20秋学期（1709、1803、1809、1903、1909、2003、2009 ）《会计专业英语》在线作业
试卷总分:100 得分:100
第1题,Using accrual accounting, expenses are recorded and reported only（ ）
A、when they are incurred, whether or not cash is paid
B、when they are incurred and paid at the same time
C、if they are paid before they are incurred
D、if they are paid after they are incurred
正确答案:
第2题,Current liabilities are（ ）
A、due, but not receivable for more than one year
B、due, but not payable for more than one year
C、due and receivable within one year
D、due and payable within one year
正确答案:
第3题,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
正确答案:
第4题,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
正确答案: The interest rate specified in the bond indenture is called the ( )
A、discount rate
B、contract rate
C、market rate
D、effective rate
正确答案:
第6题,Profit is the difference between
A、assets and liabilities
B、the incoming cash and outgoing cash
C、he assets purchased with cash contributed by the owner and the cash spent to operate the business
D、the amounts received from customers for goods or services and the amounts paid for
the inputs used to provide the goods or services
正确答案:
第7题,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
正确答案:
第8题,In which section of the balance sheet would Treasury Stock be reported?
A、Fixed assets
B、Long-term liabilities
C、Stockholders' equity
D、Intangible assets
正确答案:
第9题,A bank reconciliation should be prepared periodically because ( )
A、the depositor's records and the bank's records are in agreement
B、the bank has not recorded all of its transactions
C、any differences between the depositor's records and the bank's records should be determined, and any errors made by either party should be discovered and corrected
D、the bank must make sure that its records are correct
正确答案: ,A capital expenditure results in a debit to （ ）
A、an expense account
B、a capital account
C、a liability account
D、an asset account
正确答案:
第11题,When the perpetual inventory system is used, the inventory sold is debited to ( )
A、supplies expense
B、cost of merchandise sold
C、merchandise inventory
D、sales
正确答案: 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
正确答案:
第13题,The interest rate specified in the bond indenture is called the （ ）
A、discount rate
B、contract rate
C、market rate
D、effective rate
正确答案:
第14题,If preferred stock has dividends in arrears, the preferred stock must be ( )
A、participating
B、callable
C、cumulative
D、convertible
正确答案: The characteristics of partnership exclude( )
A、more financial resources than a proprietorship
B、additional management skills
C、limited liability
D、unlimited liability
正确答案:
第16题,The liability for a dividend is recorded on which of the following dates?
A、the date of record
B、the date of payment
C、the date of announcement
D、the date of declaration
正确答案:
第17题,The cost method of accounting for stock( )
A、recognizes dividends as income
B、is only appropriate as part of a consolidation
C、requires the investment be increased by the reported net income of the investee
D、requires the investment be decreased by the reported net income of the investee
正确答案:
第18题,The debt created by a business when it makes a purchase on account is referred to as an
A、account payable
B、account receivable
C、asset
D、expense payable
正确答案:
第19题,Under which method of cost flows is the inventory assumed to be composed of the most recent costs?
A、average cost
B、last-in, first-out
C、first-in, first-out
D、weighted average
正确答案: 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
正确答案:
第21题,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.
T、对
F、错 第22题,The role of accounting is to provide many different users with financial information to make economic decisions.
T、对 第23题,Ordinarily, a corporation owning a significant portion of the voting stock of another corporation accounts for the investment using the equity method.
T、对
F、错
正确答案:
第24题,If ending inventory for the year is overstated, owner's equity reported on the balance sheet at the end of the year is understated.
T、对
F、错
正确答案: ,The prices of bonds are quoted as a percentage of the bonds' market value.
T、对
F、错
正确答案:
第26题,In preparing bank reconciliation, the amount of outstanding checks is added to the balance per bank statement.
T、对
F、错
正确答案:F
第27题,Bondholders claims on the assets of the corporation rank ahead of stockholders.
A、错误
B、正确
正确答案:
第28题,Under the periodic inventory system, the cost of merchandise sold is recorded when sales are made.
T、对
F、错
正确答案:
第29题,All property, plant, and equipment assets are depreciated over time.
T、对
F、错
正确答案:F When using the FIFO inventory costing method, the most recent costs are assigned to the cost of goods sold.
T、对
F、错
正确答案:F
第31题,An account receivable is a claim against a customer arising from a sale on account.
T、对 第32题,Recognition is the process of incorporating in the balance sheet or income statement an item that meet the definition of an element and satisfies the recognition criteria.
A、错误
B、正确
正确答案:
第33题,The declaration and issuance of a stock dividend does not affect the total amount of a corporation's assets, liabilities, or stockholders' equity.
T、对
F、错
正确答案:
第34题,Primary users of accounting information are accountants.
T、对
F、错
正确答案:F
第35题,When a large quantity of merchandise is purchased, a reduction allowed on the sale price is called a trade discount.
T、对
F、错 第36题,Prepaid expenses are an example of an expense.
A、错误
B、正确
正确答案:
第37题,Bonds are sold at face value when the contract rate is equal to the market rate of interest.
T、对
F、错 第38题,All property, plant, and equipment assets are depreciated over time.
A、错误
B、正确
正确答案:F
第39题,Any difference between the fair market values of the securities and their cost is a realized gain or loss.
T、对
F、错
正确答案:F
第40题,If the debit portion of an adjusting entry is to an asset account, then the credit portion must be to a liability account.
T、对
F、错
正确答案:
第41题,The matching concept supports reporting revenues and related expenses in the same period.
T、对
F、错 第42题,In preparing bank reconciliation, the amount of deposits in transit is deducted from the balance per bank statement.
A、错误
B、正确
正确答案:
第43题,Temporary investments are reported on the balance sheet at cost.
A、错误
B、正确
正确答案:
第44题,Accounting is a service that provides many different users with financial information to make economic decisions.
T、对
F、错
正确答案:
试卷总分:100 得分:100
第1题,Using accrual accounting, expenses are recorded and reported only（ ）
A、when they are incurred, whether or not cash is paid
B、when they are incurred and paid at the same time
C、if they are paid before they are incurred
D、if they are paid after they are incurred
正确答案:
第2题,Current liabilities are（ ）
A、due, but not receivable for more than one year
B、due, but not payable for more than one year
C、due and receivable within one year
D、due and payable within one year
正确答案:
第3题,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
正确答案:
第4题,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
正确答案: The interest rate specified in the bond indenture is called the ( )
A、discount rate
B、contract rate
C、market rate
D、effective rate
正确答案:
第6题,Profit is the difference between
A、assets and liabilities
B、the incoming cash and outgoing cash
C、he assets purchased with cash contributed by the owner and the cash spent to operate the business
D、the amounts received from customers for goods or services and the amounts paid for
the inputs used to provide the goods or services
正确答案:
第7题,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
正确答案:
第8题,In which section of the balance sheet would Treasury Stock be reported?
A、Fixed assets
B、Long-term liabilities
C、Stockholders' equity
D、Intangible assets
正确答案:
第9题,A bank reconciliation should be prepared periodically because ( )
A、the depositor's records and the bank's records are in agreement
B、the bank has not recorded all of its transactions
C、any differences between the depositor's records and the bank's records should be determined, and any errors made by either party should be discovered and corrected
D、the bank must make sure that its records are correct
正确答案: ,A capital expenditure results in a debit to （ ）
A、an expense account
B、a capital account
C、a liability account
D、an asset account
正确答案:
第11题,When the perpetual inventory system is used, the inventory sold is debited to ( )
A、supplies expense
B、cost of merchandise sold
C、merchandise inventory
D、sales
正确答案: 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
正确答案:
第13题,The interest rate specified in the bond indenture is called the （ ）
A、discount rate
B、contract rate
C、market rate
D、effective rate
正确答案:
第14题,If preferred stock has dividends in arrears, the preferred stock must be ( )
A、participating
B、callable
C、cumulative
D、convertible
正确答案: The characteristics of partnership exclude( )
A、more financial resources than a proprietorship
B、additional management skills
C、limited liability
D、unlimited liability
正确答案:
第16题,The liability for a dividend is recorded on which of the following dates?
A、the date of record
B、the date of payment
C、the date of announcement
D、the date of declaration
正确答案:
第17题,The cost method of accounting for stock( )
A、recognizes dividends as income
B、is only appropriate as part of a consolidation
C、requires the investment be increased by the reported net income of the investee
D、requires the investment be decreased by the reported net income of the investee
正确答案:
第18题,The debt created by a business when it makes a purchase on account is referred to as an
A、account payable
B、account receivable
C、asset
D、expense payable
正确答案:
第19题,Under which method of cost flows is the inventory assumed to be composed of the most recent costs?
A、average cost
B、last-in, first-out
C、first-in, first-out
D、weighted average
正确答案: 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
正确答案:
第21题,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.
T、对
F、错 第22题,The role of accounting is to provide many different users with financial information to make economic decisions.
T、对 第23题,Ordinarily, a corporation owning a significant portion of the voting stock of another corporation accounts for the investment using the equity method.
T、对
F、错
正确答案:
第24题,If ending inventory for the year is overstated, owner's equity reported on the balance sheet at the end of the year is understated.
T、对
F、错
正确答案: ,The prices of bonds are quoted as a percentage of the bonds' market value.
T、对
F、错
正确答案:
第26题,In preparing bank reconciliation, the amount of outstanding checks is added to the balance per bank statement.
T、对
F、错
正确答案:F
第27题,Bondholders claims on the assets of the corporation rank ahead of stockholders.
A、错误
B、正确
正确答案:
第28题,Under the periodic inventory system, the cost of merchandise sold is recorded when sales are made.
T、对
F、错
正确答案:
第29题,All property, plant, and equipment assets are depreciated over time.
T、对
F、错
正确答案:F When using the FIFO inventory costing method, the most recent costs are assigned to the cost of goods sold.
T、对
F、错
正确答案:F
第31题,An account receivable is a claim against a customer arising from a sale on account.
T、对 第32题,Recognition is the process of incorporating in the balance sheet or income statement an item that meet the definition of an element and satisfies the recognition criteria.
A、错误
B、正确
正确答案:
第33题,The declaration and issuance of a stock dividend does not affect the total amount of a corporation's assets, liabilities, or stockholders' equity.
T、对
F、错
正确答案:
第34题,Primary users of accounting information are accountants.
T、对
F、错
正确答案:F
第35题,When a large quantity of merchandise is purchased, a reduction allowed on the sale price is called a trade discount.
T、对
F、错 第36题,Prepaid expenses are an example of an expense.
A、错误
B、正确
正确答案:
第37题,Bonds are sold at face value when the contract rate is equal to the market rate of interest.
T、对
F、错 第38题,All property, plant, and equipment assets are depreciated over time.
A、错误
B、正确
正确答案:F
第39题,Any difference between the fair market values of the securities and their cost is a realized gain or loss.
T、对
F、错
正确答案:F
第40题,If the debit portion of an adjusting entry is to an asset account, then the credit portion must be to a liability account.
T、对
F、错
正确答案:
第41题,The matching concept supports reporting revenues and related expenses in the same period.
T、对
F、错 第42题,In preparing bank reconciliation, the amount of deposits in transit is deducted from the balance per bank statement.
A、错误
B、正确
正确答案:
第43题,Temporary investments are reported on the balance sheet at cost.
A、错误
B、正确
正确答案:
第44题,Accounting is a service that provides many different users with financial information to make economic decisions.
T、对
F、错
正确答案:
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