[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
试卷总分:100    得分:100
. y/ q3 l) ]% ^4 Z0 v第1题,A bank reconciliation should be prepared periodically because （  ）
3 V( C. u% a7 O$ `  k8 r" S; p6 lA、the depositor's records and the bank's records are in agreement
B、the bank has not recorded all of its transactions
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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: }. v! S: C& m6 f# U3 F  c第2题,Current liabilities are（  ）
1 V$ c6 n* J1 E# [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
( c; _5 T; s: f- j' @D、due and payable within one year



! n+ [: S0 _$ L" A6 p第3题,Which of the following should not be considered cash by an accountant?
A、coins
( }$ c7 j! |4 [# I6 VB、bank checking accounts
2 b, N4 k" q8 AC、postage stamps
D、Petty cash funds



第4题,The debt created by a business when it makes a purchase on account is referred to as an
5 u- s% O/ u: S1 EA、account payable
+ c( i5 m4 N! C% z2 wB、account receivable
C、asset
2 _# t- I8 W* N/ R; v" W& o6 ED、expense payable


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第5题,The two most common specialized fields of accounting in practice are(  )
A、forensic accounting and financial accounting
B、managerial accounting and financial accounting
C、managerial accounting and environmental accounting
/ o4 u  o, q+ F1 f+ QD、financial accounting and tax accounting systems
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; l1 w/ ?9 X1 H% f0 |第6题,The journal entry a company uses to record the estimated accrued product warranty liability is （  ）
2 ?$ M4 s$ p  I6 \' HA、debit Product Warranty Expense; credit Product Warranty Payable
B、debit Product Warranty Payable; credit Cash
3 |5 a" N) I: Z; M/ d5 E, M/ WC、debit Product Warranty Expense; credit Cash
9 k1 G/ E1 i; g/ YD、debit Product Warranty Payable; credit Product Warranty Expense
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第7题,The most widely used depreciation method is
! e8 U& @0 U- y$ B% u/ MA、straight-line
+ y& O0 I5 V. u3 z2 u. Z) F- PB、sum-of-the-years-digits
+ S+ @/ d! e' I9 w; b; ZC、declining-balance
D、units-of-production
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第8题,Notes may be issued （  ）
# ]3 n3 X! T% M# cA、when assets are purchased
+ N( s9 K) `. P& tB、to creditor's to temporarily satisfy an account payable created earlier
C、when borrowing money
5 K: y$ O: |: X9 }3 b" RD、all of the above
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" X; d; B6 s3 L6 N7 H# l. S第9题,Sinking Fund Cash would be classified on the balance sheet as （  ）
+ n5 C9 X! s. d- kA、a current asset
B、a fixed asset
: x3 Y3 U" P; d' C( dC、an intangible asset
% g! K$ ?. \) ZD、an investment
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0 i( W. o1 a1 ]" s8 K4 P( ~7 {第10题,On the balance sheet, the amount shown for the Allowance for Doubtful Accounts is equal to the （  ）
0 d) b# L3 g* tA、Uncollectible accounts expense for the year
B、total of the accounts receivables written-off during the year
+ A8 o7 D, T. t( P. W  }C、total estimated uncollectible accounts as of the end of the year
& d2 S4 k2 c- s* L# Y+ t, A9 |D、sum of all accounts that are past due.



第11题,When the perpetual inventory system is used, the inventory sold is debited to (  )
0 C9 `; [2 k. q6 P" I+ Q6 Z% ?A、supplies expense
( }) u5 G3 f- |  SB、cost of merchandise sold
C、merchandise inventory
D、sales

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第12题,Stockholders' equity （  ）
A、is usually equal to cash on hand
B、includes paid-in capital and liabilities
" H- R4 a  s1 e/ o. N; j1 D/ vC、includes retained earnings and paid-in capital
9 d- |& J' h" Y. p8 H3 U) i$ a6 R8 ND、is shown on the income statement
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第13题,Debts owed by a business are referred to as（  ）
. v$ _8 ?* ?8 {* g# p0 {A、accounts receivables
# D) P2 B8 f+ m( Q0 i( [B、equities
C、owner's equity
D、liabilities



# A% }7 j3 Z( H, h0 ^3 q第14题,In the accounting cycle, the last step is（  ）
% k* v3 w5 _8 B  ]5 u) ^$ hA、preparing the financial statements
B、journalizing and posting the adjusting entries
' j4 E) \# R! X3 GC、preparing a post-closing trial balance
7 B; b6 x$ n, W5 `1 |: y/ yD、journalizing and posting the closing entries



第15题,Cash equivalents（  ）
; u" w; w6 T" F0 jA、are illegal in some company
/ c+ M/ Q! t' `- h1 k4 ]; c& YB、will be converted to cash within two years
0 M; z( m' k( W5 g* l+ LC、will be converted to cash within 90 days
D、will be converted to cash within 120 days


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5 g6 p4 c# f8 ~第16题,Under which method of cost flows is the inventory assumed to be composed of the most recent costs?
A、average cost
  i4 a, c4 e/ g8 q5 i" EB、last-in, first-out
C、first-in, first-out
8 J$ X1 U% l, ~, J( SD、weighted average

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第17题,The inventory method that assigns the most recent costs to cost of good sold is
A、FIFO
B、LIFO
7 B0 |' s) f% O; uC、average
D、specific identification
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第18题,Financial reports are used by（   ）
A、management
/ \9 E) m; H4 t* M1 e% nB、creditors
C、investors
; @! d. x$ Y$ L# F% _& b7 P7 K+ R" hD、all of the above
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& i9 r# z$ [: c1 v4 g5 b$ C第19题,How is treasury stock shown on the balance sheet?
. }) Z6 e; w) U7 q* k+ `9 SA、as an asset
5 K! F9 Z1 N  E; _& I: tB、as a decrease in stockholders' equity
C、as an increase in stockholders' equity
/ T5 E4 \. r; y5 s( ^D、treasury stock is not shown on the balance sheet
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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?
A、net income is understated
B、net income is overstated
1 s8 p: F% R% V" }$ Q+ p( tC、cost of merchandise sold is understated
D、merchandise inventory reported on the balance sheet is overstated


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( p- a2 G6 R) s  w( h- |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.
4 _; q5 C% P% `1 h8 G( S- MA、错误
6 b7 _' d* F$ p# z3 rB、正确
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3 c6 W  S( r9 c& a第22题,Information is material if its omission or misstatement could influence the economic decisions of users.
) m9 U) e6 N; y. }/ Z, GA、错误
B、正确
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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
B、正确
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# O0 f. v# z  n5 d3 Q  e第24题,Dividends in arrears are liabilities of the corporation.
) S  r- @$ l3 \, fA、错误
B、正确

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- X3 R3 t, d0 G" p第25题,Revenue is earned only when money is received.
A、错误
5 ?; s0 d0 G5 A! Z5 h+ n" TB、正确

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7 L1 v6 t4 b5 U0 U: h第26题,The cost of new equipment is called a revenue expenditure because it will help generate revenues in the future.
0 l$ I6 Z$ k  _$ nA、错误
  G+ n  t$ N: g( @* |4 E0 L& VB、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
+ g9 `; S+ G+ a5 a; E% q. Q( E; MB、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
B、正确
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1 |& w& m- ^+ Y6 N* v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.
A、错误
1 j  N* S3 E1 ZB、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
3 y; \: B( U* IB、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.
, Q4 v! j5 I' g2 d7 d, IA、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
B、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.
0 z, d9 h  i) n8 |/ rA、错误
B、正确



& D' N5 Z6 R( M; |: f第35题,The relationship of each asset item as a percent of total assets is an example of vertical analysis.
A、错误
0 i( ?$ @3 X2 `; u" A: V. i6 z9 T. KB、正确
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9 }- W) c: t1 p7 _, U, y. F3 @, x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.
; K8 `4 A0 V5 }* c+ Y: p* P" WA、错误
" k+ K! ~0 B- O# H  LB、正确



) c5 R6 O. i$ a; q$ O0 k7 Y- e% k第37题,Bondholders are creditors of the issuing corporation.
- @  a4 b/ g+ J& E% RA、错误
& m: I- D9 Z$ E+ ^B、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.
A、错误
B、正确
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第39题,Horizontal analysis is used to compare the financial statements of the same company for different periods.
A、错误
B、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.
A、错误
B、正确


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' F3 Q3 n5 t; q1 f' Q  v8 `7 i3 k2 q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.
' N3 i( H9 g% V/ @5 ?A、错误
4 E: I+ E% ]1 M3 F2 yB、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.
6 o2 K% k0 Z% lA、错误
. d) q0 i  j, P" F# c$ a3 _3 aB、正确
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第43题,Consuming goods and services in the process of generating revenues results in expenses.
' @9 a% e) W1 s2 jA、错误
B、正确
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. Y0 p+ L* H3 {第44题,Bondholders claims on the assets of the corporation rank ahead of stockholders.
A、错误
* P0 m- y$ \8 _  }6 fB、正确
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  x% }; i' ]$ ~0 q5 ~第45题,Intangible assets differ from property, plant and equipment assets in that they lack physical substance.
A、错误
2 A" W7 I1 N9 w; |; uB、正确
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/ ?  O3 g7 c; ?! [, j& T7 w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.
A、错误
5 J8 t# e' b, a/ W8 y% IB、正确

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  O3 S, n8 P8 Z$ j, D  T$ I第47题,Allowance for Doubtful Accounts is a liability account.
A、错误
B、正确



% q3 L; J9 e) S0 w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
B、正确
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* @, B' T2 l% ~第49题,The two main sources of stockholders' equity are investments contributed by stockholders and net income retained in the business.
' r4 p! Q% Z- IA、错误
6 u! z; V& h/ [% a) ~9 n" ~9 n" nB、正确
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, Z, I( ^* \$ F; v( U第50题,Paying an account payable increases liabilities and decreases assets
2 C4 N) {2 ?/ h2 c- q; _A、错误
B、正确




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