南開(kāi)大學(xué)20秋學(xué)期《會(huì)計(jì)專業(yè)英語(yǔ)》在線作業(yè)（參考答案）

1、南開(kāi)大學(xué)20秋學(xué)期會(huì)計(jì)專業(yè)英語(yǔ)在線作業(yè)（參考答案）Using accrual accounting, expenses are recorded and reported only().A.when they are incurred, whether or not cash is paidB.when they are incurred and paid at the same timeC.if they are paid before they are incurredD.if they are paid after they are incurredCurrent liabilities

2、 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 yearIn the accounting cycle, the last step is().A.preparing the financial statementsB.journalizing and posting the adjusting entriesC.p

3、reparing a post-closing trial balanceD.journalizing and posting the closing entriesNotes may be issued().A.when assets are purchasedB.to creditors to temporarily satisfy an account payable created earlierC.when borrowing moneyD.all of the aboveThe interest rate specified in the bond indenture is cal

4、led the().A.discount rateB.contract rateC.market rateD.effective rateProfit is the difference between().A.assets and liabilitiesB.the incoming cash and outgoing cashC.he assets purchased with cash contributed by the owner and the cash spent to operate the businessD.the amounts received from customer

5、s for goods or services and the amounts paid for the s used to provide the goods or servicesThe 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 t

6、he sale of the productD.future period when the product is repaired or replacedIn which section of the balance sheet would Treasury Stock be reported?()A.Fixed assetsB.Long-term liabilitiesC.Stockholders'equityD.Intangible assetsA bank reconciliation should be prepared periodically because().A.th

7、e depositors records and the banks records are in agreementB.the bank has not recorded all of its transactionsC.any differences between the depositor's records and the banks records should be determined, and any errors made by either party should be discovered and correctedD.the bank must make s

8、ure that its records are correctA capital expenditure results in a debit to().A.an expense accountB.a capital accountC.a liability accountD.an asset accountWhen the perpetual inventory system is used, the inventory sold is debited to().A.supplies expenseB.cost of merchandise soldC.merchandise invent

9、oryD.salesWhen 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 bondsB.unsecured bondsC.debenture bondsD.callable bondsThe interest rate specified in the bond indenture is called the().A.discount ra

10、teB.contract rateC.market rateD.effective rateIf preferred stock has pidends in arrears, the preferred stock must be().A.participatingB.callableC.cumulativeD.convertibleThe characteristics of partnership exclude().A.more financial resources than a proprietorshipB.additional management skillsC.limite

11、d liabilityD.unlimited liabilityThe liability for a pidend is recorded on which of the following dates?()A.the date of recordB.the date of paymentC.the date of announcementD.the date of declarationThe cost of accounting for stock().A.recognizes pidends as incomeB.is only appropriate as part of a con

12、solidationC.requires the investment be increased by the reported net income of the investeeD.requires the investment be decreased by the reported net income of the investeeThe debt created by a business when it makes a purchase on account is referred to as an ().A.account payableB.account receivable

13、C.assetD.expense payableUnder which of cost flows is the inventory assumed to be composed of the most recent costs?()A.average costB.last-in, first-outC.first-in, first-outD.weighted averageDeferred revenue is revenue that is().A.earned and the cash has been receivedB.earned but the cash has not bee

14、n receivedC.not earned and the cash has not been receivedD.not earned but the cash has been receivedUnder the cash basis for the accounting period concept, revenues and expenses are reported in the income statement in the period in which cash is received or paid.()A.正確B.錯(cuò)誤The role of accounting is t

15、o provide many different users with financial ination to make economic decisions.()A.正確B.錯(cuò)誤Ordinarily, a corporation owning a significant portion of the voting stock of another corporation accounts for the investment using the equity.()A.正確B.錯(cuò)誤If ending inventory for the year is overstated, owner

16、9;s equity reported on the balance sheet at the end of the year is understated.()A.正確B.錯(cuò)誤The prices of bonds are quoted as a percentage of the bonds' market value.()A.正確B.錯(cuò)誤In preparing bank reconciliation, the amount of outstanding checks is added to the balance per bank statement.()A.正確B.錯(cuò)誤Bon

17、dholders claims on the assets of the corporation rank ahead of stockholders.()A.正確B.錯(cuò)誤Under the periodic inventory system, the cost of merchandise sold is recorded when sales are made.()A.正確B.錯(cuò)誤All property, plant, and equipment assets are depreciated over time.()A.正確B.錯(cuò)誤When using the FIFO inventor

18、y costing method, the most recent costs are assigned to the cost of goods sold.()A.正確B.錯(cuò)誤An account receivable is a claim against a customer arising from a sale on account.()A.正確B.錯(cuò)誤Recognition is the process of incorporating in the balance sheet or income statement an item that meet the definition

19、of an element and satisfies the recognition critera.()A.正確B.錯(cuò)誤The declaration and issuance of a stock pidend does not affect the total amount of a corporation's assets, liabilities, or stockholders' equity.()A.正確B.錯(cuò)誤Primary users of accounting information are accountants.()A.正確B.錯(cuò)誤When a lar

20、ge quantity of merchandise is purchased, a reduction allowed on the sale price is called a trade discount.()A.正確B.錯(cuò)誤Prepaid expenses are an example of an expense.()A.正確B.錯(cuò)誤Bonds are sold at face value when the contract rate is equal to the market rate of interest.()A.正確B.錯(cuò)誤All property, plant, and e

21、quipment assets are depreciated over time.()A.正確B.錯(cuò)誤Any difference between the fair market values of the securities and their cost is a realized gain or loss.()A.正確B.錯(cuò)誤If the debit portion of an adjusting entry is to an asset account, then the credit portion must be to a liability account.()A.正確B.錯(cuò)誤

22、The matching concept supports reporting revenues and related expenses in the same period.()A.正確B.錯(cuò)誤In preparing bank reconciliation, the amount of deposits in transit is deducted from the balance per bank statement.()A.正確B.錯(cuò)誤Temporary investments are reported on the balance sheet at cost.()A.正確B.錯(cuò)誤A

23、ccounting is a service that provides many different users with financial information to make economic decisions.()A.正確B.錯(cuò)誤Treasury Stock is listed in the stockholders' equity section on the balance sheet.()A.正確B.錯(cuò)誤The book value of a fixed asset reported on the balance sheet represents its market value on that date.()A.正確B.錯(cuò)誤A sale of treasury stock may result in a decrease in paid-in-capita