21春学期（1709、1803、1809、1903、1909、2003、2009、2103）《会计专业英语》在线作业
试卷总分:100    得分:100
第1题,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
正确答案:


第2题,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
正确答案:


第3题,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
正确答案:


第4题,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
正确答案:


答案来源：（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
正确答案:


第6题,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
正确答案:


第7题,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
正确答案:


第8题,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:


第9题,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
正确答案:


答案来源：（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
正确答案:


第11题,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:


答案来源：（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
正确答案:


第13题,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
正确答案:


第14题,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
正确答案:


答案来源：（www.）,Which of the items below is not a business organization form?(   )
A、entrepreneurship
B、proprietorship
C、partnership
D、corporation
正确答案:


第16题,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
正确答案:


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


第18题,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:


第19题,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
正确答案:


答案来源：（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
正确答案:


第21题,The cost of new equipment is called a revenue expenditure because it will help generate revenues in the future.
A、错误
B、正确
正确答案:


第22题,A business using the perpetual inventory system, with its detailed subsidiary records, does not need to take a physical inventory.
T、对
F、错
正确答案:F


第23题,The relationship of each asset item as a percent of total assets is an example of vertical analysis.
A、错误
B、正确
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第24题,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、对
F、错
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答案来源：（www.）,An example of an external user of accounting information is the government.
T、对
F、错
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第26题,Treasury Stock is listed in the stockholders' equity section on the balance sheet.
T、对
F、错
正确答案:


第27题,In preparing bank reconciliation, the amount of deposits in transit is deducted from the balance per bank statement.
A、错误
B、正确
正确答案:


第28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.
T、对
F、错
正确答案:F


第29题,Even when a trial balance is in balance, there may be errors in the individual accounts.
T、对
F、错
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答案来源：（www.）,The matching concept supports reporting revenues and related expenses in the same period.
T、对
F、错
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第31题,An account receivable is a claim against a customer arising from a sale on account.
T、对
F、错
更多答案下载：（www.）


第32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.
A、错误
B、正确
正确答案:F


第33题,The two main sources of stockholders' equity are investments contributed by stockholders and net income retained in the business.
A、错误
B、正确
正确答案:


第34题,Information is material if its omission or misstatement could influence the economic decisions of users.
A、错误
B、正确
正确答案:


第35题,When a large quantity of merchandise is purchased, a reduction allowed on the sale price is called a trade discount.
A、错误
B、正确
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第36题,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:F


第37题,Accounting Process is identifying, measuring, recording, and communicating economic information to permit informed judgments and decisions by users of information.
A、错误
B、正确
正确答案:


第38题,The increase side of all accounts is the normal balance.
T、对
F、错
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第39题,Revenue is earned only when money is received.
T、对
F、错
正确答案:


第40题,The accounting equation can be expressed as Assets - Liabilities = Owner's Equity.
T、对
F、错
正确答案:


第41题,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、对
F、错
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第42题,When using the FIFO inventory costing method, the most recent costs are assigned to the cost of goods sold.
A、错误
B、正确
正确答案:F


第43题,When using the FIFO inventory costing method, the most recent costs are assigned to the cost of goods sold.
T、对
F、错
正确答案:F


第44题,An income statement is a summary of the revenues and expenses of a business as of a specific date.
T、对
F、错
正确答案:F


第45题,The maturity value of a note receivable is always the same as its face value.
T、对
F、错
正确答案:F


第46题,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:


第47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.
A、错误
B、正确
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第48题,Before a stock dividend can be declared or paid, there must be sufficient cash.
T、对
F、错
正确答案:


第49题,Ordinarily, a corporation owning a significant portion of the voting stock of another corporation accounts for the investment using the equity method.
T、对
F、错
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答案来源：（www.）,An account receivable is typically classified as a revenue.
T、对
F、错
正确答案:F