会计专业英语选择判断.doc

一 会计与环境1、True-false：1）Accounting is another word for bookkeeping. （）2）Accounting provides financial information that is only useful to a business management. （）3）Management accounting must follow GAAP in all respects. （）2、Matching:（1）Management accounting （2） CPA（3）Financial accounting （4）Public accountinga. An expert accountant licensed by the state. （2）b. The branch of accounting that deals with auditing, tax planning and management consultancy. （4）c. The branch of accounting concerned with providing external users with financial information needed to make decisions. （3）d. The branch of accounting concerned with providing managers with financial information needed to make decisions. （1）二 会计概念与原则1、which of the following forms of organization is not treated as a separate economic unit in accounting?（C）A. sole proprietorship独资 B. partnership合伙C. committee委员会D.corporation公司2、which of the following concepts belongs to accounting assumption which of the following concepts belongs to accounting assumption?（D）A. conservatism谨慎性B. consistency一致性C. materiality重要性 D. money measurement货币计量3、Accounting methods shall not be arbitrarily changed from one period to the other is called （B）A. conservatism谨慎性B. consistency一致性C. materiality重要性D. objectivity客观性True-false：1. The accounting reporting period agrees to the calendar year. （对）2. Without the consistency principle, the comparisons which might be made and conclusions could mislead. （对）3. The word “materiality” refers to the relative importance of an item. （对）4. Whenever possible, accounting entries must be based on objectively determined evidence. （对）5. Under the accrual principle, revenues are recognized in the period in which they are earned when goods are sold or services are rendered, rather than when cash is received; expenses are recorded in the period in which cash is paid. （错）6. In some cases the assumption of continuity is invalid. （对）三 财务报表True-False ：1、The net income for a period in the income statement will increase the balance of owners equity.（T）2、Failure to include a merchandise in ending inventory results in an overstated net income. （F）Matching:1.Cost of goods sold 2. Income statement 3. Owners equity 4. Operating expensesa. The balance sheet section that represents the owners economic interest in a company.(3)b. What a merchandising company paid for the goods that it sold during the period (1)c. The statement that shows a companys profit or loss over a certain period of time.(2)d. All expenses except for cost of goods sold.(4)Identify the following as selling expenses or general and administrative expenses:1) Sales salaries(s)2) Office salaries (a)3) Depreciation for delivery equipment(g)4) Depreciation for office equipment(a)5) Advertising expense(s)1、During 2004, Bustamante received $ 600,000 for service revenue. Bustamante has not received $ 30,000 for services already performed in 2004. Bustamante also invested $ 20,000 into the business. Bustamante should report service revenue for 2004 of ( D ) a. $ 550,000 b. $ 570,000 c. $ 580,000 d. $ 630,000Choices:1.The preparation of the statement of cash flows must use the information come from ( d )a. Comparative balance sheet b.Current income c.statementSome account d.All of the above3. In the followings, the accurate version is ( d )a. The statement of cash flows is useful to investors.b. The statement of cash flows is useful to creditorsc. The statement of cash flows is useful to managementd. The statement of cash flows is useful to management and external users4. Among the following items, which is added to net income for calculation of cash flows from operating activities in the indirect method. （a）a. Decrease of inventoryb. Increase of prepaid expensesc. Decrease of accounts payabled. Increase of accounts receivableTrue-False ：Payment on an account payable is considered a financing activity. （F）四 会计循环1、After all closing entries have been posted, the balance of the Income Summary account will be（D）A、a debit if a net income B、a debit if a net loss C、a credit if a net loss D、zero2、Which of the following sequence of actions describes the proper sequence in the accounting cycle?（C）A. Posting, entering, analyzing, preparing, closing and adjustingB. Analyzing, entering, posting, adjusting, preparing and closingC. Preparing, entering, posting, adjusting, analyzing and closingD. Entering, analyzing, posting, adjusting, preparing and closing3. The dividing line between current liabilities and long-term liabilities is （A） A. one year B. two years C. three years D. five years4. The purchase of office supplies on account will （B） Aincrease an asset and increase owners equityBincrease one asset and decrease another asset Cincrease an asset and increase a liabilityDincrease an asset and decrease a liability5. He owes $50 to her. She is his （A） ACreditor 债权人 Bdebtor债务人 CProprietor业主 D. accountant会计6. A business has assets of $140 000and liabilities of $60 000. How much is its owners equity?（A）A$80 000 B$20 000 C$140 000 D$07. A transaction caused a $10 000 decrease in both total assets and liabilities. This transaction could have been（C）A. purchase of a delivery truck for $10 000 cashBan asset with a cost of $10 000 was destroyed by fireCrepayment of a $10 000 bank loanDcollection of a $10 000 account receivableTrue-False:1、A journal entry must be supported by source documents.（T）2、Accrual accounting is done by recognizing revenues when earned and expenses when incurred.（T）Matching:1. Assets 2. Balance sheet 3. Owners equity 4. LiabilityA. The balance sheet section that represents the owners economic interest in a company.3B. An economic resource of a business. 1C. A debt of a business. 4D. The statement that shows the financial position of a company on a certain date.2journal日记帐 general journal普通日记帐 account ledger posting debit1. An amount entered on the left-hand side of account. d2. A chronological record of transactions, showing for each transaction the debits and credits to be entered in specific ledger accounts. j 3. A record used to summarize all increases and decreases in a particular asset, such as cash, or any other type of asset, liability, owners equity, revenue, or expense. g 4. A journal that only has two money columns, one for debits and the other for credits. a5. The process of transferring information from the journal to individual accounts in the ledger. p6. A loose-leaf book, file, or other record containing all the separate accounts of a business. l 分类账采用活页普通日记账:用来登记各单位全部经济业务的日记账。在账簿中，按照每日发生的经济业务的先后顺序，逐项编制会计分录，因而这种日记账也称为分录日记账。日记账：亦称序时账，是按经济业务发生时间的先后顺序，逐日逐笔登记的账簿。五 流动资产1、Cox Company began the month of July with a balance in Accounts Receivable of $51 600. During July, Cox reported cash sales of $ 50 000, Credit sales on account of $228 000, collections from customers on account, $201 400, and write-offs of $750. Uncollectible Account expense for July was estimated to be 1% of credit sales. 1The balance in Accounts Receivable on July 31 is （A）228000-201400-750+51600=77450 a. $77 450 b. $75 170 c. $75 920 d. $80 550 2The balance in Uncollectible Account expense on July 31 is （C）(228000-201400)*1%=266 a. $260 b. $265 c. $266 d. $268 2、During a period of rising prices, which inventory pricing method might be expected to give the lowest valuation for inventory on the balance sheet? （A） A. LIFO B. FIFO C. Average-cost method D. Specific identification method3. Which of the following statements is true? （D）A. Separation of duties is not an important element of internal control for inventories.B. The perpetual system is used primarily for low-unit-cost inventory.C. An annual physical count of inventory is needed regardless of the type of inventory systems used.D. All the above are true.4. Beginning inventory was 35 000, purchased were 146 000, and sales totaled 240 000. The gross profit rate was 35%. How much is ending inventory? （A）（240000-X)240000=35%X146000-156000=25000是算期末存货价值 A.25 000 B. 97 000 C.35 000 D. 181 000六 投资，固定资产与无形资产1、Which of the following characteristics would prevent an item from being included in the classification of plant and equipment ? ( D )a. tangible b. unlimited life c. being sold in its useful lifed. not capable of rendering benefits to the business in the future2、The following expenditure were incurred in connection with a large new machine acquired by a metals manufacturing company. Identify those which should not be included in the cost of the asset（C）a. freight charges b. Sales tax on the machinec. payment to a passing motorist （汽车司机）whose car was damaged by the equipment used in unloading the machined. wages of employees for time spent in installing and testing the machine before it was placed in service.七 负债1、A basic difference between contingent liabilities and “real” liabilities is ( A )a. “real” liabilities stem from past transactions; contingent liabilities stem from future events.b. “real” liabilities always are recorded in the accounting records, whereas contingent liabilities never are.c. the extent of uncertainty involved.d. “real” liabilities can be large in amount, whereas contingent liabilities are immaterial.八 所有者权益1、Which of the following is not a characteristic of the common stock of a large, publicly owned corporation? (C)A.The shares may be transferred from one investor to another without disrupting the continuity of business operation.B. Voting rights in the election of the board of directors.C. A cumulative right to receive dividends. 此项是优先股特征 优先股分累积优先股。而普通股股利不固定根据企业盈利来发D. After issuance, the market value of the stock is unrelated to its par value.九 经营成果1、Which of the following statements is true? ( C )A. Gross profit - Cost of goods sold Sales revenueB. Sales revenue + Gross profit = Cost of goods soldC. Gross profit = Sales revenue Cost of goods sold D. Sales revenue + Cost of goods sold = Gross profit2、Recording an expense when it is paid instead of when incurred is a violation of ( A)A. The matching principle 配比原则 B. The time period concept C. The reliability concept D. The revenue principle 3、During 2004, Bustamante received $ 600,000 for service revenue. Bustamante has not received $ 30,000 for services already performed in 2004. Bustamante also invested $ 20,000 into the business. Bustamante should report service revenue for 2004 of ( D )A. $ 550,000 B. $ 570,000 C. $ 580,000 D. $ 630,000十 财务报表分析1、The current liabilities are $30,000, the long-term liabilities are $50,000, and the total assets are $240,000. What is the debt ratio? ( C )a. 0.125 b. 0.208 c. 0.333 d. 3.02、Analysis can use the footnotes of the financial statements to ( D ) a. help their analysis of financial statements b. help their understanding of financial statements c. help their checking of financial statements d. all of above3、Among the following ratios, which is used for long term solvency analysis? ( B ) a. current ratio b. Number of times interest earned c. Total Assets Turnover d. earnings per share4、 Item 1998 1997 Net Sales 14,680 14,550 Beginning: Balance of Receivables 769 658 Ending: Balance of Receivables 1,657 769 Accounts Receivable Turnover is ( A )14680（769+1657）/2）=12.1022 第二个同理 a. 12.1; 20.39 b. 12; 20.5 c. 11.9; 20.3 d. 12.2; 20.355、ABC Company had 100,000 shares of common stock outstanding at the beginning of the year. On June 1, the company issued 24,000shares of common stock. At the end of the year, the companys net income is $215,000, and the preferred dividends are $90,000, thus the Earnings Per Common Share ( EPS ) i