1、15 春学期会计专业英语在线作业 一,单选题1. A capital expenditure results in a debit to （ ）A. an expense accountB. a capital accountC. a liability accountD. an asset account?正确答案：D2. The debt created by a business when it makes a purchase on account is referred to as anA. account payableB. account receivableC. assetD.
2、 expense payable?正确答案：A3. When the corporation issuing the bonds has the right to repurchase the bonds prior to the maturity date for a specific price, the bonds areA. convertible bondsB. unsecured bondsC. debenture bondsD. callable bonds?正确答案：D4. Which of the items below is not a business organizat
3、ion form?（ ）A. entrepreneurshipB. proprietorshipC. partnershipD. corporation?正确答案：A5. Cash investments made by the owner to the business are reported on the statement of cash flows in theA. financing activities sectionB. investing activities sectionC. operating activities sectionD. supplemental stat
4、ement?正确答案：A6. Current liabilities are（ ）A. due, but not receivable for more than one yearB. due, but not payable for more than one yearC. due and receivable within one yearD. due and payable within one year?正确答案：D7. The measurement bases exclude( )A. Historical costB. Current costC. Sale priceD. Pr
5、esent value?正确答案：C8. A bank reconciliation should be prepared periodically because （ ）A. the depositors records and the banks records are in agreementB. the bank has not recorded all of its transactionsC. any differences between the depositors records and the banks正确答案：C9. Which statement below is n
6、ot a reason for a corporation to buy back its own stock.A. resale to employeesB. bonus to employeesC. for supporting the market price of the stockD. to increase the shares outstanding?正确答案：D10. On the balance sheet, the amount shown for the Allowance for Doubtful Accounts is equal to the （ ）A. Uncol
7、lectible accounts expense for the yearB. total of the accounts receivables written-off during the yearC. total estimated uncollectible accounts正确答案：C11. Cash dividends are usually not paid on which of the following?A. class B common stockB. preferred stockC. treasury stockD. class A common stock?正确答
8、案：C12. The primary purpose of a stock split is to （ ）A. increase paid-in capitalB. reduce the market price of the stock per shareC. increase the market price of the stock per shareD. increase retained earnings?正确答案：B13. When the perpetual inventory system is used, the inventory sold is debited to (
9、)A. supplies expenseB. cost of merchandise soldC. merchandise inventoryD. sales?正确答案：B14. The two most common specialized fields of accounting in practice are( )A. forensic accounting and financial accountingB. managerial accounting and financial accountingC. managerial accounting and environmental
10、accountingD. financial accounting and正确答案：B15. The cost of a product warranty should be included as an expense in the （ ）A. period the cash is collected for a product sold on accountB. future period when the cost of repairing the product is paidC. period of the sale of the productD. future per正确答案：C
11、16. What is the type of account and normal balance of Allowance for Doubtful Accounts?A. Contra asset, creditB. Asset, debitC. Asset, creditD. Contra asset, debit?正确答案：A17. The inventory method that assigns the most recent costs to cost of good sold isA. FIFOB. LIFOC. averageD. specific identificati
12、on?正确答案：B18. Sinking Fund Cash would be classified on the balance sheet as （ ）A. a current assetB. a fixed assetC. an intangible assetD. an investment?正确答案：D19. Revenue should be recognized when（ ）A. cash is receivedB. the service is performedC. the customer places an orderD. the customer charges an
13、 order?正确答案：B20. For accounting purposes, the business entity should be considered separate from its owners if the entity is（ ）A. a corporationB. a proprietorshipC. a partnershipD. all of the above?正确答案：D二,判断题1. Overall objective of financial reporting is to provide financial information useful to i
14、nternal users in making economic decisions.A. 错误B. 正确?正确答案：A2. 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?正确答案：B3. A fixed asset impairments occurs when the fair value of a f
15、ixed asset falls below its book value and is not expected to recover.A. 错误B. 正确?正确答案：B4. Bonds are sold at face value when the contract rate is equal to the market rate of interest.A. 错误B. 正确?正确答案：B5. In preparing bank reconciliation, the amount of outstanding checks is added to the balance per bank
16、 statement.A. 错误B. 正确?正确答案：A6. 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：A7. Sales Discounts is a revenue account with a credit balance.A. 错误B. 正确?正确答案：A
17、8. An income statement is a summary of the revenues and expenses of a business as of a specific date.A. 错误B. 正确?正确答案：A9. Financial statements should be understandable to everyone.A. 错误B. 正确?正确答案：A10. The allowance for doubtful accounts is similar to accumulated depreciation in that the account repre
18、sents the total of all accounts written-off since the beginning year.A. 错误B. 正确?正确答案：A11. Revenue accounts are increased by credits.A. 错误B. 正确?正确答案：B12. During inflationary periods, an advantage of the LIFO inventory cost method is that it matches more recent costs against current revenues.A. 错误B. 正
19、确?正确答案：B13. The statement of cash flows consists of an operating section, an income section, and an equity section.A. 错误B. 正确?正确答案：A14. 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：A15. Ordinarily, a corporation owning a si
20、gnificant portion of the voting stock of another corporation accounts for the investment using the equity method.A. 错误B. 正确?正确答案：B16. Income is recognized when an increase in future benefits related to an increase in an asset of a decrease of a liability has arisen that can be measured reliably.A. 错
21、误B. 正确?正确答案：B17. The balance of the allowance for doubtful accounts is added to accounts receivable on the balance sheet.A. 错误B. 正确?正确答案：A18. Managerial accounting is primarily concerned with the recording and reporting of economic data and activities of an entity for use by owners, creditors, gover
22、nmental agencies, and the public.A. 错误B. 正确?正确答案：A19. The journal entry to record the cost of warranty repairs that were incurred during the current period, but related to sales made in prior years, includes a debit to Warranty Expense.A. 错误B. 正确?正确答案：B20. Information is material if its omission or
23、misstatement could influence the economic decisions of users.A. 错误B. 正确?正确答案：B21. The book value of a fixed asset reported on the balance sheet represents its market value on that date.A. 错误B. 正确?正确答案：A22. Consuming goods and services in the process of generating revenues results in expenses.A. 错误B.
24、 正确?正确答案：B23. If ending inventory for the year is understated, net income for the year is overstated.A. 错误B. 正确?正确答案：A24. The amortization of a premium on bonds payable decreases bond interest expense.A. 错误B. 正确?正确答案：B25. Amortization is the allocation process of writing off bond premiums and discou
25、nts to interest expense over the life of the bond issue.A. 错误B. 正确?正确答案：B26. Intangible assets differ from property, plant and equipment assets in that they lack physical substance.A. 错误B. 正确?正确答案：B27. Allowance for Doubtful Accounts is a liability account.A. 错误B. 正确?正确答案：A28. The double-entry accounting system records each transaction twice.A. 错误B. 正确?正确答案：A29. Primary users of accounting information are accountants.A. 错误B. 正确?正确答案：A30. When a stock dividend is declared, it becomes a liabilityA. 错误B. 正确?正确答案：A
