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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,If the two totals of a trial balance are not equal, it could be due to
A、an error in determining the account balances, such as a balance being incorrectly computed
B、recording the same transaction more than once
C、failure to record a transaction
D、recording the same erroneous amount for both the debit and the credit parts of a transaction
正确答案:


第2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3题,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
C、supplies
D、both A and B
正确答案:


第4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.）,Using a perpetual inventory system, the entry to record the return from a customer of merchandise sold on account includes a
A、credit to Sales Returns and Allowances
B、debit to Merchandise Inventory
C、credit to Merchandise Inventory
D、debit to Cost of Merchandise Sold
正确答案:


第6题,On the balance sheet, the amount shown for the Allowance for Doubtful Accounts is equal to the (  )
A、Uncollectible accounts expense for the year
B、total of the accounts receivables written-off during the year
C、total estimated uncollectible accounts as of the end of the year
D、sum of all accounts that are past due.
正确答案:


第7题,Revenues are reported when
A、a contract is signed
B、a contract is signed
C、work is begun on the job
D、work is completed on the job
正确答案:


第8题,The interest rate specified in the bond indenture is called the （  ）
A、discount rate
B、contract rate
C、market rate
D、effective rate
正确答案:


第9题,The inventory method that assigns the most recent costs to cost of good sold is
A、FIFO
B、LIFO
C、average
D、specific identification
正确答案:


答案来源：（www.）,Merchandise inventory at the end of the year is overstated. Which of the following statements correctly states the effect of the error?
A、owner's equity is overstated
B、cost of merchandise sold is overstated
C、gross profit is understated
D、net income is understated
正确答案:,E


第11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:


答案来源：（www.）,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13题,Cash dividends are usually not paid on which of the following?
A、class B common stock
B、preferred stock
C、treasury stock
D、class A common stock
正确答案:


第14题,Revenue should be recognized when（  ）
A、cash is received
B、the service is performed
C、the customer places an order
D、the customer charges an order
正确答案:


答案来源：（www.）,In which section of the balance sheet would Treasury Stock be reported?
A、Fixed assets
B、Long-term liabilities
C、Stockholders' equity
D、Intangible assets
正确答案:


第16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17题,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:


第18题,For accounting purposes, the business entity should be considered separate from its owners if the entity is（  ）
A、a corporation
B、a proprietorship
C、a partnership
D、all of the above
正确答案:


第19题,Financial statements in which financial data for two or more companies are combined as a single entity are called
A、conventional statements
B、consolidated statements
C、audited statements
D、constitutional statements
正确答案:


答案来源：（www.）,Low Company owns 40% of the voting stock of High Corporation and uses the equity method in recording this investment.  High Corporation reported a $10,000 net loss.  Low Corporation's entry would include a (  )
A、Debit to the investment account for $10,000
B、Debit to the investment account for $4,000
C、Credit to the investment account for $4,000
D、Debit to a loss account for $4,000
正确答案:


第21题,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:


第22题,The prices of bonds are quoted as a percentage of the bonds' market value.
T、对
F、错
正确答案:


第23题,Primary users of accounting information are accountants.
A、错误
B、正确
正确答案:F


第24题,A corporation is a business that is legally separate and distinct from its owners.
T、对
F、错
更多答案下载：（www.）


答案来源：（www.）,The prices of bonds are quoted as a percentage of the bonds' market value.
A、错误
B、正确
正确答案:


第26题,Any difference between the fair market values of the securities and their cost is a realized gain or loss.
A、错误
B、正确
正确答案:


第27题,If ending inventory for the year is understated, net income for the year is overstated.
T、对
F、错
正确答案:


第28题,Bondholders claims on the assets of the corporation rank ahead of stockholders.
A、错误
B、正确
正确答案:


第29题,Ordinarily, a corporation owning a significant portion of the voting stock of another corporation accounts for the investment using the equity method.
A、错误
B、正确
更多答案下载：（www.）


答案来源：（www.）,Consuming goods and services in the process of generating revenues results in expenses.
A、错误
B、正确
正确答案:


第31题,If a firm has a quick ratio of 1, the subsequent payment of an account payable will cause the ratio to increase.
T、对
F、错
正确答案:F


第32题,Treasury Stock is listed in the stockholders' equity section on the balance sheet.
A、错误
B、正确
正确答案:


第33题,For strong internal control system over cash, it is important to have the duties related to cash receipts and cash payments divided among different employees.
T、对
F、错
正确答案:


第34题,The effect of a sales return and allowance is a reduction in sales revenue and a decrease in cash or accounts receivable.
T、对
F、错
正确答案:


第35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36题,If the liabilities owed by a business total $300,000 and owners equity is equal to $300,000, then the assets also total $300,000.
T、对
F、错
正确答案:F


第37题,The declining-balance method is an accelerated depreciation method.
T、对
F、错
更多答案下载：（www.）


第38题,Merchandise that is returned to the vendor is referred to as a sales allowance.
T、对
F、错
正确答案:F


第39题,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:


第40题,The relationship of each asset item as a percent of total assets is an example of vertical analysis.
T、对
F、错
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第41题,Available-for-sale securities are securities that management expects to sell in the future, but are not actively traded for profit.
A、错误
B、正确
更多答案下载：（www.）


第42题,The double-entry accounting system records each transaction twice.
A、错误
B、正确
正确答案:


第43题,In preparing bank reconciliation, the amount of deposits in transit is deducted from the balance per bank statement.
T、对
F、错
正确答案:


第44题,The day on which the board of directors of the corporation distributes a dividend is called the declaration date.
T、对
F、错
正确答案:F


第45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
更多答案下载：（www.）


第46题,If the proceeds from the sale of bond investments exceeds the carrying amount of the bonds, a gain is realized.
T、对
F、错
更多答案下载：（www.）


第47题,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
更多答案下载：（www.）


第48题,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.
A、错误
B、正确
正确答案:


第49题,The increase side of all accounts is the normal balance.
A、错误
B、正确
更多答案下载：（www.）


答案来源：（www.）,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.
T、对
F、错
正确答案:F