23春学期（高起本：1709-2103、专升本/高起专：1909-2103）《会计专业英语》在线作业-00001
试卷总分:100 得分:100
一、单选题 (共 20 道试题,共 40 分)
1.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
2.Expenses are reported on the( )
A.income statement
B.statement of owner’s equity
C.statement of cash flows
D.balance sheet
3.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
4.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 ( )
A.convertible bonds
B.unsecured bonds
C.debenture bonds
D.callable bonds
5.Debts owed by a business are referred to as( )
A.accounts receivables
B.equities
C.owner’s equity
D.liabilities
6.The income statement is prepared from( )
A.the adjusted trial balance.
B.the income statement columns of the work sheet.
C.either the adjusted trial balance or the income statement columns of the work sheet.
D.both the adjusted trial balance and the income statement columns of the work sheet.
7.The most widely used depreciation method is
A.straight-line
B.sum-of-the-years-digits
C.declining-balance
D.units-of-production
8.When the market rate of interest on bonds is higher than the contract rate, the bonds will sell at ( )
A.a premium
B.their face value
C.their maturity value
D.a discount
9.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
10.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.
11.In the accounting cycle, the last step is( )
A.preparing the financial statements
B.journalizing and posting the adjusting entries
C.preparing a post-closing trial balance
D.journalizing and posting the closing entries
12.If the allowance method of accounting for uncollectible receivables is used, what general ledger account is credited to write off a customer’s account as uncollectible?
A.Uncollectible Accounts Expense
B.Accounts Receivable
C.Allowance for Doubtful Accounts
D.Interest Expense
13.Low Company owns 40% of the voting stock of High Corporation and uses the equity method in recording this investment. High Corporation reported a $10,000 net loss. Low Corporation’s entry would include a ( )
A.Debit to the investment account for $10,000
B.Debit to the investment account for $4,000
C.Credit to the investment account for $4,000
D.Debit to a loss account for $4,000
14.If the two totals of a trial balance are not equal, it could be due to
A.an error in determining the account balances, such as a balance being incorrectly computed
B.recording the same transaction more than once
C.failure to record a transaction
D.recording the same erroneous amount for both the debit and the credit parts of a transaction
15.The cost of a product warranty should be included as an expense in the ( )
A.period the cash is collected for a product sold on account
B.future period when the cost of repairing the product is paid
C.period of the sale of the product
D.future period when the product is repaired or replaced
16.Cash dividends are usually not paid on which of the following?
A.class B common stock
B.preferred stock
C.treasury stock
D.class A common stock
17.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
18.A capital expenditure results in a debit to ( )
A.an expense account
B.a capital account
C.a liability account
D.an asset account
19.If title to merchandise purchases passes to the buyer when the goods are shipped from the seller, the terms are
A.n/30
B.FOB shipping point
C.FOB destination
D.consigned
20.When the perpetual inventory system is used, the inventory sold is debited to ( )
A.supplies expense奥鹏作业答案请进open5.net或请联系QQ/微信：18866732
B.cost of merchandise sold
C.merchandise inventory
D.sales
二、判断题 (共 30 道试题,共 60 分)
21.The main reason that the bank statement cash balance and the depositor’s cash balance do not initially balance is due to timing differences.
22.Merchandising businesses sell products that they purchase from other businesses to customers.
23.If the proceeds from the sale of bond investments exceeds the carrying amount of the bonds, a gain is realized.
24.The increase side of all accounts is the normal balance.
25.Allowance for Doubtful Accounts is a liability account.
26.The difference between Accounts Receivable and its contra asset account is called net realizable value.
27.Temporary investments are reported on the balance sheet at cost.
28.The adjusted trial balance verifies that total debits equals total credits before the adjusting entries are prepared.
29.Dividends in arrears are liabilities of the corporation.
30.Consuming goods and services in the process of generating revenues results in expenses.
31.When a large quantity of merchandise is purchased, a reduction allowed on the sale price is called a trade discount.
32.If the debit portion of an adjusting entry is to an asset account, then the credit portion must be to a liability account.
33.Solvency analysis focuses on the ability of a business to pay its current and noncurrent liabilities.
34.The equity method is usually more appropriate for accounting for investments where the purchaser does not have significant influence over the investee.
35.In preparing bank reconciliation, the amount of outstanding checks is added to the balance per bank statement.
36.Before a stock dividend can be declared or paid, there must be sufficient cash.
37.Cash equivalents are short -term investments that will be converted to cash within 120 days.
38.For a current liability to exist, the following two tests must be met. The liability must be due usually within a year and must be paid out of current assets.
39.The day on which the board of directors of the corporation distributes a dividend is called the declaration date.
40.The difference between Accounts Receivable and its contra asset account is called net realizable value.
41.When using the FIFO inventory costing method, the most recent costs are assigned to the cost of goods sold.
42.Any difference between the fair market values of the securities and their cost is a realized gain or loss.
43.Revenue is earned only when money is received.
44.Liabilities that will be due within one year or less and that are to be paid out of current assets are called current liabilities.
45.The normal balance of the accumulated depreciation account is debit.
46.A corporation is a business that is legally separate and distinct from its owners.
47.In establishing a petty cash fund, a check is written for the amount of the fund and is recorded as a debit to Accounts Payable and a credit to Petty Cash.
48.All property, plant, and equipment assets are depreciated over time.
49.The two main sources of stockholders’ equity are investments contributed by stockholders and net income retained in the business.
50.The accrual basis of accounting requires revenue be recorded when cash is received from customers.
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