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答案来源：www.ybaotk.com
22秋学期（高起本1709-1803、全层次1809-2103）《会计专业英语》在线作业-00002
试卷总分:100 得分:100
一、单选题 (共 20 道试题,共 40 分)
1.Sinking Fund Cash would be classified on the balance sheet as （ ）
A.a current asset
B.a fixed asset
C.an intangible asset
D.an investment
答案:
2.Debts owed by a business are referred to as（ ）
A.accounts receivables
B.equities
C.owner's equity
D.liabilities
答案:
3.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.
答案:
4.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
答案:
5.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
答案:
6.What is the term applied to the excess of net revenue from sales over the cost of merchandise sold?
A.gross profit
B.income from operations
C.net income
D.gross sales
答案:
7.All of the following occur with a double-entry accounting system except:
A.The accounting equation remains in balance.
B.Each business transaction will have only two entries.
C.Every transaction affects at least two accounts
D.The sum of all debits is always equal to the sum of all credits in each journal entry.
答案:
8.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
答案:
9.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
答案:
10.The ability of a business to pay its debts as they come due and to earn a reasonable amount of income is referred to as ( )
A.solvency and leverage
B.solvency and profitability
C.solvency and liquidity
D.solvency and equity
答案:
11.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
答案:
12.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.
答案:
13.How does paying a liability in cash affect the accounting equation?
A.assets increase; liabilities decrease
B.assets increase; liabilities increase
C.assets decrease; liabilities decrease
D.liabilities decrease; owner's equity increases
答案:
14.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
答案:
15.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
答案:
16.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
答案:
17.All of the following below are needed for the calculation of depreciation except( )
A.cost
B.residual value
C.estimated life
D.book value
答案:
18.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
答案:
19.Which of the following entries records the acquisition of office supplies on account?
A.Office Supplies, debit; Cash, credit
B.Cash, debit; Office Supplies, credit
C.Office Supplies, debit; Accounts Payable, credit
D.Accounts Receivable, debit; Office Supplies, credit
答案:
20.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
答案:
二、答案来源：雅宝题库网（www.ybaotk.com） (共 30 道试题,共 60 分)
21.Bonds are sold at face value when the contract rate is equal to the market rate of interest.
答案:正确
22.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.
答案:错误
23.The book value of a fixed asset reported on the balance sheet represents its market value on that date.
答案:错误
24.Solvency analysis focuses on the ability of a business to pay its current and noncurrent liabilities.
答案:正确
25.An income statement is a summary of the revenues and expenses of a business as of a specific date.
答案:错误
26.Merchandising businesses sell products that they purchase from other businesses to customers.
答案:正确
27.Sales Discounts is a revenue account with a credit balance.
答案:错误
28.The cost of new equipment is called a revenue expenditure because it will help generate revenues in the future.
答案:错误
29.Liability accounts are increased by debits.
答案:错误
30.When using the FIFO inventory costing method, the most recent costs are assigned to the cost of goods sold.
答案:错误
31.Even when a trial balance is in balance, there may be errors in the individual accounts.
答案:正确
32.The equity method is usually more appropriate for accounting for investments where the purchaser does not have significant influence over the investee.
答案:错误
33.If the debit portion of an adjusting entry is to an asset account, then the credit portion must be to a liability account.
答案:错误
34.The accrual basis of accounting requires revenue be recorded when cash is received from customers.
答案:错误
35.Information is material if its omission or misstatement could influence the economic decisions of users.
答案:正确
36.The units of production depreciation method matches expenses against revenue the best.
答案:正确
37.Revenue is earned only when money is received.
答案:错误
38.The amortization of a premium on bonds payable decreases bond interest expense.
答案:正确
39.An example of an external user of accounting information is the government.
答案:正确
40.Adjusting entries are needed to ensure that the revenue recognition and matching principles are followed.
答案:正确
41.The statement of cash flows consists of an operating section, an income section, and an equity section.
答案:错误
42.Bondholders are creditors of the issuing corporation.
答案:正确
43.The allowance for doubtful accounts is similar to accumulated depreciation in that the account represents the total of all accounts written-off since the beginning year.
答案:错误
44.Solvency analysis focuses on the ability of a business to pay its current and noncurrent liabilities.
答案:正确
45.The accounting equation can be expressed as Assets - Liabilities = Owner's Equity.
答案:正确
46.If the proceeds from the sale of bond investments exceeds the carrying amount of the bonds, a gain is realized.
答案:正确
47.The declaration of a stock dividend decreases a corporation's stockholders' equity and increases its liabilities.
答案:错误
48.The day on which the board of directors of the corporation distributes a dividend is called the declaration date.
答案:错误
49.Bondholders claims on the assets of the corporation rank ahead of stockholders.
答案:正确
50.A balance sheet is a list of the assets, liabilities, and owner's equity of a business for a period of time.
答案:错误
答案来源：www.ybaotk.com
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