南开18春学期《会计专业英语》在线作业
(单选题) 1: The cost of a product warranty should be included as an expense in the （）
A: period the cash is collected for a product sold on account
B: future period when the cost of repairing the product is paid
C: period of the sale of the product
D: future period when the product is repaired or replaced
正确答案:
(单选题) 2: 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
正确答案:
(单选题) 3: Which of the items below is not a business organization form?（）
A: entrepreneurship
B: proprietorship
C: partnership
D: corporation
正确答案:
(单选题) 4: Cash investments made by the owner to the business are reported on the statement of cash flows in the
A: financing activities section
B: investing activities section
C: operating activities section
D: supplemental statement
正确答案:
(单选题) 5: 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
正确答案:
(单选题) 6: 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
正确答案:
(单选题) 7: The most widely used depreciation method is
A: straight-line
B: sum-of-the-years-digits
C: declining-balance
D: units-of-production
正确答案:
(单选题) 8: The debt created by a business when it makes a purchase on account is referred to as an
A: account payable
B: account receivable
C: asset
D: expense payable
C: held for sale in the ordinary course of the business
D: none of the above
正确答案:
(单选题) 10: The liability for a dividend is recorded on which of the following dates?
A: the date of record
B: the date of payment
C: the date of announcement
D: the date of declaration
正确答案:
(单选题) 11: 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
正确答案:
(单选题) 12: Financial reports are used by（）
A: management
B: creditors
C: investors
D: all of the above
正确答案:
(单选题) 13: The ability of a business to pay its debts as they come due and to earn a reasonable amount of income is referred to as （）
A: solvency and leverage
B: solvency and profitability
C: solvency and liquidity
D: solvency and equity
正确答案:
(单选题) 14: Debts owed by a business are referred to as（）
A: accounts receivables
B: equities
C: owner’s equity
D: liabilities
正确答案:
(单选题) 15: A bank reconciliation should be prepared periodically because （）
A: the depositor's records and the bank's records are in agreement
B: the bank has not recorded all of its transactions
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
正确答案:
(单选题) 16: Expenses are reported on the（）
A: income statement
B: statement of owner's equity
C: statement of cash flows
D: balance sheet
正确答案:
(单选题) 17: The term "inventory" indicates （）
A: merchandise held for sale in the normal course of business
B: materials in the process of production or held for production
A: coins
B: bank checking accounts
C: postage stamps
D: Petty cash funds
正确答案:
(单选题) 19: Sinking Fund Cash would be classified on the balance sheet as （）
A: a current asset
B: a fixed asset
C: an intangible asset
D: an investment
正确答案:
(单选题) 20: The two most common specialized fields of accounting in practice are( )
A: forensic accounting and financial accounting
B: managerial accounting and financial accounting
C: managerial accounting and environmental accounting
D: financial accounting and tax accounting systems
正确答案:
(判断题) 1: An account receivable is a claim against a customer arising from a sale on account. A: 错误
B: 正确
正确答案:
(判断题) 2: Even when a trial balance is in balance, there may be errors in the individual accounts. A: 错误
B: 正确
正确答案:
(判断题) 3: Solvency analysis focuses on the ability of a business to pay its current and noncurrent liabilities.
A: 错误
B: 正确
正确答案:
(判断题) 4: Revenue accounts are increased by credits.
A: 错误
B: 正确
正确答案:
(判断题) 5: The matching concept requires expenses be recorded in the same period that the related revenue is recorded.
A: 错误
B: 正确
正确答案:
(判断题) 6: The accrual basis of accounting requires revenue be recorded when cash is received from customers.
A: 错误
B: 正确
正确答案:
(判断题) 7: The book value of a fixed asset reported on the balance sheet represents its market value on that date.
A: 错误
B: 正确
正确答案:
(判断题) 9: The balance of the allowance for doubtful accounts is added to accounts receivable on the balance sheet.
A: 错误
B: 正确
正确答案:
(判断题) 10: If the debit portion of an adjusting entry is to an asset account, then the credit portion must be to a liability account.
A: 错误
B: 正确
正确答案:
(判断题) 11: The double-entry accounting system records each transaction twice.
A: 错误
B: 正确
正确答案:
(判断题) 12: Sales Discounts is a revenue account with a credit balance.
A: 错误
B: 正确
正确答案:
(判断题) 13: When a stock dividend is declared, it becomes a liability
A: 错误
B: 正确
正确答案:
(判断题) 14: 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
正确答案:
(判断题) 15: 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: 错误
B: 正确
正确答案:
(判断题) 16: 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
B: 正确
正确答案:
(判断题) 17: The statement of cash flows consists of an operating section, an income section, and an equity section.
A: 错误
B: 正确
正确答案:
(判断题) 18: The relationship of each asset item as a percent of total assets is an example of vertical analysis.
A: 错误
B: 正确
正确答案:
(判断题) 19: If a firm has a quick ratio of 1, the subsequent payment of an account payable will
(判断题) 20: Income is recognized when an increase in future benefits related to an increase in an asset of a decrease of a liability has arisen that can be measured reliably.
A: 错误
B: 正确
正确答案:
(判断题) 21: Financial statements should be understandable to everyone.
A: 错误
B: 正确
正确答案:
(判断题) 22: 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
B: 正确
正确答案:
(判断题) 23: Bonds are sold at face value when the contract rate is equal to the market rate of interest.
A: 错误
B: 正确
正确答案:
(判断题) 24: The declining-balance method is an accelerated depreciation method.
A: 错误
B: 正确
正确答案:
(判断题) 25: Dividends in arrears are liabilities of the corporation.
A: 错误
B: 正确
正确答案:
(判断题) 26: Paying an account payable increases liabilities and decreases assets
A: 错误
B: 正确
正确答案:
(判断题) 27: If the bondholder has the right to exchange a bond for shares of common stock, the bond is called a convertible bond.
A: 错误
B: 正确
正确答案:
(判断题) 28: 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
B: 正确
正确答案:
(判断题) 29: Allowance for Doubtful Accounts is a liability account.
A: 错误
B: 正确
正确答案:
(判断题) 30: An income statement is a summary of the revenues and expenses of a business as of a specific date.
A: 错误
B: 正确
C: period of the sale of the product
D: future period when the product is repaired or replaced
正确答案:
(单选题) 2: 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
正确答案:
(单选题) 3: Which of the items below is not a business organization form?（）
A: entrepreneurship
B: proprietorship
C: partnership
D: corporation
正确答案:
(单选题) 4: Cash investments made by the owner to the business are reported on the statement of cash flows in the
A: financing activities section
B: investing activities section
C: operating activities section
D: supplemental statement
正确答案:
(单选题) 5: 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
正确答案:
(单选题) 6: 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
正确答案:
(单选题) 7: The most widely used depreciation method is
A: straight-line
B: sum-of-the-years-digits
C: declining-balance
D: units-of-production
正确答案:
(单选题) 8: The debt created by a business when it makes a purchase on account is referred to as an
A: account payable
B: account receivable
C: asset
D: expense payable
正确答案:
(单选题) 9: A characteristic of a fixed asset is that it is （）
A: intangible
(单选题) 10: The liability for a dividend is recorded on which of the following dates?
A: the date of record
B: the date of payment
C: the date of announcement
D: the date of declaration
正确答案:
(单选题) 11: 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
正确答案:
(单选题) 12: Financial reports are used by（）
A: management
B: creditors
C: investors
D: all of the above
正确答案:
(单选题) 13: The ability of a business to pay its debts as they come due and to earn a reasonable amount of income is referred to as （）
A: solvency and leverage
B: solvency and profitability
C: solvency and liquidity