南开20秋学期（1709、1803、1809、1903、1909、2003、2009 ）《会计专业英语》在线作业答案

1、20秋学期（1709、1803、1809、1903、1909、2003、2009 ）会计专业英语在线作业试卷总分:100 得分:98一、单选题 (共 20 道试题,共 40 分)1.Using accrual accounting, expenses are recorded and reported only（ ）A.when they are incurred, whether or not cash is paidB.when they are incurred and paid at the same timeC.if they are paid before they are inc

2、urredD.if they are paid after they are incurred答案:A2.Current liabilities are（ ）A.due, 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:D3.In the accounting cycle, the last step is( )A.prepari

3、ng the financial statementsB.journalizing and posting the adjusting entriesC.preparing a post-closing trial balanceD.journalizing and posting the closing entries答案:C4.Notes may be issued （ ）A.when assets are purchasedB.to creditor's to temporarily satisfy an account payable created earlierC.when

4、 borrowing moneyD.all of the above答案:D5.The interest rate specified in the bond indenture is called the ( )A.discount rateB.contract rateC.market rateD.effective rate答案:B6.Profit is the difference betweenA.assets and liabilitiesB.the incoming cash and outgoing cashC.he assets purchased with cash con

5、tributed by the owner and the cash spent to operate the businessD.the amounts received from customers for goods or services and the amounts paid for the inputs used to provide the goods or services答案:D7.The cost of a product warranty should be included as an expense in the （ ）A.period the cash is co

6、llected for a product sold on accountB.future period when the cost of repairing the product is paidC.period of the sale of the productD.future period when the product is repaired or replaced答案:C8.In which section of the balance sheet would Treasury Stock be reported?A.Fixed assetsB.Long-term liabili

7、tiesC.Stockholders' equityD.Intangible assets答案:C9.A bank reconciliation should be prepared periodically because ( )A.the depositor's records and the bank's records are in agreementB.the bank has not recorded all of its transactionsC.any differences between the depositor's records an

8、d the bank's records should be determined, and any errors made by either party should be discovered and correctedD.the bank must make sure that its records are correct答案:C10.A capital expenditure results in a debit to （ ）A.an expense accountB.a capital accountC.a liability accountD.an asset acco

9、unt答案:D11.When the perpetual inventory system is used, the inventory sold is debited to ( )A.supplies expenseB.cost of merchandise soldC.merchandise inventoryD.sales答案:B12.When the corporation issuing the bonds has the right to repurchase the bonds prior to the maturity date for a specific price, th

10、e bonds are ( )A.convertible bondsB.unsecured bondsC.debenture bondsD.callable bonds答案:D13.The interest rate specified in the bond indenture is called the （ ）A.discount rateB.contract rateC.market rateD.effective rate答案:B14.If preferred stock has dividends in arrears, the preferred stock must be ( )

11、A.participatingB.callableC.cumulativeD.convertible答案:C15.The characteristics of partnership exclude( )A.more financial resources than a proprietorshipB.additional management skillsC.limited liabilityD.unlimited liability答案:C16.The liability for a dividend is recorded on which of the following dates?

12、A.the date of recordB.the date of paymentC.the date of announcementD.the date of declaration答案:D17.The cost method of accounting for stock( )A.recognizes dividends as incomeB.is only appropriate as part of a consolidationC.requires the investment be increased by the reported net income of the invest

13、eeD.requires the investment be decreased by the reported net income of the investee答案:A18.The debt created by a business when it makes a purchase on account is referred to as anA.account payableB.account receivableC.assetD.expense payable答案:A19.Under which method of cost flows is the inventory assum

14、ed to be composed of the most recent costs?A.average costB.last-in, first-outC.first-in, first-outD.weighted average答案:C20.Deferred revenue is revenue that isA.earned and the cash has been receivedB.earned but the cash has not been receivedC.not earned and the cash has not been receivedD.not earned

15、but the cash has been received答案:D二、判断题 (共 30 道试题,共 60 分)21.Under the cash basis for the accounting period concept, revenues and expenses are reported in the income statement in the period in which cash is received or paid.答案:正确22.The role of accounting is to provide many different users with financ

16、ial information to make economic decisions.答案:正确23.Ordinarily, a corporation owning a significant portion of the voting stock of another corporation accounts for the investment using the equity method.答案:正确24.If ending inventory for the year is overstated, owner's equity reported on the balance

17、sheet at the end of the year is understated.答案:错误25.The prices of bonds are quoted as a percentage of the bonds' market value.答案:错误26.In preparing bank reconciliation, the amount of outstanding checks is added to the balance per bank statement.答案:错误27.Bondholders claims on the assets of the corp

18、oration rank ahead of stockholders.答案:正确28.Under the periodic inventory system, the cost of merchandise sold is recorded when sales are made.答案:错误29.All property, plant, and equipment assets are depreciated over time.答案:错误30.When using the FIFO inventory costing method, the most recent costs are ass

19、igned to the cost of goods sold.答案:错误31.An account receivable is a claim against a customer arising from a sale on account.答案:正确32.Recognition is the process of incorporating in the balance sheet or income statement an item that meet the definition of an element and satisfies the recognition criteri

20、a.答案:正确33.The declaration and issuance of a stock dividend does not affect the total amount of a corporation's assets, liabilities, or stockholders' equity.答案:正确34.Primary users of accounting information are accountants.答案:错误35.When a large quantity of merchandise is purchased, a reduction a

21、llowed on the sale price is called a trade discount.答案:正确36.Prepaid expenses are an example of an expense.答案:错误37.Bonds are sold at face value when the contract rate is equal to the market rate of interest.答案:正确38.All property, plant, and equipment assets are depreciated over time.答案:错误39.Any differ

22、ence between the fair market values of the securities and their cost is a realized gain or loss.答案:错误40.If the debit portion of an adjusting entry is to an asset account, then the credit portion must be to a liability account.答案:错误41.The matching concept supports reporting revenues and related expen

23、ses in the same period.答案:正确42.In preparing bank reconciliation, the amount of deposits in transit is deducted from the balance per bank statement.答案:错误43.Temporary investments are reported on the balance sheet at cost.答案:错误44.Accounting is a service that provides many different users with financial information to m