南开19秋学期《会计专业英语》在线作业1(100分）

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【奥鹏】[南开大学]19秋学期（1709、1803、1809、1903、1909）《会计专业英语》在线作业
试卷总分:100    得分:100
第1题,Stockholders' equity (  )
A、is usually equal to cash on hand
  L2 h4 ?7 P0 a. F5 ~B、includes paid-in capital and liabilities
C、includes retained earnings and paid-in capital
% l6 W1 e1 q  |* L0 N5 SD、is shown on the income statement
2 E8 C! v& r# d5 ~/ n正确资料:
3 V" c" H5 J8 b

第2题,Merchandise inventory at the end of the year was understated.  Which of the following statements correctly states the effect of the error?
$ i: J, S7 ]0 k. |: V* eA、net income is understated
- H0 B% q, H+ a8 G! OB、net income is overstated
C、cost of merchandise sold is understated
D、merchandise inventory reported on the balance sheet is overstated
正确资料:


, Q! t0 z3 D, p* x5 b; h7 C第3题,The excess of issue price over par of common stock is termed a(n) （  ）
$ a! e; |" e- B4 \# r% g/ VA、discount
B、income
2 l! u) C' {1 D$ {; dC、deficit
D、premium
: B8 N( R* S' h8 X1 f; `正确资料:
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0 e8 B' r. o$ |2 }第4题,The journal entry a company uses to record the estimated accrued product warranty liability is (  )
) O5 I5 n0 K3 e1 _) V' B' u( QA、debit Product Warranty Expense; credit Product Warranty Payable
% D5 @2 [1 t6 b9 Q  WB、debit Product Warranty Payable; credit Cash
) `  W9 u6 ^* X+ ?- pC、debit Product Warranty Expense; credit Cash
D、debit Product Warranty Payable; credit Product Warranty Expense
+ z7 b/ S' o# Z9 O3 l% r正确资料:


5 h. M$ a0 B  f# [$ Z0 \第5题,Cash investments made by the owner to the business are reported on the statement of cash flows in the
A、financing activities section
+ Q- S, k0 o4 }( ]4 xB、investing activities section
2 D# E& ]" Z; h$ v+ WC、operating activities section
# A1 ?7 U3 e  ~- z' m9 _D、supplemental statement
正确资料:
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$ X* W4 E/ }: g2 x$ n+ t第6题,Cash dividends are usually not paid on which of the following?
A、class B common stock
B、preferred stock
% R- C0 O& v, i! B* D3 `% v5 ~* TC、treasury stock
9 M; ^2 h. w0 \5 O# I3 MD、class A common stock
正确资料:
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' o  u& ]  |, s$ p$ z1 w9 C7 L9 D' C第7题,Which of the following concepts relates to separating the reporting of business and personal economic transactions?
' g4 {+ h' J# lA、Cost Concept
- W+ t5 |& I+ E8 Y, mB、Unit of Measure Concept
8 y- x3 T/ O, B1 R  V' KC、Business Entity Concept
9 Z/ p% u' t3 B1 X6 WD、Objectivity Concept
3 K& o5 i1 v" S, g* r: q5 l2 Q正确资料:
, O6 J# p0 Z& U3 I# b! C

第8题,A capital expenditure results in a debit to （  ）
A、an expense account
B、a capital account
& `8 H7 {5 y% J3 U: \( p- j9 R& cC、a liability account
D、an asset account
正确资料:
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第9题,The characteristics of partnership exclude(   )
* |* P: D4 d  QA、more financial resources than a proprietorship
B、additional management skills
/ F+ M. j$ ^5 d) y- K2 wC、limited liability
! d( Q9 C  p) j: y% OD、unlimited liability
% h' c; W+ k9 ?8 v$ v* o正确资料:
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第10题,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
8 D9 U6 l( N2 b0 b  i0 |) t正确资料:


  Q2 [; `" l" ^5 T" P  j6 M第11题,The debt created by a business when it makes a purchase on account is referred to as an
A、account payable
B、account receivable
C、asset
D、expense payable
正确资料:


7 Z) A2 k' w  p$ k" q" Q; N第12题,The most widely used depreciation method is
% J% H8 H0 `9 `- f6 p* {" WA、straight-line
B、sum-of-the-years-digits
# _1 R: l8 L. qC、declining-balance
1 I+ \$ A+ P' Q$ a/ @D、units-of-production
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第13题,A business paid $7,000 to a creditor in payment of an amount owed. The effect of the transaction on the accounting equation was to
A、increase one asset, decrease another asset
B、decrease an asset, decrease a liability
C、increase an asset, increase a liability
9 Q0 ~9 I9 y& }D、increase an asset, increase owner's equity
正确资料:
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1 ^5 s9 J0 b  e第14题,A bank reconciliation should be prepared periodically because (  )
A、the depositor's records and the bank's records are in agreement
# J0 n: Q" F, ~8 l" ]6 G" vB、the bank has not recorded all of its transactions
% a2 J" B/ s; w1 s, _C、any differences between the depositor's records and the bank's records should be determined, and any errors made by either party should be discovered and corrected
/ ~. t; C& |. b5 WD、the bank must make sure that its records are correct
  n8 N4 Z3 u+ L) _5 q9 p' ~4 [' O) k正确资料:
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第15题,Notes may be issued (  )
A、when assets are purchased
B、to creditor's to temporarily satisfy an account payable created earlier
C、when borrowing money
' @( E; a7 g5 L: c& B1 V6 VD、all of the above
正确资料:
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5 {; y& g) D+ r  Y第16题,Merchandise inventory at the end of the year is overstated. Which of the following statements correctly states the effect of the error?
6 f* K+ I7 P) W" u( {0 q0 wA、owner's equity is overstated
- [' z! @8 |$ l9 T; U4 TB、cost of merchandise sold is overstated
C、gross profit is understated
D、net income is understated
正确资料:
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第17题,Sinking Fund Cash would be classified on the balance sheet as （  ）
A、a current asset
B、a fixed asset
% h) }- N/ w) ?( Z; B4 m0 C9 GC、an intangible asset
# M  ?& Z1 a( P$ }5 }D、an investment
, X, @* X8 ~; M2 `$ S正确资料:
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第18题,The reduction of par or stated value of stock by issuance of a proportionate number of additional shares is termed a (  )
8 o( D. ~$ B3 }5 a; G/ ~0 z$ ~- AA、liquidating dividend
B、stock split
C、stock option
& }: L9 m+ {! A" M" RD、preferred dividend
正确资料:
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6 K: O" |  L, Y  V  z2 O) B; x. G- ^第19题,If the maker of a promissory note fails to pay the note on the due date, the note is said to be(  )
A、displaced
B、disallowed
C、dishonored
D、dishonored
正确资料:


( t1 Y2 i3 V6 Y第20题,The most widely used depreciation method is
A、straight-line
B、sum-of-the-years-digits
C、declining-balance
D、units-of-production
* s- p0 K; L& I* B) _6 |9 f& {2 R正确资料:


第21题,A balance sheet is a list of the assets, liabilities, and owner's equity of a business for a period of time.
4 w  _. E8 I+ }1 D6 D3 ^8 C8 U) }! hA、错误
1 g6 c! p' T. N2 JB、正确
* k" r( C4 \4 @3 b, H  U% R1 W+ J6 I$ X正确资料:
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第22题,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.
T、对
7 w) j: m7 t; Y( W' kF、错
正确资料:F


第23题,The relationship of each asset item as a percent of total assets is an example of vertical analysis.
T、对
F、错
正确资料:T
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7 t! i2 T+ F. T% t' E5 [- C第24题,Merchandising businesses sell products that they purchase from other businesses to customers.
+ `; S. u9 L: o. x" B4 NA、错误
B、正确
正确资料:
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第25题,Purchasing supplies on account increases liabilities and decreases equity.
T、对
% m% e* [& Y% \% eF、错
正确资料:F


第26题,The amortization of a premium on bonds payable decreases bond interest expense.
A、错误
" L8 j( M  ~. Y4 H/ N' pB、正确
+ P2 ?! R7 ~3 Z; C9 ]$ \) H正确资料:


! W( {) W, E5 Z9 f! l第27题,Merchandise that is returned to the vendor is referred to as a sales allowance.
0 u  F: f# Q8 g, `5 P* J  IT、对
F、错
' B# B8 I. E5 l/ [5 U" |) j正确资料:F


第28题,The amortization of a premium on bonds payable decreases bond interest expense.
T、对
' d7 s9 @6 I2 A  V% gF、错
( {# N4 A4 O, H. D! j" {$ @正确资料:T


7 O, B8 Z4 a: T9 E# [1 W3 l, H第29题,An account receivable is a claim against a customer arising from a sale on account.
* X# m+ }6 m% J3 r8 B$ jA、错误
B、正确
" `2 G6 p4 U/ x5 `# a) h/ V正确资料:

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第30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.
4 n& c5 o- P! H. ?A、错误
( \( l' \' ^: n+ O  O& {B、正确
正确资料:
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5 i: h# ?+ B, N4 {9 n4 j! F7 h/ s第31题,The two main sources of stockholders' equity are investments contributed by stockholders and net income retained in the business.
2 E( e2 b  S2 m4 j. T5 O5 sA、错误
/ O; y  R5 s9 B8 j2 ^B、正确
正确资料:

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0 a2 h% t' G. x& ^5 v+ F第32题,A sale of treasury stock may result in a decrease in paid-in-capital. All decreases should be charged to the Paid-In-Capital from Sale of Treasury account.
% a* Y( Q8 h3 CT、对
F、错
正确资料:F


$ W' g% M7 Y. d. u4 `" @第33题,Liability accounts are increased by debits.
T、对
7 E5 e( V% Y+ `4 s9 L1 nF、错
( H6 t+ X6 j! u& i正确资料:F


第34题,Allowance for Doubtful Accounts is a liability account.
A、错误
( M- _& V( Z) e- q4 [B、正确
3 L5 K6 e  Q: P, X; e/ e" }! P, X正确资料:
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第35题,Bonds are sold at face value when the contract rate is equal to the market rate of interest.
A、错误
B、正确
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6 Q9 @; o( g# k! S/ [第36题,The accounting equation can be expressed as Assets - Liabilities = Owner's Equity.
0 j8 W# K6 X# f1 ^T、对
; n8 B" O" E  z5 l3 }, b! qF、错
正确资料:T


; ]8 Q2 w  `+ V& }; [0 y+ J第37题,Any difference between the fair market values of the securities and their cost is a realized gain or loss.
T、对
F、错
. G' ]* g" P1 ~1 f$ l7 v% `- e! @正确资料:F


第38题,The declining-balance method is an accelerated depreciation method.
8 ?( ^0 F9 Z2 J9 g  z" Q7 r% K, xT、对
F、错
正确资料:T
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第39题,Treasury Stock is listed in the stockholders' equity section on the balance sheet.
A、错误
B、正确
7 h  R3 h( `4 |4 d& g: _正确资料:
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" a: ]! `8 |5 ^! T$ q. n第40题,The declining-balance method is an accelerated depreciation method.
  M! o! i$ @' j/ e2 ]! r9 i: bA、错误
/ r5 O0 ^3 H" i$ q: [0 q; WB、正确
正确资料:
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第41题,If bonds are sold for a discount, the carrying value of the bonds is equal to the face value less the unamortized discount.
T、对
F、错
正确资料:T


) y- ], j# @" ^第42题,When a large quantity of merchandise is purchased, a reduction allowed on the sale price is called a trade discount.
/ O' R, l$ w2 o! [A、错误
" P( i' b5 Q, P* m' i" [1 F: X$ z! D) fB、正确
正确资料:
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第43题,Every adjusting entry will affect at least one income statement account and one balance sheet account.
T、对
F、错
5 Z' T' m% P' y4 Y正确资料:T
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第44题,Liabilities that will be due within one year or less and that are to be paid out of current assets are called current liabilities.
7 x; ~6 Y$ r1 gT、对
F、错
7 ^3 N* n% Z: H7 g9 L正确资料:T

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第45题,Paying an account payable increases liabilities and decreases assets
T、对
F、错
* K% o2 D+ H% J: m4 K2 K正确资料:F
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9 }" n7 G' V. ^; F" M第46题,The matching concept requires expenses be recorded in the same period that the related revenue is recorded.
# {; T& ^- V2 m, W; C  VA、错误
. S8 C( ]% r6 a2 O( ?0 iB、正确
6 q7 s: e4 N$ ~2 ]- R) J正确资料:
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第47题,The increase side of all accounts is the normal balance.
" P/ f. O: |( k& `  P8 TT、对
; U6 W' m' P) H: `F、错
正确资料:T
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第48题,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.
! E4 U) K- b. V( {T、对
: k% s% L6 J7 ~; FF、错
正确资料:T


第49题,Information is material if its omission or misstatement could influence the economic decisions of users.
& B/ `" M6 ?; q$ @' j' ^4 n5 KA、错误
* _+ u$ ^, n, |( IB、正确
正确资料:

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第50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.
9 w% x1 Q& ]6 l5 s* h: \1 XA、错误
B、正确
( G9 P- R6 {+ }" ~正确资料:

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