|
一、单选题(共 20 道试题,共 40 分。)V 1. The inventory method that assigns the most recent costs to cost of good sold is
8 @0 Y- @: d' K4 N( R2 [A. FIFO# N$ {- C D8 F- e6 \& ]% I
B. LIFO
- W* _2 Z K: H7 G2 U9 f1 J" k! iC. average' z. L2 s, F0 R# Z* l
D. specific identification7 Z; v1 J0 J, \; Z
满分:2 分
7 p, h5 D8 `6 [/ l( @( i2. Cash investments made by the owner to the business are reported on the statement of cash flows in the2 g1 V# X# Z3 m1 S6 b
A. financing activities section& U& i4 f3 T+ z5 N' ?% x
B. investing activities section
) U* _% b; z) [" X2 k3 }) AC. operating activities section) q5 k8 W" D# b
D. supplemental statement
$ r1 d$ w, c/ L 满分:2 分0 n, }. ~5 a! M7 f) H& s
3. The primary purpose of a stock split is to ( )
" R& y* F$ ^# q8 Y: ?( ?A. increase paid-in capital
+ D. W; u: N& T5 K, UB. reduce the market price of the stock per share- X( o) n$ X0 C. R+ w/ b0 D
C. increase the market price of the stock per share
0 ^2 t8 U% [. g: U+ e1 n# xD. increase retained earnings6 c: Z6 H9 ]6 x7 l1 y' D
满分:2 分0 G2 [+ y9 n9 r5 f8 p) J
4. Which of the following financial statements reports information as of a specific date?/ P6 H; C1 B& m6 q! m
A. income statement* k; X' A8 f% u+ b! g
B. statement of owner's equity% s M7 k: K0 D: T {; W3 d
C. statement of cash flows' ?3 m9 C6 Z0 O* j) G# ]
D. balance sheet; e/ |: K6 {$ K8 |4 ^0 U
满分:2 分. c7 _2 e1 H: f! ~+ s2 L
5. Accumulated Depreciation ( )# C) v; G9 s7 B9 ^( r3 L
A. is used to show the amount of cost expiration of intangibles0 Y9 F% X% {+ J# b% @- M9 S
B. is the same as Depreciation Expense
. {3 E1 C/ H6 O& w3 f# `! BC. is a contra asset account# c4 O, i( k6 }) {7 g$ G, _( ~% Z* f
D. is used to show the amount of cost expiration of natural resources; \& U9 i# c5 X2 G- h4 }
满分:2 分
3 q) x$ _9 i# f6 J6 `7 T `7 @6. Merchandise inventory at the end of the year was understated. Which of the following statements correctly states the effect of the error?
$ O$ U' f9 B* yA. net income is understated; e- J! j* Z) V8 H
B. net income is overstated
0 r# ^' M! V9 N2 \+ t, e; RC. cost of merchandise sold is understated2 `# b7 d; X' y2 M" P
D. merchandise inventory reported on the balance sheet is overstated( l; J1 i# |" S Z7 d
满分:2 分
; i6 y$ ]2 X/ S" g3 B) m& s" l7. On the balance sheet, the amount shown for the Allowance for Doubtful Accounts is equal to the ( )/ D, {( P2 _+ \6 m) n3 Z. E
A. Uncollectible accounts expense for the year b' r& U$ b! v2 T7 @8 d
B. total of the accounts receivables written-off during the year
) @1 i- }8 |! L7 \; f. ~C. total estimated uncollectible accounts as of the end of the year" W1 C& I+ [; X
D. sum of all accounts that are past due.
' X' _7 a% g( N- G- t: [* v 满分:2 分% o2 K4 b( r$ B% C) h3 m T8 v! q
8. For accounting purposes, the business entity should be considered separate from its owners if the entity is( )0 D5 _* U3 H, }$ o$ q1 e. K
A. a corporation
3 Z+ s$ W9 N, ?B. a proprietorship
; T0 O, h5 t- ` H/ v; }2 wC. a partnership' u9 H# k( J J/ c; V, F! I) x
D. all of the above
2 q+ G, t, C- m. R6 R0 I 满分:2 分9 J. g4 z* t2 p. `1 a) w( i8 f& \
9. Financial statements in which financial data for two or more companies are combined as a single entity are called
- B6 l# S, [' q$ W1 WA. conventional statements
- a" y. f1 l& _& O9 R* p( S9 SB. consolidated statements
3 A: D: W* `% K l4 MC. audited statements
+ s+ e& Z, f7 `1 XD. constitutional statements
7 w p/ L( [* y9 d' D: K 满分:2 分
& c; w9 ~, C' p8 i6 r10. 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
9 y5 M% V! D4 L9 T! FA. convertible bonds
7 O2 _6 h6 X, BB. unsecured bonds) ~: ]! U. W$ [2 Q
C. debenture bonds- Z6 c- E- t$ y) }9 ~) I
D. callable bonds- W3 P2 C" K$ I/ Z9 F3 Y" \* x* r
满分:2 分
3 D1 |9 D( N3 S2 ]1 e11. The accounting equation may be expressed as( )' f" j0 T6 W' W( B9 o
A. Assets = Equities - Liabilities* c8 j5 _9 a! I1 |2 Y) q+ @% S
B. Assets + Liabilities = Owner's Equity
; l( x5 T' q$ TC. Assets = Revenues less Liabilities/ \" U- T0 |' s# x# K
D. Assets - Liabilities = Owner's Equity/ [/ S7 X$ @+ ]. @ Z2 R1 k. V
满分:2 分
1 G H1 B! N: L: o12. The interest rate specified in the bond indenture is called the ( ), I. D; ?2 k0 q8 `
A. discount rate
8 C7 P& f1 E. d' I% PB. contract rate
- A/ m7 N' D* @! {C. market rate
: E& {. x/ z% vD. effective rate
7 h' b. F; Q$ K3 O2 [- \9 V 满分:2 分
7 @7 b2 b* y3 T5 h, n+ p13. The liability for a dividend is recorded on which of the following dates?
" e" _, w/ |5 h- pA. the date of record! |% L5 E7 |. L( h" Q
B. the date of payment
; O4 t5 y, g0 K" [+ G- pC. the date of announcement
4 j- \% V( j$ ]5 J; G3 Z; d5 V* pD. the date of declaration$ X! q* L' G2 Z+ e# X9 v# o. [
满分:2 分5 y# ?" z K* P% H+ m0 i1 y' G
14. Which of the following groups of accounts have a normal debit balance?7 C6 c k! R6 w9 }6 k; [' \
A. revenues, liabilities, capital
: ^% M8 i) S! g/ D0 ZB. capital, assets
6 b7 G! E) w0 lC. liabilities, expenses
9 r0 P) ~) c: {5 R! {2 j% ]D. assets, expenses
5 t- r6 w; U' p9 r7 }# S 满分:2 分
9 n4 u- n" b1 e0 a. r15. The amount of the outstanding checks is included on the bank reconciliation as a(n) ( )
* b1 I! x2 f; x' JA. deduction from the balance per depositor's records# E C. o) f- h/ |3 Z8 F. J
B. addition to the balance per bank statement
& V, k G1 I4 h4 `" o7 m- YC. deduction from the balance per bank statement
8 E$ }9 `1 \: B# X5 C/ b) ^D. addition to the balance per depositor's records
( O" } Y1 F: _5 A B: N# X 满分:2 分4 [) u* ? {; l5 l/ x7 r8 a3 M
16. Debts owed by a business are referred to as( )- B, b: r4 M1 j# J' p3 Y; L; |
A. accounts receivables- N6 l) Z. F3 h
B. equities4 R* |; Q9 K+ h; v( ?2 B. r8 d
C. owner’s equity
4 W0 y ?$ i7 G' L& b: a7 KD. liabilities
, {2 {. h; R' |7 e% H 满分:2 分
$ _7 _8 ^: t# i: Z/ `& i# R/ J5 O% W17. Financial reports are used by( )8 b; ^% b/ a) f8 @: @/ B
A. management
# z5 Y& U2 S9 l+ E- y1 q2 i* T" k3 vB. creditors+ b7 B8 N4 n& F6 w
C. investors8 Z$ M0 A a% `
D. all of the above. I! W s8 p! p" ` i. Y; a1 T U
满分:2 分. D$ l7 V0 Y% r: ~+ K
18. Sinking Fund Cash would be classified on the balance sheet as ( ) M% b( _* F, u7 R
A. a current asset' O$ N5 Y, y) N% {+ \, y
B. a fixed asset; v0 ]4 K" r0 A
C. an intangible asset
; v+ Y5 D+ F5 C+ ]D. an investment
+ R, Z7 B5 L! b 满分:2 分
! M p4 l! X+ y& l {0 d19. In the accounting cycle, the last step is( )
7 d) d, ]' m+ hA. preparing the financial statements% S6 R! @6 f$ |% D1 Q1 U
B. journalizing and posting the adjusting entries
6 r9 c% G5 u( h! iC. preparing a post-closing trial balance, J1 A! u$ G7 m2 E9 B
D. journalizing and posting the closing entries$ ?6 ]/ V4 K. j1 f6 ]5 U
满分:2 分4 X% e: y. D( h" z/ X) H9 `: Q0 x
20. Characteristics of a corporation include ( )
& i- R) w5 T' A; f0 a# eA. shareholders who are mutual agents9 _+ G) H! q$ `4 K8 l, l0 |
B. direct management by the shareholders (owners)* d6 {, f* w& ~5 p7 W. v6 i& |: |
C. its inability to own property
, p( B" a$ @& HD. shareholders who have limited liability
# i# F |# [9 B/ v7 _1 t9 a) L 满分:2 分* |, ~# q- d- ~7 `9 o0 j, f
二、判断题(共 30 道试题,共 60 分。)V 1. If the liabilities owed by a business total $500,000, then the assets also total $500,000.5 D9 k1 o% @% \; q" h: B
A. 错误
% n {3 e j6 [! aB. 正确
7 W; ~% z7 V3 [, V 满分:2 分1 k) K' [, p! z
2. A fixed asset impairments occurs when the fair value of a fixed asset falls below its book value and is not expected to recover.( H ]4 Z5 @: L% Z9 ^+ B
A. 错误
0 F% H1 y. W, c% F1 uB. 正确6 n5 n- ~. L; P$ ^5 Q+ t. l
满分:2 分
( e J( F0 D, T( X( O3. Allowance for Doubtful Accounts is a liability account.. k. `& R0 T# i$ m" y
A. 错误, B1 N8 A& K& p3 U0 Y0 L4 H# F
B. 正确8 m* `8 j' A7 b: ^# ], u9 ~
满分:2 分/ p/ G! e# D1 z5 E% f
4. 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.! H' Y7 l9 C) ^$ P& s
A. 错误/ d1 l2 Y8 V: y# R2 j0 V7 t
B. 正确
4 P# m: ^/ ]" \ 满分:2 分2 \# V5 {0 A$ k" J
5. Bondholders claims on the assets of the corporation rank ahead of stockholders.
" O" A7 C$ J, ~7 [. {6 Y) ^A. 错误/ Q0 d8 Y; G! p( D |5 N
B. 正确2 H) p8 j# F3 \- J: b e& [: o
满分:2 分2 w; }" V/ t2 i u- i/ y7 Y$ }
6. If ending inventory for the year is understated, net income for the year is overstated.. X2 t' |# a! p% s2 u9 n5 |/ r
A. 错误
6 r$ h& ^- T$ S4 m- IB. 正确
0 X6 L" n$ {( Z7 G) \2 n 满分:2 分1 c- y# `; o9 V- a& C( U& o
7. The declaration of a stock dividend decreases a corporation's stockholders' equity and increases its liabilities.& q+ L% p$ `; F( ]: B7 \1 P" O7 p
A. 错误7 `0 }, j4 b6 \5 Y2 n; H; W
B. 正确/ j0 I9 n5 B8 N
满分:2 分8 z( w" g: p! w+ o8 c1 A
8. An income statement is a summary of the revenues and expenses of a business as of a specific date.$ I' r- v: R1 k) N* b P$ k
A. 错误, t7 t0 T0 P4 O. t
B. 正确
0 s* a% r. H" Y& @: Z$ Y 满分:2 分
8 k! B. ?6 I9 [" G5 ~/ J9. If a firm has a quick ratio of 1, the subsequent payment of an account payable will cause the ratio to increase.5 T+ _9 g0 T- y
A. 错误2 [( G. B) b4 o9 e0 C
B. 正确0 ~% s9 {9 N/ Y9 P: n
满分:2 分1 J7 A8 x* o6 U3 u/ `! z3 F
10. The increase side of all accounts is the normal balance.; u, c6 w8 p1 ~
A. 错误% n2 i1 l$ G* y- p5 p
B. 正确2 n% `, M- E$ K5 A5 i. B! g& P
满分:2 分% o0 [# r1 k; @$ y- g
11. In preparing bank reconciliation, the amount of deposits in transit is deducted from the balance per bank statement.& L1 i3 y, v" V, R$ ~6 s5 Z
A. 错误
. F Z; V3 N# w0 V/ nB. 正确
% E* e! l; i' U/ g$ v9 b 满分:2 分
5 j) q' ]" Q' p3 T. p/ Q12. The accounting equation can be expressed as Assets - Liabilities = Owner's Equity.( T6 {% K0 _5 ^: c% v- A
A. 错误# j9 Q0 B7 H/ `$ b) j; N$ b/ h( R
B. 正确
7 o+ c9 j8 {8 E 满分:2 分
5 o# X% ]3 f9 L9 j13. 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.5 u- d, I, |8 G" [* M7 [, M
A. 错误7 U: z9 S1 |! k. [% f, T8 c
B. 正确( U8 C- S" s/ R
满分:2 分
, a0 b( h; U7 S* l, z- D14. If bonds are sold for a discount, the carrying value of the bonds is equal to the face value less the unamortized discount.
F6 i/ S+ y d8 ` w; W, dA. 错误) C3 n. W+ i% J9 q4 ` R: Z
B. 正确
2 V5 ^" l- @; B( |& m 满分:2 分
3 C/ `8 n: Q8 [, P b$ q* y15. The normal balance of the accumulated depreciation account is debit.
0 G- K& U" s! p0 B/ v5 f/ j6 LA. 错误
; V8 i1 B) [8 i, b+ I) q6 nB. 正确( }0 K+ }& n6 O
满分:2 分
/ `- j: c5 e- |* b. v16. All property, plant, and equipment assets are depreciated over time.& m8 n+ f/ |4 [! m2 t, J9 @" R2 f/ l
A. 错误0 T1 ~3 V" B x) \; m3 n
B. 正确9 E: O8 t. P' T
满分:2 分
' T$ F' ^# q& ~17. Paying an account payable increases liabilities and decreases assets
) I. D# \( `2 b, b! Y: kA. 错误9 I4 G/ @+ S* r' b. d
B. 正确; _/ y9 n) V+ r$ |
满分:2 分
) P; u7 o$ e0 l. Z, D18. Sales Discounts is a revenue account with a credit balance.1 y. Q" f' l# G7 T: M# x
A. 错误6 x5 r/ |8 J* r. Q& n
B. 正确# Q$ ]) a1 s# I. d+ G
满分:2 分
a4 U+ ]6 h, E) f: @; I19. 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.) I* `' M7 P& |) k
A. 错误' N8 i1 E" `+ k
B. 正确
; [' H3 |. x; `: u$ R 满分:2 分
% A$ Z c/ R) u7 {4 x, N" }' j20. 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.& m. @5 |8 U# u) h
A. 错误. L$ B' v9 |! \( J( H6 i S
B. 正确
$ v# m& ^: l% Y4 I3 i: L$ k 满分:2 分& \7 j6 I7 Z: V1 `9 n" s4 W
21. The amortization of a premium on bonds payable decreases bond interest expense.
, w8 c# e$ j/ cA. 错误
$ A+ s- G* p- {B. 正确. x* P* M l6 G5 m
满分:2 分
) g) v7 d' C4 ]$ y22. Information is material if its omission or misstatement could influence the economic decisions of users.0 K" i1 z/ a& q/ }* g a
A. 错误2 `" T& p# W. @% @$ I/ V0 C
B. 正确) G+ h5 W4 |% r
满分:2 分
) |% c) J1 z; |' p3 X) P& f23. Accounting is a service that provides many different users with financial information to make economic decisions./ ]5 a' N0 w; K: g" Z! X
A. 错误
( n' K V u2 `1 {: u" d3 uB. 正确
& D! p* d! q$ Y/ p 满分:2 分$ [# Y$ G. z, |2 J
24. When a large quantity of merchandise is purchased, a reduction allowed on the sale price is called a trade discount.
+ D3 N' e. {# w3 |( _A. 错误3 c0 T- s8 Y6 ]! F4 e+ N) G$ j
B. 正确+ c$ F c8 |/ u3 Y6 }5 W
满分:2 分5 }: f. ?! Y. [2 ]/ w
25. The statement of cash flows consists of an operating section, an income section, and an equity section.
/ S$ R# h7 H0 Z3 AA. 错误
! M, d0 a2 J1 q3 d8 ~' ~' c1 [B. 正确8 Q/ b/ r# w, t u2 q' @
满分:2 分
- t/ u% N8 Q# _' s. _2 F26. When the market rate of interest is less than the contract rate for a bond, the bond will sell for a premium.
8 K) m; h: \; E' `A. 错误
: a/ E# N6 @0 N4 A6 oB. 正确
4 I: T6 G% A' x1 ]5 ?. ~4 \/ H 满分:2 分" s$ A+ G8 {4 v3 z' U+ }
27. If the bondholder has the right to exchange a bond for shares of common stock, the bond is called a convertible bond.: P/ z& Q) p: d& U& i$ q
A. 错误
/ Q5 Q; s5 \3 I, _& nB. 正确
7 U/ m0 \/ e) }( q, v) k& n6 `/ z$ } 满分:2 分% R0 J$ k8 f# P2 m& v* ^
28. The book value of a fixed asset reported on the balance sheet represents its market value on that date.
7 m- B. V- E) iA. 错误/ Q) W2 t, B7 v* R: X" D6 C
B. 正确
, A0 B& \8 \1 |+ t! z9 A6 w* ~+ Y 满分:2 分
) B/ X. O8 N# E9 P1 c( h29. Financial statements should be understandable to everyone.
$ L9 J' z. ?3 p6 v' |" {4 N+ hA. 错误; z1 o. W1 Q% J) v" k' y. r* ?8 }1 w
B. 正确
8 o: J! i2 v7 v3 | O5 K; w 满分:2 分5 O# Z1 N7 m3 u/ d
30. Temporary investments are reported on the balance sheet at cost.
# U& J2 z8 p/ ~" v4 vA. 错误
9 H# |! R% Y. }, A1 [+ v/ J5 iB. 正确
( [6 @6 \: O" F2 Q: h x3 I" ?; \ G 满分:2 分 |
|