21春学期（1709、1803、1809、1903、1909、2003、2009、2103）《会计专业英语》在线作业
试卷总分:100 得分:100
一、单选题 (共 20 道试题,共 40 分)
1.A capital expenditure results in a debit to ( )
A.an expense account
B.a capital account
C.a liability account
D.an asset account
2.Which of the following is not included in the computation of the quick ratio?
A.inventory
B.marketable securities
C.accounts receivable
D.cash
3.The most widely used depreciation method is
A.straight-line
B.sum-of-the-years-digits
C.declining-balance
D.units-of-production
4.Which of the following entries records the acquisition of office supplies on account?
A.Office Supplies, debit; Cash, credit
B.Cash, debit; Office Supplies, credit
C.Office Supplies, debit; Accounts Payable, credit
D.Accounts Receivable, debit; Office Supplies, credit
5.Deferred revenue is revenue that is
A.earned and the cash has been received
B.earned but the cash has not been received
C.not earned and the cash has not been received
D.not earned but the cash has been received
6.Notes may be issued （ ）
A.when assets are purchased
B.to creditor’s to temporarily satisfy an account payable created earlier
C.when borrowing money
D.all of the above
7.Cash equivalents（ ）
A.are illegal in some company
B.will be converted to cash within two years
C.will be converted to cash within 90 days
D.will be converted to cash within 120 days
8.Stockholders’ equity ( )
A.is usually equal to cash on hand
B.includes paid-in capital and liabilities
C.includes retained earnings and paid-in capital
D.is shown on the income statement
9.One of the main disadvantages of the corporate form is the( )
A.professional management
B.double taxation of dividends
C.charter
D.corporation must issue stock
10.Characteristics of a corporation include ( )
A.shareholders who are mutual agents
B.direct management by the shareholders (owners)
C.its inability to own property
D.shareholders who have limited liability
11.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)
A.income statement
B.income statement
C.prior period statement
D.statement of owner’s equity
12.The amount of the outstanding checks is included on the bank reconciliation as a(n) ( )
A.deduction from the balance per depositor’s records
B.addition to the balance per bank statement
C.deduction from the balance per bank statement
D.addition to the balance per depositor’s records
13.Cash investments made by the owner to the business are reported on the statement of cash flows in the
A.financing activities section
B.investing activities section
C.operating activities section
D.supplemental statement
14.The method of accounting for investments in equity securities in which the investor records its share of periodic net income of the investee is the ( )
A.cost method
B.market method
C.income method
D.equity method
15.The two methods of accounting for investments in stock are the cost method and the ( )
A.straight-line method
B.equity method
C.liability method奥鹏作业答案请进open5.net或请联系QQ/微信：18866732
D.interest method
16.The matching concept( )
A.addresses the relationship between the journal and the balance sheet
B.determines whether the normal balance of an account is a debit or credit
C.requires that the dollar amount of debits equal the dollar amount of credits on a trial balance
D.determines that expenses related to revenue be reported at the same time the revenue is reported
17.On the balance sheet, the amount shown for the Allowance for Doubtful Accounts is equal to the （ ）
A.Uncollectible accounts expense for the year
B.total of the accounts receivables written-off during the year
C.total estimated uncollectible accounts as of the end of the year
D.sum of all accounts that are past due.
18.The most widely used depreciation method is
A.straight-line
B.sum-of-the-years-digits
C.declining-balance
D.units-of-production
19.Which of the following groups are considered to be internal users of accounting information?
A.Employees and customers
B.Customers and vendors
C.Employees and managers
D.Government and banks
20.A business paid $7,000 to a creditor in payment of an amount owed. The effect of the transaction on the accounting equation was to
A.increase one asset, decrease another asset
B.decrease an asset, decrease a liability
C.increase an asset, increase a liability
D.increase an asset, increase owner’s equity
二、判断题 (共 30 道试题,共 60 分)
21.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.
22.Under the accrual basis for the accounting period concept, revenues are reported in the income statement in the period in which they are earned.
23.A sale of treasury stock may result in a decrease in paid-in-capital. All decreases should be charged to the Paid-In-Capital from Sale of Treasury account.
24.Available-for-sale securities are securities that management expects to sell in the future, but are not actively traded for profit.
25.If a firm has a quick ratio of 1, the subsequent payment of an account payable will cause the ratio to increase.
26.The main reason that the bank statement cash balance and the depositor’s cash balance do not initially balance is due to timing differences.
27.During deflationary periods, the use of the LIFO method of costing inventory will result in a lower amount of current assets than would result from the use of the FIFO method.
28.During the closing process, some balance sheet accounts are closed and end the period with a zero balance.
29.When old equipment is traded in for a new equipment, the difference between the list price and the trade in allowance is called boot.
30.The maturity value of a note receivable is always the same as its face value.
31.The accounting equation can be expressed as Assets – Liabilities = Owner’s Equity.
32.Temporary investments are reported on the balance sheet at cost.
33.The declaration and issuance of a stock dividend does not affect the total amount of a corporation’s assets, liabilities, or stockholders’ equity.
34.A large retained earnings account means that there is cash available to pay dividends.
35.The normal balance of the accumulated depreciation account is debit.
36.The adjusted trial balance verifies that total debits equals total credits before the adjusting entries are prepared.
37.Under the periodic inventory system, the cost of merchandise sold is recorded when sales are made.
38.The cost of new equipment is called a revenue expenditure because it will help generate revenues in the future.
39.Every adjusting entry will affect at least one income statement account and one balance sheet account.
40.Solvency analysis focuses on the ability of a business to pay its current and noncurrent liabilities.
41.Solvency analysis focuses on the ability of a business to pay its current and noncurrent liabilities.
42.Under 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.
43.All property, plant, and equipment assets are depreciated over time.
44.Amortization is the allocation process of writing off bond premiums and discounts to interest expense over the life of the bond issue.
45.Consuming goods and services in the process of generating revenues results in expenses.
46.The effect of a sales return and allowance is a reduction in sales revenue and a decrease in cash or accounts receivable.
47.Ordinarily, a corporation owning a significant portion of the voting stock of another corporation accounts for the investment using the equity method.
48.An account receivable is typically classified as a revenue.
49.A business using the perpetual inventory system, with its detailed subsidiary records, does not need to take a physical inventory.
50.The amortization of a premium on bonds payable decreases bond interest expense.
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