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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
5 O/ t8 j9 t: B% W; _6 \试卷总分:100 得分:100
2 u# L5 J- l9 l第1题,A bank reconciliation should be prepared periodically because ( )
. T0 ^+ N6 k" AA、the depositor's records and the bank's records are in agreement
/ {) b; h/ D ~B、the bank has not recorded all of its transactions6 R0 ]( z: ^7 [7 }- b
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, Y& R% C' d% L: P* q- I
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第2题,Current liabilities are( )8 y2 T& Q% y' I3 D I/ ?4 J$ k
A、due, but not receivable for more than one year
* J( B3 | E1 v4 {. |4 v; vB、due, but not payable for more than one year
# W, l; k: @! U; I" f0 ^C、due and receivable within one year
7 b+ l, |$ H, T" a9 R9 n# ]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?* W) L1 r3 c7 l# L1 ?; A
A、coins
" a- [2 ]7 O8 T4 u% H5 w/ qB、bank checking accounts
* @' B3 {% ^2 ^0 q$ W% h9 \3 YC、postage stamps
% H" ]( w3 ~# X& I1 J2 ~# w7 @9 {$ zD、Petty cash funds# m5 M. W) U( y0 l
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& l* V! {7 A2 g. Y8 N$ \- Z. Z第4题,The debt created by a business when it makes a purchase on account is referred to as an' R# K* S4 G1 z1 Y
A、account payable
1 k* _; n( t6 c. g1 H- j0 p% wB、account receivable9 h, }: a1 @- k/ |
C、asset
5 d& a: y/ Q" _; j. `) MD、expense payable
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第5题,The two most common specialized fields of accounting in practice are( )
) r! K% n: n9 j8 ZA、forensic accounting and financial accounting$ [! v& S- u. s3 }: s, ~2 H% u9 j
B、managerial accounting and financial accounting! n: Z& } {7 J
C、managerial accounting and environmental accounting! z+ O* T" g; s" |* o% J( r
D、financial accounting and tax accounting systems
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3 ~- M# n; w. `0 i/ V( j6 T第6题,The journal entry a company uses to record the estimated accrued product warranty liability is ( ) i/ l! `0 R; J
A、debit Product Warranty Expense; credit Product Warranty Payable6 ?/ J/ g& L" C# G, L/ S
B、debit Product Warranty Payable; credit Cash
3 a* a& D9 P/ ~# h0 V: \C、debit Product Warranty Expense; credit Cash
$ G: s) H6 n* ~( ID、debit Product Warranty Payable; credit Product Warranty Expense
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0 B1 T+ i8 y; Y9 K, _4 q8 c第7题,The most widely used depreciation method is
; a. ~ y% H, J8 c; a$ I& |A、straight-line. A- W& K, h0 m" v& q/ e& j
B、sum-of-the-years-digits2 W f; I6 f1 [0 i$ U; a
C、declining-balance
! k4 L+ l; @% X2 i* DD、units-of-production2 _3 K& u# r0 q+ ]0 t+ f% F
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第8题,Notes may be issued ( )3 q" o$ s& [" u4 Y, }- L$ n
A、when assets are purchased
2 M0 V. y, F" P0 E) pB、to creditor's to temporarily satisfy an account payable created earlier' t' o' N5 [; K9 Z% t
C、when borrowing money3 J! \7 F: P9 [
D、all of the above
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第9题,Sinking Fund Cash would be classified on the balance sheet as ( )+ l$ |5 \5 t- ?( e! o
A、a current asset
. L' u) c5 D" z8 C4 AB、a fixed asset
! x Z2 D9 w0 t, lC、an intangible asset+ t+ K7 x4 z0 U% ?( ~3 \9 ]. C
D、an investment% [( C" \1 N' G1 Q
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第10题,On the balance sheet, the amount shown for the Allowance for Doubtful Accounts is equal to the ( )
7 B9 U9 G3 Q- r0 X+ yA、Uncollectible accounts expense for the year7 E* R, U) |6 D
B、total of the accounts receivables written-off during the year: t$ b( ~. V0 T2 l! Q5 q
C、total estimated uncollectible accounts as of the end of the year
3 s( O* U" o! a: e5 K+ mD、sum of all accounts that are past due.' F& L4 U" r- h+ n
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0 {5 S+ F4 A* P9 p8 t第11题,When the perpetual inventory system is used, the inventory sold is debited to ( )' @# m+ M" R" m: p: b: X
A、supplies expense
2 z* }0 S" N4 r( I# BB、cost of merchandise sold. \; W' V9 {0 t* X' g) Q% |/ X
C、merchandise inventory' V0 y9 Z- ^( X- ]& o& h5 T! ]
D、sales& l2 K; C4 e+ F! x8 s: B
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& c5 f# Y9 ~% X7 P2 p+ T4 \: m& T第12题,Stockholders' equity ( )3 {2 y$ ^ {/ s- P8 W$ W/ I8 U+ g. x
A、is usually equal to cash on hand5 P& D4 [9 v" ]) y9 K! `/ y
B、includes paid-in capital and liabilities! t5 j# g: \- e8 ~. v+ A' ]/ Q
C、includes retained earnings and paid-in capital
2 u% j. M' L/ V9 w$ o% j; ND、is shown on the income statement
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9 b- g8 A. {/ }$ S第13题,Debts owed by a business are referred to as( )
! ]/ f) ~3 b/ Z! T) kA、accounts receivables
8 U1 q1 @/ [7 z& A3 [! LB、equities' l( F% s% ]7 K2 P7 Z
C、owner's equity# j) {% t, E1 o' i
D、liabilities
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第14题,In the accounting cycle, the last step is( )' v1 f7 N; M1 e2 x# X
A、preparing the financial statements1 U" G. E, V% N# m# e8 \/ Y
B、journalizing and posting the adjusting entries' A" c* j$ G3 O5 f7 A0 ?
C、preparing a post-closing trial balance
2 V$ o2 Z2 P! w x0 y$ B; k* zD、journalizing and posting the closing entries
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: U8 J- H6 J2 B8 A0 v0 {第15题,Cash equivalents( )
( l. Z/ |- u [% Y" _3 { eA、are illegal in some company8 x+ _& \9 V* X3 Q# t9 h) d. w
B、will be converted to cash within two years2 n9 W1 ]$ {7 B5 ]
C、will be converted to cash within 90 days" _, ?6 x- y$ [4 v- E$ }: c
D、will be converted to cash within 120 days# |2 e6 s/ O. {8 p! |/ G8 p4 I
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$ Z) g# e$ B+ k1 ^) m4 W第16题,Under which method of cost flows is the inventory assumed to be composed of the most recent costs?4 C5 I9 ?- V8 B1 K; h' D
A、average cost
8 y: w$ Z, T2 X5 W2 OB、last-in, first-out! T( ?: b. `3 J' `/ Z, Q
C、first-in, first-out
# v3 p* Q2 D3 L1 ]6 w8 m; Z: t( lD、weighted average w% P- ]3 H9 g
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, C# ~( s" f# R( T- ?9 d第17题,The inventory method that assigns the most recent costs to cost of good sold is+ a: p# C" F- M9 l) c
A、FIFO- C7 u( L! X+ A, f
B、LIFO
$ X7 H) k' E/ LC、average3 p+ {, }9 v$ Y+ j ^2 k
D、specific identification/ H3 u( d8 l I+ L7 ~
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第18题,Financial reports are used by( )
I/ l% ~- _0 [" CA、management% c0 \: i, e+ Y% r; f5 U9 i+ v$ ]
B、creditors
# T; w0 G. B& zC、investors1 o; G, W6 A# O! I$ { Q& E& | K3 L
D、all of the above
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第19题,How is treasury stock shown on the balance sheet?& t7 t v* ? F2 k% q7 Y
A、as an asset& k6 w3 s3 S2 y% c& R( z! Q3 r. l9 ?$ x
B、as a decrease in stockholders' equity2 @2 i" q! V. ]- u: }4 R7 H1 Q
C、as an increase in stockholders' equity
8 V8 R# f3 k, X5 e/ \7 N) c4 |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?
3 n' L# W- Z6 Q; U7 X7 UA、net income is understated
$ [& W; A2 p% ^. t+ Q, [+ cB、net income is overstated; W5 x* o% V" h( J3 l2 X X8 l
C、cost of merchandise sold is understated
) \' U3 g |/ Z% cD、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.
, j. L* P" x" X9 h$ xA、错误
4 { g( E7 w0 |. kB、正确 z i1 P" Y ~5 y8 O
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第22题,Information is material if its omission or misstatement could influence the economic decisions of users.
! [5 X' V4 R2 f% ~# s# _! |# ^, Y/ NA、错误
/ q) a9 q3 t% KB、正确
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$ c& F9 J! m$ E: M: w3 x2 t L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.: r/ @0 o: e6 k7 T6 s0 e9 B
A、错误+ _: X- k$ g' n D! ]( \
B、正确1 F+ c* y/ H" H/ x( W- W
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第24题,Dividends in arrears are liabilities of the corporation.
3 R: ~6 ?/ W' i1 |- Q% l$ eA、错误
& s/ z; P! g$ I4 M% z9 GB、正确
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5 C4 `7 {9 G4 i第25题,Revenue is earned only when money is received.8 K6 F: v3 U6 g
A、错误
: v6 Z* e" V9 J% [8 r5 z0 P+ _B、正确( j }5 M4 ` n1 |' Y& M
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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.
& E0 T* h; x4 ]0 S/ S6 @A、错误: s2 j. o+ X, {! ^
B、正确) s! r7 N7 y: B: ]% {# e
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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.% U3 F4 [+ g+ k% l; N# \
A、错误
( l6 c+ C# N' V' G. a; |B、正确
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% M& Z# `" n6 |0 Y6 r7 q第28题,The amortization of a premium on bonds payable decreases bond interest expense.
% @& i+ X( ~$ o4 w2 lA、错误
/ o! S- t+ d3 IB、正确0 v( c) @# \# X0 n2 l& X4 E, Y
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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.' n/ Q' o; P6 b# A
A、错误
; }" a; P4 V0 R. qB、正确
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. F# M4 ~; g+ c- {/ p- |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.3 Z' g) m/ l+ f3 Q9 s' ^# W) E+ L
A、错误
, w7 ? T/ u$ \& Z2 a8 x: ]B、正确
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3 E0 ]/ K: @3 l. o0 {9 \/ s" ^第31题,The matching concept requires expenses be recorded in the same period that the related revenue is recorded.
" ^; d; \/ Z* h5 @( o1 H0 e: d; _A、错误7 r5 |1 z q7 w; c; }
B、正确. V% n. w9 `" [. h
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$ o+ h2 _3 G/ d+ R' m: w第32题,The statement of cash flows consists of an operating section, an income section, and an equity section.: F% p6 u2 V; Q( Y) G
A、错误5 D7 S* T8 J/ q4 L$ g& ?6 ]2 q& a
B、正确( h& t' Z3 Q T6 Z) \1 r! p
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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.3 U, \' _; _& f+ `
A、错误
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; M7 _: T9 n7 @9 O* L" a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.
% g8 c1 s: P% r9 w4 d. XA、错误$ p) w$ Q+ T% M; K4 K2 J& E
B、正确( c4 p7 a6 q% n1 D# M/ c+ l& C' \
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% z9 g, \9 H5 c5 l) i5 v6 Y8 q) R第35题,The relationship of each asset item as a percent of total assets is an example of vertical analysis.
Z A6 o1 m* ?5 f( f( ?4 VA、错误: {5 }! b) V2 w. V5 V
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.
$ y8 C# j+ I2 p' M7 ?A、错误
! F: g# h0 T7 K' l H, O4 M8 t- ?B、正确- V5 {; @& m& d7 ]' s" J1 B J
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+ Z/ h; B6 {" t: O第37题,Bondholders are creditors of the issuing corporation.
D0 U/ G& l9 H- NA、错误0 y C% H4 l0 B# ^' X M: M
B、正确
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. U$ b7 `* E$ L& G1 T. F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.
' x$ X' {& p4 @A、错误2 y! U# [# t4 N
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.
) T/ G) d. y& l0 z+ b% Z9 AA、错误9 A* `8 Y' _$ W" w3 p. Q
B、正确* L% f+ u- B: o6 v. V
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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.
: @3 k- p$ b7 {A、错误
% m) O3 b! `# f, y% m$ ^B、正确
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5 Z+ m+ A" t0 T. d, ^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. m& W/ v8 B& X) r! g- }
A、错误/ d W6 x' u% `
B、正确5 u: L% {* Y* J z; T
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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.- n, O( }" }; y; e
A、错误0 J( w9 d& Q% i4 k: x+ `
B、正确* p& N2 Q8 f, U d9 P- k
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第43题,Consuming goods and services in the process of generating revenues results in expenses.: i8 j' k0 s v. O
A、错误: n) J# }3 Y; e( N7 d
B、正确
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第44题,Bondholders claims on the assets of the corporation rank ahead of stockholders.
# p! G, n4 e& D2 M& L" LA、错误
7 m. W' `1 i: YB、正确
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1 W% |+ W; a% w% E5 V第45题,Intangible assets differ from property, plant and equipment assets in that they lack physical substance.
' K$ L" r. K, j2 T5 }4 ~A、错误
( @7 }2 @- c/ g/ vB、正确! q( y- s0 c5 O# k0 g
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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.* T+ j9 ]. {; Y2 h
A、错误
3 g0 r6 c7 p' A- o% \! eB、正确
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, \6 g8 W: U" x B5 y第47题,Allowance for Doubtful Accounts is a liability account." S* s# m: T1 O1 Z# P+ B
A、错误
& V% w u3 X# J: E2 RB、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.9 M; _' H& K% R9 \ X- S- p, s2 R$ T
A、错误: H" A7 }' F( T6 J6 V" _6 O
B、正确4 |! i/ w7 Z# j+ R- b+ C1 P0 C9 G
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% N& A( z% c! D$ t9 f第49题,The two main sources of stockholders' equity are investments contributed by stockholders and net income retained in the business.
$ j8 y3 i* j8 n9 x0 }A、错误
. j. M. j4 S8 }; ]B、正确3 Y' u4 D5 `0 L/ u/ ?; U6 t
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第50题,Paying an account payable increases liabilities and decreases assets4 t2 G1 {. K: [
A、错误6 ^1 v- \ x; k& ?& q) w$ }8 J
B、正确
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