2021金融英语考试模拟卷.docx

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1、2021金融英语考试模拟卷本卷共分为1大题50小题，作答时间为180分钟，总分100分，60分及格。一、单项选择题（共50题，每题2分。每题的备选项中，只有一个最符合题意） 1.Retained Earnings is most appropriately classified as _. (a)a fixed asset (b)an intangible asset (c)shareholders equity (d)a fictitious Iiability 2.When fixed assets are bought under a hire purchase agreement, t

2、he Him Purchase Interest Suspense is recorded in _. (a)fixed assets (b)shareholders equity (c)intangible assets (d)liabilities 3.The accounting concept or convention, which, stock be reported at the lower of cost or market price, is the _. (a)going concern concept (b)prudence concept (c)realization

3、concept (d)historical cost concept 4.Revenue Expenditure is the expenditure _. (a)relating to the acquisition of fixed assets (b)relating to the issue of bond (c)relating to converting a partnership into a limited company (d)on wages of staff 5.A company has the following changes in its balance shee

4、t accounts:（）A$500B$90C$566.The RR Corporation had cash flow from operations of $ 20 million. RR purchased $ 5 million in equipment and sold $ 3 million of equipment during the period. Cash flows from financing were $ 2 million. What is RR s free cash flow for the period（）A. $18.B. $22.C. $20.7.All

5、of the following are considered a potentially dilutive securities EXCEPT:（）A. warrants.B. preferred stock.C. stock options.8.An examination of the cash receipts and payments of Xavier Corporation reveals the following:（）A2000B5000C100009.When a reliable estimate of costs exists, ultimate payment is

6、assured, and revenue is earned as costs are incurred. Which of the following revenue recognition methods should be used（）A. Installment sales method.B. Cost recovery method.C. Percentage-of-completion method.10.The following information is from the balance sheet of Silverstone Company: Net Income fo

7、r 5/1/05 to 5/31/05 : $ 8000ABalance 5/01/05BAccountCBalance 5/31/05D$2000EInventoryF$1750G$1200HPrepaid exp.I$1700J$800KAccum.Depr.L$975M$425NAccounts payableO$625P$650QBonds payableR$550 11.Which of the following would NOT be a component of cash flow from investing（）ASale of land.BPurchase of secu

8、rities.CDividends paid.12.Firebird Company reported the following financial information at the end of 2007 (in millions) :AMerchandise inventoryB$240CMinority interestD70ECash and equivalentsF275GAccounts receivableH1150IAccounts payableJ225KProperty & equipmentL2160MAccrued expensesN830OCurrent por

9、tion of long-term debtP120QLong-term debtR1570SRetained earningsT4230 13.Which of the following is NOT a cash flow in the calculation of cash flow from operations（）ADividends received.BDividends paid.CInterest income.14.The Beeline Company has the following balance sheet and income statement.（）A$50B

10、$150C$ 210.15.Assume that the exercise price of an option is $11, and the average market price of the stock is $16. Assuming 1039 options are outstanding during the entire year, what is the number of shares to be added to the denominator of the Diluted EPS（）A. 289.B. 1039.C. 325.16.All of the follow

11、ing are cash flows from operations EXCEPT:（）A. interest payments.B. dividends paid to shareholders.C. dividends received.17.Under U.S. GAAP, land owned by the firm is most likely to be reported on the balance sheet at :（）A. fair market value.B. fair market value minus selling costs.C. historical cos

12、t.18.For the year ended December 31,2007, Challenger Company reported the following financial information :（）A$50000B$100000C$3100019.Which of the following items is NOT found in the financing cash flow part of the statement of cash flows（）A. Dividends paid.B. Change in paid-in capital.C. Change in

13、retained earnings.20.The category of items on the balance sheet that typically offers an analyst the best inlbrmation on a non-financial firm s investing activities is:（）A. current liabilities.B. noncurrent liabilities.C. noncurrent assets.21.Assume that the exercise price of an option is $ 6, and t

14、he average market price of the stock is $10. Assuming 802 options are outstanding during the entire year, what is the number of shares to be added to the denominator of the Diluted EPS（）A. 802.B. 481.C. 321.22.Determine the cash flow from operations given the following table.（）A$35B$30C$2523.Which r

15、evenue recognition method is used when the payment is assured and revenue is earned as costs are incurred（）A. Installment sales method.B. Completed contract method.C. Percentage-of-completion method.24.Securities that improve basic per share earnings, or reduce per share losses, if they are exercise

16、d or converted to common stock are called:（）A. dilutive securities.B. antidilutive securities.C. contingent securities.25.Which of the following activities would appear as a source of funds on the Statement of Cash Flows（）A. Inventory is increased.B. A decrease in accounts payable.C. Depreciation ex

17、pense.26.Peterson Painting Company is a commercial painting contractor. At the beginning of 207, Peterson s net working capital was $ 350000. The following transactions occurred during 207 :APerformed services on creditB$150000CPurchased office equipment for cashD10000ERecognized salaries expenseF54

18、000GPurchased paint supplies on on creditH25000IConsumed paint suppliesJ20000KPaid salariesL50000MCollected accounts receivableN157000ORecognized straight-line depreciation expensesP2000QPaid accounts payableR15000 27.Which of the following does NOT represent a cash fl0w relating to operating activi

19、ty（）ACash received from customers.BInterest paid to bondholders.CDividends paid to stockholders.28.Information related to Bledsoe Corporations inventory, as of December 31,2007, follows:AEstimated selling priceB$3500000CEstimated disposal costsD50000EEstimated completionsF3000000GOriginal FIFO costH

20、3200000IReplacement costJ3300000 29.Which of the following items would NOT be included in cash flow from investing（）ABuying or selling a building.BBuying stock of a different company.CSelling stock of the company.30.JME Construction always uses the percentage of completion method of recognizing reve

21、nue. During 2004 JME signs a contract in the amount of $10 million with the following data available:（）A300000B2200000C880000031.Cash collection is a critical event for income recognition under the: Cost-Recovery Method Installment Method（）A. No Yes B. No No C. Yes YesA. B. C. 32.Depending on certai

22、n circumstance, revenue may be recognized:（）A. when production is complete and as production occurs.B. at the time of sale and when production is complete.C. All of these choices are correct.33.Given the following data what is the ending inventory value using the LIFO method（）A$2650.B$3650.C$3850.34

23、.Interest payments, either as part of a coupon payment or to creditors, are always considered which type of cash flow（）A. Investing.B. Operating.C. Financing.35.Which of the following is most likely to be an effect of budget deficits（）A. an increase in exports. B. a balance of trade surplus. C. fore

24、ign goods become relatively less expensive for U.S. buyers.36.According to the Phillips curve approach, when inflation is less than expected, the most likely initial effect is that:（）A. real wage rates will fall.B. real interest rates will fall.C. unemployment will rise above its natural rate.37.To

25、be useful, a measure of inflation for an economy would most likely reflect information about the change in prices of:（）A. goods only.B. goods and services only.C. goods, services, and financial assets only.38.The crowding-out model suggests that persistent, large government budget deficits are most

26、likely to be associated with a(n):（）A. increase in net exports.B. decrease in private spending.C. decrease in the real rate of interest.39.In a full employment economy the quantity theory of money states that any increase in the supply of money in excess of the rate of growth of real GDP will lead t

27、o:（）A. increased prices.B. increased velocity.C. increased production.40.Which of the following will not cause a change in the demand for money（）A. an increase in the nominal value of transactions.B. inflation.C. a change in the real interest rate.41.Restrictive fiscal policy involves:（）A. higher ta

28、xes and increased government spending.B. higher taxes and reduced government spending.C. lower taxes and increased government spending.42.Total investment is one of the components of a countrys GDP. Which of the following is least likely to be considered a source of funds for investment（）A. National

29、 savings.B. Foreign borrowing.C. Household expenditures.43.The demand for money curve represents the relationship between the quantity of money demanded and:（）A. the quantity of money supplied.B. short-term interest rates.C. the price level.44.Excess reserves of banks are equal to:（）A. required rese

30、rves plus demand deposits.B. required reserves minus actual reserves.C. actual reserves minus required reserves.45.The corporate income tax is an automatic stabilizer because:（）A. corporate profits are strongly counter-cyclical.B. corporate profits are strongly pro-cyclical.C. the corporate profits

31、tax increases tax collections during recessions.46.In a full employment economy, the quantity theory of money states that any increase in the sup ply of money will lead to:（）A. increased prices.B. increased velocity.C. increased production.47.Assume that the reserve requirement is 20 percent and ban

32、ks currently have no excess reserves. If excess reserves stay at zero and the Federal Reserve buys $100 million of Treasury bills from the public, the money supply would increase by:（）A. $20 million.B. $100 million.C. $500 million.48.Which of the following is least likely to appear as an asset on th

33、e U. S. Federal Reserves (Feds) balance sheet（）A. Gold.B. U.S. currency in circulation.C. U.S. Treasury bills.49.If the effects are fully anticipated, what impact is expansionary monetary policy most likely to have on real economic activity（）A. Little or no impact.B. Large expansionary impact.C. Mod

34、erate expansionary impact.50.For an economy operating at full employment, the major long-term impact of increasing the money supply will be:（）A. lower interest rates.B. higher output.C. higher prices.第19页 共19页第 19 页 共 19 页第 19 页 共 19 页第 19 页 共 19 页第 19 页 共 19 页第 19 页 共 19 页第 19 页 共 19 页第 19 页 共 19 页第 19 页 共 19 页第 19 页 共 19 页第 19 页 共 19 页