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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
4 W# ]) G* j1 K1 r; e5 q! f& i试卷总分:100 得分:100
! q; j* ^0 H8 A4 i第1题,A bank reconciliation should be prepared periodically because ( )
/ h) I& [9 [+ _3 K. n- gA、the depositor's records and the bank's records are in agreement! |& d( z/ J2 \* R9 \7 T, X, ~
B、the bank has not recorded all of its transactions1 a. R. V4 e+ k. h* Z
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) P6 J" J* Q9 r9 t) k! Y. a
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8 q- ^7 j, K8 c: T/ q9 ~$ {4 @# O第2题,Current liabilities are( )5 _" ~! n/ m1 W( O* Q/ T F F
A、due, but not receivable for more than one year0 |7 y/ |! U& ~$ y9 ]* W
B、due, but not payable for more than one year1 F8 ?/ d: P+ ^3 O) Q
C、due and receivable within one year6 Z+ Z9 {2 ]: R8 [: y- ~) \6 f* P
D、due and payable within one year3 q. S3 }. ^" f }/ a
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+ p- O2 ]: t$ p; l9 F3 O第3题,Which of the following should not be considered cash by an accountant?8 N6 _' ^2 V9 {. i
A、coins/ I, z3 |$ v* D+ i7 C% P( j
B、bank checking accounts
' v2 _; Y# p0 Z0 t1 rC、postage stamps; ?3 {# }3 }. f! L1 v2 ^
D、Petty cash funds- A) O% p$ K8 w1 ?
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8 O( U% m' G2 @! |) {- u& G2 j. E第4题,The debt created by a business when it makes a purchase on account is referred to as an+ B; R4 H; d! Q* q) o; r( E
A、account payable, B& f w: L/ @0 X" ?
B、account receivable5 G: P- ^- h ~
C、asset
+ X5 S( ^5 a+ e/ F$ i- `/ o& ]) zD、expense payable* I& H4 {" E, Y2 Z) D3 f
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第5题,The two most common specialized fields of accounting in practice are( )
8 R; m! I8 R6 x8 B0 J1 m) h- }9 J8 \A、forensic accounting and financial accounting. u% j9 n& A7 ~3 i' x1 [) Q
B、managerial accounting and financial accounting
) H8 z1 |+ G: l' i! r) {C、managerial accounting and environmental accounting
2 r9 @! [6 ^/ \( R" V- Y' wD、financial accounting and tax accounting systems; K2 U2 c5 o6 i; d6 S& o4 t
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第6题,The journal entry a company uses to record the estimated accrued product warranty liability is ( )
) h9 A' B& R! N* \+ u4 rA、debit Product Warranty Expense; credit Product Warranty Payable6 Y$ N: [7 C" E4 N
B、debit Product Warranty Payable; credit Cash
1 @, J+ K! Q/ n. \, d% }' ]4 tC、debit Product Warranty Expense; credit Cash
+ N% ?8 f% Y, B) d( c0 lD、debit Product Warranty Payable; credit Product Warranty Expense" k2 c) \$ @$ i0 w) ~: |3 v1 n
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第7题,The most widely used depreciation method is3 u5 X9 J' d$ n! Q0 W
A、straight-line
% D. a' g; i eB、sum-of-the-years-digits' C+ X+ X6 v' o5 A* L! w
C、declining-balance
+ K, O. D! ~8 x, e4 X% n' }/ ]D、units-of-production
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第8题,Notes may be issued ( )
# [- o6 [1 s5 E) P6 D* @A、when assets are purchased6 k) Z+ j0 ~( U2 I
B、to creditor's to temporarily satisfy an account payable created earlier
5 f% \/ \$ m; c+ [: d, FC、when borrowing money
3 G3 k% b: F( ^; P9 ND、all of the above: I3 Z- ]6 n, w# z
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0 z$ X9 ^+ y: ^, i第9题,Sinking Fund Cash would be classified on the balance sheet as ( )
9 |- ]' X& k$ ~: U6 Y) m- ]* A/ D. vA、a current asset" g1 A/ Q- U/ O
B、a fixed asset
* n! z9 v0 ]0 S' a Z6 rC、an intangible asset# z1 E, j8 q' n: k* c. o; q
D、an investment8 q. z- \+ C4 S. p P" b
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第10题,On the balance sheet, the amount shown for the Allowance for Doubtful Accounts is equal to the ( )
$ l$ }+ B! R. J* _9 H1 {7 Q/ [4 uA、Uncollectible accounts expense for the year
; ?4 F1 M; G, m6 n. d% R& G* bB、total of the accounts receivables written-off during the year+ ^# @7 p2 _+ ~- @5 D- ]8 z( @
C、total estimated uncollectible accounts as of the end of the year
- |6 z8 c* Z7 OD、sum of all accounts that are past due.: H& l- ?2 G6 j/ w- U* C
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! X2 v; O5 W* R) n ^第11题,When the perpetual inventory system is used, the inventory sold is debited to ( )
3 l* N) v; t' k3 L6 yA、supplies expense R* C. { t; U+ k, P& }8 x
B、cost of merchandise sold
t* R3 x* w, g$ }& J: C" wC、merchandise inventory
) s7 Y, ^8 j5 t4 }8 R" \D、sales
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第12题,Stockholders' equity ( )
, U! P# P- W5 c8 C, D" S6 h6 YA、is usually equal to cash on hand
4 J0 {; X0 f* A6 ~5 I2 oB、includes paid-in capital and liabilities2 [0 y+ g! ]8 ?2 c. P9 {0 b
C、includes retained earnings and paid-in capital
; h( a* _) B+ u4 lD、is shown on the income statement& ^+ Y3 f1 w0 }7 h0 ~, `# d8 N
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5 g/ g0 @- o7 P+ _1 q第13题,Debts owed by a business are referred to as( )
: C0 C1 D$ a( Y3 q! q8 e! |A、accounts receivables- P k$ q6 Q! b( K
B、equities8 ~9 _+ l1 s2 x/ ]* J
C、owner's equity
. Q# |: j/ a7 q2 j$ h6 WD、liabilities* ?2 M" \4 x/ ]* F0 d
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第14题,In the accounting cycle, the last step is( )3 Q3 r. Y% Q1 M
A、preparing the financial statements5 G- F, R- F7 E1 n o& ?
B、journalizing and posting the adjusting entries
' _4 Y9 F- K' I4 e4 B( r/ x$ \, S/ X2 vC、preparing a post-closing trial balance# L5 ^; y, u ?4 u0 A
D、journalizing and posting the closing entries
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( W( Z! o6 N1 K. {. C( s* B: I第15题,Cash equivalents( )
9 V7 F: Q" m9 i" CA、are illegal in some company
9 Y. Z* d |9 u K2 s+ eB、will be converted to cash within two years
' V/ x& X5 }* Z& T2 S0 e* H* s; ?5 rC、will be converted to cash within 90 days
3 q# I! v g4 Z# l5 A& {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?5 |% c" s+ T/ ?( c
A、average cost0 w. g$ O: ]3 |# A. `1 \
B、last-in, first-out
9 B. Z* N& U# O2 ]3 J- BC、first-in, first-out5 Z3 a' j+ ^4 _- j2 X' W
D、weighted average3 ?7 m" c6 o( A$ R+ s! F% f
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第17题,The inventory method that assigns the most recent costs to cost of good sold is
6 ]% g. }3 O2 s7 ^' t2 `6 L6 x% jA、FIFO2 F# ?* i" ]2 O( m
B、LIFO, P4 N5 E1 e+ u1 K
C、average
6 T& `$ g0 r, ^8 z, J4 y1 K4 f% ?8 QD、specific identification
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2 C; y2 O6 E- H9 w( J第18题,Financial reports are used by( ): l4 q# K1 w, F6 N6 U
A、management
7 C3 S1 W- K$ M9 rB、creditors
/ u& u1 ~- x; mC、investors
5 D; E# v7 @3 m0 _' JD、all of the above
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第19题,How is treasury stock shown on the balance sheet?
/ C M& Y' j& ?% E6 |) C! ]A、as an asset- m% _' D' b! F+ h. y7 e
B、as a decrease in stockholders' equity+ k# A. m4 f3 y" |. [
C、as an increase in stockholders' equity B( [! q- s/ K$ f, y
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?5 |& Y" ~8 t7 l2 U9 `$ k& r5 I
A、net income is understated8 O Z- ]2 H/ s7 ^ C! A
B、net income is overstated0 f9 h# t- a0 {" E/ R& @6 f( w$ k8 \
C、cost of merchandise sold is understated
& W# C8 z9 m1 |; i( W1 V& XD、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.' N" H. L/ G9 ?, I) b
A、错误
5 K! s6 k, I/ q( \' R- p' K) gB、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. k& O6 y. h$ e2 OA、错误
, n7 |' B9 W; V! a: D; G0 x/ qB、正确
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6 ?- V) D! N7 H6 G( P( _# O" L, [. r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./ A1 n' P4 K8 ^: ?
A、错误
! J* H C1 e6 `4 ]" W) J0 XB、正确
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第24题,Dividends in arrears are liabilities of the corporation.
" D7 Z9 s" O' q5 ^A、错误
+ z% T( _0 A @B、正确
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% l6 D' m7 q& X' m' V第25题,Revenue is earned only when money is received.; K/ F3 y1 B4 @6 }3 ~, ?
A、错误' s2 O+ P& e2 w" }: r
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% H {9 p2 G, ]A、错误
, J2 L. v' f# Z/ b" g$ ?, U! H8 rB、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.8 b1 }' X. @2 c, l- a
A、错误# l6 h- l3 Q6 j3 F# y
B、正确
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第28题,The amortization of a premium on bonds payable decreases bond interest expense.+ I. E# k [; C' K! m
A、错误" F6 V" {- ]7 R! b" Z c
B、正确, b9 {, @# N! w% c( A' m, k; V
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4 l8 `$ A) T: _# B5 w% a2 i第29题,Any difference between the fair market values of the securities and their cost is a realized gain or loss.9 A9 ^: D; ?' \: K+ ]
A、错误
% _0 ?9 A1 ?" K2 ^# f0 `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.
7 E. A3 @8 }' O% {: RA、错误
# u+ k$ E) ?; D, [9 WB、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.7 z8 q+ F- m. ~2 ^, I1 h* G
A、错误
' ?0 ^6 o, ~) qB、正确
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+ [% l- p2 U8 N' W5 U1 Q) ]. F2 O第32题,The statement of cash flows consists of an operating section, an income section, and an equity section.( x3 K% f, p- v: x4 r
A、错误
: W& J8 Z2 x; J( T/ {B、正确& t/ j& P5 Y4 y* I2 `
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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.
- f, C: P& v" y* uA、错误
0 ?. D* i6 N% K/ k% n% H7 A2 S7 \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.
. ^$ X; O" H1 U$ v; C% m4 ]A、错误& U) U% [6 I& h4 |6 i$ j
B、正确, Q* Y1 C/ _, u# d! ?
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2 x6 P0 M) S" L, I/ Y第35题,The relationship of each asset item as a percent of total assets is an example of vertical analysis.
! v" i4 U: V: L: T5 iA、错误
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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.+ D4 _, K2 M2 j, K8 `
A、错误
+ n$ @5 N" q* F+ Y8 e8 ]B、正确# w& k# D( [$ ~: ], x
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第37题,Bondholders are creditors of the issuing corporation.
: u! c* Q( O# k$ YA、错误- l7 {: m1 s% a0 L
B、正确
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2 k5 _9 E# e7 |- y" D l/ k( y( o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.& V& P7 V: E* a; J; I6 e' V$ q
A、错误
; G1 _ q5 F$ n0 E( EB、正确
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% W+ g4 A- Y x& g" t t! _( i+ k第39题,Horizontal analysis is used to compare the financial statements of the same company for different periods.1 w1 e' X4 q& A
A、错误
2 v, F( H6 h/ K) @ e2 N6 L3 r" sB、正确
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6 U; ~4 U' G! `+ f" L( o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 w* H1 c, y" zA、错误2 `& v* ^4 _; s1 |$ R2 _* A1 s3 `
B、正确
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" H$ k& v: p$ @0 E9 V$ W$ E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.( r M( p* C$ R4 ~4 j" p ^
A、错误% j* l: `/ U& [! n7 o1 {0 N
B、正确
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% Y J% W+ n! Q第42题,Overall objective of financial reporting is to provide financial information useful to internal users in making economic decisions.
+ N0 [; V3 G: W& |) x4 ]: D8 C9 tA、错误" M2 k8 o1 b8 o. a8 j- @: l! k
B、正确
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第43题,Consuming goods and services in the process of generating revenues results in expenses.
) B; F2 k( E) g* Z# U6 lA、错误( \- {! N& t' n) @
B、正确
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第44题,Bondholders claims on the assets of the corporation rank ahead of stockholders.
2 v! c5 q8 t0 TA、错误5 A1 L! h" l8 r' H- j8 @
B、正确; h1 F: |) s6 p
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第45题,Intangible assets differ from property, plant and equipment assets in that they lack physical substance.
7 D0 I9 z, @ ^5 bA、错误
0 n0 y3 i0 R, G* B+ _ I j G" AB、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.9 T+ B6 u& W5 w/ h! z
A、错误5 v' E' d( f$ @7 r* o
B、正确* d0 g) ?0 [/ F, o* s
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第47题,Allowance for Doubtful Accounts is a liability account.
6 F5 c1 E9 W8 F9 A2 h1 mA、错误" P3 f+ o* ^) b& |0 Y
B、正确
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7 {& E( _8 T# k" j y, o! v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.+ Q; }# M% e8 x9 g y: s: O; S
A、错误- h$ R7 }+ k* z9 K
B、正确
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) t* O" T9 x2 k2 G* R* Q. N0 d第49题,The two main sources of stockholders' equity are investments contributed by stockholders and net income retained in the business.
! ]3 w0 k- a( V1 I; g" BA、错误' n9 Y- \4 L$ `0 u
B、正确$ [: }. u Z9 Z$ g0 i( e6 Y
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" C& A5 x, W: _3 T) E第50题,Paying an account payable increases liabilities and decreases assets3 F7 _' f7 V/ x0 O2 |2 x
A、错误 h8 N6 l, P1 Z. w. |
B、正确
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