会计专业英语练习题

Chapter 2 Accounting Concepts and Principles

财务报表要素

Asset 资产 Liability 负债

Equity 所有者权益、股本 Revenue 收入 Expense 费用 Gain 利得 Loss 损失

For each item below, indicate to which category of elements of financial statements it belongs.

每个项目下面，说明这类财务报表要素属于.

(a) Retained earnings 留存收益 equity (b) Sales 销售 revenue (c) Additional paid-in capital 股本溢价 equity (d) Inventory 存货 asset (e) Depreciation 折旧费 expense (f) Dividends 股息 equity (g) Gain on sale of investment 出售投资收益 gain (h)Interest payable 应付利息 liability (i)Loss on sale of equipment 销售设备的亏损 loss (j) Issuance of common stock 发行普通股 equity

Chapter 3 Financial Statements

Exercise 1. Presented on the next page are the captions of Faulk Company’s balance sheet. 在下一页的标题的福克公司的资产负债表。

(a) Current assets. (f) Current liabilities. (b) Investments. (g) Non-current liabilities. (c) Property, plant, and equipment. (h) Capital stock. (d) Intangible assets. (i) Additional paid-in capital. (e) Other assets. (j) Retained earnings. (a)流动资产 (f)流动负债 (b)投资 (g)非流动负债。 (c固定资产 (h)股本 (d)无形资产 (i)股本溢价 (e)其他资产 (j)留存收益。 Instructions

Indicate by letter where each of the following items would be classified.

1. Preferred stock. 11. Cash surrender value of life insurance. 2. Goodwill. 12. Notes payable (due next year). 3. Wages payable. 13. Office supplies. 4. Trade accounts payable. 14. Common stock. 5. Buildings. 15. Land. 6. Trading securities. 16. Bond sinking fund. 7. Current portion of long-term debt. 17. Merchandise inventory. 8. Premium on bonds payable. 18. Prepaid insurance. 9. Allowance for doubtful accounts. 19. Bonds payable. 10. Accounts receivable. 20. Taxes payable. 1优先股 11人寿保险现金解约价值 2商誉 12应付票据（明年） 3应付工资 13办公用品 4贸易应付帐款 14普通股 5建筑物 15土地 6证券交易。 16债券偿债基金 7长期债务的当期部分 17商品库存 8应付债券溢价 18预付保险费 9坏账准备 19应付债券 10应收账款 20应付税款

(a)流动资产 6.9.10.13.17.18 (f)流动负债 3.4.7.12.20 (b)投资 16 (g)非流动负债 8.19 (c固定资产 5.15 (h)股本 1.14 (d)无形资产 2 (i)股本溢价 (e)其他资产 11 (j)留存收益

Exercise 2. The accounting department supplied the following data in recording the

September 30 bank statement for Rytton, Inc. Closing cash balance per bank statement $15 496.91 Closing cash balance per cash book 14 692.71 Deposits in transit 2 615.23 Bank service charge 25.00 Outstanding checks 3 079.51 Note collected by bank including $45 interest (Rytton not yet 1 045.00 notified)

Error by bank-check drawn by Rytten Corp. was charged to 617.08 Rytton’s account

A sale and deposit of $1 729.00 was entered in the sales journal and cash receipts journal as $1 792.00.

银行：15496.91 企业：14692.71 加 2615.23 617.08 加 1045 减 3232.31 减 25 63 平衡：15649.71

Instructions

Prepare the September 30 bank reconciliation.

Exercise 3. A machine is purchased at the beginning of 2002 for $36 000. its estimated life is 6 years. Freight costs on the machine are $2 000. Installation costs are $1 200. The machine is estimated to have a residual value of $500 and a useful life of 40 000 hours. It was used 6 000 hours in 2002. 2002年初采购机器价款36000美元，估计有6年寿命。机器的货运成本是2000美元，安装成本是1200美元。该机预计净残值为500美元，可以使用寿命40000小时。在过去的2002一年它使用了6000小时。 Instructions

What is the cost of the machine for accounting purposes? 36000+2000+1200=39200 Compute the depreciation charge for 2002 using 计算2002年的折旧费(a) the straight-line method 直线法and (b) the service-hours method.工作量法 （a）直线法（平均年限法）

年折旧额=（固定资产原值-预计净残值）/预计使用年限 2002年折旧额=（39200-500）/6=6450 （b）工作量法

单位工作量折旧费=（固定资产原值-预计净残值）/预计工作总量 年折旧额=当年实际工作量*单位工作量折旧费 单位….= （39200-500）/40000=0.9675 2002年折旧额=0.9675*6000=5805 Exercise 3.

Mick Inc. has outstanding 10,000 shares of $10 par value common stock. On July 1, 2008, Mick reacquired 100 shares at $85 per share. On September 1, Mick reissued 60 shares at $90 per share. On November 1, Mick reissued 40 shares at $83 per share.

Instructions

Prepare Mick’s journal entries to record these transactions using (a) the cost method, (b) the par value method.

麦克公司拥有优秀的10000股，面值10美元的普通股。2008年7月1日，麦克发行100股每股85美元。九月一日，麦克发行60股每股90美元。十一月一日，麦克发行40股每股83美元。

米克的预备日记帐分录记录下这些交易使用的（a）成本法 (b)帐面价值的方法。 （a） 成本法：the cost method

7/1/08 Treasury stock (100*85) 8500

Cash 8500 9/1/08 Cash(60*90) 5400

Treasury stock (60*85) 5100 Paid-in capital from treasury stock 300 11/1/08 Cash(40*83) 3320

Paid-in capital from treasury stock 80 Treasury stock (40*85) 3400 （b） 帐面价值的方法：the par value method

7/1/08 Treasury stock (100*10) 1000 Paid-in capital from treasury stock 7500

Cash (100*85) 8500 9/1/08 Cash (60*90) 5400 Treasury stock (60*10) 600 Paid-in capital from treasury stock 4800 11./1/08

Cash (40*83) 3320 Paid-in capital from treasury stock 2920 Treasury stock (40*10) 400

1. The economic resources of a business are called: B A. Owner’s Equity B. Assets

C. Accounting equation D. Liabilities

2. DTK Company has a $3500 accounts receivable from GRS Company. On January 20, GRS Company makes a partial payment of $2100 to DTK Company. The journal entry made on January 20 by DTK Company to record this transaction includes: D A. A debit to the cash receivable account of $2100. B. A credit to the accounts receivable account of $2100. C. A debit to the cash account of $1400.

D. A debit to the accounts receivable account of $1400.

3. In general terms, financial assets appear in the balance sheet at: A A. Face value. 账面价值 B. Current value.现值

C. Market value. 市场价值 D. Estimated future sales value.

4. Each of the following measures strengthens internal control over cash receipts except: D

A. The use of a voucher system.

B. Preparation of a daily listing of all checks received through the mail. C. The deposit of cash receipts intact in the bank on a daily basis. D. The use of cash registers.

5. Which of the following items is the greatest in dollar amount? D A. Beginning inventory 期初存货 B. Cost of goods sold. 销货成本 C. Cost of goods available for sale D. Ending inventory 期末存货

6. Why do companies prefer the LIFO inventory后进先出法 method during a period of rising prices? B A. Higher reported income B. Lower income taxes C. Lower reported income D. Higher ending inventory

7. Which of the following characteristics would prevent an item from being included in the classification of plant and equipment? D A. Intangible B. Unlimited life

C. Being sold in its useful life

D. Not capable of rendering benefits to the business in the future.

8. Which account is not a contra-asset account? B

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