16春学期奥鹏南开《会计专业英语》在线作业标准答案

奥鹏网院作业

16春学期《会计专业英语》在线作业
一、单选题:【20道,总分:40分】

1.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
2.Which of the following should not be considered cash by an accountant?          (满分:2)
    A. coins
    B. bank checking accounts
    C. postage stamps
    D. Petty cash funds
3.A capital expenditure results in a debit to (    )          (满分:2)
    A. an expense account
    B. a capital account
    C. a liability account
    D. an asset account
4.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
5.Current liabilities are(    )          (满分:2)
    A. due, but not receivable for more than one year
    B. due, but not payable for more than one year
    C. due and receivable within one year
    D. due and payable within one year
6.The debt created by a business when it makes a purchase on account is referred to as an          (满分:2)
    A. account payable
    B. account receivable
    C. asset
    D. expense payable
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.Which of the following below generally is the most useful in analyzing companies of different sizes?          (满分:2)
    A. comparative statements
    B. common-sized financial statements
    C. price-level accounting
    D. audit report
9.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
10.The interest rate specified in the bond indenture is called the (    )          (满分:2)
    A. discount rate
    B. contract rate
    C. market rate
    D. effective rate
11.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
12.A bank reconciliation should be prepared periodically because (    )          (满分:2)
    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
13.The two methods of accounting for investments in stock are the cost method and the (    )          (满分:2)
    A. straight-line method
    B. equity method
    C. liability method
    D. interest method
14.All of the following below are needed for the calculation of depreciation except(    )          (满分:2)
    A. cost
    B. residual value
    C. estimated life
    D. book value
15.Sinking Fund Cash would be classified on the balance sheet as (    )          (满分:2)
    A. a current asset
    B. a fixed asset
    C. an intangible asset
    D. an investment
16.Under which method of cost flows is the inventory assumed to be composed of the most recent costs?          (满分:2)
    A. average cost
    B. last-in, first-out
    C. first-in, first-out
    D. weighted average
17.The excess of issue price over par of common stock is termed a(n) (    )          (满分:2)
    A. discount
    B. income
    C. deficit
    D. premium
18.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
19.Notes may be issued (    )          (满分:2)
    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
20.What is the type of account and normal balance of Allowance for Doubtful Accounts?          (满分:2)
    A. Contra asset, credit
    B. Asset, debit
    C. Asset, credit
    D. Contra asset, debit
二、判断题:【30道,总分:60分】

1.The accrual basis of accounting requires revenue be recorded when cash is received from customers.          (满分:2)
    A. 错误
    B. 正确
2.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
3.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
4.Treasury Stock is listed in the stockholders' equity section on the balance sheet.          (满分:2)
    A. 错误
    B. 正确
5.The amortization of a premium on bonds payable decreases bond interest expense.          (满分:2)
    A. 错误
    B. 正确
6.A business using the perpetual inventory system, with its detailed subsidiary records, does not need to take a physical inventory.          (满分:2)
    A. 错误
    B. 正确
7.Consuming goods and services in the process of generating revenues results in expenses.          (满分:2)
    A. 错误
    B. 正确
8.Overall objective of financial reporting is to provide financial information useful to internal users in making economic decisions.          (满分:2)
    A. 错误
    B. 正确
9.In preparing bank reconciliation, the amount of outstanding checks is added to the balance per bank statement.          (满分:2)
    A. 错误
    B. 正确
10.The difference between Accounts Receivable and its contra asset account is called net realizable value.          (满分:2)
    A. 错误
    B. 正确
11.A corporation is a business that is legally separate and distinct from its owners.          (满分:2)
    A. 错误
    B. 正确
12.During inflationary periods, an advantage of the LIFO inventory cost method is that it matches more recent costs against current revenues.          (满分:2)
    A. 错误
    B. 正确
13.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.          (满分:2)
    A. 错误
    B. 正确
14.The declining-balance method is an accelerated depreciation method.          (满分:2)
    A. 错误
    B. 正确
15.Financial statements should be understandable to everyone.          (满分:2)
    A. 错误
    B. 正确
16.Accounting is a service that provides many different users with financial information to make economic decisions.          (满分:2)
    A. 错误
    B. 正确
17.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
18.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
19.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
20.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
21.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
22.If ending inventory for the year is understated, net income for the year is overstated.          (满分:2)
    A. 错误
    B. 正确
23.All property, plant, and equipment assets are depreciated over time.          (满分:2)
    A. 错误
    B. 正确
24.Sales Discounts is a revenue account with a credit balance.          (满分:2)
    A. 错误
    B. 正确
25.The main reason that the bank statement cash balance and the depositor's cash balance do not initially balance is due to timing differences.          (满分:2)
    A. 错误
    B. 正确
26.The prices of bonds are quoted as a percentage of the bonds' market value.          (满分:2)
    A. 错误
    B. 正确
27.When using the FIFO inventory costing method, the most recent costs are assigned to the cost of goods sold.          (满分:2)
    A. 错误
    B. 正确
28.Horizontal analysis is used to compare the financial statements of the same company for different periods.          (满分:2)
    A. 错误
    B. 正确
29.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
30.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.          (满分:2)
    A. 错误
    B. 正确