(本科）《会计专业英语》期末测试卷A卷.docx

会计专业英语期末测试卷A卷姓名 学号 得分一、单项选择题(共10小题，每题2分，计20分)1. A procedural element of accounting is.A. Planning B. Control C. Bookkeeping D. AuditingA business has assets of $140,000 and liabilities of $60,000. How much is its owner's equity?A. $0 B. $140,000 C. $80,00。 D. $200,000Which of the following statements best describes the purpose of internal control?A. To provide assurance that the entire business operates in accordance with management's plans and policesB. To prevent fraudC. To ensure that expenses and cash outlays are held to a minimumD. To provide adequate subdivision of duties within the organizationTypical liability accounts include?A. Accounts payable, bank loan, wages payable and drawingsB. Accounts payable, bank overdraft, wages payable and stationeryC. Accounts payable, bank overdraft, wages payable and unearned revenueD. Accounts payable, borrowing from the public, bank overdraft, wages payableSales revenue $200,000, beginning inventory $30,000, inventory purchased $100,000 and inventory sold $90,000. It is true that.A. Goods available for sale (GAFS) equals $200,000B. Gross profit equals $110,000C. Ending inventory equals $30,000D. Cost of goods sold (COGS) equals $40,000Which statement regarding the liabilities and owners9 equity section of balance sheet is False?A. Payment of Dividend Payable eliminates both the assets and the owners' equityLiabilities are debts or obligations that must be discharged in money or services in the futureB. Owners' equity is a residual claim to the remaining assets after discharge of debtsBalance sheet of corporations should separate Capital Stock and Retained Earnings6. The operating income/sales ratio is an example of a.A. Turnover or efficiency ratioB. Coverage or liquidity ratioC. Leverage or debt ratioD. None of the aboveA management control system is.A. A possible course of action that might enable an organization to achieve its objectivesA collective term for the hardware and software used to drive a database systemB. A set up that measures and corrects the performance of activities of subordinates in order to make sure that the objectives of an organization are being met and their associated plans are being carried outC. A system that controls and maximizes the profits of an organizationCompany A manufactures and sells only one product, the selling price per unit of products is $20, and the variable cost per unit is $15, the total fixed cost for the year is $80,000. Then the break-even sales for Company A is.A. $400,000B.16,000C.320,000 D. $240,000The total estimate sales for the coming year is 250,000 units. The estimated inventory at the beginning of the year is 22,500 units, and the desired inventory at the end of the year is 30,000 units. The total production indicated in the production budget is.A. 242,500 units B. 280,000 units C. 257,000 units D. 302,500 units二、多项选择题（共5小题，每题4分，计20分）1. Which of the following are fixed costs?A. Telephone billB. Annual salary of the chief accountantThe management accountant's annual membership fee to ACCA （paid by the company）C. Wages of warehousemenFor commercial bank, which two parts does the operating revenue mainly include?A. Asset Revenue B. Rental Revenue C. Service Revenue D. Bond Revenue 3. Which of these are the audit objectives?A. Validity B. Completeness C. Timing D. ValuationWhich of the following statements regarding materiality and misstatements is correct?A. Materiality decisions are made relative to the size of the organization being audited.B. A lower materiality level would increase the extent of audit procedures performed.C. At the planning stage, the auditor should design specific procedures to detect material qualitative misstatements.D. Likely aggregate misstatements include the net effect of uncorrected misstatements in opening equity.4. The audit report should include the following basic contents.A. The titleB. The introductory paragraphC. The scope paragraphD. The opinion paragraph三、判断题（正确写“T”，错误写“F”。共10小题，每题1分，计10分）1. Payment of an account payable will not affect owner's equity.2. The purchase of office supplies on account will increase an asset and decreaseanother asset.3. A basic difference between loss contingencies and "real” liability is: liability are always recorded in the accounting records, whereas loss contingencies never are.4. Capital Stock Subscribe is an owners' equity account.5. An income statement is a summary of the revenues and expenses of a business as of a specific date.6. Temporary investments are reported on the balance sheet at cost.7. A comparison of financial relationships within a company is known as intercompany analysis.8. When the market rate of interest on bonds is higher than the contract rate, the bonds will sell at a premium.9. The performance of service for a customer or client and immediate receipt of cash will increase one asset and decrease another asset.10. The balance sheet is also called the statement of financial position because it describes the financial position of the business at a point in time.四、简答题(共2小题，每题10分，计20分)What is accounting cycle? And write down the steps of accounting cycle briefly.1. What basic conditions must be met before auditors can issue an unqualified auditors9 report?五、翻译题(共2小题，每题5分，计10分)Cost behavior is the way in which a cost changes in relation to changes in activity output. The time horizon is important in determining cost behavior because costs can change from fixed to variable depending on whether the decision takes place over the short run or the long run. Usually we assume that variable costs increase in direct proportion to increases in activity output. Fixed costs are those which do not change in total as activity output changes. Mixed cost has both a variable and a fixed component.1. The basic principles of portfolio selection boil down to a commonsense statement that investors try to increase the expected return on their portfolios and to reduce the standard deviation of that return. A portfolio that gives the highest expected return for a given standard deviation, or the lowest standard deviation for a given expected return, is known as an efficient portfolio.六、计算题(共2小题，每题10分，计20分)For each of the following, journalize the necessary adjusting entry:(1) A business pays weekly salaries of $15,000 on Friday for a five-day week ending on that day. Journalize the necessary adjusting entry at the end of the fiscal period, assuming that the fiscal period ends (a) on Wednesday, (b) on Thursday.(2) The balance in the prepaid insurance account before adjustment at the end of the year is $14,000. Journalize the adjusting entry required under each of the following alternatives: (a) the amount of insurance expired during the year is$4,500, (b) the amount of unexpired insurance applicable to a future period is $1,500.(3) On July 1 of the current year, a business pays $36,000 to the city for license taxes for the coming fiscal year. The same business is also required to pay an annual property tax at the end of the year. The estimated amount of the current year's property tax allocable to July is $3,200. (a) Journalize the two adjusting entries required to bring the accounts affected by the taxes up to date as of July 31. (b) What is the amount of tax expense for July?(4) The estimated depreciation on equipment for the year is $24,000.1. The following data are adapted from a recent annual report of Walton Company (dollar amounts are stated in millions):20152014Balance sheet data:Quick assetsCurrent assetsCurrent liabilities Shareholdersequity Total assets$815.204393.93011.65207.28833.8$627.303550.12303.742347103.7Income Statement data:Net salesGross profit Operating income Net incomeInstructions:24623 21206.96574.11398.3885.657411224.1776.9(1) Compute the following for 2015 and 2014 (round to one decimal place.)Working capitala. Current ratioQuick ratio(2) Comment on the trends in the liquidity measures and state whether Walton appears to be able to satisfy its liabilities at the end of 2015.感谢您的支持与使用如果内容侵权请联系删除仅供教学交流使用