[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
: `/ d( g6 I% u+ ]9 C' p4 T* \5 q  `+ N第1题,A bank reconciliation should be prepared periodically because （  ）
A、the depositor's records and the bank's records are in agreement
  p7 h4 t8 Y0 m0 Y! N; Y6 CB、the bank has not recorded all of its transactions
0 o, v. |) q" j3 G2 U. h$ R0 |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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* B4 v; B+ x3 B# Y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 p9 e; ~& [/ _( FC、due and receivable within one year
D、due and payable within one year
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) V5 r5 p% p7 W7 d* c第3题,Which of the following should not be considered cash by an accountant?
A、coins
B、bank checking accounts
C、postage stamps
& [8 d/ c  d' ?) v. o( ~+ t  aD、Petty cash funds

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7 ~, K, V% j; `9 O第4题,The debt created by a business when it makes a purchase on account is referred to as an
! T" i1 P. O. k, _" R9 [' I% TA、account payable
" y5 K6 a2 W$ J- ^) |" Q1 H2 DB、account receivable
( q1 ]$ e5 @( w2 r' UC、asset
D、expense payable


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0 d9 E- ?; J0 }' y8 e第5题,The two most common specialized fields of accounting in practice are(  )
# N7 ~4 Z* A7 D. ]9 y' e; dA、forensic accounting and financial accounting
B、managerial accounting and financial accounting
C、managerial accounting and environmental accounting
D、financial accounting and tax accounting systems

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# B4 C0 e9 L* @3 E. C: m" e第6题,The journal entry a company uses to record the estimated accrued product warranty liability is （  ）
0 M, |: [" {: g  e4 A# ]& b. t- eA、debit Product Warranty Expense; credit Product Warranty Payable
B、debit Product Warranty Payable; credit Cash
6 A6 C3 g4 E1 D4 PC、debit Product Warranty Expense; credit Cash
D、debit Product Warranty Payable; credit Product Warranty Expense



7 q1 N! E, i, D5 C6 q第7题,The most widely used depreciation method is
: x0 Z0 X3 w; h& m% @% d& u# TA、straight-line
B、sum-of-the-years-digits
: m$ }3 I& c2 lC、declining-balance
. X  w; F! e/ V+ ?D、units-of-production

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第8题,Notes may be issued （  ）
A、when assets are purchased
B、to creditor's to temporarily satisfy an account payable created earlier
  F/ }6 o% c# p0 v# d; ~C、when borrowing money
" l, y" O- A1 y  b9 P( K. X( ^D、all of the above
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3 H. u" h4 R, n- G8 W, e第9题,Sinking Fund Cash would be classified on the balance sheet as （  ）
  M+ J% D( j0 d' {; IA、a current asset
B、a fixed asset
C、an intangible asset
D、an investment
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$ n  j# Y2 Z* {第10题,On the balance sheet, the amount shown for the Allowance for Doubtful Accounts is equal to the （  ）
% s" ~9 T% p5 E# VA、Uncollectible accounts expense for the year
, n8 r1 ]" d6 O" c9 eB、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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第11题,When the perpetual inventory system is used, the inventory sold is debited to (  )
A、supplies expense
) `8 f. g0 w5 @B、cost of merchandise sold
9 F& b: P6 t2 X6 r. Y! v6 |C、merchandise inventory
D、sales


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第12题,Stockholders' equity （  ）
A、is usually equal to cash on hand
7 b2 t) x0 _4 ]1 Z! J' mB、includes paid-in capital and liabilities
C、includes retained earnings and paid-in capital
5 j% d. Y9 [4 Z/ ?. t# G* P+ kD、is shown on the income statement
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# D- N0 q: ^- u( G- O第13题,Debts owed by a business are referred to as（  ）
1 H1 f) E. {! k2 Y5 P. J. k3 lA、accounts receivables
B、equities
C、owner's equity
D、liabilities

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7 U( M# k" e% Q3 \! \( X) H. _: [3 W  U第14题,In the accounting cycle, the last step is（  ）
) M1 t% y+ x9 ]4 E' `0 TA、preparing the financial statements
B、journalizing and posting the adjusting entries
# x1 i; T  W4 _( J+ |. R6 k: H: SC、preparing a post-closing trial balance
) f- w9 r, R$ q. p2 |3 DD、journalizing and posting the closing entries
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+ `* `2 z% a- n: @2 \$ r7 P6 {& `第15题,Cash equivalents（  ）
  h4 {4 \: u3 W6 j# X4 }9 s+ IA、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16题,Under which method of cost flows is the inventory assumed to be composed of the most recent costs?
( U. |# ~' c5 x6 f$ @A、average cost
. g9 u$ p9 q( W3 a2 f5 K! nB、last-in, first-out
C、first-in, first-out
D、weighted average


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$ `  `4 n3 M- y+ M; c# m第17题,The inventory method that assigns the most recent costs to cost of good sold is
A、FIFO
B、LIFO
7 n6 N* Z, o- j, ?1 g$ r' CC、average
/ ^7 Y: M& b1 t4 OD、specific identification



第18题,Financial reports are used by（   ）
A、management
6 |& @) _5 Q, n- DB、creditors
* G9 O4 @5 N% U6 D( i% c7 O( KC、investors
D、all of the above
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第19题,How is treasury stock shown on the balance sheet?
. a$ c2 _* [& A; ?, p: s. f7 NA、as an asset
B、as a decrease in stockholders' equity
0 V. ?" y4 N0 f3 Q/ W4 q6 M' jC、as an increase in stockholders' equity
' m. ?8 O2 `* P! r* ~0 _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?
, n1 s2 s& T, V' F! ]& s  t* QA、net income is understated
B、net income is overstated
- v1 [6 @0 T! P" j4 |. b4 sC、cost of merchandise sold is understated
D、merchandise inventory reported on the balance sheet is overstated
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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.
A、错误
: Z4 N* _# v8 dB、正确
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第22题,Information is material if its omission or misstatement could influence the economic decisions of users.
: C. ?2 @/ i* X: b) KA、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
, M. [6 V1 ]- J6 r- _B、正确



: r* @( V! L( Q4 V0 P8 v3 N第24题,Dividends in arrears are liabilities of the corporation.
A、错误
$ `& {" |* R, h! B& n: m# NB、正确


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6 j" N( j( g, N: w第25题,Revenue is earned only when money is received.
A、错误
) `% G$ K* G  {, r' RB、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
B、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.
+ q- M+ J- U" x+ ^A、错误
B、正确
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% f8 b9 A( B' v' u! ?第28题,The amortization of a premium on bonds payable decreases bond interest expense.
A、错误
B、正确



第29题,Any difference between the fair market values of the securities and their cost is a realized gain or loss.
4 v( y0 A6 Q; k& }3 tA、错误
B、正确
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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.
. l$ f" G; P$ _A、错误
3 W# ^/ m' T! a' C+ e) kB、正确

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7 Q3 i8 L( }& w3 _第31题,The matching concept requires expenses be recorded in the same period that the related revenue is recorded.
$ y7 o5 y- A) ~1 e! ?A、错误
7 x) y) G9 h9 S7 \, ?4 O5 ?B、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.
5 `8 _4 I% i" ~( r9 k8 j7 tA、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.
* S2 H- J1 ?( E- d* G, |8 `A、错误
4 h7 ?( i* K$ R, ]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.
A、错误
7 V, t5 j6 \. }B、正确
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" ]: @7 }- _, N0 A/ E% T8 u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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# S: k$ w- ~# z- G4 Q7 @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.
A、错误
B、正确


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第37题,Bondholders are creditors of the issuing corporation.
# q9 t! _' |: D1 b8 D  EA、错误
- p2 K5 u- l( Z. V. V- J4 QB、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.
9 j  S$ l2 [. e) s7 Z# dA、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.
5 p4 o7 b" L* H+ x. ]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.
8 G+ c" I6 ~8 e3 E+ F1 J' [- {' vA、错误
- Y1 Y1 O3 T: ?B、正确
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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.
- [0 B! Z0 w- y4 y: q. o2 mA、错误
B、正确



第42题,Overall objective of financial reporting is to provide financial information useful to internal users in making economic decisions.
6 j# n/ d3 e: m8 T. iA、错误
0 O( E- {' B" [7 @/ ^9 c# k/ jB、正确
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! f. s- V/ f1 D" N& _& U3 f第43题,Consuming goods and services in the process of generating revenues results in expenses.
A、错误
- v- t8 @; K4 w! c# N; M+ \B、正确
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第44题,Bondholders claims on the assets of the corporation rank ahead of stockholders.
9 d$ u2 ~( M( r5 y$ c0 L) x1 l; O( ]% KA、错误
8 T+ G1 C7 a% ~+ I( X  H* cB、正确



' D8 j2 m: ?; T+ V) k第45题,Intangible assets differ from property, plant and equipment assets in that they lack physical substance.
A、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.
1 I- z- T' ?. Q8 pA、错误
B、正确

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- N, W) g# C* y' z第47题,Allowance for Doubtful Accounts is a liability account.
0 p7 r  z8 Y' C! u" C! gA、错误
3 J4 d6 F0 T) u8 a; R0 ^B、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
* A$ \7 C. m3 @# r1 q$ D1 H8 AB、正确


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+ ]8 r1 N9 m+ x; R1 P: y* Q9 x第49题,The two main sources of stockholders' equity are investments contributed by stockholders and net income retained in the business.
3 j9 [  ^& u. YA、错误
, i2 T8 @" u2 p# l  LB、正确



* V) r3 @8 ~8 [$ |+ X/ C第50题,Paying an account payable increases liabilities and decreases assets
+ v5 v3 z, w$ u- t1 |A、错误
) X3 i; ~4 {# r/ U% D9 kB、正确
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