南开大学22秋学期（高起本1709-1803、全层次1809-2103）《会计专业英语》在线作业二

奥鹏南开在线作业满分答案参考

22秋学期（高起本1709-1803、全层次1809-2103）《会计专业英语》在线作业-00002

1.Sinking Fund Cash would be classified on the balance sheet as （ ）
选项A：a current asset
选项B：a fixed asset
选项C：an intangible asset
选项D：an investment
满分答案问询微信：424329

2.Debts owed by a business are referred to as（ ）
选项A：accounts receivables
选项B：equities
选项C：owner’s equity
选项D：liabilities
满分答案问询微信：424329

3.On the balance sheet, the amount shown for the Allowance for Doubtful Accounts is equal to the ( )
选项A：Uncollectible accounts expense for the year
选项B：total of the accounts receivables written-off during the year
选项C：total estimated uncollectible accounts as of the end of the year
选项D：sum of all accounts that are past due.
满分答案问询微信：424329

4.Which of the following measures a company’s ability to pay its current liabilities?
选项A：earnings per share
选项B：inventory turnover
选项C：current ratio
选项D：number of times interest charges earned
满分答案问询微信：424329

5.What is the type of account and normal balance of Allowance for Doubtful Accounts?
选项A：Contra asset, credit
选项B：Asset, debit
选项C：Asset, credit
选项D：Contra asset, debit
满分答案问询微信：424329

6.What is the term applied to the excess of net revenue from sales over the cost of merchandise sold?
选项A：gross profit
选项B：income from operations
选项C：net income
选项D：gross sales
满分答案问询微信：424329

7.All of the following occur with a double-entry accounting system except:
选项A：The accounting equation remains in balance.
选项B：Each business transaction will have only two entries.
选项C：Every transaction affects at least two accounts
选项D：The sum of all debits is always equal to the sum of all credits in each journal entry.
满分答案问询微信：424329

8.Austin, Inc. made a Prepaid Rent payment of $3,500 on January 1st. The company’s monthly rent is $700. The amount of Prepaid Rent that would appear on the January 31 balance sheet after adjustment is:
选项A：$2,800
选项B：$700
选项C：$3,500
选项D：$1,750
满分答案问询微信：424329

9.Notes may be issued （ ）
选项A：when assets are purchased
选项B：to creditor's to temporarily satisfy an account payable created earlier
选项C：when borrowing money
选项D：all of the above
满分答案问询微信：424329

10.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 ( )
选项A：solvency and leverage
选项B：solvency and profitability
选项C：solvency and liquidity
选项D：solvency and equity
满分答案问询微信：424329

11.Merchandise inventory at the end of the year is overstated. Which of the following statements correctly states the effect of the error?
选项A：owner's equity is overstated
选项B：cost of merchandise sold is overstated
选项C：gross profit is understated
选项D：net income is understated
满分答案问询微信：424329

12.On the balance sheet, the amount shown for the Allowance for Doubtful Accounts is equal to the （ ）
选项A：Uncollectible accounts expense for the year
选项B：total of the accounts receivables written-off during the year
选项C：total estimated uncollectible accounts as of the end of the year
选项D：sum of all accounts that are past due.
满分答案问询微信：424329

13.How does paying a liability in cash affect the accounting equation?
选项A：assets increase; liabilities decrease
选项B：assets increase; liabilities increase
选项C：assets decrease; liabilities decrease
选项D：liabilities decrease; owner's equity increases
满分答案问询微信：424329

14.How is treasury stock shown on the balance sheet?
选项A：as an asset
选项B：as a decrease in stockholders' equity
选项C：as an increase in stockholders' equity
选项D：treasury stock is not shown on the balance sheet
满分答案问询微信：424329

15.The amount of the outstanding checks is included on the bank reconciliation as a(n) ( )
选项A：deduction from the balance per depositor's records
选项B：addition to the balance per bank statement
选项C：deduction from the balance per bank statement
选项D：addition to the balance per depositor's records
满分答案问询微信：424329

16.Cash investments made by the owner to the business are reported on the statement of cash flows in the
选项A：financing activities section
选项B：investing activities section
选项C：operating activities section
选项D：supplemental statement
满分答案问询微信：424329

17.All of the following below are needed for the calculation of depreciation except( )
选项A：cost
选项B：residual value
选项C：estimated life
选项D：book value
满分答案问询微信：424329

18.The two most common specialized fields of accounting in practice are( )
选项A：forensic accounting and financial accounting
选项B：managerial accounting and financial accounting
选项C：managerial accounting and environmental accounting
选项D：financial accounting and tax accounting systems
满分答案问询微信：424329

19.Which of the following entries records the acquisition of office supplies on account?
选项A：Office Supplies, debit; Cash, credit
选项B：Cash, debit; Office Supplies, credit
选项C：Office Supplies, debit; Accounts Payable, credit
选项D：Accounts Receivable, debit; Office Supplies, credit
满分答案问询微信：424329

20.Revenue should be recognized when（ ）
选项A：cash is received
选项B：the service is performed
选项C：the customer places an order
选项D：the customer charges an order
满分答案问询微信：424329

21.Bonds are sold at face value when the contract rate is equal to the market rate of interest.
选项A：错误
选项B：正确
满分答案问询微信：424329

22.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.
选项A：错误
选项B：正确
满分答案问询微信：424329

23.The book value of a fixed asset reported on the balance sheet represents its market value on that date.
选项A：错误
选项B：正确
满分答案问询微信：424329

24.Solvency analysis focuses on the ability of a business to pay its current and noncurrent liabilities.
选项A：错误
选项B：正确
满分答案问询微信：424329

25.An income statement is a summary of the revenues and expenses of a business as of a specific date.
选项A：对
选项B：错
满分答案问询微信：424329

26.Merchandising businesses sell products that they purchase from other businesses to customers.
选项A：错误
选项B：正确
满分答案问询微信：424329

27.Sales Discounts is a revenue account with a credit balance.
选项A：错误
选项B：正确
满分答案问询微信：424329

28.The cost of new equipment is called a revenue expenditure because it will help generate revenues in the future.
选项A：错误
选项B：正确
满分答案问询微信：424329

29.Liability accounts are increased by debits.
选项A：对
选项B：错
满分答案问询微信：424329

30.When using the FIFO inventory costing method, the most recent costs are assigned to the cost of goods sold.
选项A：错误
选项B：正确
满分答案问询微信：424329

31.Even when a trial balance is in balance, there may be errors in the individual accounts.
选项A：对
选项B：错
满分答案问询微信：424329

32.The equity method is usually more appropriate for accounting for investments where the purchaser does not have significant influence over the investee.
选项A：对
选项B：错
满分答案问询微信：424329

33.If the debit portion of an adjusting entry is to an asset account, then the credit portion must be to a liability account.
选项A：对
选项B：错
满分答案问询微信：424329

34.The accrual basis of accounting requires revenue be recorded when cash is received from customers.
选项A：错误
选项B：正确
满分答案问询微信：424329

35.Information is material if its omission or misstatement could influence the economic decisions of users.
选项A：错误
选项B：正确
满分答案问询微信：424329

36.The units of production depreciation method matches expenses against revenue the best.
选项A：对
选项B：错
满分答案问询微信：424329

37.Revenue is earned only when money is received.
选项A：错误
选项B：正确
满分答案问询微信：424329

38.The amortization of a premium on bonds payable decreases bond interest expense.
选项A：错误
选项B：正确
满分答案问询微信：424329

39.An example of an external user of accounting information is the government.
选项A：对
选项B：错
满分答案问询微信：424329

40.Adjusting entries are needed to ensure that the revenue recognition and matching principles are followed.
选项A：对
选项B：错
满分答案问询微信：424329

41.The statement of cash flows consists of an operating section, an income section, and an equity section.
选项A：错误
选项B：正确
满分答案问询微信：424329

42.Bondholders are creditors of the issuing corporation.
选项A：对
选项B：错
满分答案问询微信：424329

43.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.
选项A：错误
选项B：正确
满分答案问询微信：424329

44.Solvency analysis focuses on the ability of a business to pay its current and noncurrent liabilities.
选项A：对
选项B：错
满分答案问询微信：424329

45.The accounting equation can be expressed as Assets – Liabilities = Owner's Equity.
选项A：对
选项B：错
满分答案问询微信：424329

46.If the proceeds from the sale of bond investments exceeds the carrying amount of the bonds, a gain is realized.
选项A：对
选项B：错
满分答案问询微信：424329

47.The declaration of a stock dividend decreases a corporation's stockholders' equity and increases its liabilities.
选项A：对
选项B：错
满分答案问询微信：424329

48.The day on which the board of directors of the corporation distributes a dividend is called the declaration date.
选项A：对
选项B：错
满分答案问询微信：424329

49.Bondholders claims on the assets of the corporation rank ahead of stockholders.
选项A：错误
选项B：正确
满分答案问询微信：424329

50.A bal奥鹏南开在线作业满分答案参考ance sheet is a list of the assets, liabilities, and owner's equity of a business for a period of time.
选项A：对
选项B：错
满分答案问询微信：424329