南开大学22秋学期（高起本1709-1803、全层次1809-2103）《会计专业英语》在线作业三

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-00003

1.Stockholders' equity ( )
选项A：is usually 奥鹏南开在线作业满分答案参考equal to cash on hand
选项B：includes paid-in capital and liabilities
选项C：includes retained earnings and paid-in capital
选项D：is shown on the income statement
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2.The debt created by a business when it makes a purchase on account is referred to as an
选项A：account payable
选项B：account receivable
选项C：asset
选项D：expense payable
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3.Cash equivalents（ ）
选项A：are illegal in some company
选项B：will be converted to cash within two years
选项C：will be converted to cash within 90 days
选项D：will be converted to cash within 120 days
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4.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
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5.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
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6.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
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7.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
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8.Merchandise inventory at the end of the year was understated. Which of the following statements correctly states the effect of the error?
选项A：net income is understated
选项B：net income is overstated
选项C：cost of merchandise sold is understated
选项D：merchandise inventory reported on the balance sheet is overstated
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9.Financial statements in which financial data for two or more companies are combined as a single entity are called
选项A：conventional statements
选项B：consolidated statements
选项C：audited statements
选项D：constitutional statements
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10.The account Unrealized Gain (Loss) on Available-For-Sale Securities should be included in the( )
选项A：Income statement as Other Revenue (Expenses)
选项B：Balance sheet as an adjustment to the asset account
选项C：Balance sheet as an adjustment to Stockholders' Equity
选项D：Statement of Retained Earnings
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11.Expenses are reported on the（ ）
选项A：income statement
选项B：statement of owner's equity
选项C：statement of cash flows
选项D：balance sheet
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12.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
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13.In the accounting cycle, the last step is( )
选项A：preparing the financial statements
选项B：journalizing and posting the adjusting entries
选项C：preparing a post-closing trial balance
选项D：journalizing and posting the closing entries
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14.Which of the following financial statements reports information as of a specific date?
选项A：income statement
选项B：statement of owner's equity
选项C：statement of cash flows
选项D：balance sheet
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15.The characteristics of partnership exclude( )
选项A：more financial resources than a proprietorship
选项B：additional management skills
选项C：limited liability
选项D：unlimited liability
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16.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 ( )
选项A：convertible bonds
选项B：unsecured bonds
选项C：debenture bonds
选项D：callable bonds
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17.Which of the following below generally is the most useful in analyzing companies of different sizes?
选项A：comparative statements
选项B：common-sized financial statements
选项C：price-level accounting
选项D：audit report
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18.Financial reports are used by( )
选项A：management
选项B：creditors
选项C：investors
选项D：all of the above
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19.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)
选项A：income statement
选项B：income statement
选项C：prior period statement
选项D：statement of owner's equity
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20.A characteristic of a fixed asset is that it is ( )
选项A：intangible
选项B：used in the operations of a business
选项C：held for sale in the ordinary course of the business
选项D：none of the above
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21.When a stock dividend is declared, it becomes a liability
选项A：对
选项B：错
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22.The effect of a sales return and allowance is a reduction in sales revenue and a decrease in cash or accounts receivable.
选项A：错误
选项B：正确
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23.The book value of a fixed asset reported on the balance sheet represents its market value on that date.
选项A：对
选项B：错
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24.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
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25.The cost of new equipment is called a revenue expenditure because it will help generate revenues in the future.
选项A：对
选项B：错
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26.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
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27.The balance of the allowance for doubtful accounts is added to accounts receivable on the balance sheet.
选项A：错误
选项B：正确
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28.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
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29.Amortization is the allocation process of writing off bond premiums and discounts to interest expense over the life of the bond issue.
选项A：对
选项B：错
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30.Even when a trial balance is in balance, there may be errors in the individual accounts.
选项A：错误
选项B：正确
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31.The double-entry accounting system records each transaction twice.
选项A：错误
选项B：正确
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32.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：错误
选项B：正确
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33.Every adjusting entry will affect at least one income statement account and one balance sheet account.
选项A：对
选项B：错
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34.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
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35.During inflationary periods, the use of the FIFO method of costing inventory will result in a greater amount of net income than would result from the use of the LIFO cost method.
选项A：对
选项B：错
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36.Liability accounts are increased by debits.
选项A：对
选项B：错
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37.The two main sources of stockholders' equity are investments contributed by stockholders and net income retained in the business.
选项A：对
选项B：错
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38.When the market rate of interest is less than the contract rate for a bond, the bond will sell for a premium.
选项A：错误
选项B：正确
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39.The difference between Accounts Receivable and its contra asset account is called net realizable value.
选项A：对
选项B：错
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40.During inflationary periods, the use of the LIFO method of costing inventory will result in a greater amount of net income than would result from the use of the FIFO method.
选项A：对
选项B：错
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41.The normal balance of the accumulated depreciation account is debit.
选项A：对
选项B：错
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42.A business using the perpetual inventory system, with its detailed subsidiary records, does not need to take a physical inventory.
选项A：错误
选项B：正确
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43.Purchasing supplies on account increases liabilities and decreases equity.
选项A：对
选项B：错
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44.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：对
选项B：错
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45.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.
选项A：错误
选项B：正确
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46.Ordinarily, a corporation owning a significant portion of the voting stock of another corporation accounts for the investment using the equity method.
选项A：错误
选项B：正确
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47.A balance sheet is a list of the assets, liabilities, and owner's equity of a business for a period of time.
选项A：错误
选项B：正确
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48.A balance 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
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49.Available-for-sale securities are securities that management expects to sell in the future, but are not actively traded for profit.
选项A：错误
选项B：正确
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50.Primary users of accounting information are accountants.
选项A：对
选项B：错
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