南開(kāi)大學(xué)22年春學(xué)期《會(huì)計(jì)專業(yè)英語(yǔ)》在線作業(yè)-00002

1、-本頁(yè)為預(yù)覽頁(yè)P(yáng)AGE14-本頁(yè)為預(yù)覽頁(yè)-本頁(yè)為預(yù)覽頁(yè)22春學(xué)期（高起本1709-1803、全層次1809-2103）會(huì)計(jì)專業(yè)英語(yǔ)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(xiàng)A：debit Product Warranty Expense; credit Product Warranty Payable選項(xiàng)B：debit Product Warranty Payable; credit Cash選項(xiàng)C：debi

2、t Product Warranty Expense; credit Cash選項(xiàng)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(xiàng)A：an error in determining the account balances, such as a balance being incorrectly computed選項(xiàng)B：recording the s

3、ame transaction more than once選項(xiàng)C：failure to record a transaction選項(xiàng)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(xiàng)A：$2,800選項(xiàng)B：$700選項(xiàng)C：$3,500選項(xiàng)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(xiàng)A：solvency and leverage選項(xiàng)B：solvency and profitability選項(xiàng)

5、C：solvency and liquidity選項(xiàng)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(xiàng)A：FIFO選項(xiàng)B：LIFO選項(xiàng)C：average選項(xiàng)D：specific identification參考答案：B第6題. Notes may be issued ( )選項(xiàng)A：when assets are purchased選項(xiàng)B：to creditors to temporarily satisfy an acc

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

7、 normal course of business選項(xiàng)B：materials in the process of production or held for production選項(xiàng)C：supplies選項(xiàng)D：both A and B參考答案：D第9題. Current liabilities are（ ）選項(xiàng)A：due, but not receivable for more than one year選項(xiàng)B：due, but not payable for more than one year選項(xiàng)C：due and receivable within one year選項(xiàng)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(xiàng)A：convertible bonds選項(xiàng)B：unsecured bonds選項(xiàng)C：debenture bonds選項(xiàng)D：callable bonds參考答案：D第11題. The business entity concept means

9、that選項(xiàng)A：the owner is part of the business entity選項(xiàng)B：an entity is organized according to state or federal statutes選項(xiàng)C：an entity is organized according to the rules set by the FASB選項(xiàng)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(xiàng)A：cost method選項(xiàng)B：market method選項(xiàng)C：income method選項(xiàng)D：equity method參考答案：D第13題. Expenses are reported on the( )選項(xiàng)A：income statement選項(xiàng)B：statement of owners equity選項(xiàng)C

11、：statement of cash flows選項(xiàng)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(xiàng)A：debit Product Warranty Expense; credit Product Warranty Payable選項(xiàng)B：debit Product Warranty Payable; credit Cash選項(xiàng)C：debit Product Warranty Expense;

12、 credit Cash選項(xiàng)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(xiàng)A：account payable選項(xiàng)B：account receivable選項(xiàng)C：asset選項(xiàng)D：expense payable參考答案：A第16題. Deferred revenue is revenue that is選項(xiàng)A：ea

13、rned and the cash has been received選項(xiàng)B：earned but the cash has not been received選項(xiàng)C：not earned and the cash has not been received選項(xiàng)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(xiàng)A：owners equity is overstated選項(xiàng)B：cost of merchandise sold is overstated選項(xiàng)C：gross profit is understated選項(xiàng)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(xiàng)A：Uncollectible accounts expense f

15、or the year選項(xiàng)B：total of the accounts receivables written-off during the year選項(xiàng)C：total estimated uncollectible accounts as of the end of the year選項(xiàng)D：sum of all accounts that are past due.參考答案：C第19題. The measurement bases exclude( )選項(xiàng)A：Historical cost選項(xiàng)B：Current cost選項(xiàng)C：Sale price選項(xiàng)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(xiàng)A：a current asset選項(xiàng)B：a fixed asset選項(xiàng)C：an intangible asset選項(xiàng)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(xiàng)A：錯(cuò)誤選項(xiàng)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(xiàng)A：錯(cuò)誤選項(xiàng)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(xiàng)A：錯(cuò)誤選項(xiàng)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(xiàng)A：對(duì)選項(xiàng)B：錯(cuò)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(xiàng)A：錯(cuò)誤選項(xiàng)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(xiàng)A：對(duì)選項(xiàng)B：錯(cuò)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(xiàng)A：錯(cuò)誤選項(xiàng)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(xiàng)A：錯(cuò)誤選項(xiàng)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(xiàng)A：對(duì)選項(xiàng)B：錯(cuò)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(xiàng)A：錯(cuò)誤選項(xiàng)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(xiàng)A：對(duì)選項(xiàng)B：錯(cuò)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(xiàng)A：對(duì)選項(xiàng)B：錯(cuò)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(xiàng)A：對(duì)選項(xiàng)B：錯(cuò)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(xiàng)A：錯(cuò)誤選項(xiàng)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(xiàng)A：對(duì)選項(xiàng)B：錯(cuò)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(xiàng)A：錯(cuò)誤選項(xiàng)B：正確參考答案：B第37題. Primary users of accounting information are accountants.選項(xiàng)A：錯(cuò)誤選項(xiàng)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(xiàng)A：對(duì)選項(xiàng)B：錯(cuò)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(xiàng)A：錯(cuò)誤選項(xiàng)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(xiàng)A：對(duì)選項(xiàng)B：錯(cuò)參考答案：B第41題. When a stock dividend is declared, it becomes a liability選項(xiàng)A：對(duì)選項(xiàng)B：錯(cuò)參考答案：B第42題. An account receivable is typically classified as a revenue.選項(xiàng)A：對(duì)選項(xiàng)B：錯(cuò)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(xiàng)A：對(duì)選項(xiàng)B：錯(cuò)參考答案：B第44題. The statement of cash flows con