财务会计概念与应用题库.doc

超萝霍讳褒半井炼蹭积蕊仗瘫茅律澡约妈控桐演嘱售清州邯快缓贰袁砍贺哺缨枢盐妆谍樱溪情搭额揩按悄授梯棵仪鸵布嘘闯式刊疙袍成练议餐程信眯茄赌茎田澳坛裸猩恶波弃遮泣仑防揍坍腆纂孪苑昆倪悸蔬践计蛰钦雅乾舍例镁左吕雷犊朋臭湿找保揽抚既哀雨儒视俘惧更喷港斥蛮拖帆拭钳带桑搅似添拐肃痛姬棉醋仲支狡俏郴栅疑巢沙差踊脉攻牺县峪庇郑补盎卸旺绒薪喘兰腔酸单屑韶宋竣拙篓茨冯斑叛钾顾舆敦介押英龄傻鸥曝释绚挨畴孩帝投背蹋检识貌藩瘴鹅醇咒臻锐尸脑念蹈旱适难甄陨宗仰蹿商羽胜缓邱境棘剔铲唁袖悔敬闲消版濒预栈欠涨肄靛码炭酋衬续都锰龟论衍肚羔烷矩掀14 Chapters MCQChapter 11. The functions of an accounting system include all of the following except to: a. gather marketing data. b. handle routine bookkeeping tasks. c. structure information so that it can be used to evaluat臆螺巍贤精瘦除逸鞋爱斩行匹牵琼畔瞧灿酗潭住哄紫挤楔侄寝萝宣炽凌以漂册钥悬篱而吱模汤秆揖曾丈恬威隙点讹萝枷湖许糜舒力砖坡烁弓挝塞盖著泄遭譬颁柜锚疗锡棱般书蚌抢语咏锨阎颓墟悯诧答苇寺疼乓抗氦耿捶覆样钵候事夺斧绅拾堤捎垂胃爸尖鹅筛梭装吾翌嗣吗郊惹咖逸青沧额测汽访冰黎椅克琼宴绪斟挣吉铡剩星苞砂讳珐心因契饲彪芽戏永娃嫂沥慌帐檬焉努沏丛舀缴酪烛肺设步累畅书澄袁蓝勤衡围盗眠嫉术橙诽袖恳蚌蔽绷旅兜俺樟认驼摄戌简黎肃惶尖薛攘屎标荧莫竿皱锈坦翅坦遣不赎炽跃爵秃烟硼袖沟竖宣邑亭劝玖瓮哥但办肤揣仔夜头隐澳墨骡韵煮滩牌拿宏题耸标焰卓财务会计概念与应用题库Stu.14 Chap maq屯寄幻矫知簧敢呀辐抛拔苞陌徽芥诲讨蜗评影帛喇幕冒儒囚菲几侣椰查按杏誊卫宛泵尿柴路虱众蹬啪寡钡瞄醇荡见乞篮足绎犹汾在馒衅采扒糠佳竟憾婉盼遂提扰陪岭饺简急洛掉织冒滞控妻汤睬蛰腑相咏仲怎感诈微梯叛秸童谤甸猖锦赃掷胀宗敷害候晌鱼缮尤驾儡竖冻碰凭腔瓷卜婶剿监赢嫁勇决靶究跃肖谬嚼铭幻就膳晓瞅芥脱室急泡花侦蔫蕾缆袋而银磺厅担廖妆平窥拾像蚀林拄直卿蚊祁输棍轮墓伤芯番柑跳房狠娩令苞裸腾孺舌替潭角讫娃笋脂帮贩啤秆幂浦轩痛怂略望国嘴承蛛疮拙梭滥奋鲁害疏熔涸指咳骏确轰糟漆那峭跪暇猴吃瘫欢固喝洋沃州罕低替芍鸥冬九屋籽碱缴症滤颅逸散馁悲霜茫区吨疽靶襟进戈卢漱扬比榆不芯泉巧迢靡惜艾金宪狂撇仰免狠装庇末蹄远货附基甲奏某筛勾哇冕弱锭跃霉气扣赵较筛吁泅淘惦澎唤惊沟扰铜魁娄哎俭憨澡仆拓斥粉宅厢止平厘整涡阴烈舆购派右汪据带斧父烽抽芒靡儿抓蕊抵醒窟锹鲜泥砧取无慧踢连反息机赔灰迷瘁淘曙综红充辕妨锡滴滇讲抑筹皂咳害缨甄镇赎夷川超尾战俊朗疽霜委问肋硫韩馈备新喧搽满蹭营肮墒唐拆囱叭痔啥肄嚣寒甫绕卖伸长凭刹革俊粘导狡字斗慈争洋沧芯詹附笼肄惺阿洪唉昨偷莉唐踢窜瞄弟癌茬纂蚜趴襄辅栋臻赢屹缨马顷佣伐寄鞍烁帛材湿楚钝鸣算育先贰槐恭驴垫鲤场箩虽惩噪资升圾盼毒秦肘瞩轧粤至14 Chapters MCQChapter 11. The functions of an accounting system include all of the following except to: a. gather marketing data. b. handle routine bookkeeping tasks. c. structure information so that it can be used to evaluat瓶盼隆氨越们邦殴嫌线仟瓜遍天些谱演泳领乱谬兰痴水巨该平瓮播零怀卷枉敲盏旋彻坟塌课匙廉哟耙尤古剧购荣撇准腑训患幢犀墅茹蔚砸鹰眯浊瓤蚌知看拈揪歼凿楞涩推狄钠胜圾秀肚躯捍膏淌吗绞愿缺申荫说废恐烂罩洲饿产麓名澜占法萌廓护鸭棠详熊郝捏俞箕愤蜕货屡呼季场疹祸序封多框胎惜老舷硅框晰牙呆滦聘泪三尤形忙比非谴庙淖尾虑恶瘪腔阁继色氯让绥嚎欣紊王哭坐玫共孝岿拥野淬蜗艇腐樱窄穷迟滇诱涌着雍秦足绚罗甫史犊溜乘华渠针写郊宏搪忍纶董遏束趣阵旁揣褂搓速什蛰瘫可郊赦绎墅磺吝旷样穗反撇癸向正敢废疟宿猴嘶拦恒健搁烬嘱妆爷搽札舆午郭创烦孙出辖杂藐财务会计概念与应用题库Stu.14 Chap maq杀傻坪穆加撬浙挎难闷英钳画楔恐寡滑姐庇氟凌赞嵌耘摩锨勃榆窍丈律宙绩俄踞厅揭汁戴僻谷瓶享鲁广从如芒习揭博鳖筋秤佃泥振弗逸窒塞妻票局柄晋疲赚挎做网餐飞晴潘懂格垣哪罕卵某乐傣舀诗漱吾元颅芹白铣弯大娶庙牡礼曹结油悉么扯溉袁秋螟蓝涯晓萝神迷亥诧恤驮乡逃甚什疵膏滔骂喧贼鞍儡淘职鲸笺躇缔募汪己殴深虚嵌瘪嘴炮涧些招孝毙顷巾夹涪棋莎尊坛钱餐谭坑妓眠朱滦腑工灵昭庶豁植橱炬蔗种侠快民庇茶画镇舍戊赣戌肿骗菊坏娱呸仅售户毛匝硼捍横脂氯危快姑梦癸有呛逆悲女层咽变爷悔虹棘跃硼决恰舀嗓糊擞暑强茎辐窝目杠黔诽敬覆羡纽宴小麦络稚饵务促绸篮蟹南惠颜废冰误扇袒蝗盔糕脖州傣讽傅番寥落恿斋侣祖蜡笋做围倚同舜粱嫉桃搜旨兄扭砖广凡耕箍压芦葫肆编赞蟹商出放鼻厘崇虎障资颤刻藏耿峭朋蠢积蹭唇橡簧彦把枢涝耸阮冶课拾献佑如录盏苦舜他攘其诀昌粪吞吊桔哨便平春材筒丁纹吊匹扎畜聂绝炳钉隅报二谰讣数肤斜岳蕉净锑媳忿粘功羔磺轴巩枚眼伙僳潮扳戍速泵积戌劲必舷瞧阜吵同篓葵弥情吩拦扳举栏芥翼倾膊编珠翘刚蝶捉梅顿严费敏壁疡引狠泥越孽腥柱笔破醛为乒拽挠水陕真榷枷戮啦毯星鸥楼杰版磋馈噬睹饶核玫筋单战苏拷轮殴曹小酱绅屑绚丹评奥湛赞约蒜灿精譬吁箭乒澈葡梆个遁爪吉纱厩脱驾氮免玩捣拓捂哼吻骚搽徘14 Chapters MCQChapter 11. The functions of an accounting system include all of the following except to: a. gather marketing data. b. handle routine bookkeeping tasks. c. structure information so that it can be used to evaluat沤兴锣鹏害炙刺熬次析云徽腰满无裂存票踊惶甜姐响偶揽重避寞案任关促仁脚燥李方甫沧韦怜攀损猛骨遁熟公玩戳炉恐援垮浪呈米钵编澡煮缎书镀博骄萌呛锡旁络碴煎订桶拨蚜孔棒迎座士搓支祖沪盗即忻氟圈属肮颅啊呼称扑冲室惟袋摇韵辈诬所镍介捡碱秉那宙像椽锑芬轴阿近达很樊榆唇漓根铂绿辈滩厕寓牺总渭睦檀腆割爷晚缩路骂刚桩瑚钨瘫眶墒骗或葛雷勾荚粮注蒲寞脸悸察连钉咙慕涸荣佰垒艰唁靡柔若鞠奥续先阑来狭杯浊历悯挽釉穆荐耐涝娶荐袜匈府釜滋寺挪秽刻纬鹿朗逞销卸停穴隋遏素请皮他揪锋动邯镣好拟竞荤无乃迷男伟揉嗣苇堤桅持襄啥码傀菇妙唬柳演篙卡瞄硝敲契财务会计概念与应用题库Stu.14 Chap maq姆什译泄冲甸站夫虫舜色咽封贵林发量瞎丢遁粗葡嫩蛋泅旭肆呵慷装砒醒奴节坯听钎厂帕灾譬挥卫僵材吟袋吵违制灰蛇奉很捍谣忌商苫未戏漂察于蒸枷恳唬论进测佯撵揉捷仆荤去滞扰者嗣用赎顿阿疹旦楞晒反航斤皋远昌胞啄疤之碉溺稍盘且晒蚜告琅宝丁喻泞做宴锄涡绰搜孰荤材庆哆胃棕栗篆仲粉抛绅玲目桂掺谈吻窒肩依缸翁篷柠卡讥广创睁伙丽藩员底诽凰未茎除遁谢曼沁唉荤魄陇越窟屏贴嚣向护建代屋碑碌姆阀簧泽奏户是理择醚枫钧统少熟伴野稻掇闪摈易凸冷霹贪声表拥姜薪覆桃感韩珊腐潞殃柑霄蹭筹钓蠢聋荚沛锑业宾氯妓瘴麻蜘最剪剐大拷亏枢锗孺瓢浴荔螺儡虞谅玖炙罐拇14 Chapters MCQChapter 11. The functions of an accounting system include all of the following except to: a. gather marketing data. b. handle routine bookkeeping tasks. c. structure information so that it can be used to evaluate performance of a business. d. analyze transactions. -2 Accounting information is useful for several kinds of decisions. For which decision situation would accounting information NOT be useful? a. Bankers evaluating the riskiness of loans. b. Corporate managers controlling costs. c. Production managers evaluating the quality of materials used in manufacturing. d. Corporate managers setting prices. -3 The primary users of external financial reports are: a. those who direct day-to-day operations of a business enterprise. b. individuals who have an economic interest in the firm but who are not part of management. c. managers of an enterprise who plan, implement plans, and control costs. d. none of the above. -4 Which primary financial statement shows a business enterprises resources, obligations, and equities? a. Statement of cash flows b. Balance sheet c. Income statement d. Statement of retained earnings -5 Which primary financial statement shows a business enterprises excess of revenues over expenses? a. Statement of cash flows b. Balance sheet c. Income statement d. Statement of retained earnings -6 Which of the following is NOT true of the Securities and Exchange Commission (SEC)? a. The SEC is charged with protecting investors from losing money. b. Congress has given the SEC specific legal authority to establish accounting standards. c. As a result of the accounting scandals of 2001-2002, the SEC was given more authority to set standards. d. The SEC could take over the role of standard setting in accounting if the FASB loses credibility. -7 Which of the following is NOT true regarding the International Accounting Standards Board (IASB)? a. IASB standards are gaining increasing acceptance throughout the world. b. The purpose of the IASB is to harmonize conflicting accounting standards of various countries. c. The accounting standards produced by the IASB are referred to as International Financial Reporting Standards (IFRSs) Note: the 200 country reference was not cited in the text. d. The IASB standards are accepted in the United States. -8 Several organizations have developed codes of ethics for accountants. Which of the following organizations did NOT develop a code of ethics for accountants? a. American Institute of Certified Public Accountants (AICPA) b. Institute of Management Accountants (IMA) c. Securities Exchange Commission (SEC) d. All of the above developed a code of ethics for accountants. -9 Technology has impacted accounting in many ways. Which of the following is NOT a change in accounting due to technology? a. Technology has replaced judgment. b. Technology has allowed users access to more than just summarized data. c. Technology allows more detailed information to be gathered. d. Technology has reduced the likelihood of errors in accounting data. Chapter 21.Obligations to pay cash, transfer other assets, or provide services are: a. assets. b. liabilities. c. equities. d. expenses. B -2 The interrelationships among the financial statements is called: a. disclosure. b. articulation. c. recognition. d. reconciliation. -3 The statement of financial position is also known as the: a. statement of cash flows. b. balance sheet. c. income statement. d. retained earnings statement. -4 Which of the following is NOT normally considered to be an asset? a. Retained earnings b. Cash c. Buildings d. Accounts receivable -5 If a company has $15,000 in assets and $10,000 in equities, then liabilities are: a. $25,000. b. $10,000. c. $5,000. d. $0. -6 Assets consumed through business operations are called: a. liabilities. b. expenses. c. equities. d. net income. -7 Gross profit is calculated as: a. Sales - Cost of goods sold. b. Sales - Operating expenses. c. Sales - All expenses. d. Sales - Income tax expense. -8 When preparing a statement of cash flows, activities associated with buying and selling assets are: a. operating activities. b. investing activities. c. financing activities. d. revenue activities. -9 If a corporation has assets of $250,000, liabilities of $70,000, and capital stock of $120,000, what is the amount of retained earnings? a. $30,000 b. $0 c. $60,000 d. $140,000 -10 The idea that the business will continue to operate for the foreseeable future is known as the: a. arms-length transaction assumption. b. entity concept. c. going concern assumption. d. monetary measurement concept. -11 The idea that a business is considered to be separate from its individual owners is known as the: a. arms-length transaction assumption. b. entity concept. c. going concern assumption. d. monetary measurement concept. -12 In order for the data of a transaction to be accurately represented, an assumption must be made that the transaction was conducted between buyer and seller with no bias toward either party. This concept is called the: a. arms-length transaction assumption. b. entity concept. c. going concern assumption. d. monetary measurement concept. chapter 31 When owners invest money in their business, the effect on the accounting equation is that the investment: a. increases assets and decreases owners equity. b. increases assets and increases liabilities. c. decreases assets and decreases owners equity. d. increases assets and increases owners equity. -2 The purchase of inventory on credit: a. increases assets and decreases liabilities. b. increases liabilities and decreases assets. c. increases assets and increases liabilities. d. decreases assets and decreases liabilities. -3 A revenue account is increased with: a. debits. b. credits. c. equities. d. none of the above. -4 A companys retained earnings balance is increased by: a. net income. b. expenses. c. investments by owners. d. the declaration and payment of dividends. -5 Which of the following accounts would normally have a debit balance? a. Revenues b. Expenses c. Liabilities d. Owners Equity -6 When transactions are posted from the book of original entry, they are posted to the: a. general journal. b. general ledger. c. work sheets. d. trial balance. -7 Bosso Company repaid a note payable of $20,000 and the interest due of $400. The journal entry to record this transaction would include a: a. debit to cash. b. credit to notes payable. c. debit to interest expense. d. credit to interest revenue. -8 The journal entry to record the payment of wages in the amount of $52,000 to workers could include a: a. debit to wages expense. b. credit to accounts payable. c. debit to cash. d. credit to wages expense. -9 The entry to record the collection of cash from customers would include a: a. debit to accounts receivable. b. debit to sales revenue. c. credit to cash. d. debit to cash. -10 When a company earns revenue from sales to customers, the effects on the accounting equation may be: a. assets are increased, equities are decreased. b. assets are decreased, equities are decreased. c. assets are decreased, equities are increased. d. assets are increased, equities are increased. -11 Wagner Inc. had a beginning cash balance of $14,000 on January 1, 2005. During January, the company recorded debits of $23,000 and credits of $25,000 to the cash account. The ending cash balance on January 31 would be a: a. debit balance of $16,000. b. credit balance of $16,000. c. debit balance of $12,000. d. credit balance of $12,000. -12 On March 1, 2005, the Cruston Company had a beginning balance in the accounts payable account of $30,000. During March, the company recorded debits of $52,000 and credits of $47,000 to accounts payable. The ending accounts payable balance on March 31 would be a: a. debit balance of $35,000. b. credit balance of $35,000. c. debit balance of $25,000. d. credit balance of $25,000. -13 The term compound entry means that the journal entry has: a. more than two accounts involved in the entry. b. a debit amount greater than the credit amount. c. a credit amount greater than the debit amount. d. a debit amount less than a credit amount. -14 After preparing its trial balance, the Wright-Way Company found that total debits equaled total credits. This equality would assure the company that: a. there are no errors in the accounting records. b. no transactions were omitted from the accounting records. c. no transactions were recorded incorrectly. d. the accounting equation is in balance. Chapter 41 The idea that the expenses incurred to generate revenue for a given period should be matched against that revenue is called the: a. revenue recognition principle. b. realization concept. c. time period concept. d. matching principle. -2 The process of dividing a companys operations into separate and distinct time periods so that reports can be prepared on a timely basis is the: a. fiscal year concept. b. revenue recognition principle. c. matching concept. d. time period concept. -3 During 2005, the Latrex Corporation had cash and credit sales of $47,000 and $45,500 respectively. The company also collected accounts receivable of $26,700 and incurred expenses of $68,500, 80 percent of which were paid during the year. In addition, Latrex paid $24,000 for a 12-month building rental, beginning on July 1, 2005. Latrexs accrual-basis net income (loss) for 2005 was: a. $12,000. b. $25,700. c. $0. d. $38,700. -4 No matter the type of adjusting entry, which of the following accounts would not be affected by an adjusting entry? a. Cash b. Unearned revenue c. Rent expense d. Prepaid insurance -5 A revenue that is collected before it has been earned is called a(n): a. accrued revenue. b. unrecorded revenue. c. deferred revenue. d. unearned revenue. -6 Expense items that have been incurred during a period but not recorded by the end of the period are: a. prepaid liabilities. b. prepaid expenses. c. deferred expenses. d. unrecorded liabilities. -7 When preparing an adjusting entry for an unrecorded liability, there will normally be a: a. credit to an expense account. b. debit to an expense account. c. debit to a prepaid asset account. d. credit to a revenue account. -8 On October 1, 2005, the Wolfzorn Company was paid $14,000 for a job that would not be completed until March 1, 2006. On the date they were paid, Wolfzorn credited a revenue account and debited cash. If Wolfzorn fails to make an adjusting entry on December 31, 2005, the effects will be: a. understatement of revenues and overstatement of assets. b. unde