南开大学会计学专业《会计专业英语》作业及答案1试题内容及答案大全-财经股

第1题、 [单选题] In the accounting cycle, the last step is ()

A.preparing the financial statements

B.journalizing and posting the adjusting entries

C.preparing a post-closing trial balance

D.journalizing and posting the closing entries

答案如下：

C

第2题、 [单选题] When the corporation issuing the bonds has the right to repurchase the bonds prior to the maturity date for a specific price, the bonds are ()

A.convertible bonds

B.unsecured bonds

C.debenture bonds

D.callable bonds

答案如下：

D

第3题、 [单选题] 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

答案如下：

B

第4题、 [单选题] 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

答案如下：

C

第5题、 [单选题] 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 discovered and corrected

D.the bank must make sure that its records are correct

答案如下：

C

第6题、 [单选题] 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

答案如下：

B

第7题、 [单选题] The financial statement that presents a summary of the revenues and expenses of a business for a specific period of time, such as a month or year, is called a(n) ()

A.income statement

B.income statement

C.prior period statement

D.statement of owner’s equity

答案如下：

A

第8题、 [单选题] All of the following below are needed for the calculation of depreciation except ()

A.cost

B.residual value

C.estimated life

D.book value

答案如下：

D

第9题、 [单选题] 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

答案如下：

A

第10题、 [单选题] 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

答案如下：

D

第11题、 [单选题] If preferred stock has dividends in arrears, the preferred stock must be ()

A.participating

B.callable

C.cumulative

D.convertible

答案如下：

C

第12题、 [单选题] The cost method of accounting for stock ()

A.recognizes dividends as income

B.is only appropriate as part of a consolidation

C.requires the investment be increased by the reported net income of the investee

D.requires the investment be decreased by the reported net income of the investee

答案如下：

A

第13题、 [单选题] 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

答案如下：

C

第14题、 [单选题] Profit is the difference between ()

A.assets and liabilities

B.the incoming cash and outgoing cash

C.he assets purchased with cash contributed by the owner and the cash spent to operate the business

D.the amounts received from customers for goods or services and the amounts paid for the inputs used to provide the goods or services

答案如下：

D

第15题、 [单选题] The liability for a dividend is recorded on which of the following dates?()

A.the date of record

B.the date of payment

C.the date of announcement

D.the date of declaration

答案如下：

D

第16题、 [单选题] Expenses are recorded when ()

A.cash is paid for services rendered

B.a bill is received in advance of services rendered

C.services are rendered

D.none of the above

答案如下：

C

第17题、 [单选题] Using accrual accounting, expenses are recorded and reported only ()

A.when they are incurred, whether or not cash is paid

B.when they are incurred and paid at the same time

C.if they are paid before they are incurred

D.if they are paid after they are incurred

答案如下：

A

第18题、 [单选题] 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

答案如下：

C

第19题、 [单选题] Which of the following groups of accounts have a normal debit balance?()

A.revenues, liabilities, capital

B.capital, assets

C.liabilities, expenses

D.assets, expenses

答案如下：

D

第20题、 [单选题] 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

答案如下：

B

第21题、 [判断题] Accounting Process is identifying, measuring, recording, and communicating economic information to permit informed judgments and decisions by users of information.()

A.正确

B.错误

答案如下：

A

第22题、 [判断题] The increase side of all accounts is the normal balance.()

A.正确

B.错误

答案如下：

A

第23题、 [判断题] If a firm has a quick ratio of 1, the subsequent payment of an account payable will cause the ratio to increase.()

A.正确

B.错误

答案如下：

B

第24题、 [判断题] An income statement is a summary of the revenues and expenses of a business as of a specific date.()

A.正确

B.错误

答案如下：

B

第25题、 [判断题] The accrual basis of accounting requires revenue be recorded when cash is received from customers.()

A.正确

B.错误

答案如下：

B

第26题、 [判断题] Sales Discounts is a revenue account with a credit balance.()

A.正确

B.错误

答案如下：

B

第27题、 [判断题] Any difference between the fair market values of the securities and their cost is a realized gain or loss.()

A.正确

B.错误

答案如下：

B

第28题、 [判断题] Revenue accounts are increased by credits.()

A.正确

B.错误

答案如下：

A

第29题、 [判断题] The matching concept requires expenses be recorded in the same period that the related revenue is recorded.()

A.正确

B.错误

答案如下：

A

第30题、 [判断题] Under the equity method, a stock purchase is recorded at its original cost and is not adjusted to fair market value each accounting period.()

A.正确

B.错误

答案如下：

A

第31题、 [判断题] A business using the perpetual inventory system, with its detailed subsidiary records, does not need to take a physical inventory.()

A.正确

B.错误

答案如下：

B

第32题、 [判断题] A corporation is a business that is legally separate and distinct from its owners.()

A.正确

B.错误

答案如下：

A

第33题、 [判断题] Paying an account payable increases liabilities and decreases assets.()

A.正确

B.错误

答案如下：

B

第34题、 [判断题] Recognition is the process of incorporating in the balance sheet or income statement an item that meet the definition of an element and satisfies the recognition criteria.()

A.正确

B.错误

答案如下：

A

第35题、 [判断题] The declining-balance method is an accelerated depreciation method.()

A.正确

B.错误

答案如下：

A

第36题、 [判断题] 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.正确

B.错误

答案如下：

B

第37题、 [判断题] 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.()

A.正确

B.错误

答案如下：

B

第38题、 [判断题] 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.()

A.正确

B.错误

答案如下：

B

第39题、 [判断题] A business using the perpetual inventory system, with its detailed subsidiary records, does not need to take a physical inventory.()

A.正确

B.错误

答案如下：

B

第40题、 [判断题] Liability accounts are increased by debits.()

A.正确

B.错误

答案如下：

B

第41题、 [判断题] All property, plant, and equipment assets are depreciated over time.()

A.正确

B.错误

答案如下：

B

第42题、 [判断题] Treasury Stock is listed in the stockholders' equity section on the balance sheet.()

A.正确

B.错误

答案如下：

A

第43题、 [判断题] 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.()

A.正确

B.错误

答案如下：

A

第44题、 [判断题] Even when a trial balance is in balance, there may be errors in the individual accounts.()

A.正确

B.错误

答案如下：

A

第45题、 [判断题] The declaration and issuance of a stock dividend does not affect the total amount of a corporation's assets, liabilities, or stockholders' equity.()

A.正确

B.错误

答案如下：

B

第46题、 [判断题] The book value of a fixed asset reported on the balance sheet represents its market value on that date.()

A.正确

B.错误

答案如下：

B

第47题、 [判断题] Amortization is the allocation process of writing off bond premiums and discounts to interest expense over the life of the bond issue.()

A.正确

B.错误

答案如下：

A

第48题、 [判断题] The role of accounting is to provide many different users with financial information to make economic decisions.()

A.正确

B.错误

答案如下：

A

第49题、 [判断题] The declaration of a stock dividend decreases a corporation's stockholders' equity and increases its liabilities.()

A.正确

B.错误

答案如下：

B

第50题、 [判断题] Solvency analysis focuses on the ability of a business to pay its current and noncurrent liabilities.()

A.正确

B.错误

答案如下：

A

南开大学会计学专业《会计专业英语》作业及答案1试卷及答案大全