Accounting English 会计英语学习通超星课后章节答案期末考试题库2023年VIP

AccountingEnglish会计英语学习通超星课后章节答案期末考试题库2023年A$2000invoicefromasupplierforgoodshastermsof1/10,n/30.if$100ofgoodswerereturnedtotheseller,theamounttoberemittedwithinthediscountperiodis$

.

参考答案:

1881

Abusinessissueda5000,60-days,12%notetothebank.Theamountdueatmaturityis(

)

参考答案:

5100

Acompanyborrowed$88500onseptember1,2019fromthebankbysigningan$88500,6%note,dueonseptember1,2020.whatistheaccruedinterestondecember31,2019?

参考答案:

$1770

Acompanydisposesofequipmentthatitnolongerusesinitsbusiness.Theamountreceivedbythecompanyismorethantheamounttheassetiscarriedatintheaccountingrecords.Thecompanywillreporta(n）：

参考答案:

Gain

acompanyhadsalesof695000andcostofgoodssoldof278000.itsgrossprofitequals(

)

参考答案:

417000

Acompanyperformedservicesonaccount赊帐inAugust.Theserviceswerefor$2,000andthecompanygavethecustomercredittermsthatstatetheamountistobepaidtothecompanyinSeptember.Assumingthatthecompanypreparesmonthlyincomestatements,whatwillbetheaccountdebitedfor$2,000inAugust?

Whichaccountshouldthecompanycreditfor$2,000inAugust?

参考答案:

accountsreceivable###servicerevenue

acorporation'sminimumlegalcapitalisoftendefinedtobetotalparvaluaofshares:(

)

参考答案:

outstanding

Anaccountpayableonthebooksofthebuyershouldbeanaccount

onthebooksoftheseller.

参考答案:

receivable

areexpectedtobepaidwithinoneyearortheoperatingcycle,whicheverislonger.

参考答案:

currentliabilities;Currentliabilities;short-termliabilities

Bondssecuredbythepledgeofspecificassetsarecalled

.

参考答案:

mortgagebonds

entriesforcashdividendsarerequiredonthe(

)

参考答案:

declarationdate###paymentdate

Fillintheblanks(1)-(9)fortheHendricksCompanyforeachoftheincome

statementsfor2011,2012and2013.HendricksCompanyIncomeStatementsFortheEndedDecember31201120122013Sales10000（4

）(7

)CostofgoodssoldMerchandiseinventory(beginning)(1

)6501000Totalcostofmerchandisepurchase28004250（8

）Merchandiseinventory(ending)(2

)1000745Costofgoodssold5450(5

)4660Grossprofit

(3

)57005240Operatingexpenses37004200(9

)Netincome850(6

)1780

参考答案:

1.3300

2.650

3.45504.9600

5.3900

6.15007.9900

8.4405

9.3460

Generallywhenrevenuesareinvolvedinatransaction,arevenueaccountwillbe

.

参考答案:

credited

Howdoespayingaliabilityincashaffecttheaccountingequation?(

)

参考答案:

Assetsdecrease,liabilitydecrease

Ifbondsareissuedatadiscount,itmeansthatthe:(

)

参考答案:

marketinterestrateishigherthanthecontractualinterestrate

Inacorporation,AssetsminusLiabilitiesis

_________.

参考答案:

stockholders'equity;stockholder'sequity;Stockholders'equity;Stockholder'sequity;

ingeneral,inwhatperiodshouldcostbeexpensed?

参考答案:

thesameperiodinwhichtherelatedrevenuesisrecognized

Interestearnedoninvestmentswouldappearinwhichsectionofaretailer'smultiple-stepincomestatement?

参考答案:

Non-operating

isacontra-liabilityaccountrepresentinganyinterestchargesapplicabletofutureperiodsincludedinthefaceamountofanotepayable.

参考答案:

discountonnotespayable;Discountonnotespayable

Obligationsthatarenotdueforatleastayeartermedas

.

参考答案:

long-termliabilities;long-termliability

OnDecember1acompanyborrowed$100,000at12%peryear.Theinterestwillbepaidquarterly,withthefirstpaymentdueonMarch1.WhatshouldthecompanyreportonitsincomestatementforDecember?

参考答案:

InterestExpenseOf$1,000

OnJanuary1,

2005,FabianEnterprisesissued9%,10yearbondswithafaceamountof

1,000,000at98.Interestispayablesemi-annuallyonJune30andDecember31.

OnJune30,2010,

FabianEnterprisespurchased1,000,000ofitsbondsat102andimmediatelyretiredthem.Thebondspaysemi-annualinterestandtheinterestpaymentdueonJune30,2010hasbeenmadeandrecorded.

Preparetheentriestorecordtheissuanceofthebonds（2005.1.1）,

thefirstsemi-annualinterestpayment（2005.6.30）,andearlyretirementofthebonds(2010.6.30),

assumingthatthecompanyusesstraight-lineamortization.

参考答案:

1.1

cash

980,000

discountonbonds

20,000

bondspayable

1,000,0006.30

bondinterestexpense

45000

cash

45000

bondinterestexpense

1000

discountonbonds

10002010.6.30

bondpayable

1,000,000

lossonearlyretirement

30,000

discountonbonds

10,000

cash

1,020,000

OnOctober1,DaltonCorp.borrows50000fromNationalPark,signingasix-monthnotepayableforthatamount,plusinteresttobecomputedatarateof9percentperannual.Indicateallcorrectanswers.(

)

参考答案:

Dalton’sliabilityonOctober1isonly50000.###Thematurityvalueofthisnoteis52250.###Dalton’stotalliabilityforthisloanonNovember30is50750.

Oneoftheadvantagesofthecorporationformofbusinessasopposedtoapartnershipformistheeaseoftransferring

__________.

参考答案:

ownership;ownershiprights

representsalong-term,interest-bearingnotepayablebysplittingverylargeloansintoagreatmanytransferrableunits.

参考答案:

bond;Bond;bonds;Bonds

Sharesofstockthathavebeenissuedandhavenotbeenreacquiredbytheissuingcorporationarecalled

__________

shares.

参考答案:

outstanding

stockoptionsareoftenusedtoencourageemployeesto(

)

参考答案:

focusoncompanyperformance###takealong-runapproach###remainwiththecompany

Stockholder'sequityissubdividedintotwomajorsections:

__________

and

__________.

参考答案:

paid-incapital;retainedearnings###retainedearnings;paid-incapital

Thebookvalueofanassetisequaltothe:

参考答案:

asset'scostlessaccumulateddepreciation

ThefollowingtransactionsoccurredduringJuly:Jul.5

received900cashforservicedprovidedtoacustomeronJuly2.Jul.7

received2200cashinvestmentfromBarbaraHanson,theownerofthebusiness.Jul.12

received750fromacustomerinpartialpaymentofhisaccountsreceivablewhicharosefromsalesinJune.Jul.15

provideservicestoacustomeroncredit,375.Jul.20

borrowed6000fromthebankbysigningapromissorynote.Jul.26

received1250cashfromacustomerforservicestoberenderednextyear.WhatwastheamountofrevenueforJuly?(

)

参考答案:

1275

ThegeneralledgeraccountAccountsPayableisacurrent

account.

参考答案:

liability

Theincomestatementheadingwillspecifywhichofthefollowing?

参考答案:

aperiodoftime

Theinterestexpenserecordedonaninterestpaymentdateisincreased:(

)

参考答案:

bytheamortizationofdiscountonbondspayable

thestockholders'equitysectionofABCCorporation'sJanuary1,2005,balancesheetincludethefollowingitems:commonstock($5par)

$800,000preferredstock($100par,8%)

300,000retainedearnings

500,000requiredtorecordthefollowingtransactionsincurredin2005.a.Jul.1

declaredan8%cashdividendonpreferredstock.b.Sep.1paidthecashdividenddeclaredonJuly1topreferredstock.c.Dec.1declared10%stockdividendoncommonstock.e.Dec.31determinedthatnetprofitfortheyearwas$350,000.

参考答案:

7.1

retainedearnings

24,000

dividendpayable

24,0009.1

dividendpayable

24,000

cash

24,00012.1

retainedearnings

80,000

dividendpayable

80,000

12.31

incomesummary

350,000

retainedearnings

350,000

Thetypeofstockthatgetsitsdividendbeforethecommonstockgetsitsdividendiscalled

__________

stock.

参考答案:

preferred

Tigercompanyborrowed$20000fromitsbankforaperiodofsixmonthsatanannualinterestrateof12%,alldueatmaturitydate.theinterestonthisloanisstatedseparately.whichofthefollowingisrecordedatthedateofborrowing?

参考答案:

notespayable

Unearnedrentalrevenueis:(

)

参考答案:

reportedasacurrentliability

Whichofthefollowingisnotanaccuratestatementregardingthedistinctionbetweendebtandequity?

参考答案:

onlyequityisconsideredasourceoffinancingforoperationsofthebusiness,sin