南开17春学期（清考）《会计专业英语》在线作业答案资料
17春学期（清考）《会计专业英语》在线作业一、单选题：
1.In the accounting cycle, the last step is( ) (满分:2)
A. preparing the financial statements
B. journalizing and posting the adjusting entries
C. preparing a post-closing trial balance
D. journalizing and posting the closing entries
2.The two most common specialized fields of accounting in practice are( ) (满分:2)
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
3.The primary purpose of a stock split is to ( ) (满分:2)
A. increase paid-in capital
B. reduce the market price of the stock per share
C. increase the market price of the stock per share
D. increase retained earnings
4.Characteristics of a corporation include ( ) (满分:2)
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
5.The amount of the outstanding checks is included on the bank reconciliation as a(n) ( ) (满分:2)
A. deduction from the balance per depositor's records
B. addition to the balance per bank statement
C. deduction from the balance per bank statement
D. addition to the balance per depositor's records
6.Which of the following financial statements reports information as of a specific date? (满分:2)
A. income statement
B. statement of owner's equity
C. statement of cash flows
D. balance sheet
7.The liability for a dividend is recorded on which of the following dates? (满分:2)
A. the date of record
B. the date of payment
C. the date of announcement
D. the date of declaration
8.Debts owed by a business are referred to as( ) (满分:2)
A. accounts receivables
B. equities
C. owner’s equity
D. liabilities
9.The cost of a product warranty should be included as an expense in the ( ) (满分:2)
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
10.Cash equivalents( ) (满分:2)
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
11.The term "inventory" indicates ( ) (满分:2)
A. merchandise held for sale in the normal course of business
B. materials in the process of production or held for production
C. supplies
D. both A and B
12.When the market rate of interest on bonds is higher than the contract rate, the bonds will sell at ( ) (满分:2)
A. a premium
B. their face value
C. their maturity value
D. a discount
13.Accumulated Depreciation( ) (满分:2)
A. is used to show the amount of cost expiration of intangibles
B. is the same as Depreciation Expense
C. is a contra asset account
D. is used to show the amount of cost expiration of natural resources
14.Cash investments made by the owner to the business are reported on the statement of cash flows in the (满分:2)
A. financing activities section
B. investing activities section
C. operating activities section
D. supplemental statement
15.The measurement bases exclude( ) (满分:2)
A. Historical cost
B. Current cost
C. Sale price
D. Present value
16.Financial reports are used by( ) (满分:2)
A. management
B. creditors
C. investors
D. all of the above
17.Which of the items below is not a business organization form?( ) (满分:2)
A. entrepreneurship
B. proprietorship
C. partnership
D. corporation
18.Stockholders' equity ( ) (满分:2)
A. is usually equal to cash on hand
B. includes paid-in capital and liabilities
C. includes retained earnings and paid-in capital
D. is shown on the income statement
19.Financial statements in which financial data for two or more companies are combined as a single entity are called (满分:2)
A. conventional statements
B. consolidated statements
C. audited statements
D. constitutional statements
20.When the corporation issuing the bonds has the right to repurchase the bonds prior to the maturity date for a specific price, the bonds are (满分:2)
A. convertible bonds
B. unsecured bonds
C. debenture bonds
D. callable bonds
三、判断题：
1.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. (满分:2)
A. 错误
B. 正确
2.The double-entry accounting system records each transaction twice. (满分:2)
A. 错误
B. 正确
3.Bondholders claims on the assets of the corporation rank ahead of stockholders. (满分:2)
A. 错误
B. 正确
4.Financial statements should be understandable to everyone. (满分:2)
A. 错误
B. 正确
5.When the market rate of interest is less than the contract rate for a bond, the bond will sell for a premium. (满分:2)
A. 错误
B. 正确
6.A fixed asset impairments occurs when the fair value of a fixed asset falls below its book value and is not expected to recover. (满分:2)
A. 错误
B. 正确
7.When a large quantity of merchandise is purchased, a reduction allowed on the sale price is called a trade discount. (满分:2)
A. 错误
B. 正确
8.A balance sheet is a list of the assets, liabilities, and owner's equity of a business for a period of time. (满分:2)
A. 错误
B. 正确
9.Amortization is the allocation process of writing off bond premiums and discounts to interest expense over the life of the bond issue. (满分:2)
A. 错误
B. 正确
10.Primary users of accounting information are accountants. (满分:2)
A. 错误
B. 正确
11.The cost of new equipment is called a revenue expenditure because it will help generate revenues in the future. (满分:2)
A. 错误
B. 正确
12.A corporation is a business that is legally separate and distinct from its owners. (满分:2)
A. 错误
B. 正确
13.If ending inventory for the year is understated, net income for the year is overstated. (满分:2)
A. 错误
B. 正确
14.Ordinarily, a corporation owning a significant portion of the voting stock of another corporation accounts for the investment using the equity method. (满分:2)
A. 错误
B. 正确
15.The book value of a fixed asset reported on the balance sheet represents its market value on that date. (满分:2)
A. 错误
B. 正确
16.Revenue accounts are increased by credits. (满分:2)
A. 错误
B. 正确
17.If the debit portion of an adjusting entry is to an asset account, then the credit portion must be to a liability account. (满分:2)
A. 错误
B. 正确
18.Information is material if its omission or misstatement could influence the economic decisions of users. (满分:2)
A. 错误
B. 正确
19.Any difference between the fair market values of the securities and their cost is a realized gain or loss. (满分:2)
A. 错误
B. 正确
20.The accrual basis of accounting requires revenue be recorded when cash is received from customers. (满分:2)
A. 错误
B. 正确
21.Investments in stocks that are expected to be held for the long term are listed in the stockholder's equity section of the balance sheet. (满分:2)
A. 错误
B. 正确
22.The two main sources of stockholders' equity are investments contributed by stockholders and net income retained in the business. (满分:2)
A. 错误
B. 正确
23.In preparing bank reconciliation, the amount of deposits in transit is deducted from the balance per bank statement. (满分:2)
A. 错误
B. 正确
24.The declaration and issuance of a stock dividend does not affect the total amount of a corporation's assets, liabilities, or stockholders' equity. (满分:2)
A. 错误
B. 正确
25.Capital expenditures are costs that are charged to Stockholders' Equity accounts. (满分:2)
A. 错误
B. 正确
26.When a stock dividend is declared, it becomes a liability (满分:2)
A. 错误
B. 正确
27.The accounting equation can be expressed as Assets - Liabilities = Owner's Equity. (满分:2)
A. 错误
B. 正确
28.Paying an account payable increases liabilities and decreases assets (满分:2)
A. 错误
B. 正确
29.Available-for-sale securities are securities that management expects to sell in the future, but are not actively traded for profit. (满分:2)
A. 错误
B. 正确
30.If a firm has a quick ratio of 1, the subsequent payment of an account payable will cause the ratio to increase. (满分:2)
A. 错误
B. 正确
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