payable
B、account receivable
( v( v# W0 h5 E1 l2 fC、asset
D、expense payable


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第5题,The two most common specialized fields of accounting in practice are(  )
. H& C; l6 ~) |# g5 S! kA、forensic accounting and financial accounting
) j# q" n4 v% ], D; q1 q% R% |7 |' \B、managerial accounting and financial accounting
C、managerial accounting and environmental accounting
D、financial accounting and tax accounting systems
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第6题,The journal entry a company uses to record the estimated accrued product warranty liability is （  ）
A、debit Product Warranty Expense; credit Product Warranty Payable
% v; `1 S8 s9 {6 A5 MB、debit Product Warranty Payable; credit Cash
2 W( r: f* Q; JC、debit Product Warranty Expense; credit Cash
D、debit Product Warranty Payable; credit Product Warranty Expense
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第7题,The most widely used depreciation method is
! V( p  h* H, B6 W2 ~/ AA、straight-line
0 K  o' i0 J5 S7 }- q  A7 @) ~- QB、sum-of-the-years-digits
% ^+ }- ]: B% G) R" R) aC、declining-balance
D、units-of-production
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第8题,Notes may be issued （  ）
. p+ |# u0 j3 N; l9 qA、when assets are purchased
) H: D/ v2 C: W% u# yB、to creditor's to temporarily satisfy an account payable created earlier
- h. w' j! B5 e! r" g0 MC、when borrowing money
D、all of the above
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* {( E* ^) q1 O$ Q3 F第9题,Sinking Fund Cash would be classified on the balance sheet as （  ）
A、a current asset
B、a fixed asset
, x, I' z; c) jC、an intangible asset
& Y& O2 M% i1 K# r, q2 y7 ]D、an investment


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3 x3 w5 j6 m5 k: |第10题,On the balance sheet, the amount shown for the Allowance for Doubtful Accounts is equal to the （  ）
# W' c0 f% l  w( RA、Uncollectible accounts expense for the year
0 E, ]* e+ N* M) \* N4 SB、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.

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: S: r" }( I1 W; p第11题,When the perpetual inventory system is used, the inventory sold is debited to (  )
A、supplies expense
3 t; b8 [9 x& O& OB、cost of merchandise sold
C、merchandise inventory
- ~* Y* P9 U- D0 v: F0 y" E/ s& {D、sales


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第12题,Stockholders' equity （  ）
' S6 M; G/ w9 X% d6 fA、is usually equal to cash on hand
- ]6 m; ]" Q2 f, }+ Y2 Q7 o2 yB、includes paid-in capital and liabilities
C、includes retained earnings and paid-in capital
D、is shown on the income statement
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% b; P# Y% E0 w, \第13题,Debts owed by a business are referred to as（  ）
$ n" @4 `3 H8 ~0 g( NA、accounts receivables
5 y- Y% P, l. p: U5 [! FB、equities
C、owner's equity
D、liabilities
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第14题,In the accounting cycle, the last step is（  ）
6 F& n* }1 N. A- H% [9 oA、preparing the financial statements
* L  w% f4 t( W9 a& a9 |0 CB、journalizing and posting the adjusting entries
C、preparing a post-closing trial balance
D、journalizing and posting the closing entries
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第15题,Cash equivalents（  ）
; D. C1 l8 B0 \+ OA、are illegal in some company
B、will be converted to cash within two years
C、will be converted to cash within 90 days
/ r: d/ l! b5 ^- TD、will be converted to cash within 120 days
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6 o  s  I, t7 z( H( D第16题,Under which method of cost flows is the inventory assumed to be composed of the most recent costs?
A、average cost
B、last-in, first-out
% n, }1 r/ _, B" m( h3 b: `C、first-in, first-out
( o/ Y& }$ @* K8 F6 ID、weighted average
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+ M4 F4 Y! h7 s5 ?9 J, F& v6 V8 H第17题,The inventory method that assigns the most recent costs to cost of good sold is
A、FIFO
: R+ k4 j$ ^* O9 J( L: jB、LIFO
& O1 E0 b5 Z0 i( QC、average
D、specific identification
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第18题,Financial reports are used by（   ）
A、management
( }% ?. r! Z, c9 vB、creditors
C、investors
6 w) i" O$ S# w0 iD、all of the above

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/ v) U, C( E: V0 C8 `' u* J第19题,How is treasury stock shown on the balance sheet?
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
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# K- c$ [6 {# W7 o, d第20题,Merchandise inventory at the end of the year was understated.  Which of the following statements correctly states the effect of the error?
- l8 @1 T* ?, r* YA、net income is understated
B、net income is overstated
0 t+ X- i; @5 n* c$ ?C、cost of merchandise sold is understated
D、merchandise inventory reported on the balance sheet is overstated

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# J  y  D1 u' X+ H! y第21题,A fixed asset impairments occurs when the fair value of a fixed asset falls below its book value and is not expected to recover.
; {& C1 Y( Y# P4 AA、错误
7 m3 [& n& b$ s7 O5 T: kB、正确

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6 K+ F# E$ [$ }  _第22题,Information is material if its omission or misstatement could influence the economic decisions of users.
A、错误
$ A3 ]6 f# {) u  J. f( {# |B、正确
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) R. U% g0 J" R, h- q4 t, P第23题,The allowance for doubtful accounts is similar to accumulated depreciation in that the account represents the total of all accounts written-off since the beginning year.
A、错误
2 s2 `* Z" ]7 w0 y' _B、正确



第24题,Dividends in arrears are liabilities of the corporation.
3 B- l* n& P' G' F( k" a! j6 fA、错误
B、正确
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第25题,Revenue is earned only when money is received.
A、错误
" I' R- C" c7 h' I- \B、正确
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第26题,The cost of new equipment is called a revenue expenditure because it will help generate revenues in the future.
A、错误
6 j# T% A1 i  k1 y  e, E3 ?+ sB、正确
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第27题,The day on which the board of directors of the corporation distributes a dividend is called the declaration date.
A、错误
B、正确

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第28题,The amortization of a premium on bonds payable decreases bond interest expense.
A、错误
B、正确
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第29题,Any difference between the fair market values of the securities and their cost is a realized gain or loss.
A、错误
( ?4 V# }8 {/ rB、正确
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( l' f* s% P: K7 ^- k. k# A第30题,When the market rate of interest is less than the contract rate for a bond, the bond will sell for a premium.
0 e* }* _% i' WA、错误
B、正确


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第31题,The matching concept requires expenses be recorded in the same period that the related revenue is recorded.
A、错误
( L/ [/ {7 a4 l, p; Y0 e3 e/ CB、正确
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第32题,The statement of cash flows consists of an operating section, an income section, and an equity section.
A、错误
B、正确

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第33题,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
% F0 E* v9 P( T+ IB、正确

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第34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.
4 _. ~9 v% i4 i- X9 [6 ^A、错误
B、正确
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第35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36题,The main reason that the bank statement cash balance and the depositor's cash balance do not initially balance is due to timing differences.
; S  B6 I1 E$ J7 q" k; E  o& b" XA、错误
4 ?) R4 ]8 d5 K- b8 ?B、正确

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8 N" i6 |" q2 c4 x  G" F8 Q第37题,Bondholders are creditors of the issuing corporation.
, `' T0 L. N" D9 a6 ~0 x, a1 R2 rA、错误
" {4 P, L" e7 g2 G9 ^; b# S7 nB、正确

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第38题,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.
) g9 o+ X. t& E- v- S3 uA、错误
+ V) [4 C( ^; h0 c) JB、正确
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, R: w3 Z0 |5 B7 f" k* J" ^$ |第39题,Horizontal analysis is used to compare the financial statements of the same company for different periods.
A、错误
* I& x, `1 k/ T+ ^2 E' lB、正确
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第40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.
# o' j% k  L$ x% ^7 tA、错误
" t2 D( n# f6 |' A! \B、正确
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; n3 H& e& g2 b2 b第41题,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
6 [; V  s' M6 _* rB、正确
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第42题,Overall objective of financial reporting is to provide financial information useful to internal users in making economic decisions.
$ k/ x& ^5 U, }1 E* z1 IA、错误
B、正确

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; k0 p6 F! C( d5 ^" i1 i# h第43题,Consuming goods and services in the process of generating revenues results in expenses.
A、错误
B、正确
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  T+ a1 A+ Z& F/ a7 l第44题,Bondholders claims on the assets of the corporation rank ahead of stockholders.
A、错误
B、正确


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第45题,Intangible assets differ from property, plant and equipment assets in that they lack physical substance.
- X4 a5 |4 ?) X" vA、错误
B、正确
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第46题,If the debit portion of an adjusting entry is to an asset account, then the credit portion must be to a liability account.
/ E% s' k4 w* d2 `1 V  BA、错误
! d% r. I* S" K0 X' Q$ cB、正确
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第47题,Allowance for Doubtful Accounts is a liability account.
A、错误
0 z. O  l2 R5 T+ K% n, Q6 [' eB、正确


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第48题,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
6 u; I6 y5 s9 D7 Z" [B、正确

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8 z6 ~( b; q' A7 r第49题,The two main sources of stockholders' equity are investments contributed by stockholders and net income retained in the business.
" A" B4 y4 J  x  A, c" r3 tA、错误
9 M1 A( d+ w( E3 B3 E8 f, w/ v7 F) jB、正确
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: \& t; @- ]& z+ @第50题,Paying an account payable increases liabilities and decreases assets
/ P( i& X$ R  T: O0 @. tA、错误
! u0 p" ?% t7 K0 cB、正确
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