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21春學(xué)期（1709、1803、1809、1903、1909、2003、2009、2103）《會(huì)計(jì)專(zhuān)業(yè)英語(yǔ)》在線(xiàn)作業(yè)
試卷總分:100    得分:100
第1題,How is treasury stock shown on the balance sheet?
A、as an asset
B、as a decrease in stockholders' equity
C、as an increase in stockholders' equity
D、treasury stock is not shown on the balance sheet
正確答案:


第2題,One of the main disadvantages of the corporate form is the(   )
A、professional management
B、double taxation of dividends
C、charter
D、corporation must issue stock
正確答案:


第3題,Characteristics of a corporation include (  )
A、shareholders who are mutual agents
B、direct management by the shareholders (owners)
C、its inability to own property
D、shareholders who have limited liability
正確答案:


第4題,Notes may be issued （  ）
A、when assets are purchased
B、to creditor's to temporarily satisfy an account payable created earlier
C、when borrowing money
D、all of the above
正確答案:


答案來(lái)源：（www.）,What is the type of account and normal balance of Allowance for Doubtful Accounts?
A、Contra asset, credit
B、Asset, debit
C、Asset, credit
D、Contra asset, debit
正確答案:


第6題,Which of the following measures a company's ability to pay its current liabilities?
A、earnings per share
B、inventory turnover
C、current ratio
D、number of times interest charges earned
正確答案:


第7題,The method of accounting for investments in equity securities in which the investor records its share of periodic net income of the investee is the (  )
A、cost method
B、market method
C、income method
D、equity method
正確答案:


第8題,Expenses are reported on the（   ）
A、income statement
B、statement of owner's equity
C、statement of cash flows
D、balance sheet
正確答案:


第9題,Expenses are recorded when(   )
A、cash is paid for services rendered
B、a bill is received in advance of services rendered
C、services are rendered
D、none of the above
正確答案:


答案來(lái)源：（www.）,Which of the following financial statements reports information as of a specific date?
A、income statement
B、statement of owner's equity
C、statement of cash flows
D、balance sheet
正確答案:


第11題,Which statement below is not a reason for a corporation to buy back its own stock.
A、resale to employees
B、bonus to employees
C、for supporting the market price of the stock
D、to increase the shares outstanding
正確答案:


答案來(lái)源：（www.）,Cash equivalents(  )
A、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
正確答案:


第13題,Austin, Inc. made a Prepaid Rent payment of $3,500 on January 1st.  The company's monthly rent is  $700.  The amount of Prepaid Rent that would appear on the January 31 balance sheet after adjustment is:
A、$2,800
B、$700
C、$3,500
D、$1,750
正確答案:


第14題,A characteristic of a fixed asset is that it is （  ）
A、intangible
B、used in the operations of a business
C、held for sale in the ordinary course of the business
D、none of the above
正確答案:


答案來(lái)源：（www.）,Which of the items below is not a business organization form?(   )
A、entrepreneurship
B、proprietorship
C、partnership
D、corporation
正確答案:


第16題,The two methods of accounting for investments in stock are the cost method and the (  )
A、straight-line method
B、equity method
C、liability method
D、interest method
正確答案:


第17題,Which of the following is not included in the computation of the quick ratio?
A、inventory
B、marketable securities
C、accounts receivable
D、cash
正確答案:


第18題,The accounting equation may be expressed as(  )
A、Assets = Equities - Liabilities
B、Assets + Liabilities = Owner's Equity
C、Assets = Revenues less Liabilities
D、Assets - Liabilities = Owner's Equity
正確答案:


第19題,The business entity concept means that
A、the owner is part of the business entity
B、an entity is organized according to state or federal statutes
C、an entity is organized according to the rules set by the FASB
D、the entity is an individual economic unit for which data are recorded, analyzed, and reported
正確答案:


答案來(lái)源：（www.）,A capital expenditure results in a debit to (  )
A、an expense account
B、a capital account
C、a liability account
D、an asset account
正確答案:


第21題,The cost of new equipment is called a revenue expenditure because it will help generate revenues in the future.
A、錯(cuò)誤
B、正確
正確答案:


第22題,A business using the perpetual inventory system, with its detailed subsidiary records, does not need to take a physical inventory.
T、對(duì)
F、錯(cuò)
正確答案:F


第23題,The relationship of each asset item as a percent of total assets is an example of vertical analysis.
A、錯(cuò)誤
B、正確
更多答案下載：（www.）


第24題,During inflationary periods, the use of the FIFO method of costing inventory will result in a greater amount of net income than would result from the use of the LIFO cost method.
T、對(duì)
F、錯(cuò)
更多答案下載：（www.）


答案來(lái)源：（www.）,An example of an external user of accounting information is the government.
T、對(duì)
F、錯(cuò)
更多答案下載：（www.）


第26題,Treasury Stock is listed in the stockholders' equity section on the balance sheet.
T、對(duì)
F、錯(cuò)
正確答案:


第27題,In preparing bank reconciliation, the amount of deposits in transit is deducted from the balance per bank statement.
A、錯(cuò)誤
B、正確
正確答案:


第28題,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.
T、對(duì)
F、錯(cuò)
正確答案:F


第29題,Even when a trial balance is in balance, there may be errors in the individual accounts.
T、對(duì)
F、錯(cuò)
更多答案下載：（www.）


答案來(lái)源：（www.）,The matching concept supports reporting revenues and related expenses in the same period.
T、對(duì)
F、錯(cuò)
更多答案下載：（www.）


第31題,An account receivable is a claim against a customer arising from a sale on account.
T、對(duì)
F、錯(cuò)
更多答案下載：（www.）


第32題,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、錯(cuò)誤
B、正確
正確答案:F


第33題,The two main sources of stockholders' equity are investments contributed by stockholders and net income retained in the business.
A、錯(cuò)誤
B、正確
正確答案:


第34題,Information is material if its omission or misstatement could influence the economic decisions of users.
A、錯(cuò)誤
B、正確
正確答案:


第35題,When a large quantity of merchandise is purchased, a reduction allowed on the sale price is called a trade discount.
A、錯(cuò)誤
B、正確
更多答案下載：（www.）


第36題,Managerial accounting is primarily concerned with the recording and reporting of economic data and activities of an entity for use by owners, creditors, governmental agencies, and the public.
A、錯(cuò)誤
B、正確
正確答案:F


第37題,Accounting Process is identifying, measuring, recording, and communicating economic information to permit informed judgments and decisions by users of information.
A、錯(cuò)誤
B、正確
正確答案:


第38題,The increase side of all accounts is the normal balance.
T、對(duì)
F、錯(cuò)
更多答案下載：（www.）


第39題,Revenue is earned only when money is received.
T、對(duì)
F、錯(cuò)
正確答案:


第40題,The accounting equation can be expressed as Assets - Liabilities = Owner's Equity.
T、對(duì)
F、錯(cuò)
正確答案:


第41題,Under the accrual basis for the accounting period concept, revenues are reported in the income statement in the period in which they are earned.
T、對(duì)
F、錯(cuò)
更多答案下載：（www.）


第42題,When using the FIFO inventory costing method, the most recent costs are assigned to the cost of goods sold.
A、錯(cuò)誤
B、正確
正確答案:F


第43題,When using the FIFO inventory costing method, the most recent costs are assigned to the cost of goods sold.
T、對(duì)
F、錯(cuò)
正確答案:F


第44題,An income statement is a summary of the revenues and expenses of a business as of a specific date.
T、對(duì)
F、錯(cuò)
正確答案:F


第45題,The maturity value of a note receivable is always the same as its face value.
T、對(duì)
F、錯(cuò)
正確答案:F


第46題,The accrual basis of accounting requires revenue be recorded when cash is received from customers.
A、錯(cuò)誤
B、正確
正確答案:


第47題,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、錯(cuò)誤
B、正確
更多答案下載：（www.）


第48題,Before a stock dividend can be declared or paid, there must be sufficient cash.
T、對(duì)
F、錯(cuò)
正確答案:


第49題,Ordinarily, a corporation owning a significant portion of the voting stock of another corporation accounts for the investment using the equity method.
T、對(duì)
F、錯(cuò)
更多答案下載：（www.）


答案來(lái)源：（www.）,An account receivable is typically classified as a revenue.
T、對(duì)
F、錯(cuò)
正確答案:F