南開大學(xué)22年春學(xué)期《會計專業(yè)英語》在線作業(yè)-00002

1、-本頁為預(yù)覽頁PAGE14-本頁為預(yù)覽頁-本頁為預(yù)覽頁22春學(xué)期（高起本1709-1803、全層次1809-2103）會計專業(yè)英語在線作業(yè)-00002第1題. The journal entry a company uses to record the estimated accrued product warranty liability is ( )選項A：debit Product Warranty Expense; credit Product Warranty Payable選項B：debit Product Warranty Payable; credit Cash選項C：debi

2、t Product Warranty Expense; credit Cash選項D：debit Product Warranty Payable; credit Product Warranty Expense參考答案：A第2題. If the two totals of a trial balance are not equal, it could be due to選項A：an error in determining the account balances, such as a balance being incorrectly computed選項B：recording the s

3、ame transaction more than once選項C：failure to record a transaction選項D：recording the same erroneous amount for both the debit and the credit parts of a transaction參考答案：A第3題. Austin, Inc. made a Prepaid Rent payment of $3,500 on January 1st. The companys monthly rent is $700. The amount of Prepaid Rent

4、 that would appear on the January 31 balance sheet after adjustment is:選項A：$2,800選項B：$700選項C：$3,500選項D：$1,750參考答案：A第4題. 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 （ ）選項A：solvency and leverage選項B：solvency and profitability選項

5、C：solvency and liquidity選項D：solvency and equity參考答案：B第5題. The inventory method that assigns the most recent costs to cost of good sold is選項A：FIFO選項B：LIFO選項C：average選項D：specific identification參考答案：B第6題. Notes may be issued ( )選項A：when assets are purchased選項B：to creditors to temporarily satisfy an acc

6、ount payable created earlier選項C：when borrowing money選項D：all of the above參考答案：D第7題. The following are examples of external users of accounting information except:選項A：government選項B：customers選項C：creditors選項D：all of the above參考答案：D第8題. The term inventory indicates （ ）選項A：merchandise held for sale in the

7、 normal course of business選項B：materials in the process of production or held for production選項C：supplies選項D：both A and B參考答案：D第9題. Current liabilities are（ ）選項A：due, but not receivable for more than one year選項B：due, but not payable for more than one year選項C：due and receivable within one year選項D：due a

8、nd payable within one year參考答案：D第10題. 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選項A：convertible bonds選項B：unsecured bonds選項C：debenture bonds選項D：callable bonds參考答案：D第11題. The business entity concept means

9、that選項A：the owner is part of the business entity選項B：an entity is organized according to state or federal statutes選項C：an entity is organized according to the rules set by the FASB選項D：the entity is an individual economic unit for which data are recorded, analyzed, and reported參考答案：D第12題. The method of

10、 accounting for investments in equity securities in which the investor records its share of periodic net income of the investee is the ( )選項A：cost method選項B：market method選項C：income method選項D：equity method參考答案：D第13題. Expenses are reported on the( )選項A：income statement選項B：statement of owners equity選項C

11、：statement of cash flows選項D：balance sheet參考答案：A第14題. The journal entry a company uses to record the estimated accrued product warranty liability is （ ）選項A：debit Product Warranty Expense; credit Product Warranty Payable選項B：debit Product Warranty Payable; credit Cash選項C：debit Product Warranty Expense;

12、 credit Cash選項D：debit Product Warranty Payable; credit Product Warranty Expense參考答案：A第15題. The debt created by a business when it makes a purchase on account is referred to as an選項A：account payable選項B：account receivable選項C：asset選項D：expense payable參考答案：A第16題. Deferred revenue is revenue that is選項A：ea

13、rned and the cash has been received選項B：earned but the cash has not been received選項C：not earned and the cash has not been received選項D：not earned but the cash has been received參考答案：D第17題. Merchandise inventory at the end of the year is overstated. Which of the following statements correctly states the

14、 effect of the error?選項A：owners equity is overstated選項B：cost of merchandise sold is overstated選項C：gross profit is understated選項D：net income is understated參考答案：A第18題. On the balance sheet, the amount shown for the Allowance for Doubtful Accounts is equal to the （ ）選項A：Uncollectible accounts expense f

15、or the year選項B：total of the accounts receivables written-off during the year選項C：total estimated uncollectible accounts as of the end of the year選項D：sum of all accounts that are past due.參考答案：C第19題. The measurement bases exclude( )選項A：Historical cost選項B：Current cost選項C：Sale price選項D：Present value參考答案

16、：C第20題. Sinking Fund Cash would be classified on the balance sheet as （ ）選項A：a current asset選項B：a fixed asset選項C：an intangible asset選項D：an investment參考答案：D第21題. If the debit portion of an adjusting entry is to an asset account, then the credit portion must be to a liability account.選項A：錯誤選項B：正確參考答案：

17、A第22題. 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.選項A：錯誤選項B：正確參考答案：B第23題. Treasury Stock is listed in the stockholders equity section on the balance sheet.選項A：錯誤選項B：正確參考答案：B第24題. Bonds

18、are sold at face value when the contract rate is equal to the market rate of interest.選項A：對選項B：錯參考答案：A第25題. When old equipment is traded in for a new equipment, the difference between the list price and the trade in allowance is called boot.選項A：錯誤選項B：正確參考答案：B第26題. Sales Discounts is a revenue accoun

19、t with a credit balance.選項A：對選項B：錯參考答案：B第27題. If the bondholder has the right to exchange a bond for shares of common stock, the bond is called a convertible bond.選項A：錯誤選項B：正確參考答案：B第28題. Investments in stocks that are expected to be held for the long term are listed in the stockholders equity sectio

20、n of the balance sheet.選項A：錯誤選項B：正確參考答案：A第29題. During inflationary periods, an advantage of the LIFO inventory cost method is that it matches more recent costs against current revenues.選項A：對選項B：錯參考答案：A第30題. An account receivable is a claim against a customer arising from a sale on account.選項A：錯誤選項B：

21、正確參考答案：B第31題. The difference between Accounts Receivable and its contra asset account is called net realizable value.選項A：對選項B：錯參考答案：A第32題. Adjusting entries are needed to ensure that the revenue recognition and matching principles are followed.選項A：對選項B：錯參考答案：A第33題. Investments in stocks that are exp

22、ected to be held for the long term are listed in the stockholders equity section of the balance sheet.選項A：對選項B：錯參考答案：B第34題. When using the FIFO inventory costing method, the most recent costs are assigned to the cost of goods sold.選項A：錯誤選項B：正確參考答案：A第35題. When using the FIFO inventory costing method,

23、 the most recent costs are assigned to the cost of goods sold.選項A：對選項B：錯參考答案：B第36題. The effect of a sales return and allowance is a reduction in sales revenue and a decrease in cash or accounts receivable.選項A：錯誤選項B：正確參考答案：B第37題. Primary users of accounting information are accountants.選項A：錯誤選項B：正確參考答

24、案：A第38題. An income statement is a summary of the revenues and expenses of a business as of a specific date.選項A：對選項B：錯參考答案：B第39題. The balance of the allowance for doubtful accounts is added to accounts receivable on the balance sheet.選項A：錯誤選項B：正確參考答案：A第40題. Before a stock dividend can be declared or

25、paid, there must be sufficient cash.選項A：對選項B：錯參考答案：B第41題. When a stock dividend is declared, it becomes a liability選項A：對選項B：錯參考答案：B第42題. An account receivable is typically classified as a revenue.選項A：對選項B：錯參考答案：B第43題. The balance of the allowance for doubtful accounts is added to accounts receivable on the balance sheet.選項A：對選項B：錯參考答案：B第44題. The statement of cash flows con