南开《会计专业英语》19秋期末考核答案

1、会计专业英语19秋期末考核-0001试卷总分:100 得分:70一、单选题 (共 15 道试题,共 30 分)1.Which of the items below is not a business organization form?（ ）A.proprietorshipB.partnershipC.entrepreneurshipD.corporation答案:C2.Which of the following groups are considered to be internal users of accounting information?A.Government and bank

2、sB.Employees and managersC.Employees and customersD.Customers and vendors答案:B3.Merchandise inventory at the end of 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.merchandise inventory reporte

3、d on the balance sheet is overstatedD.cost of merchandise sold is understated答案:A4.The inventory method that assigns the most recent costs to cost of good sold isA.specific identificationB.averageC.LIFOD.FIFO答案:C5.The two most common specialized fields of accounting in practice are( )A.managerial ac

4、counting and financial accountingB.managerial accounting and environmental accountingC.forensic accounting and financial accountingD.financial accounting and tax accounting systems答案:A6.The interest rate specified in the bond indenture is called the ( )A.market rateB.effective rateC.discount rateD.c

5、ontract rate答案:D7.The excess of issue price over par of common stock is termed a(n) ( )A.premiumB.incomeC.discountD.deficit答案:A8.The income statement is prepared from( )A.the income statement columns of the work sheet.B.the adjusted trial balance.C.either the adjusted trial balance or the income sta

6、tement columns of the work sheet.D.both the adjusted trial balance and the income statement columns of the work sheet.答案:C9.The price at which a stock can be sold depends upon a number of factors. Which statement below is not one of those factors?( )A.the financial condition, earnings record, and di

7、vidend record of the corporationB.investor expectations of the corporation's earning powerC.how high the par valueD.general business and economic conditions and prospects答案:C10.Which of the following measures a companys ability to pay its current liabilities?A.number of times interest charges ea

8、rnedB.inventory turnoverC.earnings per shareD.current ratio答案:D11.During a period of falling prices, which of the following inventory methods generally results in the lowest balance sheet amount for inventory. ( )A.can not tell without more informationB.average methodC.LIFO methodD.FIFO method答案:D12

9、.For accounting purposes, the business entity should be considered separate from its owners if the entity is（ ）A.a proprietorshipB.a partnershipC.all of the aboveD.a corporation答案:C13.The journal entry a company uses to record the estimated accrued product warranty liability is ( )A.debit Product Wa

10、rranty Payable; credit Product Warranty ExpenseB.debit Product Warranty Payable; credit CashC.debit Product Warranty Expense; credit Product Warranty PayableD.debit Product Warranty Expense; credit Cash答案:C14.A bank reconciliation should be prepared periodically because （ ）A.the depositor's reco

11、rds and the bank's records are in agreementB.the bank has not recorded all of its transactionsC.any differences between the depositor's records and the bank's records should be determined, and any errors made by either party should be答案:C15.What is the type of account and normal balance

12、of Allowance for Doubtful Accounts?A.Contra asset, debitB.Contra asset, creditC.Asset, debitD.Asset, credit答案:B二、多选题 (共 10 道试题,共 20 分)16.Which of the following should be considered cash by an accountant?A.postage stampsB.coinsC.bank checking accountsD.Petty cash fundsE.IOU（I owe you)答案:BCD17.The pri

13、mary purpose of a stock split include ( )A.to increase the number of shares outstandingB.reduce the market price of the stock per shareC.reduce earnings per shareD.increase the market activity of the sharesE.increase paid-in capital答案:ABCD18.The following items below would affect the investor's

14、income for the period, they are( )A.the periodic net income of the investee under the cost methodB.interest received on a temporary investment in bondsC.interest received on a long-term investment in bondsD.dividends received on a long-term investment in stock where the investor owns 30% of the inve

15、stee's stockE.dividends received on a long-term investment in stock where the investor owns 10% of the investee's stock答案:BCE19.The two methods of accounting for investments in stock are( )A.the cost methodB.straight-line methodC.liability methodD.interest methodE.equity method答案:AE20.Curren

16、t assets include( )A.short-term investmentsB.receivablesC.property, plant and equipmentD.inventoriesE.intangible assetsF.cash答案:ABF21.All of the following below are needed for the calculation of depreciation ( )A.sales priceB.residual valueC.fare valueD.estimated lifeE.cost答案:BDE22.The primary advan

17、tages of a corporation include( )A.separate legal entityB.limited liabilityC.ease of ownership transferD.ease of capital accumulationE.continuity of life答案:ABCDE23.Current liabilities include( )A.wages payableB.taxes payableC.short-term notes payableD.bonds payableE.accounts payable答案:ABCE24.Which o

18、f the following groups of accounts have a normal credit balance?A.revenues, capitalB.liabilities, expensesC.capital, liabilitiesD.assets, revenuesE.assets, expenses答案:AC25.Which of the items below are business organization form?( )A.proprietorshipB.partnershipC.ownersD.entrepreneurshipE.corporation答

19、案:ABE三、判断题 (共 10 道试题,共 20 分)26.When a large quantity of merchandise is purchased, a reduction allowed on the sale price is called a trade discount.答案:正确27.The prices of bonds are quoted as a percentage of the bonds' market value.答案:错误28.Dividends in arrears are liabilities of the corporation.答案:

20、错误29.A corporation is a business that is legally separate and distinct from its owners.答案:正确30.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 criteria.答案:正确31.When using the FIFO invent

21、ory costing method, the most recent costs are assigned to the cost of goods sold.答案:错误32.During inflationary 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33.Ordinarily, a corporation owni

22、ng a significant portion of the voting stock of another corporation accounts for the investment using the equity method.答案:正确34.The matching concept requires expenses be recorded in the same period that the related revenue is recorded.答案:正确35.Liability accounts are increased by debits.答案:错误四、问答题 (共 6 道试题,共 30 分)36.英译汉（1）Double-Declining-Balance Method（2）Intangibl