22春学期（高起本1709-1803、全层次1809-2103）《会计专业英语》在线作业-00003
试卷总分:100 得分:100
一、单选题 (共 20 道试题,共 40 分)
1.Which of the following should not be considered cash by an accountant?
A.coins
B.bank checking accounts
C.postage stamps
D.Petty cash funds
2.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
3.A capital expenditure results in a debit to ( )
A.an expense account
B.a capital account
C.a liability account
D.an asset account
4.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
5.The measurement bases exclude( )
A.Historical cost
B.Current cost
C.Sale price
D.Present value
6.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
7.The primary purpose of a stock split is to （ ）
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
8.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
9.The price at which a stock can be sold depends upon a number of factors. Which statement below is not one of those factors?( )
A.the financial condition, earnings record, and dividend record of the corporation
B.investor expectations of the corporation's earning power
C.how high the par value
D.general business and economic conditions and prospects
10.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
11.The amount of the outstanding checks is included on the bank reconciliation as a(n) （ ）
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
12.Current liabilities are（ ）
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
13.Accumulated Depreciation ( )
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.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
15.Which of the following is not included in the computation of the quick ratio?
A.inventory
B.marketable securities
C.accounts receivable
D.cash
16.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
17.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
18.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
19.If title to merchandise purchases passes to the buyer when the goods are shipped from the seller, the terms are
A.n/30
B.FOB shipping point
C.FOB destination
D.consigned
20.Stockholders' equity ( )
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
二、判断题 (共 30 道试题,共 60 分)
21.The matching concept requires expenses be recorded in the same period that the related revenue is recorded.
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.
23.The difference between Accounts Receivable and its contra asset account is called net realizable value.
24.Under the periodic inventory system, the cost of merchandise sold is recorded when sales are made.
25.A business using the perpetual inventory system, with its detailed subsidiary records, does not need to take a physical inventory.
26.During the closing process, some balance sheet accounts are closed and end the period with a zero balance.
27.Temporary investments are reported on the balance sheet at cost.
28.The declaration of a stock dividend decreases a corporation's stockholders' equity and increases its liabilities.
29.The matching concept requires expenses be recorded in the same period that the related revenue is recorded.
30.Before a stock dividend can be declared or paid, there must be sufficient cash.
31.Liability accounts are increased by debits.
32.Sales Discounts is a revenue account with a credit balance.
33.The effect of a sales return and allowance is a reduction in sales revenue and a decrease in cash or accounts receivable.
34.When a large quantity of merchandise is purchased, a reduction allowed on the sale price is called a trade discount.
35.The relationship of each asset item as a percent of total assets is an example of vertical analysis.
36.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.
37.Intangible assets differ from property, plant and equipment assets in that they lack physical substance.
38.In establishing a petty cash fund, a check is written for the amount of the fund and is recorded as a debit to Accounts Payable and a credit to Petty Cash.
39.The balance of the allowance for doubtful accounts is added to accounts receivable on the balance sheet.
40.All property, plant, and equipment assets are depreciated over time.
41.The difference between Accounts Receivable and its contra asset account is called net realizable value.
42.Primary users of accounting information are accountants.
43.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.
44.The prices of bonds are quoted as a percentage of the bonds' market value.
45.Accrued expenses are expenses that have been incurred but not yet paid in cash and there is no original entry.
46.The declining-balance method is an accelerated depreciation method.
47.Merchandising businesses sell products that they purchase from other businesses to customers.
48.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.
49.The two main sources of stockholders' equity are investments contributed by stockholders and net income retained in the business.
50.Ordinarily, a corporation owning a significant portion of the voting stock of another corporation accounts for the investment using the equity method.
