16秋学期《会计专业英语》在线作业

17春南开16秋学期）《会计专业英语》在线作业

一、单选题（共 20 道试题，共 40 分。）

1. Current liabilities are（ ）

A. due, but not receivable for more than one year B. due, but not payable for more than one year C. due and receivable within one year D. due and payable within one year 正确答案：

2. Under which method of cost flows is the inventory assumed to be composed of the most recent costs? A. average cost B. last-in, first-out C. first-in, first-out D. weighted average 正确答案：

3. Notes may be issued （ ） A. when assets are purchased

B. to creditor's to temporarily satisfy an account payable created earlier C. when borrowing money D. all of the above 正确答案：

4. Cash equivalents（ ） A. are illegal in some company

B. will be converted to cash within two years C. will be converted to cash within 90 days D. will be converted to cash within 120 days 正确答案：

5. The cost of a product warranty should be included as an expense in the （ ） A. period the cash is collected for a product sold on account B. future period when the cost of repairing the product is paid C. period of the sale of the product

D. future period when the product is repaired or replaced 正确答案：

6. The most widely used depreciation method is A. straight-line

B. sum-of-the-years-digits C. declining-balance

D. units-of-production 正确答案：

7. When the perpetual inventory system is used, the inventory sold is debited to ( ) A. supplies expense

B. cost of merchandise sold C. merchandise inventory D. sales 正确答案：

8. Debts owed by a business are referred to as（ ） A. accounts receivables B. equities

C. owner’s equity D. liabilities 正确答案：

9. On the balance sheet, the amount shown for the Allowance for Doubtful Accounts is equal to the （ ）

A. Uncollectible accounts expense for the year

B. total of the accounts receivables written-off during the year C. total estimated uncollectible accounts as of the end of the year D. sum of all accounts that are past due. 正确答案：

10. The interest rate specified in the bond indenture is called the （ ） A. discount rate B. contract rate C. market rate D. effective rate 正确答案：

11. The ability of a business to pay its debts as they come due and to earn a reasonable amount of income is referred to as （ ） A. solvency and leverage B. solvency and profitability C. solvency and liquidity D. solvency and equity 正确答案：

12. Which of the items below is not a business organization form?（ ） A. entrepreneurship B. proprietorship C. partnership D. corporation 正确答案：

13. Sinking Fund Cash would be classified on the balance sheet as （ ） A. a current asset B. a fixed asset

C. an intangible asset

D. an investment 正确答案：

14. How is treasury stock shown on the balance sheet? A. as an asset

B. as a decrease in stockholders' equity C. as an increase in stockholders' equity

D. treasury stock is not shown on the balance sheet 正确答案：

15. Which of the following groups of accounts have a normal debit balance? A. revenues, liabilities, capital B. capital, assets

C. liabilities, expenses D. assets, expenses 正确答案：

16. Using accrual accounting, expenses are recorded and reported only（ ） A. when they are incurred, whether or not cash is paid B. when they are incurred and paid at the same time C. if they are paid before they are incurred D. if they are paid after they are incurred 正确答案：

17. The two most common specialized fields of accounting in practice are( ) A. forensic accounting and financial accounting B. managerial accounting and financial accounting

C. managerial accounting and environmental accounting D. financial accounting and tax accounting systems 正确答案：

18. The two methods of accounting for investments in stock are the cost method and the （ ） A. straight-line method B. equity method C. liability method D. interest method 正确答案：

19. Revenue should be recognized when（ ） A. cash is received

B. the service is performed C. the customer places an order D. the customer charges an order 正确答案：

20. When the market rate of interest on bonds is higher than the contract rate, the bonds will sell at （ ） A. a premium B. their face value C. their maturity value D. a discount

正确答案：

16秋学期）《会计专业英语》在线作业

二、判断题（共 30 道试题，共 60 分。）

1. The amortization of a premium on bonds payable decreases bond interest expense. A. 错误 B. 正确 正确答案：

2. During deflationary periods, the use of the LIFO method of costing inventory will result in a lower amount of current assets than would result from the use of the FIFO method. A. 错误 B. 正确 正确答案：

3. If bonds are sold for a discount, the carrying value of the bonds is equal to the face value less the unamortized discount. A. 错误 B. 正确 正确答案：

4. Accounting is a service that provides many different users with financial information to make economic decisions. A. 错误 B. 正确 正确答案：

5. Prepaid expenses are an example of an expense. A. 错误 B. 正确 正确答案：

6. The cost of new equipment is called a revenue expenditure because it will help generate revenues in the future. A. 错误 B. 正确 正确答案：

7. In preparing bank reconciliation, the amount of outstanding checks is added to the balance per bank statement. A. 错误 B. 正确 正确答案：

8. The accounting equation can be expressed as Assets - Liabilities = Owner's Equity. A. 错误 B. 正确 正确答案：

9. If the debit portion of an adjusting entry is to an asset account, then the credit portion must be to a liability account. A. 错误 B. 正确 正确答案：

10. An account receivable is a claim against a customer arising from a sale on account. A. 错误 B. 正确 正确答案：

11. The accrual basis of accounting requires revenue be recorded when cash is received from customers. A. 错误 B. 正确 正确答案：

12. The relationship of each asset item as a percent of total assets is an example of vertical analysis. A. 错误 B. 正确 正确答案：

13. Horizontal analysis is used to compare the financial statements of the same company for different periods. A. 错误 B. 正确 正确答案：

14. If a firm has a quick ratio of 1, the subsequent payment of an account payable will cause the ratio to increase. A. 错误 B. 正确 正确答案：

15. When a stock dividend is declared, it becomes a liability A. 错误 B. 正确 正确答案：

16. Cash equivalents are short -term investments that will be converted to cash within 120 days. A. 错误 B. 正确 正确答案：

17. Paying an account payable increases liabilities and decreases assets A. 错误 B. 正确

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