南开大学22春学期《会计专业英语》在线作业答卷.docx

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1、22春学期(高起本1709-1803,全层次1809-2103)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)f title to merchandise purchases passes to the buyer when the goods are shipped from the seller, the terms areA. n/30B.FOB shipping pointC.FOB destinationD.consigned答案:BWhen the corporation issuing the bonds has the rig

2、ht to repurchase the bonds prior to the maturity date for a specific price, the bonds areA.convertible bondsB.unsecured bondsC.debenture bondsD.callable bonds答案:DThe liability for a dividend is recorded on which of the following dates?A.the date of recordthe date of paymentB. the date of announcemen

3、tD.the date of declaration答案:DNotes may be issued ()A. when assets are purchasedto creditor，s to temporarily satisfy an account payable created earlierC.when borrowing moneyD.all of the above答案:DThe matching concept ()A.addresses the relationship between the journal and the balance sheetB. determine

4、s whether the normal balance of an account is a debit or creditC.requires that the dollar amount of debits equal the dollar amount of credits on a trial balanceD.determines that expenses related to revenue be reported at the sametime the revenue is reported 答案:D 6.Merchandise inventory at the end of

5、 the year was understated. Which of the following statements correctly states the effect of the error? A.net income is understatedB.net income is overstatedC.cost of merchandise sold is understatedD. merchandise inventory reported on the balance sheet is overstated 答案:AB. Cash equivalents ()A.are il

6、legal in some companyC. will beconvertedtocashwithintwo yearswill beconvertedtocashwithin90 daysD. will beconvertedtocashwithin120 days答案:C8.The interest rate specified in the bond indenture is called the ()A.discount rate8. contract rateC. market rateD.effective rate答案:B9. The term inventory indica

7、tes ()merchandise held for sale in the normal course of businessA. materials in the process of production or held for productionC.suppliesD.both A and B答案:D10. The amount of the outstanding checks is included on the bank reconciliation as a(n) ()A.deduction from the balance per depositor，s recordsB.

8、addition to the balance per bank statementC.deduction from the balance per bank statementD.addition to the balance per depositor，s records答案:C 11.The journal entry a company uses to record the estimated accrued product warranty liability is ()A.debit Product Warranty Expense; credit Product Warranty

9、 PayableB.debit Product Warranty Payable; credit CashD.debit Product 答案:A12.Revenues are A.a contract is B.a contract isC. workD. work答案:Dis begunreported when signed signed on the jobis completed on the jobC.debit Product Warranty Expense; credit CashWarranty Payable; credit Product Warranty Expens

10、e13. Thetwo methods of accounting for investments in stock are the cost method and the ()A.straight-line methodB.equity methodC.liability methodD. interest method答案:Bthe () A.period B.future C.period D.future 答案:Cthe cash is period when of the sale period when14 .The cost of a product warranty shoul

11、d be included as an expense in collected for a product sold on account the cost of repairing the product is paid of the productthe product is repaired or replaced15 . Low Company owns 40% of the voting stock of High Corporation and uses the equity method in recording this investment. High Corporatio

12、n reported a $10,000 net loss. Low Corporation，s entry would include a () A.Debit to the investment account for $10,000B.Debit to the investment account for $4,000C.Credit to the investment account for $4,000D.Debit to a loss account for $4,000答案:C16.All of the following occur with a double-entry ac

13、counting system except:A. The accounting equation remains in balance.B. Each business transaction will have only two entries.C.Every transaction affects at least two accountsD. The sum of all debits is always equal to the sum of all credits in each journal entry.答案:B17.Current liabilities are ()A.du

14、e, but not receivable for more than one yearB.due, but not payable for more than one yearC.due and receivable within one yearD.due and payable within one year答案：D18.Current liabilities are()A.due, but not receivable for more than one yearB.due, but not payable for more than one yearC.due and receiva

15、ble within one yearD.due and payable within one year答案:D. The amount of the outstanding checks is included on the bank reconciliation as a(n)()A.deduction from the balance per depositors recordsB.addition to the balance per bank statementC.deduction from the balance per bank statementD.addition to t

16、he balance per depositor，s records答案:C. The interest rate specified in the bond indenture is called the () A.discount rateB. contract ratemarket rateD.effective rate答案:B二、判断题(共30道试题，共60分). If ending inventory for the year is understated, net income for the year is overstated.答案:错误.During inflationar

17、y periods, the use of the LIFO method of costing inventory will result in a greater amount of net income than would result from the use of the FIFO method.答案:错误.Bonds are sold at face value when the contract rate is equal to the market rate of interest.答案:正确.Horizontal analysis is used to compare th

18、e financial statements of the same company for different periods.答案:正确. All property, plant, and equipment assets are depreciated over time. 答案:错误19 . A business using the perpetual inventory system, with its detailed subsidiary records, does not need to take a physical inventory.答案:错误.Revenue is ea

19、rned only when money is received.答案:错误.The declining-balance method is an accelerated depreciation method. 答案:正确20 .Every adjusting entry will affect at least one income statement account and one balance sheet account.答案:正确. Investments in stocks that are expected to be held for the long term are li

20、sted in the stockholder，s equity section of the balance sheet. 答案:错误21 .Dividends in arrears are liabilities of the corporation. 答案:错误.Under the perpetual inventory system, when a sale is made, both the sale and cost of merchandise sold are recorded.答案:正确.Accounting is a service that provides many d

21、ifferent users with financial information to make economic decisions.答案:正确.The prices of bonds are quoted as a percentage of the bonds， market value.答案:错误.During deflationary periods, the use of the LIFO method of costing inventory will result in a lower amount of current assets than would result fr

22、om the use of the FIFO method.答案:错误. Managerial accounting is primarily concerned with the recording and reporting of economic data and activities of an entity for use by owners, creditors, governmental agencies, and the public.答案:错误.Accounting Process is identifying, measuring, recording, and commu

23、nicating economic information to permit informed judgments and decisions by users of information.答案:正确.Revenue accounts are increased by credits.答案:正确.The book value of a fixed asset reported on the balance sheet represents its market value on that date.答案:错误.The prices of bonds are quoted as a perc

24、entage of the bonds， market value.答案:错误.The relationship of each asset item as a percent of total assets is an example of vertical analysis.答案:正确. When a stock dividend is declared, it becomes a liability 答案:错误22 . Cash equivalents are short -term investments that will be converted to cash within 12

25、0 days.答案:错误.The difference between Accounts Receivable and its contra asset account is called net realizable value.答案:正确. If the liabilities owed by a business total $500, 000, then the assets also total $500,000.答案:错误. Available-for-sale securities are securities that management expects to sell in

26、 the future, but are not actively traded for profit.答案:正确. Amortization is the allocation process of writing off bond premiums and discounts to interest expense over the life of the bond issue.答案:正确.Consuming goods and services in the process of generating revenues results in expenses.答案:正确. Investm

27、ents in stocks that are expected to be held for the long term are listed in the stockholders equity section of the balance sheet. 答案:错误23 . Managerial accounting is primarily concerned with the recording and reporting of economic data and activities of an entity for use by owners, creditors, governmental agencies, and the public.答案:错误